We pick up the story from the 1955-85 era web page after Floyd Clymer (who died in 1970) and his lawyer held the trade names and marks for use on their English and Italian made Indians (culminating in the stillborn Ducati Indiana prototype of 1975), the rights were licensed to a Taiwanese company to make mini-bikes. After some initial success production ceased and by the 1980's the trade mark had sort of gotten lost in the sense that many different people, mostly one-man restoration businesses, were using the mark. In a sense it had fallen into the public domain and there was no legal thread to follow. By the early 1990's with the heavyweight cruiser and touring market booming, several parties began disputing ownership of the names and logos. These legal battles took place in the USA and Canada. Some con-men and even the Cow Creek band of Umpqua Tribe aboriginals of Oregon claimed legal title (the first time Indians had gotten involved with Indian motorcycles.) At least three parties (the native Indians group plus two con men named Philip Zhangi and Wayne Baughman) smoked up "pipe dreams" of a new Chief, but these motorcycles never got beyond the prototype stage.
First photos show some of the IMMI Chiefs made in 1994. The photos below (courtesy of Canadian Biker and Classic Bike magazine)include a wooden mockup of the engine! Cynics called it "The Wooden Indian" and they were right!. I do like the look of the frame and fenders though (compare very wide rear fender on 1999-2003 Chief) and the rear chain was on the "correct" side. The other photos are later in time than the wooden mockup and are of real, running machines.

Viewer Jim Gallagher provided the following info on the 3 running Chiefs that were made. [Thanks, Jim.]
Although the engines are not refined, they did look good in person. Made about 75 HP. (torque about 100 ft. lbs. Between 2000 rpm and redline) They were prototype engines and gearboxes, so had their share of issues. But the exhaust note of the engine in the red bike @ 6,200 RPM sounded much like a small block Chevy sprint car engine ... quite a song !
OTHER SPECS:
Engine: Liquid cooled. 1657 cc's. Ignition : Dual Ignition Coils - Coil on
plug design (mounted in the cylinder head) - as on a 2000 Chevy Trail Blazer
Piston Bore : Big Block Chevy, I think the stroke was a little shorter though
Torque - about 55ft lbs from idle, 85 @ 1750 RPM, to about a peak of 107 ft
lbs (@ 6500 rpm?)
Gearbox - 4 speed
Clutch - Wet Clutch
Frame - 4130 Chromemoly
Weight - 755 lbs dry [about the same as other current big V-twins, so these
Chiefs aren't as heavy as their engines make them look]
Fuel : sequential port fuel injection (same basic system that powered Toyota
to the IMSA GTP Championship)
The suspension was basically a derivative design, using technology from the
suspension designers at Penske Racing (front shocks and springs) and the rear
mono shock was based on an old Norton racing bike. [impressive]
Next two images are of the Eller corporation's mockup of a Chief. (This was the group funded by the native Americans.) This is not a prototype motorycle, just a mockup, probably made of plastic, wood, fiberglass etc. Goofy forks are reminiscent of the ill-fated Excelsior-Henderson. Having the alternator where the old generator sprocket and pulley drive used to go is a great idea. Note the attempts to make the engine look like an old side-valved Chief even though OHC was intended. Sharp almost 90 degree edge of fenders is unlike old Indians which were C shaped. Too Harley-ish.
