Bimota For Sale, Again

BIMOTA FOR SALE, AGAIN

Bimota's struggle for survival reached a dramatic nadir in June, when company boss Francesco Tognon and primary shareholder Edoardo Miroglio decided to liquidate the bike-maker's assets. This, after clothing-tycoon Miroglio had poured loads of lira into the Rimini, Italy-based factory to restore its financial credibility and re-establish production. Reportedly, the final nail in the coffin was the decision to homologate the Suzuki TL1000-engined SBBK (shown) for participation in the World Superbike Championship, a program that has now been suspended. Lack of funds stopped production, while the number of angry creditors continued to grow. Victor Gauntlet, known among the motoring fraternity for leadino Aston Martin before Ford acauired it. is aonarentlv interested in nurchasino the~ company, though manpoweLMro~!d be cut from the current 65 to a mere 25.

Bruno de Prato