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Harley’s “LiveWire” Electric Motorcycle Brand to Be Publicized in SPAC Agreement with KYMCO

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The quest to get U.S. motorcycle maker Harley-Davidson back on track took an unusual but not entirely unexpected turn on Monday with the reveal that the company’s new brand of electric motorcycles, LiveWire, will go public with a PSPC deal. in a close future. .

No specific date for a public offering has been given and the deal is subject to the approval of the shareholders of the SPAC company, but a press release said that LiveWire, which was recently created by Harley-Davidson as than its own brand, will be associated with sustainability. the specialist acquisition company AEA-Bridges Impact Corporation (aka ABIC) for listing as LVW on the New York Stock Exchange. ABIC is listed under the stock symbol IMPX.

Additionally, Taiwan-based KYMCO is also part of the deal. KYMCO manufactures a wide range of scooters, light motorcycles, ATVs and other motorized devices and sells them in countries all over the world, including the United States, where they are best known for their scooters. KYMCO’s US headquarters are located in South Carolina.

According to the press release, “LiveWire’s funding will consist of $ 400 million in cash from ABIC held in trust, a $ 100 million investment from Harley-Davidson and a $ 100 million investment from KYMCO, via a PIPE (private investment in public capital). ” When public, “Harley-Davidson will retain an approximate 74% stake in the company, ABIC shareholders will own approximately 17%, and the founders of ABIC and KYMCO will each own approximately 4%.”

If closed, the deal could give LiveWire an “enterprise value of approximately $ 1.77 billion and net worth of approximately $ 2.3 billion at closing,” the statement said. press published Monday morning. Harley-Davidson had a market cap of $ 6 billion at midday Monday.

“Today’s announcement is a historic milestone with LiveWire on its way to becoming the first publicly traded electric motorcycle company in the United States. the electrification of sport, ”Harley-Davidson CEO Jochen Zeitz said in the press release. “This transaction will give LiveWire the freedom to fund new product development and accelerate its time-to-market model. LiveWire will be able to operate as an agile and innovative public enterprise while benefiting from the large-scale manufacturing and distribution capabilities of its strategic partners, Harley-Davidson and KYMCO. “

To analyse

Much attention has shifted to new CEO Jochen Zeitz, who was on Harley’s board of directors before becoming CEO in March 2020 – just at the start of the pandemic. Harley-Davidson suffered from consecutive quarters of falling profits, falling sales and losing market share. An aging but dedicated core demographics, expensive products that were viewed by many throughout the motorcycle community as high quality but technologically outdated, and a general decline in the number of people appearing interested in motorcycles – of any brand or name. type – had some people foresee a possible end of Harley-Davidson, or the loss of its independence in a possible sale.

More than 50 years ago, the iconic motorcycle maker found itself in the hands of leisure equipment maker AMF, where it nearly collapsed into insolvency before a last-minute takeover by the executives of the business. The company reinvented and refined key parts of its motorcycles and the brand went public (HOG) in 1986. From there, continuous efforts at modernization and product refinement led Harley-Davidson to one of the most big comebacks in American business history, but the past few years haven’t been nice, despite HD making some of the excellent motorcycles this author has reviewed.

However, Zeitz, from Germany, had managed to bring sportswear maker Puma back from the brink before joining Harley’s board of directors, and it was hoped he could work some of the same magic on it. Milwaukee. After taking the reins, Zeitz continued former CEO Matt Levatich’s efforts to bring a controversial but timely new motorcycle to fruition earlier this year, and the Pan America Adventure Bike was a success for the company ( disclosure: I’m currently reviewing Pan America for Forbes.com).

This launch followed another controversial step for Harley under Levatich: the debut of the fully electric motorcycle LiveWire in 2019. Perhaps as a forerunner of the LiveWire plan, at the end of 2020, Harley-Davidson announced that its electric bikes newly announced would be created. as its own brand, Serial 1, a name taken from the first Harley motorcycle produced in 1903.

MORE FORBESHarley-Davidson’s ‘Serial 1’ Details New E-Bikes With Specs, Prices, And A Nice Surprise

Harley-Davidson was the first (and perhaps the most unlikely) major bicycle maker to launch a full-size, full-horsepower electric motorcycle in the industry – and still is, to this day. However, they have stiff competition from Zero Motors, which started as a manufacturer of clean leaf electric motorcycles over 15 years ago and produces a wide range of popular electric motorcycles, all of which are cheaper than the model. LiveWire, which is now known as LiveWire One under the brand name LiveWire.

While going public with a SPAC is surprising, the inclusion of Taiwan-based scooter maker KYMCO in the deal may be more so – but it also makes sense. Although relatively unknown in the United States, KYMCO is a heavyweight outside of America, selling hundreds of thousands of machines – many of which are quite sophisticated – across Europe and Asia. The pairing with KYMCO gives LiveWire (and by extension Harley-Davidson) an easier entry into Eurasian markets with what can be a simple rebranding of KYMCO products as LiveWire machines, while also putting the huge ones KYMCO’s R&D and production capabilities for new products – especially all -electric machines – at your fingertips.

Electric scooters are already commonplace and are gaining popularity in many cities around the world. While breaking through with a full-size electric motorcycle is a tall order due to the much higher expectations of bikers, putting together competent scooters – especially electric models – is a much easier fruit. The prices are much lower and buyers don’t expect supercar performance. Most of the time, they need their machines to be reliable, affordable, and convenient for transporting cyclists to large cities, where the infrastructure for electric charging – or battery swap technology – is already largely in place. With LiveWire essentially separated from the Harley-Davidson branding, the Motor Company could be in the mix in a massive global market for electric motorcycles and scooters far beyond what they could have hoped for in terms of their large. legacy gasoline-powered machines, which will continue to be popular in the United States

The LiveWire split had sparked discussions that Harley-Davidson would do the same with Pan America motorcycles, but they may tie into the mothership a bit more than the LiveWire and Serial 1 platforms. Harley-Davidson shares rose sharply in LiveWire news, but have since returned most of those gains.

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Harley-Davidson’s Electric Motorcycle Brand LiveWire Merges With SPAC To Go Public

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LiveWire, the Harley-Davidson electric motorcycle company, goes public by merging with a Special Acquisition Company, or SPAC. The transaction will earn LiveWire approximately $ 545 million at a pro forma enterprise value of approximately $ 1.77 billion, Harley-Davidson said in its announcement. LiveWire is the latest electric vehicle company to go public by merging with PSPC, also known as “blank check” companies.

LiveWire Merges With AEA-Bridges Impact Corp. (ABIC), a SPAC formed by John Garcia and Michele Giddens, two private equity executives based in New York and London respectively. Garcia and Giddens teamed up last year for the express purpose of merging with a company that works to achieve the United Nations Sustainable Development Goals, according to Reuters.

Unusually, there is a third partner in the business: Kymco, the Taiwan-based scooter maker. Harley-Davidson describes Kymco as a “strategic partner” who will help manufacture and distribute LiveWire’s electric motorcycle.

The deal will be funded by “ABIC’s $ 400 million held in trust, a $ 100 million investment from Harley-Davidson, and a $ 100 million investment from KYMCO, through a PIPE (private investment in public capital). ) “, reads the press release. Upon closing of the transaction, the shares of LiveWire will be listed on the New York Stock Exchange under the symbol “LVW”.

Earlier this year, Harley-Davidson decided to turn LiveWire into its own brand, with the goal of launching several electric motorcycles under the nameplate. The first product of this effort is LiveWire One, a $ 21,999 electric motorcycle with a range of around 145 miles (depending on the type of ride).

It’s a similar move to how the 118-year-old company approached its new brand of e-bikes, Serial 1. The idea is for LiveWire to continue to benefit from its relationship with its parent company while forging its own identity as brand that is distinct from Harley Davidson. The company telegraphed the move into its Hardwire strategic plan to reinvigorate its declining sales over the next five years. This dedicated division would be “exclusively focused on leading the future of electric motorcycles,” the company said in its plan.

According to Harley-Davidson:

LiveWire plans to redefine motorcycling as a leader in the fully electric motorcycle industry, with a focus on the urban market and beyond. As a strong and desirable brand with growing global recognition, LiveWire plans to develop the technology of the future and invest in the capabilities necessary to lead the motorcycle transformation. LiveWire will build on its DNA as an agile disruptor to the Harley-Davidson lineage, capitalizing on a decade of learning in the electric vehicle industry and the iconic legacy of the world’s most desirable motorcycle brand.

LiveWire is the latest in a growing line of electric vehicle startups, autonomous vehicle companies and automotive suppliers to go public by merging with “blank check” companies, which are investment vehicles listed in stock Exchange.

There have been a few hits, such as Lucid Motors’ mega-SPAC which valued the luxury electric vehicle company at $ 20 billion. But there were also some notable flops. Lordstown, Canoo and Nikola are among the electric vehicle companies that suffered downturns after their IPO. (Even Lucid is now the subject of an SEC investigation.) It feels like rushing to profit from the PSPC boom, these startups have faced the demands of being listed on a large scale. stock Exchange.

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Electric motorcycle brand steps up for UK launch

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Electric motorcycle brand Maeving hired Wild Card to manage its UK launch this month.

The Coventry-based bicycle maker is launching practical e-bikes that “channel the best of British motorcycle design heritage into a new kind of electric vehicle”.

Maeving said his USP is the bike’s removable battery – which can be charged from any outlet, whether at work or at home, making refueling easy.

Wild Card was incorporated to generate interest ahead of the bike’s general sale in January.

Maeving founder Seb Inglis-Jones said: “It is an incredibly exciting time for us. After several years of product development to bring our revolutionary bikes to market, it was imperative that we find the right PR partner for the launch – a partner with great relationships, experience of successfully launching startup brands and passion. to do good for the planet. which is equivalent to ours. Wild Card did the job perfectly.

Wild Card MD, Georgie Upton, added, “We are really excited about the game-changing potential of Maeving e-bikes and helping the brand accelerate the electric revolution in the two-wheeled space.

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Bajaj Auto defeats Hero MotoCorp to become # 1 motorcycle brand in November

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Bajaj Auto became India’s top-selling motorcycle brand in November, combining both domestic and export figures. The large Pune-based motorcycle company registered 338,473 units last month, 12% below its own sales performance in November 2020, when it sold 384,993 units. Hero MotoCorp, the long-time pole holder in the Indian two-wheeler market, sold 329,185 motorcycle units last month, combining both domestic and export figures.

Similar bikes

(Also read: Bajaj Auto two-wheeler domestic sales drop 23% in November, sells 144,953 units)

Hero MotoCorp recorded a 39% drop in overall motorcycle sales in November 2021, compared to the same month last year, when it recorded 541,437 units. However,

November 2021 was one of the few times that Bajaj Auto was able to beat Hero MotoCorp in overall motorcycle sales. However, Hero MotoCorp remained at the top of the two-wheeler rankings, combining both its motorcycle and scooter sales. While Bajaj Auto sold 338,473 units in domestic and international markets, Hero MotoCorp sold a total of 349,393 units of two-wheelers in domestic and international markets.

Bajaj Auto, despite a 2% drop in exports, saw more than half of its motorcycle sales come from international markets. It shipped 193,520 units of motorcycles to overseas markets and registered 144,953 units in the domestic market.

Among its international market countries in Latin America and Africa, the local motorcycle major recorded higher sales figures. Bajaj Auto currently sells its motorcycles in nearly 70 countries around the world.

Hero MotoCorp, on the other hand, is a specialist in the low-displacement motorcycle segment. The local two-wheeler brand has a stronghold in the commuter segment, which has been hit in India due to the late monsoon retreat in many parts of the country as the harvest has been delayed.

This impacted Hero MotoCorp’s sales in the rural area where the company has a strong consumer base. A downturn in the entry-level commuter bike segment and consumer preference moving towards high-end models also played a key role against Hero MotoCorp.

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Bajaj Auto Becomes # 1 Motorcycle Brand in Total Sales in November 2021

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Bajaj Auto’s combined sales in November 2021 amounted to 3.38 lakhs, with exports totaling 1,935,520 units.