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Meanwhile the California Motorcycle Company with a long and good reputation for building imitation Harley-Davidson Evolution (TM reg.) type engines (but of larger displacement) and a Toronto Canada clothing and fashion company who'd been selling Indian logo's T-shirts etc., along with some other wealthy contenders to the intellectual property, formed a consortium and put their money ($30M to be exact) together and went into legal battle against the other claimants. A Colorado court appointed a receiver who decided the name and logo (intellectual property rights) should go to the group that had not just the most money but also the best prospects of making a real motorycle soon. Clearly the California-Canadian group had the money and had been building reliable engines and other components for years, so they won the legal battle. While some folks still argue the issue, the courts made it clear who is the "real" Indian motorcycle maker. The amalgamated group called itself Indian Motorcycle Corporation and produced a Chief in 1999. In 2000 a Scout model was addeed and in 2001 a Spirit was added to the line. In 2002 the Chief got a new engine (bigger, looking a lot less like a Harley Evo, and with the carb on the left side like and old Indian)and a primary case that looked a bit more like an old Chief and less like a current Harley big twin. In 2003 a Vintage version of the Chief was added, which looked more like the original 1950-53 Chiefs (perverserly though the fork shrouds were removed - duh!). However although every year the company sold a much larger number of bikes than the previous year, such that impressive growth existed, and even within the first six months Chief sales eclipsed the Polaris Victory (another wholly USA owned and made big twin). BUT the actual number of bikes was only about 10% of what had been expected and what was needed to make a profit. Production ceased suddenly in Sept. 2003, with the company having lost $150M and needing another $50 - $100M to keep going. In a little less than five years only 3,800 motorcycles had been sold, with another 2500 in dealerships but unsold to riders as of Sept. 2003. A handful of 2004 models were made before operations ceased. So for the second time in exactly fifty years Harley punched out Indian. (Image shows 1999 Chief with excessive chopper style rake of 36 degrees, later reduced.)
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Photos
below are of a Y2K and 2001 Chief. The yellow job on the left is owned by Rod
McAfee in McKinney Texas, He loves it and says its #1182 of 2000 made that year.
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Below is ad showing 2003 model line.
It should be added though that the 1999-2003 Indians (actually about 45 2004
models were also made) were not as reliable as Harley or any other large V-twin:
riders frequently email me complaining of mechanical, electrical and brake problems,
and every magazine road test found its Chief with a flaw (e.g. leaking rear
shock, leaking rear cylinder, chirping noise, gear shifting problems) and most
found the brakes were reminiscent of a 1966- 1971 era Harley (wooden and and
weak). Ironically, given the huge size and mass of sheet metal, handling (other
than braking) was always found to be good for a heavy cruiser, better than many
competitors. My own concerns about the 1999-2003 Chiefs were:
1) the fork rake was excessive (more like a chopper and the gap between fender
and down-tubes simply looked goofy), however it looked fine on the Scout models;
2) rear fender was way too fat (and covering the rear brake probably caused
it to overheat and fade under hard, repeated use);
3) the seat was all form and no function - thin, hard and stuck to the frame
like a home-made 1968 chopper;
4) there is an ugly cut away of the left front fender to clear the brake caliper,
again looking home-made and last-minute (compare elegant solution on Kawasaki
Drifter);
5) the front fender looks too narrow compared to the back (and vice versa).
The new Chief front fender could've been made fat to match the rear by having
the sides cover the lower fork legs and brake, which would also have solved
the problem of cutting out the fender to clear the brake, (louvers on front
fender like the Kaw Drifters would aid in cooling);
6) rear drive is on left side and should be on right side to match original
Indians (not to mention Sportster, V-Rod, Ducati, and 1990's to current Triumphs);
7) just like most Hawgs, the carb and air filter stuck out so much it forced
you to curve your leg around it so you could get a straight "shot" at the brake
or shifter and after a couple of hours you'd get painful cramps (like my 1980
FLT tortured me on a day long ride). I couldn't see paying $38000 (Canadian
price) for a bike with this major ergonomic flaw.
