Tag: business

Ducati sold 55,451 motorcycles in 2016

Italian manufacturer sold almost exactly the same number of bikes in 2016 as they did in 2015. Ducati have announced their sales figures for 2016 and they show that the company had a pretty bumper 90th anniversary. Despite selling just 642 more bikes than in 2015, this upturn of 1.2% in sales for...

Victory Motorcycles is closing down

Polaris pull the plug on the entire range of Victory Motorcycles and their operations. Parent company Polaris – the same people who own Indian Motorcycles – have announced today that their cruiser brand, Victory, will no longer trade. The decision is effective immediately. In a statement released today,...

Triumph posts 90% rise in profits

British motorcycle manufacturer posts 90% rise and sales increase for 2016. It’s been a tough few years for businesses of all shapes and sizes. The motorcycle market was affected as much as most when the financial woes of the late noughties hit, and since then the currency, economic...

MV Agusta seal Malaysian distribution deal

Recently refinanced Italian firm, signs up Malaysian assembly and distribution deal. By now everyone should be familiar with the MV Agusta drama. But after a cash injection it’s looking like the Italian manufacturer is showing signs of immediately getting back onto its feet. At a signing ceremony last week...

New motorcycle market in the UK is growing!

Some good news for lovers of two-wheels within the UK as November 2016 saw over 7% growth from last year. It’s not all doom and gloom in the motorcycle market; finally subsidies on electric motorcycles are starting – despite the ULEZ trying to ban them from London – and...

Russian investment saves MV Agusta

Russian investment company Black Ocean Group bankrolls Italian manufacturer to secure its future. With a deal completed on 17th November, international investment company Black Ocean Group and MV Agusta have agreed upon a significant capital investment which should bring some stability back to the floundering motorcycle manufacturer after months...

Mahindra are bringing Jawa motorcycles back

Jawa will return to India after Mahindra licensing deal. Not content with the purchase of BSA earlier in the week, Mahindra and Mahindra have also announced that they’ve bought the rights to sell Jawa motorcycles in India. The licensing deal will see Mahindra – through their recently set-up...

Indian firm Mahindra has bought BSA motorcycles

British motorcycle brand purchased for £3.4 million. It was May when we first heard rumours that Mahindra were looking around for a classic British motorcycle marque. Back then it appeared that the search had become a two-brand race between the classic, but essentially dormant BSA brand or the slightly...

BMW Motorrad are hitting India hard for 2017

Official showrooms will begin setting up from next year. BMW Motorrad made its first official debut at the Auto Expo in India this year, where their motorcycles are currently imported by existing, BMW car dealers. Now with an announcement this week, the German motorcycle manufacturer has said that they’ll...

Harley-Davidson laying off 5% of workforce

225 employees will be gone by the end of the year. Harley-Davidson has over 1,00 salaried personnel at its Milwaukee headquarters and over 3,200 others worldwide, and whilst its not known where the cuts will come from, the Milwaukee Journal Sentinel is reporting that as well as the 225...

Honda & Yamaha are teaming up to make Mopeds

Giants work together as the 50cc market shrinks. If plans announced last week come to fruition, Yamaha and Honda could be working together soon on the production of low-capacity, and electric machines. According to the announcement, Honda would assemble the vehicles and supply them to Yamaha as an...

Germany wants to ban Internal Combustion Engines

Bi-partisan resolution plans to ban all ICE’s from the beginning of 2030. It was the birth place of the modern internal combustion engine, and perhaps the last country that anyone would have imagined moving to ban the pollutant-spouting engines, but Spiegel Magazin is reporting that a bi-partisan agreement...