beansbaxter
Needs a life
Posts: 5911
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posted September 22, 2005 03:08 PM
Chinese to Buy Benelli
Link to news article on web.
[QUOTE]Chinese to Buy Benelli
Powersports Business
Tuesday September 20, 2005
China's Qianjiang Group Co. Ltd. plans to purchase Italian motorcycle brand Benelli from electrical appliance manufacturer The Merloni Group.
The deal follows assurances from Qianjiang's management that Benelli scooters and motorcycles will continue to be built at its Pesaro factory in central Italy, according to published reports.
Qianjiang is China's biggest motorcycle maker and the deal represents its first acquisition in Europe.
Established in 1911 by Teresa Benelli, the Italian company started as a car and motorcycle repair shop and built its first motorcycle in 1921. [/QUOTE]
This is a web link to the Chinese motorcycle company that bought them.
   
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