In my dreams I restyle the new Chiefs and add shaft drive (belts can snap from stones or lack of regular adjustment) and end up with a Kaw Drifter. So I finally tested one - a 1500 cc. version - circa 2003 and found it felt light despite all the bulk (fenders aren't metal so that reduces weight), handled OK for a cruiser (terrible turning radius though, almost dangerously wide - no U-turns on single lane roads are possible), was very smooth and surprisingly fast - found myself doing 165 kph (over 100 mph) with ease and still some twist left in the throttle. The Drifter was as reliable as a rock, so there was no feeling that this speed would cause a breakdown. Of course it had fuel injection, which helped a lot. The "acid test" was when I thought to myself "I could ride all day on this." So my heart went to the Indian but my brains and wallet to the Kawasaki. In 2005 I test rode a Kawaski 800 c.c. Drifter (the 1500's baby brother)and also found it a superb machine. (3 small photos below show red Drifter 800 and two blue Drifter 1500s)
It was really an extremely enjoyable ride except that on the highway the mill felt more like a 500 c.c. twin, i.e. buzzy and with very little reserve power, thus not suitable for touring or commuting on the expressway for more than half an hour. Also with the pseudo rigid rear frame and the rear fender swinging with the wheel you cannot mount saddlebags in the normal manner. However for anything less it was the best bike I have ever ridden and I wanted to ride it all day (so long as I did not have to go on expressways). I finally found out why the engine seems so small on the highway. (Normally an 800 c.c. twin would be peppy.) The bike, I since learned, weighs 600 pounds when full of oil and fuel! This is very heavy for an 800 c.c.chain drive motorcycle. The weight must be the liquid cooling and internal engine balancers. Handling was amazing for such a heavy bike with fat tires. Felt as light as a 420 pound British twin. This Kaw is arguably a true successor to the original Indian Scout. In comparison Kawasaki's 1600 Nomad felt like a whale, just too big and vague handling, with a very irritating huge gap beween 1st and 2nd gear, and a not very comfortable seating position. Unfortunately the Kaw 1500 Drifter ceased production with the 2004 model (same as Indian, but revived five years later) and the smaller 800 Drifter ended in 2005 in (except they lasted a year later in the USA - see http://www.vulcandrifterriders.com/historyp3.html).
Now getting back to the 1999- 2003 (actually 2004 if you count 43 bikes) range of Indian V-twin motorcycles, as can be seen from the ad showing the 2003 range, in addition to the Chief there was the Spirit and Scout.(A road test of the Scout is available at the sister site to this one; click on "to the Scout site" on the handlebar at top of screen.)
Indian had many models and names for them over the years, but the Spirit was brand new. As can be seen, the Spirit was basically a 1999 - 2003 Chief without the fender skirts and had a slightly less massive front end. The one below had optional patriotic tank painting.

Further Spirit specs were:
Displacement 88 Cubic inch (1442 cc) Bore/Stroke 3.625 in. x 4.25 in. Transmission
Constant Mesh, Foot Shift, 5-Speed Carburetor S&S E Type, 1 7/8 in bore / 47.6
mm Exhaust System 2 into 1 Primary Drive Chain Drive-Wet Clutch Final Drive
Aramid-reinforced Belt Dimensions & Weights Seat Height 28 in. / 711 mm Ground
Clearance 5.75 in. / 146 mm Wheelbase 67 in. / 1702 mm Overall Length 99.5 in.
/ 2527 mm Overall Width 43.5 in. / 1105 mm Rake 32deg. Trail 5.25 in. / 133.4
mm Fuel Capacity 4.75 gallon U.S. / 18 litres(1.75 quarts / 1.65 litres reserve)
Oil Capacity 3.0 quarts / 2.8 liters w/filter Dry Weight 620 lbs. / 282 kgs.
Wheels, Tires and Brakes Front Wheel 60 Spoke-Chrome, 3.5 in x 16 in Rear Wheel
60 Spoke Chrome, 3.5 in x 16 in Front Tire 130/90-16 67H Rear Tire 130/90-16
73H Front Brake 4-Piston Caliper, Billet Aluminum Rear Brake 4 Piston Caliper,
Billet Aluminum General Instruments Analog Speedometer with odometer, Proprietary
bezel with V-shaped Indicator lights layout. Seat: Indian. Frame: Indian. Front
Suspension: 41mm Hydraulic Dual-dampening conventional style Rear Suspension:
Nitrogen charged Hydraulic absorber with adjustable pre-load. Colors Black,
Medium Silver Deluxe Colors Black/Red, Black/Silver, Black/Cream, Red/Cream
The 2002 - current POWER PLUS Engine
