, Inc. (LTI) once the self-proclaimed “Leader of the Three World,” is looking for a financial lifeline. Lehman reports its Board of Directors is considering a range of options to “enhance shareholder value.” Options listed include cost saving initiatives, a strategic business merger or even the outright sale of the company.
“In light of the challenging economic environment and current market conditions, the Board has determined to look more closely at a range of alternatives,” Ken Hines, President, said in company PR. “It is expected
Lehman Trikes' Board of Directors stated it is looking at several cost saving initiatives, including taking on a business partner or selling the company.
that these efforts will transition the company to take advantage of opportunities with well-known industry participants.”
LTI reportedly has an investment firm considering investing in the company after a full review of operations. The review period comes during Lehman’s slower production months, but Lehman stated it intends on continuing limited operations during that time.
Lehman, based out of Spearfish, South Dakota, has been in business for over 25 years under the guidance of founder John Lehman. LTI has worked closely with OEMs to produce trikes which meet standards established by the manufacturers, both in styling and performance. They currently offer trike conversions for Harley-Davidson, Honda, Kawasaki, Suzuki, and Victory models. Their trikes utilize factory components from the original motorcycle. It has developed a reputation for its “No-Lean” suspension, a proprietary system designed to minimize flex in the swingarm and rear-end.
Lehman did state though that “there is no assurance that any transaction will be completed.”