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Wednesday, 20 May 2026

Darkhorse Motor Co

Man O-War Ampco 45 Sleeves

Celebrating 46 Years of "Pure Performance" in 2026, Wisconsin based Darkhorse Motor Co says that "Milwaukee 8 platform exhaust lifter bores can wear quickly due to greater pushrod angles. With more aggressive cam combinations and higher valve spring rates the service life of the lifter bore can diminish even faster.

"Darkhorse Motor Co has a full complement of sleeves to repair the entire surface and properly reset to OEM tolerances. Our Man O-War Motor products billet Ampco 45 Sleeves have greater lubricity than the parent material and are considerably more wear resistant than any other product on the market."


DARKHORSE MOTOR COMPANY

www.darkhorsecrankworks.com

Tuesday, 19 May 2026

Comment by Editor-in-Chief, Robin Bradley

At last - 'The Ride Really is the Destination' Again


Hope springs eternal and May 5, 2026, may just be a day that lives long in Harley Lore. Earlier this year my initial reaction to news that there would be yet another corporate plan was 'oh no, here we go again.' 

The thought of yet another bunch of unrealistically optimistic dreams of business recovery against a backdrop of two decades of decline, and in the context of these most uncertain and unstable of times, did not strike me as likely to be something to celebrate.

But celebrate we can. Celebrate we must. It is in the simplicity, mostly basic and mostly blindingly obvious that lies the genius of the new plan lies. It has a greater likelihood of success than anything we have seen since the 1990s and it is in its basic simplicity that the pathway to success is likely to be found.

This 'Back To The Bricks' plan (BTTB) is a comprehensive reversal of most of the ill-fated miss conceptions and deluded assumptions that were the foundations of 'Rewire/Hardwire' and, to be fair, much of the thinking that was supposed to drive the Levatich era Harley down its 'More Roads'.

Starting with the very basic and fundamental reversal of a 'Work from Home' capitulation for office-based staff that just went to far, the 'Bricks' that Harley is going 'Back' to are the industrial chic red bricks of the iconic Juneau Avenue headquarters building and campus. All else in a plan that could just as easily be termed 'back to the basics' kind of flows from there really.

Artie Starrs and his crew are setting Harley on course for a BS free future in which realistic expectations meet a realistic rediscovery of Harley's cultural basics.

In and of itself, opening the window of the $10k price point opportunity wider than it had been for far too long with the return of an Evo-style Sportster (hurrah!), the promise of an even lower cost single (The Sprint) and of a new Café style cruiser in the next two to three years are news enough to crack open a bottle of the 'good stuff'.

"customization is core to brand experience"

But it is the strategic thinking that underpins the return to new model programs and the common sense of giving dealers what they need that is going to get the doors swinging and the brand cooking again. Harley's wheel had already been invented. But having seen it discarded in favor of luxury good exclusivity branding, Starrs and 'BTTB' are simply pulling it from the dumpster and giving it a polish.

In this case 'back to basics' includes a return to Harley's roots with new generations of riders being encouraged to customize. Basic bikes as custom blank canvases, enhanced P&A options and marketing programs that prioritize 'doorswings' (rather than bypassing the dealer network altogether) are serious and, for a brand with the Harley Heritage, seriously simple steps to bring dealers back to the center of the stage, where they belong. Hurrah.

Indeed, is it just me or did the May 5, 2026 Investor Call appear to suggest that even aftermarket P&A will get a fairer shake when it comes to authorized showroom access and inventory?

The Five Key Pillars of the BTTB plan (every strategic plan has to have pillars!) start with "a deep appreciation of Harley-Davidson's competitive advantage". Yes - "set the Eagle Free". That concept of what Harley's competitive advantages are puts their "best-in-class' dealer network right up there as a "powerful foundation for growth."

Starrs sees a "renewed commitment to an exclusive dealer network" as a priority when it comes to "driving enterprise profitability." He's not wrong of course, but did anyone else notice how his remarks about embracing M&A opportunities that "make sense" add to the dynamics of that exclusivity?

I have a little difficulty with the statement that Harley should take "immediate actions to recapture share in areas where Harley-Davidson has the right to win" simply because nobody has the "right" to anything, least of all in business. That just isn't how capitalism works. Competition is how capitalism thrives, not entitlement.

