Yamaha Motor Co. Lowers Profit Forecast

Yamaha Motorcycle Logo

Blaming financial conditions in the United States as well as high crude oil and raw material prices, Yamaha Motor Co. Ltd. ,who is the world’s second largest motorcycle manufacturer, has revised its forecast financial results for fiscal 2008.

Yamaha officials say “business conditions surrounding the Yamaha Motor group remain worrisome… In this environment, demand for motorcycles in Japan and Europe is projected to decrease in 2008, while in North America the demand is forecast to remain about the same as 2007.” Read more »

Harley-Davidson to Acquire MV Agusta

MV Agusta B910rHARLEY-DAVIDSON EXPANDING PRESENCE IN EUROPE – Italian Company Known for Premium, High-Performance Motorcycles

Milwaukee, Wis., July 11, 2008 – Harley-Davidson, Inc. (NYSE: HOG) today announced the signing of a definitive agreement to purchase the Italian motorcycle maker MV Agusta Group (MVAG). Under the agreement, Harley-Davidson will acquire 100 percent of MV Agusta Group shares for total consideration of approximately 70 million euros ($109 million), which includes the satisfaction of existing bank debt for approximately 45 million euros ($70 million). Read more »

BMW Announces Military Motorcycle Purchase Program

bmw logo“In appreciation for the commitment and sacrifice of our men and women serving in the US armed forces, BMW Motorrad USA is pleased to announce a special motorcycle purchase program for all active members of the US armed forces, to enable them to purchase the BMW motorcycle of their choice for personal use”. The program ends December 31st, 2008. Read more »

New Chiefs Are On The Way!

Indian Chief DeluxeThe 2009 Indian Chiefs are on the way! According to the company web site, the 2009 Chiefs will be introduced by Christmas 2008, if not sooner. Read more »

Bajaj -TVS Patent Dispute Continues

TVS Flame MotorcycleChennai, India – The Madras High Court has granted an interim injunction restraining TVS Motor Company from manufacturing, marketing, or selling its new bike the “TVS Flame 125”. Read more »

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