Arctic Cat Preps $20 Million Stock Buy-Back
October 31, 2006
Arctic Cat, Inc. may repurchase up to $20 million of its stock under a plan approved by the company’s board of directors. This new authorization is in addition to approximately $6.8 million remaining under Arctic Cat’s previous share repurchase program. Arctic Cat has approximately 19.3 million... Read more »
Asian Cycle Organizations Meet in Japan
October 31, 2006
Sixty-one members of the Federation of Asian Motorcycle Industries (FAMI) recently convened in Sapporo City, Japan, to discuss the global motorcycle industry and confirm the organization’s plans for the coming year. FAMI member associations include the Indonesian Motorcycle Industry Association... Read more »
Production Falls 9.2% in Japan
October 31, 2006
Motorcycle production by Japan’s four main manufacturers fell in September after two months of upturn. Honda, Kawasaki, Suzuki and Yamaha produced 153,104 units in during the month, down 9.2 percent from 168,657 units produced in September 2005, according to the Japan Automobile Manufacturers Association... Read more »
AMA Staffer Elected to FIM Women in Motorcycling Committee
October 31, 2006
American Motorcyclist Association staff member Sue Mason has been elected as a Vice President of the Commission Femmes et Motocyclisme (Commission for Women in Motorcycling) of the Fédération Internationale de Motocyclisme (FIM), the international governing body for motorcycle sport and touring. Mason,... Read more »
Honda Sponsors BooKoo Arenacross Series
October 31, 2006
American Honda is a title sponsor of Mike Kidd Entertainment Group’s (MKEG) BooKoo Arenacross Championship Series opening November 3-5 in Fresno, Calif. and concluding February 9-11 at the U.S. Open of Arenacross in Uncasville, Conn. This year’s 10 race BooKoo Arenacross Championship Series... Read more »
San Jose BMW Wins Inaugural 8 Hours At Daytona
October 31, 2006
San Jose BMW’s race team made history at Daytona International Speedway October 21 by winning the inaugural 8 Hours At Daytona, the first event in the new SunTrust MOTO-ST (Moto Sport Twins) Series. Riding a BMW R1200, Brian Parriott, Calistoga, Calif., Belgian Stephane Mertens and Nate Kern of... Read more »
Honda Sales Up 13.7% in 1st Half
October 27, 2006
Japan’s Honda Motor Co., Ltd. said consolidated net income for the first half of the year ended September 30 was 271.3 billion yen, up 11 percent compared to the same six months last year. Revenue was 5.230 trillion yen, up 13.7 percent. Honda said increased profit from higher revenue and the positive... Read more »
Yamaha Posts Record Profits
October 27, 2006
Yamaha Motor Company posted net income of 59.6 billion yen for the nine months ended September 30, up 11.3 percent compared net income of 53.6 billion yen during same nine months in 2005. Net sales for the recently ended nine-month period totaled 1.175 trillion yen, up 17.4 percent from net sales of... Read more »
Sabelli Resigns as CEO of Piaggio
October 27, 2006
Rocco Sabelli has resigned from his position as chief executive officer of Piaggio & C. SpA and will be replaced by chairman Roberto Colaninno. Piaggio’s Board of Directors will vote on Colaninno’s appointment at a Nov. 13 meeting. Colaninno and Sabelli worked together since founding... Read more »
AMA ‘Justice for All’ Rolls into California
October 27, 2006
California has enacted a law supporting the goals of the American Motorcyclist Association’s “Justice for All” campaign. California SB-1021, which was signed into law by Governor Arnold Schwarzenegger, imposes additional fines when a motorist is convicted of a traffic offense that causes... Read more »
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