Copyright 2003, Roadracing World Publishing, Inc.

Indian Motorcycle Company closed the doors to its Gilroy, California factory Friday, September 20, ceasing operations of the 102-year-old motorcycle manufacturer, according to a report appearing in the San Jose Mercury News.

The company, which produces heavyweight cruisers, was enjoying record sales in recent months, was scheduled to introduce its 2004 model line-up to dealers, and was close to a deal that would have injected the company with fresh capital. But when that investment deal fell through, according to the report, Indian was forced to shut down operations, leaving 380 employees without jobs.

Read the full story at…

http://www.bayarea.com/mld/mercurynews/business/6818690.htm