The Duke of Cambridge, Prince William, visited Britain’s largest motorcycle show, Motorcycle Live, at the National Exhibition Center in Birmingham. The visit saw the Duke astride numerous motorcycle models including UK icons Norton and Triumph as well as a Ducati 1199 Superleggera (one of the few men able to afford the $70,000 rarity). During his visit Prince William […]
Lehman Trikes Suspends Operations – Company Future in Doubt
Lehman Trikes has suspended all operations after failing to find investors for its motorcycle trike conversion kit business.
The Spearfish, S.D., company says it needs an injection of capital in order to continue producing trikes. According to the Milwaukee Journal-Sentinel, Lehman Trikes laid off some workers late in 2011 while the company sought new investors. That search was unsuccessful, leading the company to shut down operations while it seeks other avenues for new capital.
While the search for new funding continues, the company says there is no guarantee it will find enough to re-open operations.
It has been a rocky few months for the Lehman Trikes. The company’s founder, John K. Lehman, passed away suddenly in January.
[Source: Lehman, JSOnline]
Lehman Trikes Founder Passes at 60