Erik Buell Racing (formerly Buell Motorcycles, under then-parent company Harley-Davidson) has ceased operations and filed for receivership due to lack of funding – despite the fact that 49 percent of EBR is owned by Indian motorcycle juggernaut Hero.
The Journal Sentinel reports Erik Buell as saying, “The turn we recently took, after we thought we were moving forward, was unexpected. We thought we had secured funding, but in the end, we were not able to get the funding in place. Therefore we need to do the best we can under the circumstances for all parties in interest. To say this setback is a disappointment does not begin to express what I feel right now. I am personally grateful for the support of our outstanding workers, customers and vendors. While this is a sad ending, I personally hope for a new and better beginning.”