The original Indian V-2 engine was called the Big Tiwn. It only had seven (7) horspower. The Power Plus engine came out in 1916, to replace it. It was a 42 degree V-twin side-valver and had the same displacement as the older mill (61 cubic inches or 1 liter i.e. 1000 cc's). The Power Plus was a "power minus" weakling by today's standards, making only 17 horsepower but that was more than double the Big Twin's. The Chief was a new model bike introduced in 1922 using the Power Plus mill. The mill was enlarged to 74 CID (1200 c.c) in 1923 and the bike was renamed the Big Chief. This lasted until the next boost in engine size (via stroking) to 80 CID (1300 c.c.) in 1950. That only lasted for 4 production years (thru 1953). All those earlier Chief mills were side valve or flat head. The revived "Gilroy" Chief of 1999 had 88 CID or 1470 cc. That Power Plus was a 45 degree V-twin valve-in-head (OHV), pushrod operated, still with two valves per cylinder and still with air cooling, and instead of twin cams it had a single camshaft like the 1936 H-D Knucklehead (and later Panhead,Shovelhead and Evolution engines). This required very long pushrods at awkward angles to the rockers, unlike the earlier flathead engines of Indian and Harley (and Sportster) that had the cams push straight up. Basically the 1999 on Powerplus is a 1936 Harley Knucklehead design, (although the rocker covers give it a Panhead style) but much larger. It was enlarged in 2002 to 100 CID or 1640 cc. for the Chiefs and left at 88 inches for the Scouts and Spirits. Effective 2009 it is sold by the current Indian (US) company with 105 CID (1,720 c.c.), making it one of the largest V-twin engines ever made, and with fuel injection. The Gilroy (1999-2003) series had a Mikuni carburetor on the left side.
Like all old American V-twins the 88, 100 and 105 inch Powerplus engines had a stroke longer than the bore which means lots of torque at low rpms for relaxed riding, and avoiding high rpms because they aren't available (and if they were the piston speed would be so high that destruction would occur). One reason Japanese sports bikes last is their stroke is so short they don't get up much piston speed, but of course this means you must use the high rpms to get any power, making for a relatively frantic riding experience more suitable to racing than legal speeds.
Below are two shots of the 2009 Chief taken directly from the website of the current Indian (US) company. The black one is a Chief Deluxe and the red and cream a Chief Vintage. They also have a standard and a Roadmaster which look a lot like the Spirit of a few years ago. (Basically same bikes as Chief but with semi instead of fully valanced fenders.) Visit that site www.indianmotorcycle.com for the latest news or to order your new Chief.

Following
are a few shots of a mildly customized 2002 Chief kindly sent in by owner Col.
Aaron Kenneston of Uncle Sam's army.
Here is a URL link to enjoy many more photos of Aaron's 2002 Chief. You can also see larger, sharper versions of the above photos there: link
The Indian Dakota is a "Four" (4 cylinders in-line or "straight 4") with shaft drive, 5 speeds, disk brakes and electric starting. This machine was designed in Sweden as the Viking (see first photo below) and later refined and put on sale in Britain as the Dakota by a former punk rock star and biker Alan Forbes (remaining photos). This modern reincarnation of the fabled Indian Four has a Volvo car based engine (converted to air cooling and with performance enhancements) and the shaft drive is BMW. Volvo is Swedish and original Indian designer Oscar Hedstrom was from Sweden too, so the loop closes. Production of the Dakota began circa Y2K. By "production" is meant built-to-order rather than mass-produced. The Dakota 4 received a very favorable road test review in Classic Bike magazine some years ago. It was available for sale in the USA (price about $30,000 which was low for a hand assembled machine)but I do not know if there are currently any Dakota dealers. It is a genuine Indian since it is a product of Indian Motorcycle Ltd., based in the UK (specifically Edinburgh, Scotland, Britain), which is a different entity than the Indian Motorcycle Company based in King's Mountain, North Carolina, USA (which is now producing the V-twins described above). The US company bought the intellectual property rights from the Gilroy company's bankruptcy trustee, but these rights do not apply to Britain. The URL of the British company is http://www.indian-uk.com Sadly there is only one dealership in the US right now. Let's hope Polaris gets involved and makes this officially a new Indian Four in the US.
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Here we see US Army Col. Kenneston touring London on an Indian Dakota 4 about eight years ago:
2011 / 2012 models below:

This site is not the official site of the makers of the current lines of Indian motorcycles, INDIAN MOTORCYCLE in Kings Mountain, North Carolina USA (V-twin) and INDIAN MOTORCYCLE LTD. of Edinburgh, Scotland (4 cylinder)