Italian Husqvarna plant shuts down
May 7, 2013
New Husqvarna owner Pierer Industries AG, a company owned by KTM CEO Stefan Pierer, has shuttered Husqvarna’s production facility in Varese, Italy. Autoevolution.com reported that Husqvarna’s production will move to one of KTM’s plants in Austria. To read more from Autoevolution.com, click here.
Kawasaki names ex-auto exec new chief marketing and sales officer
May 2, 2013
News release Kawasaki Motors Corp., U.S.A. (KMC) today announced the hiring of Richard N. Beattie, an experienced automotive industry executive, to the new position of Chief Marketing and Sales Officer, reporting directly to Tak Teranishi, KMC President. Beattie will be responsible for marketing, sales,... Read more »
MIC reports dip in Q1 motorcycle sales
May 2, 2013
With OEM fiscal reports and the RBC Capital/Powersports Business dealer survey reporting a slump in first quarter motorcycle sales, it’s no surprise that the Motorcycle Industry Council delivered the same news. Through March, total motorcycle sales, including ATVs, were down 13.3 percent. Off-highway... Read more »
Spader dealers report higher sales and profits in first two months
May 2, 2013
The latest industry composites provided to Powersports Business from Spader Business Management show that Spader dealers reported higher sales and profits during the first two months of the year, compared to the first two months of 2012. Considering year-to-date dollars in February, company sales increased... Read more »
Royal Enfield capacity set for 175,000 bikes in 2013
May 2, 2013
Royal Enfield on Tuesday started commercial production from its new $2.1 million manufacturing facility in Oragadam, India, giving the Eicher Motors-owned brand a production capacity of 175,000 bikes for 2013. The plant is spread over 50 acres, and will begin with a production capacity of 150,000 in... Read more »
Metric production, exports dip as EU woes continue
May 2, 2013
Economic turmoil in the EU resulted in lower demand for motorcycles in March, causing exports from Japan’s Big Four to drop almost 20 percent year-over-year during the month, according to the latest figures from the Japanese automotive group. A 20 percent drop in exports and production in March continued... Read more »
RBC: ‘No major surprises’ in Harley’s Q1 report
April 30, 2013
Harley-Davidson’s first quarter results were close to what was expected from RBC analysts and Wall Street consensus, RBC Capital Markets analyst Edward Aaron reported. “With earnings in line and guidance unchanged, there were no major surprises in Q1. Retail sales will be viewed as a small negative,... Read more »
New headquarters location for Zero Motorcycles
April 30, 2013
News release Zero Motorcycles, the global leader in the electric motorcycle industry, announces they have recently moved their corporate headquarters and manufacturing facility to a new location in Scotts Valley, Calif. The new 47,000 sq. ft. facility is almost 26 percent larger than Zero Motorcycles’... Read more »
Mystik Lubricants returns for Terracross Championship sponsorship
April 30, 2013
News release Mystik Lubricants recently renewed its title sponsorship of the Terracross Championship series, providing a unique opportunity to showcase the Mystik product line. Now known as the Mystik Lubricants Terracross Championship (MLTC), the 2013 season consists of three race events. The first... Read more »
Harley-Davidson dealership in Oklahoma under new ownership
April 30, 2013
Mat Ratliff has become the new owner of Lawton’s Harley-Davidson in Lawton, Okla., renaming it Wind River Harley-Davidson and pointing it in a new direction. Ratliff, who retained ownership of the store on March 25, has worked to give the store a fresh appearance and a renewed commitment to customer... Read more »
