martinm Posted January 19, 2009 Report Share Posted January 19, 2009 Just heard that Scorpa have gone into liquidation. here Here's a rough translation..... Following the termination of assistance from its main bank, said Scorpa is in liquidation with observation period of six months. Following numerous meetings with its main bank, but not those they have been able to find a positive outcome, the Board of Scorpa was forced to declare insolvency before the Tribunal de Commerce de N Quote Link to comment Share on other sites More sharing options...
grahamjayzee Posted January 19, 2009 Report Share Posted January 19, 2009 That's a shame. It does noone any good for companies to fold. Let's hope they can find a backer quickly and get up and rolling. Quote Link to comment Share on other sites More sharing options...
unbalanced Posted January 19, 2009 Report Share Posted January 19, 2009 Noooooooooooooooooooooooooooooooooooooooooooooo Quote Link to comment Share on other sites More sharing options...
dan williams Posted January 19, 2009 Report Share Posted January 19, 2009 Depending on the options that could materialize, it is planned to transfer production outside France. So how about a Chinese built Scorpa? One of my fears with the bailout of the US auto industry is that much of their production will end up overseas in China and India. I can easily see this happen with the trials industry. Welcome to Wal*mart... The trials section? Over there between the electronics and boys departments. Quote Link to comment Share on other sites More sharing options...
andy m Posted January 19, 2009 Report Share Posted January 19, 2009 In the current economic climate I was wondering which bike manufacturer would be first to be in trouble. If the French can do a deal or work it out I am sure they will. Have Yamaha got a stake in the company other than agreeing to supply engines etc ?? I suspect others may go the same way as they are supplying a mainly leisure market and with the Euro as strong as it is against the pound the prices have rocketed and they will not be shifting the bikes they once did. Quote Link to comment Share on other sites More sharing options...
big john Posted January 19, 2009 Report Share Posted January 19, 2009 This does not come as a complete surprise, no new 2009 bikes in the Uk? Big John Quote Link to comment Share on other sites More sharing options...
martinm Posted January 19, 2009 Author Report Share Posted January 19, 2009 Bit more from Moto Verte It was learned officially this morning, the company has Scorpa bankruptcy and was placed in receivership in an economic context for the less complex ... Scorpa SA which includes off-road motorcycles, AS Motors (quads) and SEV (electric vehicles) is facing difficult times: after the termination of assistance from its main bank, Scorpa was declared for bankruptcy protection with period observation of six months. " The announcement said that "numerous meetings with its main bank, have been able to find a positive outcome." The Board of Directors of Scorpa was forced to declare insolvency before the Tribunal de Commerce de N Quote Link to comment Share on other sites More sharing options...
b40rt Posted January 19, 2009 Report Share Posted January 19, 2009 Why doesn't Scorpa relaunch as a bank, that also make motorcycles. It should then be entitled to endless amounts of public money. Quote Link to comment Share on other sites More sharing options...
big john Posted January 19, 2009 Report Share Posted January 19, 2009 I think a similar situation happened at Bultaco in the early 1980's, it then became a cooperative, then it finally collapsed, some parallels but not exactly the same as Scorpa's situation it would seem. Production continued for a coupe of years before Bultaco disappeared completely. However, this is not a good omen for trials at this point in time, less choice for a start! Big John Quote Link to comment Share on other sites More sharing options...
motovita Posted January 19, 2009 Report Share Posted January 19, 2009 (edited) Go to Scorpa's website. They say bankruptcy-yes, liquidation-no, and production is ongoing. This is good news as I have a deposit on an 09. Edited January 19, 2009 by motovita Quote Link to comment Share on other sites More sharing options...
munch Posted January 19, 2009 Report Share Posted January 19, 2009 Dear Customers, As you may know, it is a complicated financial time for a lot of companies. This has been brought about by the difficulties in the banking world. Our company has been obliged to take action to safeguard our operation. We have therefore asked to be put under the protection of the French law. This prevents any attempts to disrupt our production for initially six months, but with the likelihood of indefinite extension. This arrangement is similar to the one you may have heard of in the USA called "chapter 11" . This has allowed our company to continue our daily work. In spite of a general slowing down of the global market we are satisfied by our order book, for our new models for 2009, especially on the export side of the market. We would like to reassure you that the production will remain steady for the foreseeable future. Any rumours you may have heard about our imminent liquidation are categorically untrue, due in part to the safe guards we have put in place. As always with regards to the future developments we may instigate, to do with any financial institutions and industrial groups, we will keep you informed on any decisions. For any question on this subject do not hesitate to contact us at knowmore@scorpa.fr Quote Link to comment Share on other sites More sharing options...
johnnyboxer Posted January 19, 2009 Report Share Posted January 19, 2009 Who's next? S, B or G Quote Link to comment Share on other sites More sharing options...
spud Posted January 19, 2009 Report Share Posted January 19, 2009 (edited) Who's next?S, B or G The UK to have the euro Montesa must be next. Edited January 19, 2009 by spud Quote Link to comment Share on other sites More sharing options...
big john Posted January 19, 2009 Report Share Posted January 19, 2009 It's just too easy to speculate, but without hard facts on the financial stability of these companies, we are all in the dark I'm afraid. The only ones that have an idea what is going on are the operational executive directors of the manufacturers themselves! Big John Quote Link to comment Share on other sites More sharing options...
bigdamo Posted January 19, 2009 Report Share Posted January 19, 2009 (edited) So how about a Chinese built Scorpa? One of my fears with the bailout of the US auto industry is that much of their production will end up overseas in China and India. I can easily see this happen with the trials industry. Welcome to Wal*mart... The trials section? Over there between the electronics and boys departments. Here we go again bag out the Chinese. I would like to think we should encourage the Chinese to get into Trials. What with 1.3 billion people and if you take a % of that got into trials and they are already big into bicycle trials over there and there Chinese trials bicycle are excepted around the world as a good thing it could only be good. chinese stunt rider Edited January 19, 2009 by bigdamo Quote Link to comment Share on other sites More sharing options...
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