As we head into the mid-21st Century, Harley (and all other businesses) have to start better understanding that the road to better financial performance isn't exclusively paved with making the best product. Harley will never be able to make the 'best' motorcycle, whatever they look like at any given time (making the best Harleys is surely the winning objective), but without also "making the best customers" they will simply gather dust.

However, Starrs and his crew look like they understand that, look like they have got that covered by exploiting Harley's "strong legacy equity in existing markets including new motorcycles, used motorcycles, P&A, and Apparel and Licensing.

"The company's new strategy is focused on positioning the business to regain share [so, it will have to compete] and drive meaningful volume growth [no dust magnets then] in categories where it benefits from credibility, scale and deep rider connection." Good. But, for me at least, the Elephant in Room remains what it is doing racing at MotoGPs? Don't be surprised if that turns out to be a one season wonder after all.

In terms of the other two pillars - "stronger financial position with a path to stronger free cash flow" and a "bolstered management team" - a promising start has been made in both respects; and it only took eight months or so. Making friends with time rather is a luxury born from the advantages of simple, rational and achievable objectives.

The recalibration of what "lifetime value creation" looks like, where selling motorcycles and grooming the best customers is concerned, is welcome (and also obvious). As is understanding that, for dealers, it is all about expanding rather than contracting the portfolio (that is not the same as excess inventory), recognising that they've had "too many of too few" motorcycles on their floors, and ensuring that dealers are able of offer "the right motorcycle at the right time."

Defining affordability as accessibility and customization as being "at the core of the brand experience and critical to dealer profitability" is new language - the likes of have not been heard from a Harley CEO for far too long.



Harley-Davidson Financial Services

KKR/PIMCO HDFS Deal Eliminated $5.5bn of HDI Balance Sheet Debt


In a mid-April Audio Webcast for investors, Harley-Davidson Financial Services (HDFS), management was keen to make it clear that dealer support remains unchanged.

The 'capital light' model that the changes implemented are entirely on the corporate side and "strategic value driven," explained Johnathen Root, CFO/CCO of Harley-Davidson Inc.

Some 9.8% ownership equity in HDFS was sold to investment groups PIMCO and KKK to unlock the capital that was funding consumer debt.

Jonathen Root - Chief Financial and Commercial Officer, HDI

"Dealer and customer financing operations will remain largely unchanged. HDFS will still play a strategic role in supporting motorcycle sales." The new funding structure will be largely invisible to dealers and customers, "with motorcycles continuing to get financed in the dealership," added Charles Do, SVP at HDFS.

In the future, HDFS expects to sell about two-thirds of new retail loans to its partners, while retaining the remaining one-third. The company will continue to originate and service all loans, earning servicing fees in the process.

"We anticipate the transaction will transform HDFS into a less capital-intensive and derisked business model," said Root. Stating that the new structure "affords a high degree of optionality in how we fund and run that business and an opportunity to grow the loan assets over time." 

The restructuring also strengthened Harley's overall financial position. Consolidated net debt declined from $5.9bn at the end of 2024 to approximately $400m at the end of 2025.


Custom Chrome Europe

Custom Chrome Europe April 2026 Catalog Update


With approximately 1,600 new products in a 92 page catalog update, Custom Chrome Europe has started its 2026 selling season "with new customizing power," says long-serving Marketing Director and industry expert Axel Scherer.


"New brands, new parts and new styling options for the new season are presented in this CCE April 2026 update – available in PDF (online) or printed version.

"News includes parts and accessories from BT Choppers (Poland); Killer Kustom (Lithuania); Kodlin, Highsider, GASLOCK, RWT-Power and Thunderbike in Germany; the legendary Jammer Cycle brand; Performance Machine, Burly Brand, Lectric Lighting, NAMZ, All Balls, Cometic, Progressive Suspension and Arlen Ness from the United States; Daytona International (Japan); EUROL (The Netherlands); Goodridge brake lines and fittings from the UK plus the equally legendary British AVON Tyre brand (these days owned by Goodyear and manufactured in France) and finally, from Italy, RR Red Thunder and  V-Performance exhausts and the extensive FG Gubellini Harley-Davidson suspension program for Harley-Davidson applications.

custom-chrome-europe.com

Galfer USA

Galfer USA Partners with MotoAmerica


The American subsidiary of the Spanish braking specialist Galfer has signed a multi-year partnership with North America's premier motorcycle road racing championship - the MotoAmerica Superbike Championship Series.