Bajaj Auto released an official statement pointing out that it sold around 3.38 lakhs of motorcycles in the domestic and export markets combined as of November 2021. Thus, it became the top-selling motorcycle manufacturer with 1 44,442 units. sold in the domestic market, exports totaling 1 93 520 units.

Exports generated huge volumes for the Chakan-based brand and last month the tally was much higher than the next three competitors combined. This is due to a difficult global macroeconomic environment and the global two-wheeler industry facing production constraints for various reasons.

Just a few weeks ago, Bajaj launched the biggest displacement pulsars ever made, the F250 and N250 at a competitive price of Rs. 1.40 lakh and Rs. 1.38 lakh (ex-showroom) . Both are powered by an oil-cooled 249cc single-cylinder fuel-injected engine producing a maximum power of 24.5hp and 21.5Nm of maximum torque. It is mated to a five-speed transmission and comes standard with a slip clutch and assist.

2021 Bajaj Platina ABS 1

The Bajaj Pulsar N250 is an evolutionary version of the NS200 and F250 on the now-discontinued 220F in terms of design, but the new tubular chassis, new body panels, larger brakes assisted by a single-channel ABS system, a panel The revised dash and other updated mechanics have helped make the Quarter Liter Duo a compelling package.

In fiscal year 2022, sales of the Bajaj Pulsar series exceeded the lakh per month mark three times with an annual average of 97,000 units. In the domestic market, sales of the entry-level commuter Bajaj Platina doubled this year, while in export markets like Nigeria, Egypt and Mexico, the highest ever motorcycle retail sales have been executed.

Speaking of the milestone, Rakesh Sharma, Executive Director, Bajaj Auto noted, “Being the best builder in the toughest conditions is a true reflection of Bajaj Auto’s resilience and a consequence of our commitment to serving global customers through differentiated products and superior propositions. Our presence in more than 70 countries has enabled us to post stable performance despite the volatility of the environment.

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SUPERSOCO Electric Motorcycle Brand Issues Statement Regarding Ownership of Brand Intellectual Property Rights

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SHANGHAI, December 1, 2021 /PRNewswire/ — The world’s largest motorcycle trade show, EICMA, ended on November 28 in Milan, Italy. During the event, SUPERSOCO, a world-renowned electric motorcycle brand, discovered that a company was displaying many of SUPERSOCO’s best-selling models without permission in violation of its exclusive appearance patents and rights. intellectual property, such as CPX/TC MAX /CU/VS1, and used the SUPERSOCO brand and some of its designs for media communications.

SUPERSOCO makes the following statement:

Supersoco smart technology (Shanghai) Co., Ltd (“SOCO”), is the originator of SUPERSOCO brand, owns intellectual property rights and vehicle appearance patents of SUPERSOCO brand. The SUPERSOCO brand did not participate in EICMA this year, nor did it authorize any third-party agency to act as the brand’s representative at the event.

Since its establishment in 2015, SOCO, led by founder Mr. Sherman, has independently carried out the design and development of a wide range of models and successfully launched them in the market. The model line has been favored by motorcycle fans all over the world and recognized by agents in many countries. Many of the company’s designs have won international design awards, such as the German award Red point

IF Design awards and prizes.

SOCO is a start-up with innovative design and production capabilities and has a positive impact on the development of the renewable energy-powered transportation industry. Over the past six years, driven by independent design and R&D, SOCO has always focused on the field of high-end electric two-wheeled vehicles. The company has applied for more than 1,500 independent intellectual property rights, covering invention patents, utility model patents, appearance design patents and software copyrights.

Contact: Molly mu, [email protected]

View original content: https://www.prnewswire.com/news-releases/electric-motorcycle-brand-supersoco-issues-statement-concerning-ownership-of-the-brands-intellectual-property-rights-301434734.html

SOURCESUPERSOCO

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The brand of electric motorcycles SUPERSOCO publishes a statement regarding the ownership of the intellectual property rights of the brand

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SHANGHAI, December 1, 2021 / PRNewswire / – The World’s Largest Motorcycle Trade Show EICMA, ended on November 28 in Milan, italy. During the event, SUPERSOCO, a world famous and recognized brand of electric motorcycles, discovered that a company was exhibiting, without permission, several of SUPERSOCO’s best-selling models in violation of its exclusive appearance patents and rights. intellectual property, such as CPX / TC MAX / CU / VS1, and has used the SUPERSOCO brand and some of its models for media communications.

SUPERSOCO made the following statement:

Supersoco intelligent technology (Shanghai) Co., Ltd. (“SOCO”), is the creator of the SUPERSOCO brand, owns the intellectual property rights and appearance patents for the vehicles of the SUPERSOCO brand. The SUPERSOCO brand did not participate in EICMA this year and did not allow any third party agency to act as a representative of the brand at the event.

Since its inception in 2015, SOCO, led by founder Mr. Sherman, has independently carried out the design and development of a wide range of models and successfully launched them to the market. The model line has been favored by motorcycle fans around the world and recognized by agents in many countries. Many of the company’s models have won international design awards, such as the German Red point Award and IF Design Award.

SOCO is a start-up with innovative design and production capabilities and has a positive impact on the development of the transport industry powered by renewable energies. Over the past six years, driven by independent design and R&D, SOCO has always focused on the field of high-end two-wheel electric vehicles. The company has registered more than 1,500 independent intellectual property rights, covering invention patents, utility model patents, appearance design patents and software copyrights.

Contact: Molly mu, [email protected]

SUPERSOCO SOURCE

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A brief history of the motorcycle brand

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There are many great motorcycle companies in the market. Many of them strive to produce the fastest, sleekest bikes, and sometimes just the biggest two-wheeled beasts on the road. However, there is one company, maybe at least one, that focuses on all of this and genuinely designs motorcycle artwork.


MV Agusta has been around since 1945 and the company is based in Varese, Italy. The company was founded by Count Domenico Agusta. The MV in the company’s name stands for Meccanica Verghera, which is where the very first MV Agustas was made.

What really sets MV Agusta apart from other motorcycle manufacturers is that they not only aim to produce the sweetest dreams of two-wheelers, but they want to be the best while looking to the future. In fact, according to their official website, their mission is to “design, develop and manufacture the most advanced motorcycles in the world”.


If you haven’t heard of the MV Agusta, you wouldn’t be alone. They are not super popular. The company has grown in recent years, but they are still rare to see on the streets. There are likely reasons for this, some of which will be discussed later.

Since MV Agusta is not very well known in the general motorcycle community, we wanted to provide an overview of the company.

Here is a brief history of the MV Agusta.


What makes MV Agusta bikes great



MV2
From Facebook

One of the things that sets MV Agusta apart from the rest is its process. They manufacture each bike by hand as well as with the use of advanced technology. This means that the products are not only guaranteed to be made with quality and care, but also have a personal touch. People who buy these bikes can almost feel like it was designed for them. This goes hand in hand with their dedication to excellence and being the best manufacturer of two wheeled machines.


The other thing that sets MV Agusta apart is their desire for their bikes to be works of art. It’s a bit like what Pagani does for cars. When you see an MV Agusta, you really see what they mean. Sure, their bikes look like normal bikes, but they each have something different. They stand out, it’s like they’re somehow improved over a regular motorcycle.

As an example, take a look at their Turismo Veloce. They call it their uncompromising tourer, and we can see why. It is a flexible sports bike that is also designed for touring and commuting. The slogan they use for this is the DNA of touring racing.


RELATED: Check Out This Gorgeous Limited Edition MV Agusta Superveloce

Their beginnings and their eventual decline



MV3
VIA MV Agusta

The company began to focus on motorcycles after World War II. They used to work with airplanes, but motorcycles allowed them to continue to use their engineering and design expertise.

Their first motorcycle, the MV 98, was released to the public in October 1945. The company wanted to name its first motorcycle Vespa 98, but this name was already registered. Of course, we all know Vespa scooters. The MV 98 could be purchased as a touring or economy version. The engine was a 98cc two-stroke single cylinder. We don’t think we need to tell you what inspired the name of their first bike.


One of their most important bikes is the MV Agusta 750 Sport America. It was manufactured from 1970 to 1975. It was the company’s attempt to increase its presence in the United States. It should also be noted that this option was considered quite expensive.

According to autoevolution.com, MV Agusta experienced financial difficulties and ended up shutting down. However, the company was acquired in 1997 by Cagiva. They then released new bikes until 2004, when the company was later bought by a Malaysian car maker called Proton. The company is still struggling financially and Proton then sold it to an Italian finance company.


RELATED: Here’s Everything You Need To Know About The 2021 MV Agusta Brutale 800 RR

Not all businesses are meant to be popular



MV4
VIA MV Agusta

Again, if you’ve never heard of the name MV Agusta, you’re not alone. It’s a great company that really wants to move the motorcycle industry forward. They have their fans, but they’re nowhere near as big as many would expect a company to have been making bikes for as long as they’ve been.

One of the reasons they haven’t become more popular is that not all businesses need to be. Some companies are supposed to have their followers without attracting the attention of the general public. The problem is, this is a business and the income is significant. This is why they have been bought and sold so many times.


Another reason they are not more popular is that their communication with their potential buyers is extremely limited. Sure, leaning into the future sounds great, but a lot of people may look at the way they talk about their bikes and mistakenly assume they’re more works of art than real good rides. In other words, the business may need a facelift if it is to grow.

But again, their goal is to produce great bikes, which they’ve achieved.


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$ 12.5 million Bugatti La Car Noire is not quite finished yet and will not be finished for another 2 years

The $ 12.5 million Bugatti La Car Noire on display at the Geneva Motor Show was actually a mockup, and the real deal is still 2 years away.

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The BSA motorcycle brand will be relaunched with a new model

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The rights to the iconic British motorcycle brand were acquired by Mahindra’s subsidiary, Classic Legends, which manufactures the Jawa motorcycles.



develop See the pictures

Motorcycle brand BSA to be relaunched with new model announced in December 2021

BSA Motorcycles will be making a comeback with an all-new model to be launched early next month. Indeed, Classic Legends, the parent company of Jawa Motorcycles, which also owns the rights to the BSA brand, announced on social networks that the BSA brand was indeed making a comeback. The brand will be relaunched with an all-new model of modern classic motorcycle, which will be unveiled to the public at Motorcycle Live on December 4, 2021 in Birmingham, UK. Further details on the new model will be announced at the show, but it could well be a modern classic 650cc model, bearing the BSA nameplate.

Read also: New BSA 650 cc motorcycle spotted in test

Read also: The BSA electric motorcycle will be developed by Jawa’s parent company

The official BSA Motorcycles Twitter account has confirmed the return of the BSA brand. The grip tweeted the first official confirmation that the BSA brand is indeed back.

“Return of a legend. #BSAisBack. We’ve evolved, but our DNA remains unchanged,” the post said in the tweet, with a short video showing the new BSA motorcycle brand logo.

Read also: Anand Mahindra confirms new BSA motorcycle is under development

1954 bsa gold star

A 1954 BSA Gold Star motorcycle

In the 1950s and 1960s BSA was one of the most popular British motorcycle brands across the world, along with Triumph, Norton and Royal Enfield. While Royal Enfield closed in the UK in the 1950s, it continued to thrive in India and is now a fully Indian brand, owned by Eicher Motors, headquartered in Chennai. Norton Motorcycles was acquired by Indian firm TVS Motor Company in 2020 for £ 16million. Triumph is the only UK brand whose ownership, heritage and manufacture are still concentrated at its headquarters in Hinckley, UK.

