MZ Motorcycles (Motorcycle Works Zschopau), the long standing but now long troubled motorcycle manufacturer from East Germany will be closing its doors at the end of this year. Hong Leong Industries, which has owned the company since 1996 has been incurring losses on the MZ operation since that time. According to the Freie Presse newspaper from the nearby city of Chemnitz, MZ will shut down December 31st.
MZ stopped selling in the U.S. several years ago and will now close its doors entirely.
The closure had been widely anticipated, as this is the date when subsidies from the state of Saxony end. Some 40 workers at the concern are set to lose their jobs.