When scooter news breaks, we put it under a tarp in the garage.
The LML Star (aka Genuine Stella) is back on the market in France and the Scooter Station interviewed the French importer (in French, here’s a translation). Interesting, especially the talk of the revival of the ACMA name.
IndiaTimes reports that after relaunching international shipments in the last couple months, LML is back in the (Indian) domestic market, with their “Vespa brand” scooters. I’m assuming this is sloppy journalism and not some sort of LML-Piaggio joint venture where the LML NV SPL and Select II (on which the Genuine Stella is based) are … Continue reading “LML Vespa? Doubt it.”
India Infoline and Moneycontrol India are reporting that LML has signed an agreement with workers and production will resume “shortly,” focusing on scooters for the export market (Stellas!).
I’m a little behind on news, sorry (we’ll catch up tonight), but this certainly caught my eye today: Remember how LML was preparing for a February comeback? We all knew that wouldn’t happen, and it didn’t. But at today’s LML annual general meeting, LML director Deepak Singhania announced that LML will restart production by next … Continue reading “LML’s big export plans”
Indian news has been closely following the news of LML’s return. Indian station CNBC-TV18 interviewed LML Vice President RK Srivastava, who made it clear Piaggio is not involved in the recovery. DNA India had a bit more detail, but not much, a few days after the original announcement. The loudest chatter came from several Indian … Continue reading “More on LML “rebirth””
It’s Christmas in… um… late December: citing “large export orders for two-wheelers” among other factors, LML announced production of scooters and autorickshaws will restart in 2 months, hopefully ending nearly a year of labor strife, legal wrangling, government meddling, threats of self-immolation, and general whining. Those export-only two-wheelers are presumably the LML Star, Genuine Stella, … Continue reading “LML back in February”
From the Hindustani Times, who always delete their stories from the server a few hours after posting them, for some reason, so I’ll just post the whole thing: LABOUR MINISTER Waqar Ahmad Shah on Monday issued notice to the LML management seeking explanation why not lock-out at its Panki unit should be declared illegal. The … Continue reading “Indian government demands justification for LML lockout”
This slipped past me last week in one of the several stories about LML declaring itself “sick:” LML is believed to be in talks with one Italian, one Chinese and two Indian companies and the talks will continue as the revival of the company is still sought after. Genuine is surely sick of hearing LML … Continue reading “LML: “One Italian, one Chinese and two Indian””
More gloom: LML declares itself “sick.”
From HindustanTimes.com: MEMBERS OF the All-India Central Council of Trade Union (AICCTU) have warned that the responsibility for any attempt of group self-immolation by the employees of the closed LML Limited would lie on the Chief Minister, Labour Ministry and owners of the LML Limited. The warning was issued in a letter written by AICCTU … Continue reading “LML: Rhymes with “What the Hell?””
Moneycontrol India reports: …Daelim, [LML’s] South Korean partner, might buy into the Lucknow-based company. Sources say talks between the two companies have been on for about four months now. LML management had no comment.
An unregistered user “Dr. Sparks” claimed yesterday on the ScooterBBS that he’d heard that a british concern was trying to buy the Star/Stella tooling from LML, not with the intention of producing the bikes, but simply to prevent its destruction. Today a rumor is circulating that LML distributors have been contacted by LML and notified … Continue reading “Two Stella/LML rumors:”
From HindustanTimes: Two-wheeler manufacturer LML Ltd said on Thursday that it has allotted about 27 lakh equity shares to Merrill Lynch Capital Markets Espana upon conversion of Foreign Currency Convertible Bonds (FCCBs). At the meeting held today the Financial Restructuring Committee of Directors allotted shares of Rs 10 each at a premium of Rs 21.10 … Continue reading “LML does something involving money”
LML employees continued their protests last week, going to the district magistrate’s office to chastize the government for their lack of involvement. The Indian government has been publicly supportive of the workers, but has done little to end the lockout or secure promised payments. Monday, at a meeting between Indian labor officials, LML managment, and … Continue reading “LML to remain shuttered through 2006”
The Islamic Republic News Agency confirmed today what we’ve suspected all spring: Neither LML nor Bajaj exported a single motorscooter in the first quarter of 2006. Bajaj, of course, has been focusing on motorcycles and three-wheelers, and doing rather well on those fronts, but LML’s labor issues have brought their production to a total standstill. … Continue reading ““LML failed to get any number””