The future of US Highland, an upstart American off-road motorcycle manufacturer, is now facing an uncertain situation, after the deaths of company President Mats Malmberg, Chief Operating Officer Chase Bales and Chief Financial Officer Damian Riddoch, in a plane crash near Tulsa, Oklahoma, late Saturday, July 10.
The three men were returning to their Tulsa-area homes from a business meeting in Detroit. Bales was piloting the private plane, a twin-engine Cessna 421, at the time of the crash.
The plane crash-landed in a densely wooded area less than a mile north of the airport. They were pronounced dead at the scene. The reason investigated was due to the the plane running low on fuel.
U.S. Highland had just recently completed construction of a new motorcycle factory in Mounds, Oklahoma, and was starting production of its first customer bikes with deliveries scheduled for August - the 1050cc Viking streetfighter & 950cc Desert X enduro.
The company has the 30-plus employees currently working at the main U.S. Highland facility in Tulsa. The company's stock value fell by 44 percent in over-the-counter trading on the news of the crash.
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