BSA is an iconic British motorcycle brand and was the world’s largest motorcycle manufacturer in the 1950s

Meaning Birmingham Small Arms Company Ltd, BSA was founded in 1861 for the production of firearms. The brand’s motorcycles division was established in 1903 and the first motorcycle was introduced in 1910. The brand became the largest supplier of motorcycles to the Allied forces during World War II. In the 1950s, BSA was the world’s largest motorcycle manufacturer, with one in four motorcycles sold worldwide bearing the BSA badge. The company has also enjoyed phenomenal success on the racetrack, with notable wins in Daytona and Santa Catalina.

moto bsa

Iconic BSA motorcycle brand to be relaunched with both internal combustion engines and electric powertrains

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BSA Motorcycle Company ceased operations in the 1970s, but the trademark and rights to the motorcycle company were acquired by Classic Legends Private Limited, a subsidiary of Indian group Mahindra in 2016. A new gasoline-powered motorcycle, including the engine would be around 650 cc. The move, will be unveiled at this year’s Motorcycle Live, to be held in Birmingham from December 4-12, 2021. The relaunched BSA Motorcycle Company is also expected to produce electric motorcycles, with a £ 4.6million grant from the Kingdom -United. government for the development of zero emission motorcycles. The new BSA already has an R&D and technology center just outside the Midlands, UK, and production is expected to start soon.

For the latest automotive news and reviews, follow carandbike.com on Twitter, Facebook and subscribe to our YouTube channel.


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Electric motorcycle brand Voxan tests the new Wattman

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Electric motorcycle brand Voxan, owned by high-performance electric vehicle specialist Venturi, presents the new Wattman. With world champion Max Biaggi at the helm, the brand sets out to conquer even more speed world records.

Click here to read more

Closer to the stars

The Voxan Wattman was initially supposed to make its attempts on a Bolivian saline in July 2020, but the pandemic made travel impossible, and it was therefore on the track at Châteauroux airfield in France that the team broke 11 records of the speed world a year ago. .

Asphalt has turned out to be an interesting surface, so the Wattman – modified accordingly – will continue its program on another strip. This time, the site will be the Space Florida launch and landing facility at the Kennedy Space Center in Florida, where, starting Monday, November 15, the first ultra-high-speed tests will begin.

Weight, stability, power

The Wattman now weighs less than 300 kilos, which allows it to compete in this category. The difference in weight is mainly due to a new Voxan-Saft battery design, both mechanical and electrical. Saft, the French subsidiary of TotalEnergies, is particularly specialized in high performance, very high power batteries. The pocket cells used make it possible to increase the power of the batteries by nearly 80 times, compared to around 10 times for standard products on the market. They are assembled in modules, allowing cooling to be managed with a recently patented process, resulting in an ultra-compact construction.

The bike continues to rely on the Mercedes EQ Formula E powertrain, which delivers 320 kilowatts of power (compared to 270 kilowatts for the previous version) and offers 1360 Newton meters of torque.

Other notable differences from the previous Wattman include the dimensions of the motorcycle: to improve stability and air penetration, the wheelbase has been increased to 1,957 millimeters (from 1,800 millimeters previously) and the height seat height is now 685 millimeters (compared to 610 millimeters). In the event of a strong crosswind, the team will now have the option of adding a fairing that reduces wind resistance.

As for tires, Michelin, a long-time partner, has worked on designs specifically adapted to this challenge. The 120 / 70-17 front is a tire from the MICHELIN Power GP range, which has been modified to tolerate extremely high speeds. For the rear 190 / 55-17, Michelin has relied on technology which has been proven in MotoGP to develop a tire with better grip. The challenge was to channel all of the extraordinary torque provided by Wattman’s electric motor, allowing the bike to accelerate as quickly as possible without skidding.

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Lamborghini family resurrects ISO motorcycle brand for 2021 EICMA

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Hang on to your cold brews, because they’re pretty gossip.

Apparently, a third-generation member of the Lamborghini family (Ferruccio Lamborghini) has relaunched a historic motorcycle brand just in time for tomorrow’s EICMA.

The report of EINPresswire tells us that Lamborghini jr. has raced at a Moto2 skill level for years now, with his passion for restoring the griffin’s logo. , sustainability and Italian heritage. ‘

The new face of Iso Motorcycles, created by Feruccio Lamborghini, member of the Lamborghini family at the third barrel

“To accomplish this mission, the owner of the Ferruccio Lamborghini brand has brought together complementary know-how to establish a new trend in electric vehicles with international partners Giken Mobility, a Singapore-based subsidiary of integrated contract maker Giken Sakata, and Kinetic Green, member of the famous Kinetic group in India, owned by the Firodia family ”, comments on the report.

A view of the advertisement ahead of EICMA 2021: new machines from the resurrected Italian brand ISO Motorcycles

Feruccio himself is also thrilled with the anticipation of tomorrow’s festivities at EICMA:

“I am really excited to take on the challenges of a fast growing, cutting edge industry. This project perfectly combines my desire and my intention to build something new from the history of a great Italian company.

“Since my family bought the Iso brand, I have been looking for strong, industry-leading partners with whom to achieve the highest standards in quality, performance and design.

“I had planned to launch the project in Italy, and more precisely, during this special edition of EICMA, to underline the Italian tradition of the brand, because this is where Iso has its roots, and it is where we will start.

Ferruccio Lamborghini, third member of the Lamborghini family, is currently resurrecting ISO motorcycles

The project in question – a series of electric vehicles equipped with both motorcycles and golf carts – will include the Iso Uno-X electric motorcycle, featuring “cutting edge design inspired by racing technology”, as well as a stripped-down chassis architecture, a low center of gravity, a direct belt drive (protecting the mid-engine from vibrations on any topography), and a liquid cooling system that can operate for a range of 130 km per charge, with a maximum speed of 115 km / hour.

The interesting part, however, is in the electronics.

A view of the new motorcycle created by ISO Motorcycles, assembled by Feruccio Lamborghini, member of the Lamborghini family at the third barrel

Giken Mobility’s smart ecosystem allows riders to download an application, where they can “control the motorcycle, check its condition in real time, plan trips, calculate distances traveled and view trip history”.

“At the same time, the app enables real-time data collection for research and development purposes, so that engineers can continuously work on improving the design and function of the bike.”

Let us know what you think of this beast, if you ever wanted to ride a Lamborghini bike… and don’t forget to check out other machines that will be showcased at EICMA as well.

Leave a comment below and, as always, stay safe on the corners.

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The Basics of Debt Consolidation: What You Need to Know

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Credit card debt is common in the United States, with the average American having a credit card balance of over $5,000 in 2020. With high interest payments and large principal balances, it can be difficult to pay off credit card debt, resulting in a snowball effect that makes deleveraging difficult, if not impossible.

A common way around this problem is called debt consolidation. This practice can be helpful, simplifying the process of paying off debt. It can also help you get a lower interest rate that allows you to pay more for the principal of the debt, paying off the total more quickly. But, there are some downsides to debt consolidation. Before taking this step, it is essential to know as much as possible about how it works and its impact on your finances.

How does debt consolidation work?

There are many debt consolidation programs and products available. In general, debt consolidation involves taking out a new loan or credit card and consolidating all of your existing debt into one monthly payment that you pay through that loan or card. You then make a payment each month on the new line of credit.

What are the types of debt consolidation?

There are three common types of debt consolidation.

  • Credit card balance transfers arise when you open a new credit card and then transfer debt from various existing accounts to that card.
  • Debt consolidation loans offered by a bank or credit union can be used to pay off a debt. You then have to repay the loan every month.
  • Credit counseling services work with you to tailor a solution to your specific debt problems. These services typically work with your creditors to negotiate lower payments, then make those payments with a fee that you pay them each month.

What are the advantages of debt consolidation?

Debt consolidation can have a number of benefits, the simplest of which is that the number of payments you need to make each month is reduced to one, simplifying the payment process and making it easier to track your debt. You’re also much less likely to forget an account and miss a payment since you’ll only have one to remember.

Additionally, debt consolidation can lead to lower interest rates, which means more of your payment is used to pay down the principal of the debt. This will help you pay off the debt faster.

Another benefit is the potential improvement in your credit score. Since the rate of credit utilization is a determining factor in determining your credit score, consolidating debt into a personal loan, for example, will have a positive impact on your credit score. Also, the faster you pay off the debt, the better your credit rating will be.

What are the risks of debt consolidation?

As with any financial decision, make sure you have all the information and read all the fine print before agreeing to a debt consolidation strategy. Some debt consolidation counselors are actually scams with high fees and interest rates that end up hurting your financial situation rather than helping it. If you’re considering consolidation, make sure you’re getting the best product by shopping around and comparing interest rates, loan terms, and fees.

For example, even if your interest rate goes down, if you pay off a debt over a longer period, the total interest you pay could be higher than in your current situation. Be sure to work with a reputable institution and do your research to ensure that the actions you are taking are truly in your best interests.

Finally, no financial maneuver will help you if you regularly spend more than you earn. When considering debt consolidation, you must first look at your expenses, create a budget, and cut back where you can. Debt consolidation will not solve existing financial problems that result from irresponsible spending. Debt consolidation in the right situation and on the right terms can be a useful tool for paying off debt. By having everything in one place, you can simplify your payments and pay off your debts faster. But, you should use these tools with caution and always do proper research before making any important financial decision.

Finance FYI is presented by 1st Security Bank.

AT Washington’s 1st Security Bank, we take a personalized and personal approach to your financial well-being. We live in the communities we serve, so our branches offer tailored solutions to their communities. We believe relationships make the difference, which sets 1st Security Bank apart.

Super Soco to unveil premium electric motorcycle brand for US and European market

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Super Soco electric motorcycles are known to be light, affordable, and plentiful. But now the company hopes to add the word “premium” to the list by launching a new brand of premium electric motorcycles for the US and European markets.

Super Soco is the primary brand offered by the Vmoto Soco Group, an Australia-based motorcycle and electric scooter company made in Asia.

We’ve seen many interesting Super Soco two-wheeler debuts over the past few years, from retro-inspired electric motorcycles to fast electric scooters bordering on maxiscooter territory.

The next big unveiling is expected to take place at the Milan EICMA Motorcycle Show later this month, where Electrek will wait in front and in the center.

Although we do not yet know what kind of electric motorcycle we will see, we have a first word on the name of the new brand: Vmoto. I guess the apple doesn’t fall far from the tree.

Now available in Canada (CNW Group / Motorino Electric Cycles)

Super Soco will continue to exist to primarily serve the Asian market, while the US and European markets will be targeted with the higher-end electric motorcycles from the Vmoto brand.

This decision follows Super Soco’s recent entry into the North American market.

Vmoto’s new high-end electric motorcycles will likely find the market ripe for new entries. Two large companies dominate the electric motorcycle market in the United States: Zero Motorcycles and Harley-Davidson.

Energica has also expanded its operations in the United States with a growing number of dealers, although the company’s sales figures remain low compared to Zero and HD. All three offer flagship models priced at or above $ 20,000.

Zero is the only company out of the three to offer fairly affordable entry-level models. Prices for its FXE start at $ 11,795, while the Zero S starts at $ 11,195. Federal and state incentives can help bring these prices closer to $ 10,000.

But Vmoto could enter the market with lower prices than Zero, although it remains to be seen if the quality could be comparable.

Other Asian electric motorcycles are now entering the North American market at affordable prices. Kollter has recently entered the US and Canadian markets, with prices starting just north of $ 6,000.

We’ll be sure to bring you all the news and updates straight from Vmoto’s debut at EICMA Milan later this month.

FTC: We use automatic affiliate links which generate income. Following.


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Iconic Italian motorcycle brand Moto Guzzi celebrates 100 years of greatness

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The famous Italian brand has spent a century making beautiful bikes for enthusiasts.



The V9 Bobber Centenario Edition tested in a wind tunnel
(Moto Guzzi)

I’m driving around Manhattan in a Moto Guzzi V7 Centenary Edition adorned with an anthracite and olive green livery. An 850cc V-twin that makes me want to go into the Swiss countryside and find some barbed wire to jump, a la Steve McQueen in The great Escape.

