Global Motorsport Holds Combined Show
Dealers seemed to like Global Motorsport Group’s new single-show format, the one that combined shows of its Custom Chrome and Motorcycle Stuff companies for the first time Oct. 8—10. The event at Global’s Morgan Hill, Calif., headquarters, drew close to 2,000 people from about 1,200 dealerships, said Dave Scott, director of communications. A total of 176 vendors participated.
There was plenty of news at the show, as well as new products. Global announced that it has signed an agreement in principle for a $90 million credit facility with a group of banks. The deal, scheduled to close Oct. 29, 2004, should alleviate the cash flow problems that have plagued Global for more than a year. The cash difficulties caused Global to get behind in payments to several vendors, a situation that has since been remedied, said Scott during an interview with Powersports Business. “We’re current and have been for the past three months,” he said Oct 11.
Global also announced that it has hired Geoff Burgess, a top international motorcycle engineer, to head its technical operations. Burgess most recently was vice president of product development at S&S Cycle, the Viola, Wisc., engine maker.
In other news from the show, Roger Goldammer, of Goldammer Cycle Works Ltd., Kelowna, British Columbia, Canada, won the first World Championship of Custom Bike Building in the freestyle class. He took home a trophy and $25,000 for his efforts.
