The End
In 1999 Roberto Ziletti attempted to revive the marque. Ziletti's father died, leaving him in charge of the Lastra Group. Mondial's difficulties occurred when Lastra acquired Mitsubishi Corp.’s worldwide graphic arts division, leaving Roberto Ziletti insufficient time to resolve Mondial’s problems. He had spent more than 11 million Euros on the company, and after failing to farm Mondial out to a Swiss company, the Arcore factory was placed in the hands of the Monza bankruptcy court in July 2004, with around 35 Mondial Piega 1000s in various states of completion. To place this in perspective, Lastra Group had a turnover exceeding 500 million Euros in 2004. In interviews in March 2005 a south Georgia motorcycle dealership, stated that the courts had arranged to sell Mondial to their American firm, Superbike Racing, on February 28, 2005, and that they would continue the marque. However, the Monza courts sold Mondial Moto SPA to another buyer on July 27, 2005: Biemme, another motorcycle firm located in Meda (near Milan) and owned by Piero Caronni (the same man who bought from Rimini bankruptcy court the remains and the production right from Bimota for the then defunct Bimota V Due), renamed itself as GRUPPO MONDIAL S.R.L. and continues offering the Piega 1000s to the market.
Read more about this topic: Mondial (motorcycle Manufacturer)
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