Moto Morini Auction

Moto Morini

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UPDATE: The first date for auction of the insolvent brand Moto Morini is inconclusive: the absence of any offers, the court in Bologna, the event declared ended after just two minutes.

Update of 14 April 2011: There are quite interested in the insolvent Italian manufacturer. The problem was but obviously the fact that the liquidator Piero Aicardi had quickly changed the rules for bidding and Morini had offered only complete the purchase, say, along with the property in Casalecchio, which is heavily burdened with mortgages. In view of the required sum of 5.5 million € since no one wanted to play more.

Now a second auction date is set, probably in 15 to 20 days. Here, too, should come out much because of the insolvency administrator will go down in his own words then only at about 200,000 €. Decision should therefore be the third time: then that is the trademark and the property is offered separately. When it comes to know, however, currently no one.

There is hope for Moto Morini so still – even if the nature of the Italian insolvency administration, with its delay and delay tactics is difficult.
31. March 2011: Prior to the auction of the insolvent Italian brand Moto Morini recognized for 13 April in Bologna, have a number of companies registered with keen interest. These include the Korean motorcycle manufacturer Hyosung, the Italo-Canadian businessman Stefano Franz and ICP, a manufacturer of ultralight aircraft from Piedmont, which came in the motorcycle scene already as a sponsor in the Grand Prix racing series Moto2 in appearance.

Moto Morini

To the Italian media turned, however, the Austrian entrepreneur Thomas Blein with an offbeat idea to save the brand: Together with an Italian partner, the former racing driver, he wanted the roof of the Morini headquarters in Casalecchio, a suburb of Bologna to equip with a large photovoltaic system and use the sun to generate electricity. The electricity could be sold to the city of Bologna and other surrounding communities, using the profits could then be the production in such a short-term boost and again that Moto Morini already at the Milan Fair in the autumn could be present.

Insiders, however, be skeptical, because apparently still is not fixed, whether the roof of the Moto Morini headquarters is in general for a large photovoltaic system. Under the hood, also a connection with the grant is believed that granted by the State until May for systems of this kind. Local Employee Committee favors a solution with the Korean manufacturer Hyosung up as this, so Cristina Pattarozzi by the union CGIL that it was “an expert on the matter.” In addition, Hyosung has already presented a compelling concept.

The decision now lies with the liquidator Piero Aicardi, who can agree with in accordance with Italian law, even before the scheduled auction, interested in a takeover. The value of Moto Morini he had scheduled two months ago to at least 5.5 million euros, including the plant site and 2.6 million euros without the property.

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