: DJ Ringo and his V9 Bobber Centenario
(Rizzoli)

Unfortunately, the attorney must be Park Avenue; a place with its own inherent risks, challenges and dangers. Madcap taxi drivers, lawless Uber drivers, road surfaces riddled with mafiosi holes and titled holes in overpowered German autobahn-worthy cars with no respect for other road users around them. I am not convinced that jumping barbed wire is more dangerous.

Moto Guzzi Griso 4V
(Rizzoli)

But the V7 with its improved 850cc engine is up to the task. Once familiar with the mental gymnastics of accommodating shaft-driven rear wheel torque pull, the V7 happily played with traffic.

Lots of low end growls made for fun shifting gears just to hear the bassoon from the brap come in while threading the traffic needle. The caps worked, and a brother in a waistcoat even nodded to congratulate that I had ridden on such a stylish steed. The costume might have helped, but I’m happy to credit the V7’s sleek lines and limited-edition color scheme.

Mat Oxley and his T3 Zagato
(Rizzoli)

The Guzzis occupy a special place in the world of motorcycles. A lot of character, and characters who are drawn to these bikes like moths to a flame. The combination of a twin drive and a cardan shaft provides a unique and moving interface with the tarmac. It should come as no surprise, then, that the eagle logo with the outstretched wings on every handcrafted motorcycle is a nod to a friend of the founders who died just before Carlo Guzzi and Giorgio Parodi created the Società Anonima Moto. Guzzi in 1921.

But Guzzi is more than just a soul, and has often sat on the cutting edge of technology, such as when he inaugurated the first motorcycle wind tunnel in the 1950s – still open for tours today in their factory in Mandello – the idea of ​​a tight-knit team. extraordinary engineers who won 15 world speed titles and 11 Tourist Trophy titles between 1935 and 1957.

Akira Nishimura and his 850 Le Mans
(Rizzoli)

Then, in the 1960s, Moto Guzzi created its 700cc 90 ° V-twin engine with the now ubiquitous shaft drive, destined to become the calling card of the manufacturer Mandello on models as legendary as the V7 Special, the V7 Sport, the California and the Le Mans. The engine has constantly evolved and today, flanked by advanced electronic control features, it powers the most popular Moto Guzzi two-wheelers, including the anniversary V7 that I drive.

To commemorate the 100 years of this fantastic brand, Rizzoli has released a book, Moto Guzzi 100 years, celebrating the legendary brand in its centenary year. The result is a testament to the unique status of Moto Guzzi, a brand which, a century after its debut, continues to embody the values ​​of its far-sighted founders. Since 1921, every Moto Guzzi that has traveled the roads of the world has been assembled by hand, with love, in the Mandello del Lario factory.

Tom Dixon and his custom Venier V7 from “Moto Guzzi: 100 Years”
(Rizzoli)

This deep authenticity is the distinguishing characteristic of every Moto Guzzi, and a value recognized and shared by the ten contributors to the book around the world: a famous actor, a writer, three journalists, an astronaut, a world-renowned architect, a Professor of Harvard, DJ and designer. Writer Melissa Holbrook Pierson, actor Ewan McGregor, architect Greg Lynn, journalists Marco Masetti, Mat Oxley and Akira Nishimura, DJ Ringo, designer Tom Dixon, astronaut Paolo Nespoli and Harvard professor Jeffrey Schnapp , who edited the book.

From London to Hollywood, from Tokyo to Sardinia, from Vermont to Mandello del Lario. A common thread that links characters who love Moto Guzzi and what its motorcycles represent, a passion that has created a common language between people from places so far away and with such different stories.

(Rizzoli)

Tags: motorcycles Books Moto Guzzi magazine article Moto Guzzi V7 Moto Guzzi: 100 years of motorcycles Rides Rizzoli

Maxime Staff

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Australian electric motorcycle brand locks funding ahead of production

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Savic Motorcycles is set to bring vehicle production back to Australia.

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Savic Motorcycles is set to bring vehicle production back to Australia.

Australian electric motorcycle maker Savic earned A $ 1.14 million (NZ $ 1.2 million) ahead of its first major production.

Much of this came from the Australian Federal Government’s Advanced Manufacturing Growth Center, a tax-funded acceleration and investment pool for Australian businesses. It will allow Savic to launch three versions of its C series, the Alpha, the Delta and the Omega.

Starting at the top, the Alpha is the most powerful version, delivering 60 kW / 180 Nm from its single electric motor and 11 kWh battery. The range is estimated at 200 km for the city. It can be recharged in four hours, although Savic doesn’t say if it can use fast chargers.

Switching to the Delta midsize gives you 40kW of power and 140Nm of torque powered by a 9kWh battery, enough for 150km of city driving. Its recharge time is three hours.

READ MORE:
* BMW and BMW Motorrad unveil Amby electric bike concept
* Electric moped built by Kiwi in the streets
* Honda, Piaggio, KTM and Yamaha have teamed up on the batteries

Finally, the Omega is the entry-level model, with 25 kW / 110 Nm, a 7 kWh battery with a recharge time of two hours and 120 km of range in the city.

Three versions will be offered, for very reasonable prices.

Provided / Content

Three versions will be offered, for very reasonable prices.

All models are equipped with ABS, drive modes, inverted forks and Pirelli rubber. The Alpha also gets Brembo brakes up front.

The bikes also look great, with a café-racer aesthetic paired with a large battery slab in the center. Dual stacked headlights give the front a streetfighter look, aided by the low handlebars, while the one-sided swingarm and triple spoke wheels are reminiscent of the Ducati 916.

The Alpha is priced at AU $ 23,990 (NZ $ 25,414), then $ 16,990 (NZ $ 17,999) for the Delta and $ 12,990 (NZ $ 13,761) for the Omega.

Naturally, a fully digital dashboard is standard for the electric motorcycle.

Provided / Content

Naturally, a fully digital dashboard is standard for the electric motorcycle.

These are very much in line with the competition – bikes like the Ducati Monster 1200 (NZ $ 24,995), the Kawasaki Z900 (NZ $ 17,495) or the Triumph Trident 660 (NZ $ 13,790).

Combustion counterparts produce more kilowatts, but the high torque figures of the Savic models should offer some fierce competition, especially off the line. Since the LAMS regulations only specify horsepower in relation to weight, disregarding torque, there is a possibility that the Omega will be sold to apprentice riders as well.

Thing has contacted Savic to see if a launch in New Zealand is planned.

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Australian electric motorcycle brand ‘Savic’ gets green light

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The brand – which was founded by a former engineer at Ford Australia – has secured funding to begin local manufacturing.

The new automotive starter brand Savic Motorcycles is set to become Australia’s leading manufacturer of high performance, zero emission electric motorcycles.

The Victoria-based brand – founded by former Ford Australia optimization engineer Dennis Savic – has announced it has raised A $ 1.14 million in funding, giving production the green light.

More than half of the co-investment comes from the Federal Government’s Advanced Manufacturing Growth Center – a taxpayer-funded acceleration and investment pool for Australian businesses.



Savic Motorcycles says it will introduce three versions of its “C-Series” electric motorcycle by the end of 2022, with the entry-level variant set to start at $ 12,990.

Called the Savic ‘C-Series Omega’, the cheapest motorcycle in the range is expected to feature a 25kW electric motor, with the brand claiming performance similar to a 300cc gasoline equivalent.

Savic also mentions that it will introduce a 40 kW and 60 kW / 200 Nm “C-Series Alpha” “C-Series Delta” model at the same time, with a list price expected to start from $ 16,990 and $ 23,990. $ respectively (before road costs).

The most powerful Savic C-Series Alpha motorcycle will be equipped with a 16 kWh lithium-ion battery, allowing a theoretical range of 250 km and a 0 to 100 km / h in 3.5 seconds.

Along with many Australian companies involved in the project, Savic’s engineering team is expected to begin calibrating a unique anti-lock braking system with Bosch Australia, a leading supplier to global automotive brands.

Dr Jens Goennemann, Managing Director of AMGC, said: “Savic Motorcycles are leading the way for electric mobility in Australia by leveraging top designers, engineers and manufacturing partners to deliver unmatched performance motorcycles for riders. local and global customers.



“Savic is proof that when you embrace the entire manufacturing process, from design to research and development to sales, there are exciting times ahead for Australian manufacturing. ”

The Savic range of motorcycles will be launched at the end of 2022 in Australia.

Justin narayan

After more than a decade working in the product planning and marketing departments of brands like Kia, Subaru and Peugeot, Justin Narayan has returned to being an automotive writer – the very first position he has held in the industry.

Learn more about Justin Narayan

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Chinese motorcycle brand Benda unveils two V4 engines

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The Chinese motorcycle brand recently presented two V4 engines, a 1,200cc displacement and a smaller 500cc V4 at the CIMA auto show.



develop See the pictures

Chinese brand Benda unveiled two new V4 engines, a 500 cc and a 1,200 cc V4

Chinese motorcycle brand Benda unveiled two new V4 engines at the recent CIMA auto show in Chongqing, China. Both engines feature the same design but have two different displacements, although they are both liquid cooled, and are 70 degree V4 units, with DOHC and 16 valve cylinder heads. The larger version, with the code name “BD476” has a displacement of 1,198 cc and will have 152 hp at 9500 rpm and 121 Nm of maximum torque at 7,500 rpm. Once launched into production, perhaps in a new heavy-duty cruiser motorcycle, this engine should form the basis of China’s most powerful motorcycle.

Read also: Benda LFS-700 Flat Tracker unveiled

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1200cc V4 engine produces 152hp at 9500rpm and 121Nm at 7500rpm

The smaller V4 engine, named “BD453”, has a capacity of just 496cc, and horsepower is also much less, with a maximum output of 56hp at 10,000rpm and maximum torque of 45Nm at 8,000 rpm. The two engines look almost identical, except for the change in displacement, and there will likely be some components that will be shared between the two. So far, only the engines have been unveiled, and it is unlikely that a new model with one or both new V4 models will be unveiled before the end of 2022.

Read also: Benda LFC-700 Cruiser unveiled in China

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500cc V4 engine develops 56hp at 10,000rpm and 45Nm at 8,000rpm

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Benda Motor Group is the brand of Hangzhou-based Zhejiang Changling Binjiang Motorcycle Co., Ltd., which builds a range of small-displacement scooters and motorcycles, up to 400cc capacity with even two-cylinder engines. . Earlier this year, Benda unveiled the LFC 700, the brand’s first four-cylinder model, with a 680cc inline-four engine.

For the latest automotive news and reviews, follow carandbike.com on Twitter, Facebook and subscribe to our YouTube channel.


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Buell Hammerhead marks the revival of the American motorcycle brand

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The Buell Motorcycle brand also has a connection to India when Hero MotoCorp acquired a stake in Erik Buell Racing, founded by the founder of Buell.



develop See the pictures

The Buell Hammerhead 1190RX is based on the EBR 1190 platform

Buell Motorcycles is set to launch the brand’s new model, the 2022 Buell Hammerhead 1190RX. The latest news once again marks the rebirth of the famous American motorcycle brand. The Buell name has been silent since 2009, when the company was shut down by then-owners Harley-Davidson. After the company closed, Buell founder Erik Buell created Erik Buell Racing (EBR), which also had a connection with India, with Hero MotoCorp acquiring 49% stake in EBR in 2013. Liquid Asset Partners (LAP) bought EBR in 2016, and also acquired the Buell name from Harley-Davidson, and now promises to launch 10 new models by 2024.

Read also: Buell Motorcycles is back in business

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The Buell Hammerhead 1190RX sports bike will be one of 10 new models the company intends to release through 2024. Other models include a bare sports bike, followed by a Super Tourer.

“We’re excited to bring Buell back with this impressive assortment of superbikes and performance bikes. We’re starting with the fastest American production motorcycles, hand-built in the US, so that’s a good start. these platforms for more tours and adventure models, then we are expanding our trips to be competitive with other global brands. We have already launched a mountain bike with Cipala Racing which won an AMA championship, and Buell will dominate at (the National Hot Rod Association) this year The future will be fast and fun on a Buell, ”said Bill Melvin, owner and CEO of Buell.