Orlando, Florida based Galfer USA has been operating in the American market for over 30 years, providing high-performance braking solutions to professional teams, OEM manufacturers, dealers, and enthusiasts across the United States. "With over 70 years of experience, Galfer is globally recognized for its technological innovation, precision-engineered rotors, and racing brake pads used at the highest levels of motorcycle competition."

Armando Riva, Country Manager of Galfer USA said: "MotoAmerica represents the highest level of road racing in the U.S., and that's exactly where Galfer belongs. We're excited to engage in a partnership that puts our products side-by-side with the best riders, showcasing how closely our brand is connected to elite-level performance."


Gary Hazel as National Sales Manager

"In recent years, Galfer has strengthened its presence in the most prestigious motorcycle racing competitions, bringing its technology to the highest levels of the MotoGP World Championship. In 2024, rider Ai Ogura of the MT Helmets - MSI team won the Moto2 World Championship using Galfer Floatech rotors and Racing G1310 brake pads, confirming the reliability and high performance of the company's solutions."


In additional news, Galfer USA has strengthened its North American team with key appointments. For the motorcycle sector, Galfer USA welcomes Gary Hazel as National Sales Manager. Hazel brings more than two decades of experience across nearly every discipline of motorcycle racing and the powersports industry, including Enduro, Motocross, Road Racing, Dirt Track, and Vintage competition. 

He represented the United States three times at the International Six Days Enduro (ISDE) and has played a pivotal role in the powersports industry, including owning Thumper Racing and leading dealer development and brand growth for manufacturers such as FMF, Kawasaki Team Green, KTM, Sherco, Fantic, and Rieju.



AirHawk

AirHawk's Patented AirCELL Comfort Seating System


Santa Ana, California based AirHawk International (High End Seating Solutions) has a leading reputation for the "science behind the comfort" when it comes to seat cushion overlays that "deliver unsurpassed comfort that's backed by real science".

Using its own, patented, "scientifically proven" AIR CELL Technology, the secret to the science that makes their USA made comfort solution is to distribute the rider's weight and pressure over the entire seating area, reducing the "hot spots" that cause aches and pains.


WILDASS SPORT

THIRD PARTY PRESSURE MAPPING STUDY

MEASURING PERFORMANCE


AIRHAWK CRUISER 

"AIRHAWK seats, cushions and pillows are your ticket to better health and tremendous comfort" says Sales Manager Kevin Darr. "Compared to ordinary memory foam or gel cushions, our AIR CELL Technology genuinely and evenly distributes your weight, avoiding the load intensive pressure points that can cause pain after hours of riding.

"Unlike gels and foams, by evenly distributing the body weight over the maximum available area AIR CELL Technology delivers long-term riding comfort as it doesn't degrade or lose shape over time. The system has been scientifically tested and proven effective in 100+ medical trials and papers."

CRUISER

DUAL SPORT

PILLION

AIRHAWK SMALL


Dealers can offer their customers the opportunity to choose from Airhawk small, Cruiser Medium and Large, Pillion and specialty Dual Sport/ADV designs. The range maximizes the number of their riders who can benefit from Airhawk's lifetime warranty backed proprietary technology as a significant comfort upgrade to riding on the stock seat alone.

Peak seating pressure is dramatically reduced, and a more general level of standard seat width comfort is achieved due to the conformity to the seated shape, as well as even distribution of the load evenly - "something that stock seats fail to do."

AIRHAWK Cruiser and Dual/Sport/ADV cushions feature "in integrated centerline relief cut - something else that stock seat designs just don't have," says Kevin.


AIRHAWK INC

www.airhawk.net

Tuesday, 12 May 2026

Comment by Editor-in-Chief, Robin Bradley

On The Gas Again


It has to be said that in the course of the past two or three months, the thought of the May 5, 2026, the unveiling of yet another new Harley-Davidson strategic plan hasn't exactly been filling me with the warm and fuzzies. 

Since the cohort of managers who were a part of the 1981-1984-1986 'revolution' aged out and institutional memory got replaced by 'my way or the highway' résumé stuffing self-aggrandizement, Harley's Heritage has not been in safe hands.

Indeed, and especially since the mojo of the legendary messaging that Carmichael Lynch brought to Juneau Avenue had disappeared from the rear-view mirror, Harley's marketing especially has just gotten progressively poorer, misguided and ill-judged. 

