Honda Cycle Sales Dip 2% in 2005
April 28, 2006
Japan’s Honda Motor Co. said automobile sales in North America, a weaker yen, and cost-cutting efforts made up for lackluster motorcycle sales for the company’s year ended March 31, 2006. Honda’s fourth quarter sales were Y2.834 trillion ($24.7 billion), an increase of 20.6 percent... Read more »
Yamaha 1Q Cycle Sales Up 31.4%
April 28, 2006
Yamaha Motor Co. Ltd. says an attractive exchange rate, increased motorcycle sales in Asia, and brisk sales of all-terrain vehicles (ATVs) in the United States combined to create a record net profit for the company’s first quarter ended March 31. Yamaha first quarter net income was Y28.1 billion... Read more »
BRP Rebounds Despite Lower Sales
April 28, 2006
Privately-held Bombardier Recreational Products Inc. (BRP) gained profitability in its year-ended January 31, 2006, rebounding on a favorable product mix and cost-cutting efforts. BRP said net income for its fourth quarter ended January 31, was C$16.2 million, up from a net loss of C$23.9 million for... Read more »
Custom Chrome Downsizes Distribution Centers
April 28, 2006
Custom Chrome, Inc. plans to consolidate its current network of six distribution centers to three facilities in an effort to dramatically improve fill rates and service for its dealers, company officials announced. Custom Chrome says the move is one part in a series of strategic actions designed to reduce... Read more »
Arctic Cat Recalls More Than 40,000 Sleds
April 28, 2006
Arctic Cat Inc. has recalled about 41,000 snowmobiles because of fuel tanks that could crack and leak, allowing fuel or fuel vapors to escape, posing a fire and burn hazard. Minnesota-based Arctic Cat has received 217 warranty claims related to two issues surrounding possible fuel leakage from fuel tanks,... Read more »
New CEO at Triumph America
April 25, 2006
Triumph Motorcycles (America) Ltd. has appointed Mark Kennedy as CEO, responsible for the manufacturer’s operations in the U.S. and Canada as of July 1. Kennedy replaces Mark Brady, who recently left after 15 years with the firm. Serving the United States, Canada and Latin America, Georgia-based... Read more »
H-D, S&S Reach Resolution
April 25, 2006
Harley-Davidson Motor Company Group, Inc. and S&S Cycle, Inc. say they have resolved litigation between the two companies which had been pending in the United States District Court for the Eastern District of Wisconsin. In March 2005, Harley-Davidson filed a complaint against S&S alleging various... Read more »
Ducati Announces Three-year Plan
April 25, 2006
Ducati Motor Holding S.p.A., recently revealed details of a three-year plan to “re-launch” the brand. The move comes in the wake of a downturn in business, the installment of a new majority owner and a new Board of Directors. “A better revenue mix and the implementation of efficiency measures –... Read more »
Christini AWD Taps $3 Million in Funding
April 25, 2006
Christini Technologies Inc., a pioneer in the design and development of proprietary all-wheel drive systems for motorcycles and bicycles, recently obtained $3 million through a round of equity financing led by Matthew Trattner, President of Tradewise LLC, a group of Wall Street investors including Vincent... Read more »
Cape Breton TT Festival of Speed Takes Next Step
April 25, 2006
Planning continues for the Cape Breton TT Festival of Speed, an open road race scheduled to take place on an island off the northeast coast of Nova Scotia in September. The four-day Festival of Speed is being conducted in association with organizers of the Isle of Man TT, a legendary competition first... Read more »
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