DH’s motorcycle’s company has a new CEO

Oh, wow. DH has a Ural. He loves his bike, but the company has been having financial problems lately. The factory is in Irbit, Ukraine, and evidently they owe a great deal of back taxes. From what he had told me, there was a dispute about taxes, and the company lost, and owed a very large amount to the government.

DH was reading the various Ural forums, and found an interesting news story. IMZ-Ural has a new CEO, from the USA. Evidently the gentleman visited the factory earlier in the year on a investigation from a group of investors, and was impressed by the operations. The company itself is pretty small, but has a good distribution and dealer network out there. The factory is old, but in good shape. The money crunch had hit, so the cash flow has been the biggest problem they have had. So with the deal by the new CEO and local investors, it looks like the company will now be in much better shape. Hooray!

Its a nice bike, so I’m hoping that the new CEO and investors will be able to keep it running in good fashion for many years to come. Or as DH says “keep a steady supply of the spare parts he needs for years to come.”

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