Garelli owner submits bid for Moto Morini
Brother of Italian PM bids 2.9M euro
Italian publication Motociclismo reports Paolo Berlusconi, who also owns Garelli Motorcycles, has submitted a bid worth 2.9 million euro (US$3.9M) for Moto Morini which declared bankruptcy in September 2009. A consortium of businessmen led by a German Moto Morini dealer has also reportedly entered.
Moto Morini introduced its updated Granpasso 1200 enduro motorcycle in October 2009 but the company ceased production in December.