Spanish manufacturer Gas Gas was forced by investors to halt production while company president Yariv Gilat is in talks with banks to reach new agreements. The financial issues of the company are very serious: not just the production line had to be stopped: research and development division and even spare part production have come to a complete halt. Gas Gas has 500 employees in Spain.
Gas Gas TCT Pro 300 Trial bike – click on the image
According to Spanish media reports, the company needs 24 million Euros ($27,4 million) to straighten things out. Some reports say that a new investor is interested in the brand and the Catalan government is also believed to help Gas Gas out. Stay tuned for more info soon.
