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Tuesday 28 March 2023

News Briefs



Ethisphere has named Polaris as one of the 2023 "World's most ethical companies." Polaris says the recognition "honors companies demonstrating business integrity through best-in-class ethics, compliance and governance practices." Ethisphere describes itself as "a global leader in defining and advancing the standards of ethical business practices."


Congratulations to EagleRider Motorcycle Rentals for securing the exclusive rights to offer rentals and tours on the Harley Pan America in the United States. EagleRider has been pioneering the motorcycle rental and tour business since 1992.


Supported by Russ Brown Attorneys, Speed Kings Cycle Supply (Riverside, California) has announced that it is to put on Moto 'Night Drags' at Willow Springs Raceway on Saturday April 15th, from 6-10 pm.


The MIC reports that legislation requiring dealers to engrave or label catalytic converters with the vehicle identification number was introduced in CA and CT. While in AZ, proposed SB 1468 prohibits motor vehicles, including motorcycles, from being equipped with Xenon gas bulbs or HID LED headlamps, was introduced.


Respected motorcycle crash protection manufacturer R&G Racing has announced a new partnership for the USA with Brands That Shine (Gunnar Heinemeyer and founder Jessica Shine). "The company will work to further boost the growth of R&G in the U.S. through increased dealer support and a heightened presence at the track." The move marks a significant step forward for the British brand as it expands its reach across the U.S. market, with Brands That Shine opening channels and boosting dealer awareness to grow the business in the U.S.


Tucker has changed its transportation and delivery service partner to FedEx, citing advantages such as seven-day delivery (Sunday pick-ups and drop-offs), faster ground service, FedEx Hold at location for secure pickup and Picture Proof of Delivery.


Fox Factory Holding Corp. announced Q4 sales of $408.6m (+19.4%) with gross profits up by +22.0% to $130.9m, compared to $107.3m in the same period last fiscal year. For the FY2022, sales for the twelve months ended December 30, 2022, were $1,602.5m (+23.4%). Sales of Powered Vehicle and Specialty Sports products increased +28.0% and +17.6% respectively. 


MotoAmerica has announced that it will again qualify riders for the 2023 FIM MiniGP World Series through the Mission Mini Cup by Motul Series, but this year will do so in two of the Ohvale-spec classes. Last year, two riders qualified for the World Series in the 160 class, and this year the series will also host qualifying races for the 190 class. There will be five rounds in total.


MotoAmerica is bringing hillclimb action to Laguna Seca. Hillclimbers will attempt to tame the hill that houses the famous Corkscrew as part of the MotoAmerica Superbike Speedfest at Monterey, October 23-25. The Speedfest Motoclimb (Saturday, October 24) will be produced by Elevated Action Sports (EAS), an extreme moto company based in the San Francisco Bay area that has been hosting motoclimb and extreme enduro races since 2015.


Brembo has announced record results for FY2022 with revenues at € 3,629m, up +30.7% over 2021, with net profit € 292.8m (+35.9%). Its net financial position improved by € 128.6m. EBITDA was € 625.2m (EBITDA margin: 17.2%); EBIT was € 382.8m (EBIT margin: 10.5%). 


Yamaha Motor Corp., USA, has announced that the Yamaha Outdoor Access Initiative (OAI) contributed more than $500,000 in grant awards for 2022, satisfying a commitment made in honor of National Public Lands Day. "The final funding cycle for 2022 in the fourth quarter provided meaningful support to a wide variety of projects - from California desert clean-up and state-wide riding trail maintenance in Washington to multiuse bridges and trail resurfacing - making public lands sustainably accessible for motorized and outdoor recreation."


Sources: AMD, IDN, FT, Reuters, PSB, MPN, BDN, MCN, AP, Bloomberg, MSNW, Electrek, electricmotorcycles.news, RideApart.com, Motor1.com, Cycle World, motorbikewriter.com