Read also: Erik Buell Motorcycles Closes Once Again!

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The Buell Hammerhead is based on the EBR 1190RS, formerly released by EBR, and features a revised 1190cc Rotax Helicon V-twin engine, with a peak output of 182 hp at 10,600 rpm and maximum torque. from 138 Nm at 8,200 rpm. And the Hammerhead features top-of-the-line components, including fully adjustable upside-down Showa big piston forks up front and a unique, fully adjustable, straight-mounted Showa monoshock. The Hammerhead 1190RX will only be the first of the bikes under the relaunched Buell brand. It will be followed by an 1190SX shortly thereafter, followed by a Super Tourer based on the same platform in 2023. Looks like Buell is back, again, and we can’t wait to see how the story goes. will take place this time around!

For the latest automotive news and reviews, follow carandbike.com on Twitter, Facebook and subscribe to our YouTube channel.


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Mahomes Capital takes a look at how to consolidate credit card debt

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Mahomes capital understands that life comes, and sometimes debt is inevitable. You can avoid high daily compound interest and save money for your future and your family with a Mahomes Capital Debt Consolidation loan for your unsecured debt.

Based on Mahomes Capital customer reviewsThis simple step allows you to take control of your finances and save thousands of dollars over your loan. It’s money that goes in your pockets – not your lenders or credit card companies.

Mahomes Capital Examines How To Consolidate Credit Card Debt 1

Credit card debt consolidation

Even if you manage to graduate without incurring student debt, chances are you have a credit card.

If this debt starts to get out of hand, it can be difficult to make payments on time and in full.

The quickest route to financial and emotional freedom is to pay off your balances.

However, when you have multiple balances spread across multiple cards, it can be difficult to stay afloat.

What can you do, then, to better manage credit card debt and pay it off permanently?

You can get your debt under control, but first you’ll need to formulate the right strategy.

Debt consolidation can be a catalyst for this process. With this approach, you will consolidate multiple debt balances into one monthly payment.

You would take out a new line of credit or a new loan and then use it to pay off your debt. You then focus on managing and repaying a single balance.

Not only will you no longer need to juggle creditors, you will also find that you may even get better terms. This is where the real benefit of debt consolidation will be felt. You will make your monthly payment more manageable, or you could take this opportunity to pay off the debt faster.

Is debt consolidation always a good idea?

Debt consolidation can seem like a good idea if you are feeling overwhelmed by your overdue credit card balances.

Before you dive in, however, you should understand that debt consolidation is not a one-size-fits-all solution.

This approach works best as part of a longer term financial plan. You will need to think hard about the problem before deciding if it would work for you.

Ask yourself the following questions:

  • Are you fully committed to changing your behavior? You should spend less than what you earn, stop charging anything on your credit card, and commit to a savings plan
  • Are your income sufficient to repay your consolidated debt in 5 years?
  • Is your total credit card debt half of your gross income or less?

If you answered “Yes” here, debt consolidation might be a good option for managing and paying off your credit card debt. If you are not sure, this is probably not the right solution.

Debt consolidation is very effective if you stop doing the things that caused you to accumulate debt. You will need to change your lifestyle to meet your financial goals. Otherwise, you might end up moving the problem rather than solving it.

Mahomes Capital Examines How To Consolidate 2 Credit Card Debt

Credit Card Debt Consolidation: Getting Started

The best way to start is to consolidate debt on a credit card with an introductory rate of 0% APR. This will give you the opportunity to pay off your balance without getting in the way of interest.

This offer will end, so it is crucial to have a fixed repayment plan in place before initiating the balance transfer. This will allow you to maximize the profit from the interest-free period.

The Chase Slate Credit Card is expressly designed to help consumers pay off credit card debt through balance transfers. There is no charge for the card if you transfer balances within the first 60 days of opening your account. After that, you will pay a 5% fee to transfer any balance. The card gives you 15 months at 0% APR for balance transfers. There is no annual fee with this card.

Alliant Credit Union issues two credit cards: the Visa Platinum Rewards card and the Visa Platinum card. Both cards come with 12 months of 0% APR and neither has an annual fee. Balance transfers are also generally free.

How Does Your Credit Score Affect Debt Consolidation?

When looking for credit cards, you will need a good credit score.

Here are some easy ways to improve a reporting score:

  • Make all payments in full and on time and in full
  • Don’t open multiple new accounts at once and don’t close multiple accounts either
  • Reduce the number of inquiries on your credit report
  • Pull your report and check for errors

How To Consolidate Credit Card Debt With Loans

If your credit is above average, you may be eligible for a debt consolidation loan. This will attract a higher interest rate than the majority of balance transfer cards, but you will have the option of paying off your balance over a fixed period of time.

If you don’t like the idea of ​​another revolving line of credit and want the security of a guaranteed repayment date, this might be a good solution.

The process works similar to a balance transfer credit card. You’re applying for a personal loan or installment loan that is large enough to service your credit card debt.

If approved, the lender purchases the debt and places it on your loan. It should be at a much lower interest rate.

Credit union debt consolidation loans are an alternative if you don’t like this approach. Credit unions are generally flexible and work with more people than banks.

You can also consider peer-to-peer loans for credit card debt consolidation. This is an attractive option if you cannot qualify for a regular loan from a traditional bank. These loans often have low interest rates and favorable terms, so they are worth exploring.

Can Debt Consolidation Affect Your Credit Score?

Your FICO score is based on 5 components:

  • Payment history: 35%
  • Amount: 30%
  • Length of credit history: 15%
  • Credit mix: ten%
  • New credit: ten%

Debt consolidation can affect your credit in a number of ways, both good and bad.

When you apply for a personal loan or credit card for debt consolidation, it goes as a serious inquiry into your credit report. Too many of them can hurt your score on each request, causing your score to drop by around 5 points.

Your credit utilization rate is also crucial. This is the ratio of your available credit to the amount of credit used. Keep this at 30% or less.

By opening a new line of credit or a new loan, you could help reduce your usage rate, as long as you don’t close any cards.

How about a debt relief agency?

If you are having trouble getting approval for a balance transfer credit card or loan, it might be time to determine if a debt relief agency or maybe even bankruptcy. might fit more easily. Both of these avenues are avenues of last resort, and you should pursue either one lightly.

A debt relief agency will negotiate with creditors on your behalf. The goal is to get a lower interest rate on the outstanding unsecured debt. Sometimes they might even reduce your total balance.

Unfortunately, this is an industry filled with companies using questionable tactics. There are good agencies out there, but finding one can be difficult.

Make sure you research the agency, costs, how the agency will make payments, and perhaps most importantly, check out plenty of customer reviews. If you are having a lot of complaints through the Better Business Bureau, look elsewhere.

Most agencies will insist that you close any credit cards they are helping you pay off. This could temporarily damage your credit score.

An agency will also charge a fee calculated as a percentage of consolidated debt.

Filing for bankruptcy will also incur legal fees and blast your credit score for years to come. It takes 7 years to fully rebuild your credit after bankruptcy.

Consolidation is useless without a plan

Create a budget to better understand your income and expenses.

Review your expenses and write down your future goals.

If you’re considering debt consolidation, all that matters is finding a plan that works and committing to it completely. Also, avoid taking on new debt, as this will only slow you down.



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Delfast relaunches the Dnepr motorcycle brand

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Photo: Delfast

We have another contender for the title of Ultimate Zombie Brand. After withering in the post-Soviet era, the Dnieper brand was relaunched. However, the revived society will be very different from the previous iteration.

Founded in Ukraine after World War II, Dnieper was one of the many Communist factories that built design adaptations of the BMW R71. The Germans and Russians used the R71 design during WWII, with a sidecar attached to the motorcycle for utility purposes (making it much easier to carry a light machine gun and a few belted ammunition crates of this way !). After WWII, the Soviets continued to produce the design, through factories in the Urals and Dnieper, and also gave the design to China, which used it to build the similar CJ750.

The new Dnepr is nothing like these bikes. It is an electric motorcycle, built to handle the land speed races at the Bonneville Salt Flats. Obviously, it’s not an app aimed at consumers, but the accompanying press release reveals that it was Ukrainian e-bike maker Delfast that bought the brand. Does that mean we’ll see Dnepr come back as a budget battery bike brand? That would be very cool, if so!

We’ll probably know more about the Dnieper’s efforts in the salt marshes in a few days. Ukrainian runner Serhiy Malik rides his bike in Bonneville; it’s already rode in 2017 and 2018. That’s about all we know about this project at this point, though.

Ready to handle the salt marshes again. Photo: Delfast

Press release:

Delfast and DNEPR relaunch the legendary bike to break a speed record at Bonneville

Utah, United States (Aug 9, 2021) – Delfast co-creates the first prototype of the Delfast-Dnepr electric motorcycle. The new model takes part in Bonneville Speed ​​Week 2021 to set a new speed record in the Omega “A” motorcycle category.

The Delfast-Dnepr electric motorcycle has been specially made for racing in partnership with the famous Ukrainian motorcycle manufacturer Dnepr. The model is based on the legendary Dnepr electric motorcycle which set a record at Bonneville Speed ​​Week in 2018 with a speed of 104.78 mph. The new bike has been significantly improved to provide more power and greater range.

The rights to the DNEPR brand, including technological developments, design documentation, intellectual property of existing developments and the design of the iconic motorcycle model, belong to Delfast.

The author, ideologue and creator of the motorcycle is Serhiy Malik, a Ukrainian racer and motorcycle rider at this year’s competitions in Bonneville. He is also multiple champion at Bonneville Salt Flats in 2017 and 2018.

About DELFAST INC. :

Delfast revolutionized the electric bicycle market by setting the Guinness World Record for the electric bicycle with the longest charging range on record. People in over 40 countries enjoy the ride with Delfast, including ordinary citizens, police officers in Mexico and the United States, and individual entrepreneurs who use e-bikes for business purposes. Delfast employees are dedicated to reducing carbon emissions by making high quality electric bicycles and thus generating an environmentally friendly society.

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Royal Enfield Becomes New Zealand’s Best Midsize Motorcycle Brand


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Royal Enfield has taken the world market by storm. It all started in 2018, when the once-obscure Indian motorcycle maker launched one of the best retro-styled bike duos on the market. I’m talking about the Interceptor 650 and the Continental GT 650, Royal Enfield’s claim to world fame. Both the Interceptor 650 and the Continental GT 650 have attracted large audiences around the world.

That said, Royal Enfield recently took a pretty impressive step in the Land Down Under. In New Zealand, Royal Enfield took the crown as the best-selling motorcycle brand by sales in the mid-size motorcycle segment. Comprised of motorcycles with a displacement of 250cc to 1000cc, Royal Enfield has overthrown industry giants in the New Zealand market and continues to stand out with an impressive fleet of classically styled machines. In its official press release, Royal Enfield says it has seen a remarkable affinity with the brand through its charming retro-styled bikes that cater to all types of riders.

Vimal Sumbly, Asia Pacific Sales Manager (APAC) at Royal Enfield, expressed his enthusiasm for this achievement: “We are absolutely delighted to have become the first midsize motorcycle brand in New Zealand. Royal Enfield has focused on growing and leading the middleweight segment market across the globe and becoming a truly global motorcycle brand. We have constantly grown our network, reach, products, apparel, GMA line and offerings to appeal to customers. In fact, since entering Australia and New Zealand we have received great feedback and love from motorcycle enthusiasts.

Likewise, Joseph Elasmar, CEO of Urban Moto Imports, responsible for sales and distribution of Royal Enfield in Australia and New Zealand, said: “We are really proud of our association with Royal Enfield in Australia and Australia. New Zealand, while being able to share the same brand values. We have a bright future ahead of us, especially in the mid-size motorcycle segment. Royal Enfield’s unique form of motorcycling centers on the idea of ​​an absolute connection between the rider, the machine and the terrain it traverses. This is what we call ‘Pure Motorcycling’.

