Proton to Sell MV Agusta for $1.19
December 30, 2005
Malaysia’s Proton Holdings Bhd. plans to sell its 57.8% stake in MV Agusta Motor SpA to Italian investment company Gevi SpA for one Euro ($1.19). Gevi will assume MV Agusta’s $126.8 million debt and $38.5 million working capital requirements, Proton officials said in a prepared statement. Proton,... Read more »
Otis Hackett Group, NCM Announce Alliance
December 30, 2005
Powersports consulting firm Otis Hackett Group, Inc. (OHG) has teamed with NCM Associates, Inc., a 20 Group facilitator in the automotive industry, to provide 20 Group services to powersports dealers. OHG, LaPorte, Ind., offers a variety of specialized training services, including regional sales and... Read more »
Texas Attorney General: Poker Runs Illegal
December 30, 2005
In an opinion shared December 27, Texas Attorney General Greg Abbot says “poker runs” held by motorcycle clubs for charity are considered illegal gambling. The attorney general said the events are similar to a lottery, and said the law also considers any organization that keeps part of the proceeds... Read more »
Piaggio Signs $295 Million Finance Deal
December 30, 2005
Piaggio & C. S.p.A. has entered into a seven-year financing agreement for Euro 250 million ($294.98 million) with Italian creditors Banca Intesa and Mediobanca. Piaggio’s Board of Directors approved the deal December 15. Tapped to help repay existing borrowings and lines of credit totaling... Read more »
Norton Taking Orders for 2007 Commando
December 30, 2005
Norton Motorsports, Inc., Gladstone, Ore., has been focused on the design and development of a new Norton Commando for more than two years. Bruce Murdock, president and CEO, says the company now is taking deposits for a production model scheduled for release in 2007. “We have struggled as we continue... Read more »
Honda, Suzuki Lead Japan’s November Cycle Production
December 27, 2005
Japan’s motorcycle manufacturers produced 166,626 units in November, up 1,136 units or 0.7% compared to the 165,480 units produced during the same period last year, according to the Japan Automobile Manufacturers Association (JAMA). JAMA said Honda produced 53,607 units, up from 44,715; Kawasaki... Read more »
Joe Rocket Counterfeiters Busted
December 27, 2005
U.S. Marshals, attorneys, a locksmith and a representative of the Joe Rocket apparel brand recently converged on a San Diego storage facility and seized counterfeit products. The raid stemmed from a federal lawsuit that Randy Robison, president of Robison’s Inc., filed against suspected counterfeiters... Read more »
Big Dog Motorcycles Claims Victory in Trademark Dispute
December 27, 2005
Big Dog Motorcycles, LLC, is claiming an initial victory in a trademark dispute with Big Dog Holdings, LLC, a company that designs, develops and retails T-shirts and other clothing with graphic designs usually featuring a dog. Judge John W. Lungstrum of the U.S. District Court for the District of Kansas... Read more »
Court Rules Against Trail Grooming
December 27, 2005
On Dec. 20, the U.S. District Court for the Eastern District of Washington issued an order limiting snowmobile trail grooming in the Idaho Panhandle National Forest. The order was the result of a preliminary injunction in a lawsuit filed by local and national organizations invoking the Endangered Species... Read more »
Group Sues Against State Park Closure
December 27, 2005
On Nov. 16, EcoLogic Partners, Inc., a non-profit corporation that involves itself in controversial land-use matters in the western United States, filed suit in San Diego County Superior Court against the California Department of Parks and Recreation, alleging that a 3.1-mile segment of Coyote Canyon... Read more »
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