Friday, November 05, 2010

Wow. Today the bike world says goodbye to Titus

An email sent from Titus this morning to it's dealers:
To All Titus Business Partners:

As many of you know, Titus has been working through a challenging year.* We have made significant efforts to restructure the company.* Unfortunately, we have run out of time. *

Our largest lender is foreclosing on an outstanding loan.* Commencing immediately, they will initiate an orderly liquidation of company assets.*

Titus is well known for great customer service, including warranty service.* Please be patient with us as we work through this most difficult time.* We will do everything possible to keep our loyal riders on the trails.

All inquiries and requests will be answered beginning Monday, November 8, 2010.

Many of you have been partners with Titus for a very long time.* We deeply appreciate your support through the years.

You are on our list because you are a dealer, have been a dealer, or have requested information about becoming a dealer for Titus.
Here's a link to an article in MBA posted today.

This is hugely horrible news. Titus has been around since day one and has made great bikes since the beginning.

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