 After facing a series of financial problems, stemming from pensions issues relating to the Hercules bicycle works, the company went into insolvency proceedings and ultimately saw a successful management buyout led by the managing director Corrado Savazzi.At this time Sachs was reduced to local assembly of small, cheap, Chinese-sourced scooters, which weren't doing well.The distinctive Sachs MadAss was the only Sachs-engineered motorcycle made at the time.