Lehman Trikes Suspends Operations – Company Future in Doubt

Dennis Chung
by Dennis Chung

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-Sentine l, 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]

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Dennis Chung
Dennis Chung

Dennis has been a part of the Motorcycle.com team since 2008, and through his tenure, has developed a firm grasp of industry trends, and a solid sense of what's to come. A bloodhound when it comes to tracking information on new motorcycles, if there's a new model on the horizon, you'll probably hear about it from him first.

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