Yamaha Motor Corp. reports record sales and net income
July 31, 2007
Two U.S. powersports segments — PWC and side-by-sides — were named by Yamaha Motor Corp. as two reasons why the company posted first-half records for revenue and profit. Yamaha said it has had “favorable” sales of PWC and “significant sales expansion” of side-by-sides in the United States... Read more »
Harley-Davidson reaches new 5-year labor agreement for its Kansas City plant
July 31, 2007
The International Association of Machinists and Aerospace Workers (IAM), the United Steelworkers (USW) and Harley-Davidson have reached a new five-year collective bargaining agreement, which will go in effect Aug. 1. It will cover unionized employees at the company’s Vehicle and Powertrain Operations... Read more »
Japanese production, exports nearly even with 2006
July 31, 2007
The Japanese Automobile Manufacturers Association (JAMA) reported July 30 that motorcycle production among its members for the first half of 2007 was down 1 percent compared to 2006 and exports were up 0.1 percent. Motorcycle production for the first half of 2007 was 869,211 units, which is a decrease... Read more »
Piaggio sales up 7.2 percent
July 31, 2007
Piaggio SpA sales topped $1.3 billion for the first half of 2007, marking a 7.2 percent increase over the same period in 2006, Chairman and CEO Roberto Colaninno said in a press release July 25. The company’s net financial position for the first half, ended June 30, was $384 million, down from $436... Read more »
Manheim acquires motorcycle marketing firm
July 31, 2007
Auction company Manheim has acquired NXGN, a U.K.-based online motorcycle marketing solutions provider for manufacturers such as Yamaha, Suzuki and Kawasaki, Motor Trader said in a report July 31. The acquisition, which was secured for an undisclosed sum, will see NXGN integrated into Manheim’s subsidiary... Read more »
Honda’s North American cycle sales off sharply in its first quarter
July 27, 2007
Honda Motor Co.’s North American motorcycle sales plunged 17 percent in its first quarter compared to the year-ago period, according to the company’s financial report. Honda sold 44,000 motorcycles in North America in its first quarter, a period that ended June 30. In 2006, it sold 53,000 new bikes... Read more »
Arctic Cat reports decreased earnings
July 27, 2007
A planned reduction in snowmobile production and a shift in the timing of ATV shipments led to reduced first-quarter earnings for Arctic Cat. The Thief River Falls, Minn.-manufacturer reported a 9 percent drop in first-quarter sales to $87.9 million and a net loss of $7.2 million. “Our results were... Read more »
S&S Cycle Inc. acquires Flathead Power’s assets and trade-name
July 27, 2007
S&S Cycle Inc.’s research into ways to expand its product line paid off recently with the acquisition of Flathead Power. Flathead Power and S&S closed the deal Wednesday, July 25, according to a S&S press release. S&S President Brett Smith said he’s looking forward to the opportunities... Read more »
ADP Lightspeed, Snap-on Business Solutions announce new interface
July 27, 2007
Snap-on Business Solutions (SBS), a division of Snap-on Inc., and ADP Lightspeed, a business unit of ADP Inc., announced that PartsManager Pro (Parts & Accessories) is now available to Lightspeed customers, according to a press release. The new interface allows dealers to view quantities and pricing... Read more »
Piaggio developing hybrid scooter
July 27, 2007
A hybrid-powered scooter is in the works at Piaggio SpA, Chairman Roberto Colaninno said at a press conference and Thomson Financial reported July 25. The company plans to launch the traditional gas- and alternative electric-powered scooters in congested citied in the second half of next year. The hybrid... Read more »
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