Royal Enfield continues to prove itself as a force to be reckoned with in the global motorcycle industry. Having recently launched the Meteor 350, a small displacement cruiser suitable for beginners, the brand is attracting even more riders for the first time in the motorcycle lifestyle. On top of that, Royal Enfield has some very exciting motorcycles in the works, so be sure to keep your eyes peeled for the company’s upcoming launches.

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Electric motorcycle brand LiveWire presents its first bike


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Harley-Davidson’s latest motorcycle is not a Harley-Davidson. It’s a LiveWire – a new standalone brand for two-wheeled electrical devices.

“We are committed to making Harley-Davidson the electric leader,” Harley-Davidson President and CEO Jochen Zetz said in a statement announcing the new brand’s first bike. Introduced Thursday, the LiveWire One is an electric motorcycle designed for urban driving.


What would you like to know

  • The LiveWire One is the first bike from Harley-Davidson’s new brand of self-driving electric motorcycles
  • Similar to the Harley-Davidson LiveWire, the One can travel 146 miles per charge and recharges from 0 to 100% in an hour
  • The starting price is $ 21,999
  • The LiveWire One will make its public debut on July 18 at the Progressive IMS Outdoors Show in Sonoma, California.

It’s been preparing for years. Harley-Davidson introduced its first electric motorcycle, the LiveWire, in 2019, after five years of real-world consumption testing. The LiveWire One is an evolution of that bike that imports many of its features, including a haptic system that lets riders know it’s working by pulsing the seat, and an app that can track its charging status.

The LiveWire One has a range of 146 miles – the same as the original LiveWire – and a similar recharge time of 0-100% of an hour. Its styling is almost identical, with a silver motor topped with a black battery pack presented in a trellis frame.

What’s different with LiveWire One is its cost. With a starting price of $ 21,999, that’s almost $ 8,000 less than the Harley version.

With its spinoff brand, Harley caters to a different audience: urban, affluent, young and tech-savvy. Similar to many modern sports motorcycles, the One incorporates a new advanced steering system that tracks the acceleration, direction and lift of the wheels of the bike to measure, monitor and anticipate its movements.

According to the LiveWire website, “Our vision is to create the next generation of motorcycles with products and experiences that merge the power and technology of electric vehicles with the unique and moving connection of an analog machine. Together, the two create a new emotion that defines LiveWire. “

Unlike traditional Harley-Davidsons which run on gasoline and are also praised for their style, status, and almost trademarked ‘potato-potato’ exhaust cadence, the LiveWire brand aims for a more understated experience with a look and a quietness. minimalist Apple. . Being electric, it does not roar. He purrs.

It is also easier to ride than a traditional motorcycle. There is no hot exhaust pipe. Riders do not need to coordinate all of their ends to operate the controls because there is no clutch or shifting. They just turn the handle, and they’re off.

The LiveWire One will make its public debut on July 18 at the Progressive IMS Outdoors show in Sonoma, Calif., But it’s already available to order on LiveWire.com, where potential buyers can also schedule demos.

LiveWire One will be available at 12 LiveWire branded resellers in California, New York and Texas. Southern California Harley-Davidson dealers who will carry the LiveWire brand include Glendale Harley-Davidson, Huntington Beach Harley-Davidson, Riverside Harley-Davidson, and San Diego Harley-Davidson. Other dealers will be added in the fall.

CORRECTION: An earlier version of this article incorrectly stated the name of the motorcycle show where LiveWire One will be featured this month. The error has been corrected. (July 8, 2021)

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Bajaj – Sri Lanka’s ‘Most Beloved Motorcycle Brand’


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For the third year in a row, Bajaj has become the “most beloved motorcycle brand” in Sri Lanka, according to Brand Finance Lanka, in the 18th edition of its annual review.

Bajaj, the world’s fourth-largest manufacturer of two-wheelers, is recognized in more than 72 countries in Latin America, Africa, the Middle East, South and South-East Asia for its range of motorcycles including CT 100, Platina, Discover, Avenger, Pulsar , etc.

Bajaj Motorcycles, with its affordability, fuel economy and performance, has become an integral part of the Sri Lankan landscape with a motorcycle for every segment of the market.

The Bajaj brand has been selected by Brand Finance Lanka in its annual reviews since 2011 and as “Most Beloved Motorcycle Brand” in 2019, 2020 and 2021.

“We are extremely proud to be the ‘Most Beloved Motorcycle Brand‘ in Sri Lanka for the third year in a row. We are grateful to our customers for placing their trust in Bajaj and David Pieris Motor Company (Pvt.) Ltd. (DPMC) and our employees for doing their best to be there for our customers and our communities at a time when it never mattered. Following; their dedication is reflected in the strength of our brand, ”said Mr. Lakmal De Silva, Deputy General Manager (Vehicle Sales).

Mr De Silva added: “A motorcycle is often the first vehicle an individual owns, and it is a source of pride as well as a means of transport. We have therefore ensured that our commitment to the brand does not end with sales, but focuses on the after sales services we provide throughout Sri Lanka, supported by an extensive network of over 1,400 dealers. of sales, service and spare parts, the largest in the automotive industry. “

The brand funding winner for each category is based on research where respondents provide feedback on individual brands by industry, with the highest ranking for each presented in a consolidated table. The criteria for being on the list of brands to consider, in each category, are based on Brand Finance’s brand database and historical data collected over the past 10 years.

David Pieris Motor Company (Pvt) Ltd, the country’s largest automotive company, has been the sole distributor in Sri Lanka for Bajaj and KTM for more than four decades.

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This brand of electric motorcycles sold in just 2 hours, grossing $ 7 million


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Sales of electric motorcycles have gained traction around the world, but Revolt’s RV400 could take the cake for the fastest sale.

Indian electric motorcycle company Revolt Motors has benefited from the country’s FAME II grants that incentivize the purchase of electric vehicles.

Few places in the world see more two-wheeled traffic than India, and thus encouraging the large population to switch to electric motorcycles has been a main goal of the government.

The FAME II grant put the price of the Revolt RV400 at nearly RS 90,000, the equivalent of about US $ 1,200.

The electric motorcycle was first launched at the end of 2019 and has seen roller coaster production. Now the company is struggling to keep it in stock, as evidenced by the sale of the bike in just two hours after orders reopened. Revolt Motors claims to have sold RV400s for almost US $ 7 million in those two hours.

For the reasonable price of the motorcycle, bikers get an 85 km / h (53 mph) electric motorcycle with a 3kW continuous mid-drive motor. The bike is equipped with a removable 72V and 45Ah battery offering a capacity of 3.24 kWh.

That’s enough battery to provide the RV400 with a range of 150 km (93 miles) in ECO mode, or up to 80 km (50 miles) in SPORT mode.

Large 17 inch wheels are especially suited to the variety of road surfaces in India and tackle unpredictable terrain better than small scooter wheels.

The 150cc class electric motorcycle is rather light at only 108 kg (238 lb), but offers seating for two and has proven to be an efficient alternative to gasoline two-wheelers in India.

India has emerged as a leader in the field of light electric motorcycles, and many in the industry are considering the day when Indian companies will expand to offer exports to other countries.

Some Indian electric two-wheeler companies are already considering key overseas markets. Ola Electric is building an electric scooter factory designed to produce 2 million electric scooters per year with an eventual production of 10 million scooters per year. The company is already planning to export a significant number of these two-wheelers to international distributors, which would make it one of the first Indian companies to sell electric two-wheelers internationally.

Other international companies are looking to obtain in the Indian market. Taiwanese operator of electric scooters and exchangeable battery networks Gogoro recently signed an agreement with India’s Hero, the world’s largest motorcycle manufacturer. The deal will see Gogoro’s exchangeable battery network used in the country for electric two-wheelers designed to operate under Gogoro’s exchangeable battery standard.

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What to expect from LiveWire, Harley-Davidson’s brand of electric motorcycles


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Last month, Harley-Davidson announced that it was launch of LiveWire as a separate brand dedicated to electric motorcycles, with the first model of the LiveWire brand to be unveiled on July 8. Now that we’re halfway there, we’ve thought to take a look at recent developments in the LiveWire brand and what we can expect at the next launch of the month.

Discuss this story more on our HD LiveWire forum

First up, a recap of what Harley-Davidson says LiveWire, the brand, will be. According to Jochen Zeitz, CEO of Harley-Davidson: “By launching LiveWire as a fully electric brand, we are seizing the opportunity to lead and define the electric vehicle market. With a mission to be the world’s most desirable electric motorcycle brand, LiveWire will pioneer the future of motorcycling, for the pursuit of urban adventure and beyond. LiveWire also plans to innovate and develop technology that will be applicable to Harley-Davidson electric motorcycles in the future. “

LiveWire will operate primarily from two different hubs, in Harley’s original base in Milwaukee, Wisc., And in Silicon Valley, California, at a center called “LiveWire Labs”. The new brand will work with participating dealers in the extensive Harley-Davidson dealer network, but will also open its own dedicated electric vehicle showrooms.

The new LiveWire logo eschews any traditional Harley-Davidson iconography. Instead of a bar and a shield, we have an L and W stylized as a series of angular strokes.

Motorcycle.com can now confirm that the premiere of these LiveWire-owned showrooms will be at Canoga Park in Los Angeles, California. Over the past two weeks, Harley-Davidson has posted several vacancies for the Canoga Park location, including for a dealership general manager, sales consultant, maintenance technician, finance manager and office manager. Obviously, HD intends to roll out this new dealership for next month’s launch. Harley-Davidson also recently posted several software and engineering jobs related to electric vehicles for its two hubs.

So what can we expect from next month’s launch? All Harley-Davidson has confirmed so far is that the “first LiveWire branded motorcycle” will be announced on July 8th. The motorcycle’s first public appearance was scheduled for the next day at the International Motorcycle Show in Irvine, California. The Progressive IMS has since been forced to postpone this event as the original location was no longer available. Harley-Davidson hasn’t said anything official, but we expect the July 8 announcement to go as planned, with the public debut likely taking place at the upcoming IMS event, July 16-18 at Sonoma Raceway. in Sonoma, California.

Assuming the July 8 event takes place, it’s still unclear what will be revealed. The simplest assumption is that the first LiveWire brand motorcycle is… the LiveWire. Technically, Harley-Davidson hasn’t officially announced LiveWire 2021 (we’ll call it by its model code “ELW” from now on to avoid confusion), although it did show photos of the ELW with the new logo of the sub-brand. On the company’s press site, however, the ELW is still presented with last year’s colors and the Harley-Davidson branding. It stands to reason that LiveWire will unveil ELW 2021 with more color options next month.

If it did, however, it would be quite disappointing. More interesting would be if Harley finally put one of its electric concept models into production.

The most intriguing of these concepts is an “average” electric model that would present a more affordable option than the $ 30,000 ELW. Harley-Davidson had previously shown two sketches of this model. The first is on the left in the composite above, and the second is pictured below.

In this last sketch, the model is labeled “EDT600R”, which probably means “Electric Dirt Tracker”. The EDT600R once featured prominently in the future models section of the Harley-Davidson website, but as we were the first to notice, the sketch was quietly withdrawn at some point late last year.

Could the EDT600R be the first LiveWire branded model? If so, we think it won’t have the same flat tracking style that the sketches describe it. Styling its first bike with design cues from the company’s flat track history would be a step backwards if Harley-Davidson intends to establish LiveWire as its own brand. As we pointed out with the new logo, LiveWire appears to be forging its own course in the industry. A redesigned model with the same bones may be more likely.

A second contender is the lightweight concept inspired by off-road motorcycles, one of the two Harley-Davidsons debuted at the X Games in 2019. Harley-Davidson has made little mention of the concept since then, but we can confirm that the Development continued, with a couple of patent applications filed in 2020. One patent was for the concentric electric motor of the swingarm and another for maintaining a balance between drive torque and regenerative braking.

Harley-Davidson Electric Motocross Patent

With its large, thin wheels and lightweight frame, the concept is more bike-like, but its throttle grip and fixed pegs technically make it a motorcycle and a candidate to be the focus of next month’s launch.

