Founded in Springfield, Mass., in 1901, Indian was once a rival to American icon Harley-Davidson. It lasted more than 50 years, and first went out of business in 1953. This time, it lasted five.
On Friday, Indian closed the factory in Gilroy where it made heavyweight cruisers and other motorcycles, telling its 380 employees that a deal with a new investor had fallen through.
The closing ends another chapter in the storied history of Indian Motorcycle.
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