American Motorcycle Dealer AMD 178 May 2014 | Page 8

Wild West offers new approach, buys Apollo BUCKNER, Kentucky based Wild West Motor Company (WWMC) is starting the process of licensing several established shops in the US and Canada to have the ability to manufacture their line of motorcycles as “Licensed Manufacturing Sites.” WWMC has been around for many years and have "thousands of their motorcycles on the roads worldwide." The company was moved to Kentucky in 2008 and downsized in order to survive the downturn in the Custom motorcycle market. Jim Winn, the present Senior Partner and CEO, says: "WWMC came very close to ending up like many other Custom manufactures, such as American Iron Horse, Titan, Big Dog and many others - closed!" "However, we are starting to see some upturn in the market, and to meet this, and what we hope will be an opportunity for future growth, we believe that a new approach to the custom motorcycle build model is what is required. By entering into licensing agreements with the right Jim Winn "we are starting to see some upturn in the market" motorcycle builders/dealers we can develop an approach that leverages local market expertise and provide those businesses with access to a build program that has greater pedigree and design/engineering foundations than any single custom shop or builder could create. "This model means builders /dealers in different regions of this and other countries can provide their consumers with a line of established Custom V-twin motorcycles that they can build locally. "These licensed manufacturers would represent WWMC in every way, including being able to provide the VIN/MSO and share in our N.A.D.A. listings - listings that have continued uninterrupted since 1999. "That is a huge benefit - it means our bikes, the bikes that they can build locally, will be fully financeable and insurable with an established residual and used value track record in a way that one-off individually built customs generally aren't." In additional news WWMC has announced the acquisition of APOLLO CHOPPERS located at Eminence, Kentucky. Founded in 2002, the Apollo Choppers line of motorcycles will also be offered for assembly to Wild West “Licensed Manufacturers” for sale to their customers and to other dealers. Apollo will be building Bobbers and entry level cruisers, as a rangecompletion option to Wild West's line of " high-end choppers, 'ProStreet' style models and mid-level cruisers. www.wildwestmc.com Licensing agreements will mean that remote manufacturing site partners will be able to assemble their own inventory of Wild West designs Wild West will offer Apollo Choppers designs to round-out their range Vectrix Electric scooters in Chapter 7 bankruptcy filing IT LOOKS like the final chapter in the troubled Vectrix story may well be about to be written, with a Chapter 7 bankruptcy filing in the United States, an action that usually results in the liquidation of any remaining assets of a business. Based at New Bedford, Massachusetts, with an assembly plant in Wrocław, Poland, Vectrix ceased all US operations as of December 31, 8 2013, although at that point it was planned to maintain the plant in Poland to fulfil obligations under a joint venture agreement with Daimler AG's Smart division. First introduced in 2006, the Vectrix was a maxi-size scooter, and was said to be the first commercially available high performance electric scooter. Plagued by battery and production issues, the company AMERICAN MOTORCYCLE DEALER - MAY 2014 first entered into a sequence of bankruptcy actions designed to protect it from its creditors in 2009, with its assets ultimately being acquired by the Chinese Gold Peak battery group at the end of that year. Despite several promising advances in technology, including their patented Planetary Gear Drive and energy recovery techniques, numerous manufacturing problems resulting in failed batteries and non-functioning scooters resulted in Gold Peak deciding to cut their losses and close down all Vectrix's US facilities at the end of last year. www.AMDchampionship.com