However, as one who is always prepared to admit I was wrong, indeed as someone who lives in the hope of other people showing me 'better ways', am I about to rediscover the thrill and excitement of being close to a brand that seems to matter, have meaning and reflect positively on ones endeavors?

I remember feeling that way when I first stumbled into the motorcycle industry in the late 1980s and found myself internalising what the brand had meant in those heady days - through the noughties and since - even while wring ever more acerbically about just how badly all Harley's wheels had come off in recent years. 

Despite it all I am still here, and, like so many other thousands, tens and hundreds of thousands, millions even, who long for 'the good old days', am I, are we, about to have our loyalty and faith repaid?

please sir, can I have my shares back?

That's not say that I am one of those idiots who wants the world to look and feel how they mistakenly think it did in the 1970s, and '80s and '90s, far from it. I am an apostle of change. I'm with Steve Jobs when it comes to viewing the importance of the passage time being a force for change and for change being the sole force of good. In my world view evolution is the way of the world, evolution is growth and Darwin was as much an economist as evolutionary biologist.

However, I am one for bringing the best of what we had along for the ride whilst jettisoning and re-inventing that which is no longer advantageous, appropriate, or apposite.

When Harley announced (December 2025) that their then new CEO Artie Starrs moved to re-build his management team, there were several appointments that sounded especially promising.

Among them Matt Ryan joining in a newly re-built combo capacity heading up Marketing and Tech, and a former Carmichael Lynch executive, Marcus Fischer, joined as Chief Brand Officer both got my attention.

That was the same tranche of announcements that saw Karen Davidson confirmed as a Brand Ambassador and her brother Bill Davidson ensconced in a Juneau Avenue office alongside Artie Starrs as Brand Ambassador and Special Advisor to the CEO. As sure as heck this latest turn of the Harley marketing wheel rolled through his office – you can just tell.

Fast forward to April 2026, and the first insight into the direction of travel that the new Strategic Plan will take, with the announcement of 'RIDE' as a new Brand Platform that anchors the future in the past without throwing away what Harley's heritage can still mean if it is handled carefully, professionally, optimistically. If it is seen as a Brand Benefit rather than Brand Baggage.

As Artie Starrs is quoted as saying: "I'm thrilled to launch the RIDE platform as a full reset of the brand ahead of our company strategy rollout in May. It celebrates the fun and joy people experience riding the world's greatest motorcycle, a Harley-Davidson."

It is often in the nature of things that unless you are reading this Op-Ed in the online digital version of the edition, by the time most of you have your copy of the reassuringly 'pure' presence of the print edition, the May 5 announcement will have been and gone and, with a bit of luck, have appeared blindingly obvious, have been welcomed and stamped with a big fat HURRAH!

However, if you have not yet seen the 'RIDE' launch video, find it and then think about how different it is to the garbage that has passed for progressive brand management in the past fifteen years. It wasn't, but this is.

The Zeitz era, especially, was embarrassed about the heritage and the past and couldn't distance itself from the real, rider owned brand love that is Harley's primary asset. Possibly even more so than the sound of the 45-degree V-twin.

What the new marketing team have managed to do is to walk the line between over- and under-investing in past and future, rejecting an aging out customer base in favor of 'newbies' and manage to achieve the remarkable feat of presenting the past as of value and importance to the new, and of looking forward through the lens of what has been.

As Harley is saying, "RIDE is turning the page to the company's next chapter - one that celebrates riders who have been with The Motor Company from the beginning and those ready to join in."

The video itself, to the soundtrack of 'On The Road Agan' (Willie Nelson's song of that name, as opposed to Canned Heat's 1968 homage to Floyd Jones and Tommy Johnson) is only just over a minute long – but there is enough in the production values and authenticity to say it all really.

Yes, they get it. This management team may not be life-long riders or motorcycle industry or Harley-Davidson insiders, but I have always said that understanding a brand is not "all about me" (in the way that Zeitz and his team clearly thought it was) it is all about respect for what you can learn by listening to others.

Zeitz and his outsiders thought that knew best and that they could take Harley forward as a business by cutting the umbilical cords that attached the brand to the customers and dealers who, in effect, owned it. The existing customer and dealer footprint was part of the problem, not the opportunity.

Artie Starrs and his Band of Brothers look set to do the opposite - humble, not hubris. 

