MIC Conference Looks to the Future
December 29, 2004
Key speakers at the day-long session in Tustin, Calif., included: - Esmael Adibi, PhD., director of the A. Gary Anderson Center for Economic Research at Chapman University, who discussed the national and regional economic outlook. - Stephen M. Kinney, partner in Public Opinion Strategies, who analyzed... Read more »
Cross Holding Now Holds 89.2% of KTM
December 28, 2004
Austrian industrial investment company Cross Holding AG says it has acquired 48.9% interest in Austrian motorcycle manufacturer KTM. The company, which purchased the stock from British venture capital company BC Partners, now owns 89.2% of the manufacturer. KTM CEOs Stefan Pierer and Rudolf Knuenz have... Read more »
Edelbrock Going Private
December 28, 2004
Edelbrock Corporation stockholders last week approved the proposed merger of the company with a subsidiary of a corporation controlled by O. Victor Edelbrock Jr. and his affiliates. O. Victor Edelbrock Jr. is Edelbrock’s Chairman, President and Chief Executive Officer. As a result of the merger,... Read more »
Japan Boosts Cycle Production in November
December 28, 2004
Japan produced 196,180 two-wheelers during November 2004, up 51,247 units or 35.4% compared to the 144,933 units produced in November 2003, according to the Japan Automobile Manufacturers Association (JAMA). Yamaha produced 85,413 units during November, Honda produced 44,715, Suzuki produced 41,769,... Read more »
N.H. Mulls Request for Updated Noise Standards
December 28, 2004
The New Hampshire Legislature is scheduled to vote on a bill to revise the standards for testing motorcycle sound levels. If approved, the resulting law would prohibit motorcycles from generating a noise level measured at greater than 110 decibels. It would ban “straight-pipe” exhaust systems,... Read more »
Honda Wins “Hongda” Suit
December 28, 2004
A Beijing court has ordered a Chinese motorcycle manufacturer to pay 1.47 million yuan – approximately $177,607 – in damages to Japan’s Honda Motor Co. for placing “Hongda” logos on its product. Chongqing Lifan Industry Group is the fourth largest cycle producer in China and reportedly... Read more »
Dec. 27, 2004 – Who’s Going to be on Your Bus in 2005?
December 27, 2004
It’s that time of year again! Time to gear up recruitment for an explosive Powersports season! The employee selection decision is one of the most important decisions you can make for your business. REMEMBER, Your dealership will NEVER be better than the team you have loaded on “your bus.” As we... Read more »
Dec. 27, 2004 – Bees and Drones, Who’s Working and Who’s taking Up Shelf Space?
December 27, 2004
We now know that the top one percent of your part numbers produce 34% of your total sales — the Doo-Bees. And the bottom seventy percent of your part numbers — the Drones — produce only 5% of your total sales! I looked at 160,000 part numbers that created $450 million in sales at six different... Read more »
Dec. 27, 2004 – Distributor Report
December 27, 2004
HONDA AWARDS NATIONAL CYCLE National Cycle, Inc., Maywood, Ill., was the recipient of a Honda INNOVATION Award, presented by Honda Access America, Inc. (HAA) at a ceremony in Las Vegas on Nov. 2. The award was granted to National Cycle for its Quantum Coating windshield technology. The award ceremony... Read more »
Dec. 27, 2004 – Finance Digest
December 27, 2004
UTI Net Income Up 41% Universal Technical Institute, Inc. (NYSE: UTI), a provider of technical education training, announced net revenues for the year ended Sept. 30, 2004, of $255.1 million, a 29.9% increase from $196.5 million for the same period in the previous year. UTI’s net income for the year... Read more »
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