A third contender, and we think he’s the most likely to come next month, is the other concept that Harley-Davidson showcases at the X Games. With more than one scooter form factor, it’s debatable if this still counts as a motorcycle, but it fits LiveWire’s stated purpose of the urban market.

We can also confirm that the development of this electric scooter has progressed to the point that Harley-Davidson saved designs for what appears to be a production-ready model.

Discuss this story more on our electric motorcycle forum

We’ll know for sure what Harley-Davidson has in store for the LiveWire brand on July 8. Until then, we’ll keep an eye out for any new developments.


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UK motorcycle brand Norton, owned by TVS, to launch in India – Report


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Norton owns the brand of four motorcycle names in India, and the brand is expected to debut here in the near future.

In April of last year, TVS Motor Company acquired UK-based motorcycle manufacturer Norton. Now, according to a recent media report, TVS may be considering launching the British brand in India. There is no clear timeline as to when Norton will debut in our market, but it is expected to happen in the near future.

Norton currently owns the brand of four names in India: Norton Commando, Norton Altas, Norton Manx and Norton Fastback. The manufacturer specializes in retro themed motorcycles, medium to large displacement, ranging from 600cc to 1200cc. This makes it a natural competitor to Royal Enfield, which is currently considering expanding its range in the 350cc to 650cc range in the Indian market.

TVS is not the only Indian two-wheeler manufacturer intending to capture the premium motorcycle market in India. Hero MotoCorp has partnered with Harley-Davidson and will manage all of its operations in India. Even Bajaj seems to have plans in that direction, and he even filed a trademark for Excelsior-Henderson, a former US-based motorcycle brand, last year in India.

norton motorcycles commando dominator-29

With Norton, TVS might be able to enter the premium motorcycle market in India. However, Royal Enfield currently dominates this space and TVS would have to work extremely hard to be able to break RE’s hold on the segment. It would be interesting to see what TVS has in store for us.

Currently, the biggest motorcycle in the TVS lineup is the Apache RR 310, which was co-developed with BMW and shares its platform with the BMW G310 R and G310 GS. It is powered by a 312.2cc, liquid-cooled, reverse-tilt, single-cylinder engine. This engine is capable of generating a maximum power of 34 hp and a maximum torque of 27.3 Nm, and is associated with a 6-speed sequential gearbox.

According to speculation, TVS could also introduce an adventure motorcycle based on the same engine and platform as the Apache RR 310, but there has been no official word on this. If this is true, this next TVS adventure bike would undermine the BMW G310 GS and the KTM Adventure 390, and thus become a good value product.

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TVS Motors to launch the Norton Retro-Motorcycle brand in India: challenger Royal Enfield


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TVS Motor Company acquired Norton Motorcycles for Rs. 153 crore in an all-cash transaction. It happened last year. TVS acquired certain assets of Norton through one of its overseas subsidiaries. According to ET Auto, TVS could launch Norton Motorcycles in India. However, as of yet, there is no specific timeline on when Norton will enter the Indian market. The report also states that Norton has already registered for four motorcycles which are Norton Fastback, Norton Commando, Norton Manx and Norton Atlas.

Other Indian motorcycle brands are also partnering with bigger brands. For example, Hero MotoCorp will help Harley Davidson grow its services, parts and accessories business. Bajaj Auto has also registered a trademark for the Excelsior-Henderson name. This happened in December 2020. The mark was registered for motorcycle parts and clothing. So far there is no update on this situation.

TVS Motor Company is also helping Tamil Nadu in the fight against the coronavirus. The Indian motorcycle manufacturer has donated 500 oxygen concentrators to the government of Tamil Nadu. They will donate 1,100 additional oxygen concentrators over the next few weeks.

TVS Motors to launch the Norton Retro-Motorcycle brand in India: challenger Royal Enfield

The RR310 is priced at Rs. 2.49 lakhs ex-showroom. It is powered by a 312.2cc liquid-cooled single-cylinder engine jointly developed by BMW. The engine produces 34 hp of maximum power and 27.3 Nm of maximum torque. It is mated to a 6-speed gearbox with a slip clutch.

The motor comes with two pre-installed maps that you can choose from by changing the drive mode. There are Rain, Urban, Sport and Track. In Rain and Urban the power and output torque are limited to 28.5 PS and 25 Nm. While in Sport and Track you can use all 34 PS and 27.3 Nm. This is possible because the RR310 comes with a wired accelerator.

TVS Motors to launch the Norton Retro-Motorcycle brand in India: challenger Royal Enfield

The driving modes can be changed by switch gears mounted on the left switchgear which actuates the color TFT display. It is one of the most functional TFT displays available in the segment. It shows you your vehicle’s health information, post-trip scans, vehicle status, gearshift indicator, tachometer and much more. It can also take and reject calls as it comes with bluetooth. It can also show you step-by-step navigation so that you don’t have to mount your cell phone on the handlebars. TVS also offers Glide Through Technology PLUS (GTTP) which prevents the motorcycle from stalling and allows you to ride at very low speeds.

On the equipment side, TVS offers inverted front forks and a rear monoshock which has been tuned by KYB. It also works with Michelin Road 5W tires which is a huge improvement over the BS4 model.

Source

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Harley-Davidson launches LiveWire as its own brand of electric motorcycles

Harley-Davidson announced its launch LiveWire as its own brand dedicated to electric motorcycles. Going forward, LiveWire will not just be the name of Harley-Davidson’s first electric vehicle, but a brand unto itself spanning a number of models. The first LiveWire-branded model will launch on July 8 before a public premiere the following day at the International Motorcycle Show in Irvine, California.

Discuss this story further on our HD LiveWire Forum

Creating a brand of dedicated electric motorcycles was one of Harley-Davidson’s principles Cable plan. As a separate division, LiveWire will have complete autonomy over the development of electric vehicles, independent of Harley-Davidson’s internal combustion engine models.

“One of the six pillars of the Hardwire strategy is to lead in electrics – by launching LiveWire as an all-electric brand, we are seizing the opportunity to lead and define the electric vehicle market,” says Jochen Zeitz, Chairman and CEO. of Harley-Davidson “With a mission to be the world’s most desirable electric motorcycle brand, LiveWire will pioneer the future of motorcycling, for the pursuit of urban adventure and beyond. LiveWire also plans to innovate and develop technology that will be applicable to Harley-Davidson electric motorcycles in the future.

According to Harley-Davidson, this would enable “more agile decision-making and execution, and enable potential external partnerships for future developments.” LiveWire will be able to develop electric propulsion technology independently while benefiting from Harley-Davidson’s engineering, manufacturing, supply chain and logistics infrastructure.

In addition to a new logo, LiveWire will operate dedicated EV showrooms in select locations, with the first outlets opening in California. LiveWire will also work with participating Harley-Davidson dealerships as an independent brand with a mix of digital and physical retail formats.

What remains to be seen is whether the motorcycle we know as the LiveWire will keep that name or go by a new moniker. The brand’s new website www.livewire.com, currently shows a black liveWire with the new brand logo on the “tank” and no HD branding or bar and shield. The LiveWire brand instagram and Facebook the pages feature images of the bike in a new white color.

Discuss this story more on our electric motorcycle forum

We also don’t know what other products will come from the brand, including whether they will include previous Harley-Davidson electric concepts. had previously shown.

We will have to wait until July 8 for more details.


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Harley-Davidson makes LiveWire its own brand of electric motorcycles


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LiveWire, Harley-Davidson’s first electric motorcycle, will now become its own stand-alone brand. The Milwaukee-based company has announced that it will transform its electric motorcycle division into its own company with a distinct lineup and tailor-made retail experience. Harley-Davidson plans to unveil the “First LiveWire Brand Motorcycle” on July 8 to coincide with the International Motorcycle Show.

It’s a similar move to how Harley-Davidson approached its new e-bike company, Serial 1. The idea is for LiveWire to continue to benefit from its relationship with its parent company while forging its own distinct brand identity. from Harley-Davidson.

It’s a change from how the company has approached its current LiveWire model, in which the Harley-Davidson logo is on the front and center, while the LiveWire branding is virtually non-existent. And that’s a sign that in the future, Harley-Davidson wants to leave its electrified models on their own terms.

“With the mission to be the world’s most desirable electric motorcycle brand, LiveWire will pioneer the future of motorcycling, for the pursuit of urban adventure and beyond,” said Jochen Zeitz, President – Managing Director of Harley-Davidson. A declaration. “LiveWire also plans to innovate and develop technology that will be applicable to Harley-Davidson electric motorcycles in the future.”

There is a new logo and a new “virtual” headquarters, with engineering teams stationed in Silicon Valley and Milwaukee. LiveWire will work with Harley-Davidson dealers as an independent brand, with a mix of digital and physical retail formats.

When asked if this would include online orders, a Harley-Davidson spokesperson responded with a cautiously drafted statement. “It depends on what state you live in,” the spokesperson said. “LiveWire creates a buying journey that allows us to meet the expectations of a first digital shopping experience, supported by a network of engaged resellers who allow customers to choose their journey and engagement model. “

The question is whether this branding strategy will lead to better sales for Harley-Davidson’s electric models. Last year, Reuters reported that the company’s plan to attract a younger generation of riders with LiveWire was in trouble, with most of the pre-orders coming from older or pre-existing customers. Harley-Davidson’s overall sales have stagnated lately after hitting a low point in 2018.

The problem could be that the price, which starts at $ 29,799, isn’t much cheaper than a Tesla Model 3. Dealers have said Reuters that many younger customers were put off by the price.

Harley-Davidson also faces stiff competition from rivals like Zero Motorcycles, which recently partnered with powersports maker Polaris on a new line of electric ATVs and snowmobiles. And as the larger world of transportation goes electric, the company will come under increasing pressure from its shareholders to prove that its vision for the future can pay off.

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Harley-Davidson launches LiveWire, the brand of electric motorcycles (www.livewire.com)


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MILWAUKEE, May 10, 2021 / PRNewswire / – Harley-Davidson, Inc. (“Harley-Davidson”) (NYSE: HOG) today announced the launch of LiveWire as a brand of fully electric motorcycles.

(PRNewsfoto / Harley-Davidson Motor Company)

LiveWire is more than a motorcycle. LiveWire plans to redefine the electric, delivering the best experience for the urban cyclist, with personality and soul. LiveWire creates a unique connection between the driver and the vehicle. Today the next chapter of the LiveWire adventure begins.

Jochen zeitz, President, President and CEO of Harley-Davidson:
“One of the six pillars of the Hardwire strategy is to be the electric leader – by launching LiveWire as an all-electric brand, we are seizing the opportunity to lead and define the electric vehicle market. With the mission of being the most desirable electric motorcycle brand in the world, LiveWire will pioneer the future of motorcycles, for the pursuit of urban adventure and beyond. LiveWire also plans to innovate and develop technology that will be applicable to Harley-Davidson electric motorcycles in the future.

The first LiveWire branded motorcycle is expected to launch on July 8, 2021 and for the first time at the International Motorcycle Show on July 9, 2021. For more information and updates, register at livewire.com.

Single line: LiveWire draws on its nimble Harley-Davidson lineage disruptor DNA, capitalizing on a decade of learning in the electric vehicle industry and the legacy of the world’s most desirable motorcycle brand.

Motorcycles + beyond: initially focusing on the urban market, LiveWire will pioneer the electric motorcycle space, and beyond.

Virtual HQ: Innovative by design and attracting the best talent in the industry, LiveWire will have its virtual headquarters, with initial hubs in Silicon Valley, California (LiveWire Labs) and Milwaukee, WI.

Marlet : Upon launch, LiveWire will work with participating dealers in the Harley-Davidson network as an independent brand. An innovative go-to-market model will combine digital and physical retail formats, tailoring the experience to the local market and allowing customers to experience LiveWire on their own terms.

Dedicated showroom: seizing the opportunity to lead electric vehicles and innovate throughout the customer journey, LiveWire will operate dedicated electric vehicle showrooms in selected locations, from California. Here, customers will be able to experience the LiveWire brand in an immersive and innovative way.

