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Indian benefits from £15m capital increase
Posted :
22-09-2006
Indian Motorcycle has announced that they have £15 million more in capital to fund the long-awaited re-launch of the company with.
The company is to purchase a company in Charlotte, North Carolina, where it will base its headquarters.
Located 35 miles south of Charlotte, in Cleveland county, the site will see the legendary motorcycle company struggle back on to its feet.
Indian chairman, Stephen Julius said: "This capital increase is a clear demonstration of our significant commitment to the successful future of Indian Motorcycle. It ensures that the company has the proper financial foundation.
"However, the success of Indian Motorcycle will not be based on capital alone."
Recruiting a world-class management team will be vital to the new company's fortunes, added Mr Julius.
The Indian Motorcycle Company used to be based in Gilroy, California, the so-called "garlic capital of the world."
Vintage Indian motorcycles are much valued by collectors and the name has become an American icon.
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