Hero MotoCorp Ltd (HMCL) has purchased a minority stake in Erik Buell Racing. The Indian manufacturer will invest $25 million in the American company, earning a 49.2% share. Hero will have two directors and one observer on the EBR board of directors, but EBR founder Erik Buell will remain Chairman and CEO.
A press statement from Hero announcing the move states the $25 million investment will be … More
This entry was posted
on Thursday, July 4th, 2013 at 4:20 pm and is filed under Business news, Motorcycle, Roadracing, Street Riding.
You can follow any responses to this entry through the RSS 2.0 feed.
Both comments and pings are currently closed.