Harley-Davidson on Tuesday revealed gloomy sales ahead after soft results last year, due to weakness in the American market. The chief of the iconic motorcycle brand said he hopes to turn the company’s fortunes around by drawing in new, younger, fans, and introducing dozens of new models. Net profit for 2016 fell eight percent to $692.1 million, as motorcycle sales dropped nearly two percent, faltering especially hard in the fourth…
Read MoreCraigslist Motorcycle Thief Turns Himself In
A man suspected of stealing ATVs and motorcycles from unsuspecting Craigslist sellers in Indian Orchard has turned himself in to police. Joseph Velez turned himself in following numerous tips, many of them generated when his mugshot was displayed on the department’s Facebook page last week, Sgt. John Delaney said. Velez — described by Delaney as one of the department’s “most wanted” — is also a suspect in numerous vehicle break-ins…
Read MoreAlta Motors Electric RedShift Motorcycle
The electric revolution is fast catching up with numerous motorcycle manufacturers. We are already aware of the development in the four-wheeler space with the likes of Tesla and Faraday. The two-wheeler segment too is fast catching up. Alta Motors, a small electric motorcycle start-up, has unveiled an exciting-looking electric street legal motorcycle. The San Francisco based start-up had raised $17 million, and the investors include Tesla founders Marc Tarpenning and Martin…
Read MoreErik Buell Racing Motorcycles Closes, Again
Erik Buell Racing (EBR) Motorcycles, an East Troy bike manufacturer that, a year ago, went through a restructuring similar to bankruptcy, is shutting down…again. The company, which is the sequel to the Buell Motorcycle Co. that Harley-Davidson Inc. owned for more than a decade, says it will begin a wind down of production operations next week. EBR says it will continue to review strategic alternatives with interested investors. The East…
Read More1300 Vintage Bikes at Las Vegas Auctions
The world’s largest antique and vintage motorcycle auction convenes today in Las Vegas, as the first gavels fall on the 26th annual Mecum Las Vegas Motorcycle Auction. The four-day sale is likely to be a record-setter. Last year’s three-day Mecum event, which saw an 80% sell-through rate on the 646 bikes offered, generated $9 million in total sales. This year’s offerings total more than 1,000 bikes. The event will be…
Read MoreDenver Police Seize & Destroy Motorcycle
According to a report in the Denver Post, a 2007 Honda CBR seized by police through the civil public nuisance abatement process was destroyed today. On July 24, the rider had participated in a rally on Interstate 25, in which hundreds of motorcyclists “created a serious safety hazard by completely blocking the flow of traffic,” according to a news release from the police. The rider, who was not identified, “faces…
Read More4 Bikes Stolen in Motorcycle Dealership Theft
Authorities said they arrested three suspects who lead them on a chase from La Habra to Watts in a U-Haul carrying 4 stolen dirt bikes early Tuesday morning. Police said the theft started at about 1 a.m at the Moto United motorcycle dealership in La Habra. There were four suspects involved with two cars, a Buick La Cross being used as a lookout vehicle while the U-Haul was used to…
Read MoreUSTR Proposes 100% Tax on Imported Bikes
Motorcycles and Bikes with 500 cc or smaller engines are caught in the crossfire of an international trade policy standoff, which could see their prices double due to a newly proposed tax. The dispute, which involves the Office of United States Trade Representative and European Union, stems from ongoing disagreements over meat products. During the late Nineties, the World Trade Organization requested the E.U. lift its standing ban on U.S.…
Read MorePolaris Donates Engines to Technical College
New Richmond’s Power Sports program recently received two brand new Indian Scout motorcycle engines to use as teaching tools from Polaris in Osceola. According to Wisconsin Indianhead Technical College Instructor Dave Brown, the engines offer an excellent opportunity to show others what they’ll learn in his program. It also aids in classroom demonstrations and discussions. “I plan to partially disassemble one of the engines allowing learners to see the internal…
Read MoreMV Agusta to Relaunch in North America
MV AGUSTA Motor S.p.A. and Urban Moto Group Pty Ltd signed an agreement related to the development of the US market. The partnership aims to create a new brand strategy in the US, in order to reinforce and consolidate the brand in a Country which is part of MV Agusta future strategy. MV AGUSTA USA LLC, the current vehicle for the sales of MV Agusta motorcycles in the US market,…
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