Friday, February 6th 2015. | Advanced Technology, Auto & Motor, Car

Spanish motorcycle manufacturer Gas Gas is in a lot of turmoil in these and saying that just might be an understatement. The company, which has been struggling to stay afloat in recent months, is sinking further and further down after being forced to stop production in an attempt to address its financial issues.

The uncertainty surrounding the company’s future has put the jobs of around 500 employees in limbo. According to company president Yariv Gilat, there’s no assurances that these employees will still have jobs in the future as the company desperately tries to find new agreements with banks and modify its own long-term financial plans.

You know it’s bad when the company tells its employees to stop everything they’re doing because it can’t afford to do them anymore. That’s what’s happening in Gas Gas now as production has stopped on everything. Even the company’s research and development department has been closed down at the moment.

Through all of this, there does appear to be a silver lining for the Spanish company. Multiple reports have indicated that a possible investor could be on the horizon, although specific details on that end have yet to be disclosed.

Click past the jump to read more about Gas Gas’ financial problems.

Gas Gas Stops Production Over Unsettled Financial Problems originally appeared on on Friday, 6 February 2015 20:00 EST.

read more

5 / 5 stars

Submit your comments For Gas Gas Stops Production Over Unsettled Financial Problems

Related For Gas Gas Stops Production Over Unsettled Financial Problems


Custom Search