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Powersports vehicle supplier United Motors of America (UM) has gone out of business.A source tells me UM officially closed its doors Feb. 1. The company’s website – umamerica.com – is down and the phones have been disconnected. Plus, it’s alleged finance firm GE took possession of most, if not all, of the vehicles that were in the company’s warehouse.Led by the Villegas family out of Colombia, UM spent the past 13 years distributing motorcycles, scooters and ATVs from a 36,000 sq. ft. facility near Miami, Fla.The Villegas originally were assembling Jincheng motorcycles in Colombia when, in 1995, brothers Jose and Juan ventured to the U.S. to launch Jincheng USA. However, in 2001, the company’s name changed to United Motors USA when the Villegas discontinued buying from Jincheng and the Chinese company moved its distribution to the now-defunct Panda USA.Since then, UM imported product from several Chinese suppliers, including scooters from Wangye, dirtbikes from CPI, and scooters and ATVs from Qian Jiang. Sales were relatively mediocre until 2005, when the Villegas inked a supply deal with Hyosung Motors whereby the Korean manufacturer would allow UM to rebadge Hyosung motorcycles with the UM logo.The partnership proved valuable to UM, which attracted a few hundred dealers with its product line-up and soon was selling more motorcycles in the U.S. than Hyosung Motors USA.What ultimately caused UM’s house of cards to fall? I’m still investigating, but a friend says he recently heard Hyosung’s CEO say UM hasn’t been meeting the terms of the supply agreement because of their lack of available funds – yet another clue as to why GE allegedly cleared out the company’s warehouse of vehicles. Another interesting piece to the puzzle: the continued existence of UM Global, a company in China that operates as “a registered brand of the United Motors Group” and distributes product to countries like Venezuela, Peru, Argentina, Dominican Republic, Panama, Costa Rica, Nicaragua, Honduras, El Salvador and Guatemala.UM was supplying product to 150 dealers when it closed last week.
so does that mean that we, as Canadians,that ride in the states will have no line of defense or place to do a fix it as we go thru that land of your?
Quote from: pops on February 12, 2010, 05:03:55 AMso does that mean that we, as Canadians,that ride in the states will have no line of defense or place to do a fix it as we go thru that land of your?Nope. You poor Canadians with your snooty ways and bad manners will have to suffer whenever you decide to cross into our border......
:)Great news,UM was causing great confusion with everyday people because UM dealers were telling their customers that they manufactured bikes for Hyosung and then that same would be told by the other so the guy or gal would think somethings fishey and go buy a kawasaki or honda! Good BY Identity crisis