Brammo signs United Kingdom distribution deal

Electric motorcyle maker Brammo, which has relocated to Talent from Ashland, has inked a distribution deal in the United Kingdom with Green Automotive Co.,

Green Automotive, located in Southall, Middlesex on London’s western fringe, said it’s GoinGreen subsidiary has signed an exclusive distribution agreement with Brammo, whose Enertia and Empulse R are in Europe and Asia as well as North America.

“Sales of e-scooters and e-motorcycles have shown consistent growth over the last few years,” said Ian Hobday, CEO of Green Automotive said in a statement. “Pike Research forecasts that annual sales of e-motorcycles and e-scooters will reach 18.6 million by 2018 worldwide. GoinGreen will be the only ones selling the stylish electric motorcycle in the UK. We strongly believe that thanks to our EV experience, we are able to replicate the success Brammo is encountering in the US market.”

GoinGreen markets an electric urban city car called the Mia, as well as electric bicycles. The addition of Brammo plays into its strategy to become the one-stop shop for all electric transport.

Brammo chief executive officer and founder Craig Bramscher cited GoinGreen’s customer service record in making the deal.

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A bit more on Ashland vodka and gin maker Organic Nation, which is closing.

President Diane Paulson plans to sell the brand name, which has value due to the products’ track record in competitions.

“It won’t be another small distillery like ours, it will be a bigger one,” she said.

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This came from People’s Bank of Commerce CFO Russ Mulburn after deadline on Thursday, nonetheless it adds insight to modestly profitable operations at the only bank based in Jackson County.

“If we had not done the capital offering we would have simply had 500,000 less shares on the books,” Milburn said. “The quarterly earnings per share would have been 23 cents instead of 17 cents and the annual earnings per share would have been 68 cents instead of 57 cents. There was some additional stock activity earlier in the year including our stock dividend  that added around 60 thousand shares. Those also lowered the annual earnings per share.”

The bank’s assets grew 25 percent in 2013, but had the new capital not been raised through new shares, growth would have been inhibited.

“How do does a bank slow down growth?” Milburn said. “Higher fees, lower deposit interest rates and higher loan rates. Neither the consumer nor the banker wants that.”

The opening of a branch in Grants Pass last November weighed heavily against more earnings, he said.

“Our growth over the last three years has far outpaced banks in Oregon and banks our size across the nation,” Milburn said. “We attribute this to the shuffle we have seen in our local market.”

 

 

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    Greg Stiles

    Covering the Southern Oregon business and economy since 2001. Read Full
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