I recently received a bit of news that seemed to come like a bolt of lightning straight out of the blue sky: a sentence by the Court of Pesaro, Italy, declared that Benelli motorcycles was insolvent, the first step into bankruptcy. I had to dig into it and double check to believe it for myself.
Today, Benelli is a relatively small outfit with the primary task of acting as a mega R&D department for parent company Qjian Jiang, the prestigious Chinese motorcycle company that acquired Benelli in 2005.
Qjian Jiang is a huge and financially strong company. Just considering this factor the whole case appears inconsistent. The case is based around a batch of telescopic forks that WP, the plaintiff, affirms were delivered to Benelli, …
Read the full article at: http://www.cycleworld.com/benelli-motorcycles-fighting-wp-in-italian-court-declared-insolvent