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Erik Buell Racing Secures GE Capital Dealer Financing

Erik Buell Racing has taken a vital big step forward by securing inventory financing from GE Capital. With support from GE Capital’s Commercial Distribution Finance program, Erik Buell Racing can expand its dealer network across the U.S. and sell its new motorcycles such as the 1190 RS.

Hero MotorCorp Buys Half of Erik Buell Racing

According to a press release from Hero MotorCorp, the U.S. arm of Hero, HMCL (NA), has agreed to purchase 49.2% of Erik Buell Racing for $25 million. HMCL (NA) is said to have transferred $15 million to EBR with the remaining $10 million to be paid within the next nine months. Hero says it will have two members and one observer sitting on the EBR board of directors but Erik Buell will continue as Chairman and CEO of the company.

2015 Hero HX250R – The Indian Sportbike Developed by Erik Buell

Indian manufacturer Hero MotoCorp revealed a new 249cc sportbike developed with the help of Erik Buell Racing. Hero is calling the HX250R for now, though the name may change before it enters production in the second half of the year. Whatever the name, the HX250R will be Hero’s flagship model and the company’s weapon against former business partner Honda and its CBR250R.