News Briefs



Dainese - Following its 'near death experience' in the hands of successive Private Equity ownerships, the 2025 announced sale of Dainese Group to London based "distressed asset" specialists HPS Investment Partners and Arcmont Asset Management has now been given the green light by EU regulators. The deal includes AGV Helmets and TCX Boots. Lino Dainese sold the apparel business he had built to Bahrain based Investcorp for a reported 'Enterprise Value' of € 130m. in 2022. In turn, Investcorp 'flipped' it to American conglomerate Carlyle Group in 2022, for a reported € 630m. The deal with HPS/Arcmont is reported to have been a debt-for-equity swap for a nominal fee of € 1.


In Europe, Livewire is fighting for its life and responding to growing competition, such as from the Honda WN7, by significantly reducing the price of the One to € 14,790 (approx. USD $17,500). The One is stated as offering a continuous output of 63 kW (86 hp) and standard range of approx. 160 km. The brand had already significantly reduced the prices of its S2 model temporarily in late summer 2025. Last year, 66 LiveWire motorcycles were newly registered in Germany, with 12 more added in the first two months of 2026. Believe it or not, this gives the Harley-Davidson subsidiary a current market share of around 24% in the electric motorcycle segment in Germany. Considered a pioneering model and - excluding competitor Zero - the One was originally the first electric motorcycle on sales in Germany from an established manufacturer.


Memphis Shades has added a 3" version of its popular BRL Race Bubble Vented Windshield "for performance-driven riders who want even more functionality out of their race setup. Bringing the same track-inspired aerodynamics and style as our original 4" BRL Race Bubble, this version features a built-in vent that improves airflow." It fits 2015-2023 Road Glide Fairings.


International - The 2026 annual Distinguished Gentleman's Ride is slated for Sunday May 17. Uniting classic and vintage styled motorcycle riders from all over the world to raise funds and awareness for prostate cancer research and men's mental health. Founded 15 years ago in Sydney, Australia by Mark Hawwa, the event is generously supported by Triumph Motorcycles and is said to have raised USD $7.6m in 2025 with 127,000 participants in 1,038 Cities across 108 countries. www.gentlemansride.com



DEBT I - Government bond yields are the cost that Governments have to pay on the debt they owe. The debt costs for G7 nations have surged following the COVID-19 pandemic and Russia's invasion of Ukraine, as central banks raised interest rates aggressively to tame surging inflation. Elevated longer-term borrowing costs also reflect that investors want better returns to compensate for the risk of holding the debt. The Iran war is the latest challenge. At the end of Q1, the UK, where Benchmark 10-year yields in March hit their highest since 2008, pays the highest among peers at 4.84%. However, the US is closing in on an unwelcome leadership where the fiscal drag created by debt is concerned with 10-year yields now at 4.32% (from 0.67% at the end of March 2020). Source: Reuters.


DEBT II - Government debt is roughly equal to or higher than economic output across the G7 economies, with the exception of Germany, Europe's biggest economy. Since the 2008 global financial crisis, the 2011-12 euro zone debt crisis and the 2020 pandemic all saw G7 economies post increased debt levels, hurting growth and raising spending. A key metric is the Debt-to-GDP ratio (G2D), which has grown for all G7 economies since the 1980s. With the exception of Japan, which is an 'outlier' in G2D ratio terms, peaking at over 250% in 2020, and Italy (150% in 2020), each of the other five G7 nations has seen their ratio continue to deteriorate since the pandemic (USA, UK, France, Germany and Canada). The United States is now forecast to have overtaken Italy and be close to a 150% G2D ratio by 2030 - second only to Japan, whose ratio is expected to continue to improve, and Italy, who will replace USA as having the third highest ratio. Source: Reuters. 


DEBT USA III - Higher post-pandemic borrowing costs are feeding into governments' interest payments as they refinance low-cost debt at higher market rates. While well below historical peaks for many countries, interest payments as a share of output have risen steadily across most G7 countries recently, notably in the United States. In fact, interest payments across OECD countries, which include the U.S., already topped defense spending in 2024. As at Q1 of 2026, IMF data shows United States interest payments on public debt as a share of GDP having risen to a post-1980 high of 4.0%; ahead of Italy (3.9%), Canada (3.5%) and the deteriorating but debt-shedding UK economy at 2.8%. Source: Reuters.