Vietnam Is Planning On Banning Motorcycles
Officials in Vietnam’s capital city have vowed to banish motorcycles by 2030 to ease congestion and reduce air pollution. Hanoi has long been known for its large number of motorcycles, some packed with families or cargo. A report from Agence France-Presse states that there are 5 million motorcycles in this city of 7 million residents. Authorities plan to expand public transportation to encourage people to forego use of their motorcycles. Personally, I’m going to miss all the photos of families of five and there belongings motoring through a busy city.
The Board Of Commissioners Has No Love For An OHV Park In Renville County.
Officials said the proposal for a 272-acre park will appear on their Aug. 8 agenda, holding out the possibility of a formal vote. At its June 27 meeting, the board opted not to renew a second phase grant of more than $126,000 for the project, according to a report in the West Central Tribune. And the board has taken no action recently on an environmental assessment that was completed. The county spent $60,000 on preliminary plans and has a $297,000 grant for land acquisition.
Even with grant money available, they can’t get it done.
Ducati May Be Going To India
India’s Bajaj Auto is close to forming an alliance to buy Ducati from Volkswagen, according to a report from Reuter’s. Rumors have been swirling for weeks that Harley-Davidson, Italy’s Benetton family and U.S. buyout fund Bain Capital were prepared to bid on Ducati. The report also says Indian firm Eicher Motors is interested.
Rumors have circulated. Polaris also interested. Maybe MMM should be buy Ducati. I think we’re the only ones not being reported as “interested”.
Mercedes Is Getting Out Of The Motorcycle Business
MV Agusta Holding announced that Mercedes AMG has sold its 25 percent stake in motorcycle maker MV Agusta Motor S.p.A. to the holding company. MV Agusta has consolidated its equity investment through ComSar Invest, an investment fund Black Ocean Group, owned by Russian Timur Sardarov. Financial terms were not disclosed. The new structure places 100 percent control of Agusta Motor S.p.A. with MV Agusta Holding. ComSar will obtain a minority interest in the holding company, and Giovanni Castiglioni will own the controlling stake. The moves are parts of MV Agusta’s restructuring plan that was approved by a quorum of creditors.
Harley Cuts 180 Jobs
Harley-Davidson Inc. announced 180 layoffs after reporting that earnings fell due to U.S. motorcycle sales that were weaker than predicted. The company is cutting production after net income fell 7.7 percent to $258.9 million in the three-month period from $280.4 million a year earlier. Revenue fell to $1.58 billion from $1.67 billion. Harley said U.S. sales were down 9.3 percent, and global sales were down 6.7 percent from the same period a year ago, when sales also declined. Hopefully the smaller displacement bikes will expand their market. When the largest part of your market share is turning in their bikes for walkers, it’s pretty hard to increase sales.
Builder Bill Werner 2017 Hall Of Fame Legend
Bill Werner has been selected as the 2017 AMA Motorcycle Hall of Fame Legend. Werner is the most successful tuner and bike builder in AMA Grand National Championship history. Werner, who was inducted into the Hall of Fame in 2000, will be honored Sept. 22 at the Greater Columbus Convention Center in Columbus, Ohio, alongside the AMA Motorcycle Hall of Fame Class of 2017. AMA Motorcycle Hall of Fame Legends are Hall of Famers whose accomplishments transcend their categories in impactful ways. In addition to Werner, the roster of Hall of Famers who have been honored as Legends includes Mark Blackwell, Dick Burleson, “Willie G.” Davidson, Roger DeCoster, Torsten Hallman, Bob Hannah, Mert Lawwill, Wayne Rainey, Kenny Roberts and Malcolm Smith. That’s fine company to be included in.
The Nicky Hayden Award
The American Motorcyclist Association’s Horizon Award has been renamed in honor of Nicky Hayden. The award annually recognizes amateur competitors poised for greatness in the professional ranks. Hayden won the inaugural AMA Horizon Award in 1997. He subsequently won the 1999 AMA Supersport Championship, the 2002 AMA Superbike Championship and the 2006 FIM MotoGP World Championship. He was competing in the FIM Superbike World Championship this year. While training on his road bicycle in Italy in May, he was struck by a car and died as a result of his injuries on May 22. The Executive Committee of the AMA Board of Directors unanimously voted to rename the AMA Horizon Award in Nicky Hayden’s memory, in perpetuity. Nicky Hayden AMA Horizon Awards will be presented annually to the top amateur racers in dirt track, motocross and road racing. Well done AMA, well done.