Technological orientation: With a focus on electric vehicles, LiveWire plans to develop the technology of the future and invest in the capabilities needed to lead the motorcycle transformation. LiveWire expects to benefit from Harley-Davidson’s engineering expertise, manufacturing footprint, supply chain infrastructure and global logistics capabilities.

Technology sharing: Harley-Davidson and LiveWire intend to cooperate and share their technological advancements to ensure leading-edge application in their respective base segments.

About Harley-Davidson:
Harley-Davidson, Inc. is the parent company of Harley-Davidson Motor Company and Harley-Davidson Financial Services. Our vision: Building our legend and leading our industry through innovation, evolution and emotion. Our mission: More than building machines, we stand for the timeless pursuit of adventure. Freedom for the soul. Since 1903, Harley-Davidson has defined motorcycle culture with a growing line of cutting-edge, distinctive and customizable motorcycles, in addition to exceptional riding experiences and motorcycle accessories, gear and apparel. Harley-Davidson Financial Services offers financing, insurance and other programs to help Harley-Davidson riders get on the road. Learn more at www.harley-davidson.com.

Caution Regarding Forward-Looking Statements
The company intends that certain matters discussed in this press release are “forward-looking statements” intended to qualify for the safe harbor of liability established by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may generally be identified as such by reference to that footnote or because the context of the statement will include words such as the company “believes”, “anticipates”, “expects”, “plans”, “could “,” Will “,” consider “or words with similar meaning. Likewise, statements that describe or refer to future expectations, future plans, strategies, objectives, prospects, targets, directions, commitments or objectives are also forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties which could cause actual results to differ materially, unfavorably or favorably as of the date of this press release. Risks and uncertainties that could cause actual results to differ materially from these statements include, among others, the COVID-19 pandemic, including the duration and severity of the pandemic across the world and the pace of the recovery after the pandemic and the company’s ability to meet expectations regarding market demand for electric models, which will depend in part on building the necessary infrastructure, as well as issues noted by the company in its filings with of the SEC, including, but not limited to those described under “1A. Risk Factors ”in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020 filed with the SEC on February 23, 2021 and in Part II, Item 1A of quarterly reports subsequently filed on Form 10-Q. Shareholders, potential investors and other readers are urged to take these factors into account when evaluating forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included in this press release are made only as of the date of this press release, and the company disclaims any obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

### (HOG-F)

Cision

Cision

View original content to download multimedia: http://www.prnewswire.com/news-releases/harley-davidson-launches-livewire-the-electric-motorcycle-brand-wwwlivewirecom-301287631.html

SOURCE Harley-Davidson, Inc.

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Harley-Davidson transforms LiveWire into a standalone brand of electric motorcycles – TechCrunch


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Harley-Davidson’s electric motorcycle LiveWire is emerging as a standalone brand with a new logo and brand identity.

Harley-Davidson first unveiled the LiveWire electric motorcycle in 2018 with a listing price of $ 29,799, which puts it in the high end for motorcycles. It went into production the following year, with a few dents, including a brief stoppage in production due to a charging problem on one of the motorcycles. The “First LiveWire Brand Motorcycle” will launch on July 8. Its public debut will take place a day later at the International Motorcycle Show, Harley-Davidson announced on Monday.

Dealers have struggled to sell the bike to younger and newer bikers, Reuters reported in 2019. Part of the problem was the price, which is in the same category as a Tesla Model S, dealers said. in the news at the time. Given that Harley-Davidson’s hard core is still baby boomers, who are starting to age, the question is whether a new spin-out and rebranding can attract younger (and well-off) riders.

The two companies will share technological advancements and LiveWire “will benefit from Harley-Davidson’s engineering expertise, manufacturing footprint, supply chain infrastructure and global logistics capabilities,” said Harley-Davidson. Davidson Monday.

LiveWire will have dedicated showrooms, starting with California, and a “virtual” headquarters with hubs in Silicon Valley and Milwaukee.

Harley-Davidson is one of the country’s most recognized motorcycle manufacturers, but sales have struggled in recent years. The company’s annual revenue fell nearly 24% in 2020 from the previous year, although this is likely due in part to the economic effects of the coronavirus pandemic. The company also cut 700 jobs from its global operations last summer, as part of a restructuring plan known as “The Rewire”.

More recently, the company launched a five-year strategic plan called “The Hardwire”. The plan calls for investing more in the electricity market. The company has already started to move in this direction with the release last November of its Serial 1 Cycle electric bikes. Its Rush / Cty Speed ​​model can reach speeds of up to 28 mph and costs $ 5,000.

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Royal Enfield file for the motorcycle brand “Shotgun”

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ROYAL ENFIELD recently registered the trademark “Royal Enfield Shotgun”, it looks like a new bike could be on the way!

Or the oldest motorcycle brand in continuous production plans to go back to its roots and release a real shotgun – unlikely.

This was reported by BikeWale, among others, who found the application of the ‘Royal Enfield Shotgun’ word mark to be suitable for use in: ‘motorcycles, motor scooters, scooters, electric motorcycles’ as well as many other possible uses.

What will become of the Royal Enfield Shotgun?

Could this Shotgun name be planned for use with the recently spotted cruiser, which has yet to be officially announced? More so, would a new cruiser be part of a revamped approach to the 650 twins, similar to the Continental GT and the Interceptor 650, with two models sharing the same engine but with slightly different approaches?

Aside from the ‘Out of This World’ Meteor 350, the gun theme continues from their UK ‘Bullet 500’ model, so a 650cc cruiser named the Royal Enfield Shotgun 650 makes perfect sense.

It has also been reported that the now Indian-owned brand has also registered various other names in recent months including Roadster, Hunter, Sherpa, Flying Flea – while some can simply be bookmarked for potential use, d ‘others can be set to come out fairly quickly.

I really feel like I say this every time a Royal Enfield story pops up, but if the Sherpa ends up being a Himalayan with a 650cc twin engine, I’ll be a very happy man.

We will keep you posted on this developing story, until then keep your rooms loaded. Keep it Visordown.

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Advantages and disadvantages of debt consolidation – Forbes Advisor

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Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors.

Between credit cards, student loans, and auto loans, it can be difficult to keep track of payments and outstanding debt balances. Consolidating these debts into one loan can streamline your finances, but the strategy likely won’t solve the underlying financial issues. For this reason, it’s important to understand the pros and cons of debt consolidation before committing to a new loan.

To help you decide if debt consolidation is the right way to pay off your loans, we’ll explain the pros and cons of this popular strategy.

What is debt consolidation?

Debt consolidation is the process of paying off multiple debts with a new loan or balance transfer credit card, often at a lower interest rate.

The process of consolidating debt with a personal loan involves using the proceeds to pay off each individual loan. Although some lenders offer specialized loans for debt consolidation, you can use most standard personal loans for debt consolidation. Similarly, some lenders repay loans on behalf of the borrower, while others disburse the proceeds so that the borrower can make the payments themselves.

With a balance transfer credit card, qualified borrowers typically have access to a 0% introductory APR for between six months and two years. The borrower can identify the balances they want to transfer when opening the card or transfer the balances after the provider has issued the card.

Is debt consolidation a good idea?

Debt consolidation is generally a good idea for borrowers who have multiple high interest rate loans. However, this is only possible if your credit score has improved since you applied for the initial loans. If your credit score isn’t high enough to qualify for a lower interest rate, it may not make sense to consolidate your debt.

You may also want to think twice about debt consolidation if you haven’t addressed the underlying issues that led to your current debts, such as overspending. Paying off multiple credit cards with a debt consolidation loan is no excuse to build up balances again, and it can lead to bigger financial problems down the road.

Advantages of debt consolidation

Consolidating your debt can have a number of benefits, including faster and easier repayment and lower interest payments.

1. Streamlines finances

Combining multiple outstanding debts into one loan reduces the number of payments and interest rates you need to worry about. Consolidation can also improve your credit by reducing the chances of making a late payment or missing a payment altogether. And, if you’re working towards a debt-free lifestyle, you’ll have a better idea of ​​when all your debts will be paid off.

2. Can expedite payment

If your debt consolidation loan earns less interest than individual loans, consider making extra payments with the money you save each month. This can help you pay off debt sooner, saving even more on long-term interest. Keep in mind, however, that debt consolidation generally results in longer loan terms. You will therefore have to make sure to pay off your debt sooner to take advantage of this advantage.

3. Could reduce the interest rate

If your credit score has improved since you applied for other loans, you may be able to lower your overall interest rate by consolidating your debt, even if you have mostly low-interest loans. This can save you money over the life of the loan, especially if you’re not consolidating with a long-term loan. To ensure you get the most competitive rate possible, shop around and focus on lenders that offer a personal loan prequalification process.

Remember, however, that certain types of debt carry higher interest rates than others. For example, credit cards generally have higher rates than student loans. Consolidating multiple debts with a single personal loan may result in a lower rate than some of your debts but higher than others. In this case, focus on what you save as a whole.

4. May lower monthly payment

When consolidating debt, your overall monthly payment is likely to decrease as future payments are spread over a new, possibly extended loan term. While this may be beneficial from a monthly budgeting perspective, it means you could pay more over the life of the loan, even with a lower interest rate.

5. Can Improve Credit Score

Applying for a new loan may result in a temporary drop in your credit score due to the credit investigation. However, debt consolidation can also improve your score in several ways. For example, paying off revolving lines of credit, such as credit cards, can reduce the credit utilization rate reflected in your credit report. Ideally, your utilization rate should be below 30%, and responsible debt consolidation can help you achieve this. Making regular, on-time payments — and ultimately repaying the loan — can also improve your score over time.

Disadvantages of debt consolidation

A debt consolidation loan or a balance transfer credit card may seem like a good way to streamline debt repayment. That said, there are some risks and drawbacks associated with this strategy.

1. May incur additional costs

Taking out a debt consolidation loan may incur additional fees such as origination fees, balance transfer fees, closing fees and annual fees. When shopping for a lender, make sure you understand the true cost of each debt consolidation loan before signing on the dotted line.

2. Could increase your interest rate

If you qualify for a lower interest rate, debt consolidation may be a smart move. However, if your credit score is not high enough to access the most competitive rates, you could end up with a higher rate than on your current debts. This may mean paying origination fees, plus interest over the life of the loan.

3. You can pay more interest over time

Even if your interest rate drops on consolidation, you could still pay more interest over the term of the new loan. When you consolidate debt, the repayment period begins on day one and can extend up to seven years. Your overall monthly payment may be lower than you’re used to, but interest will accrue over a longer period.

As a workaround, budget monthly payments that exceed the minimum loan payment. This way, you can enjoy the benefits of a debt consolidation loan while avoiding additional interest.

4. You may miss payments

Missing payments on a debt consolidation loan – or any other loan – can cause significant damage to your credit score; they may also charge you additional fees. To avoid this, revise your budget to make sure you can comfortably cover the new payment. Once you’ve consolidated your debt, take advantage of autopay or any other tool that can help you avoid missed payments. And, if you think you’ll miss an upcoming payment, let your lender know as soon as possible.

5. Doesn’t fix underlying financial issues

Debt consolidation can simplify payments, but it doesn’t fix the underlying financial habits that led to these debts in the first place. In fact, many borrowers who take advantage of debt consolidation end up in more debt because they didn’t curb their spending and continued to take on more debt. So if you’re considering consolidating your debt to pay off several depleted credit cards, take the time to develop sound financial habits first.

6. May Encourage Increased Spending

Likewise, paying off credit cards and other lines of credit with a debt consolidation loan can create the illusion of having more money than you actually have. It’s easy for borrowers to fall into the trap of paying off their debts, only to find that their balance has climbed again.

Set a budget to reduce expenses and control your payments so you don’t take on more debt than you started with.

When should you consolidate your debt

Debt consolidation can be a smart financial decision under the right circumstances, but it’s not always your best bet. Consider consolidating your debts if you have:

  • A large debt. If you have a little debt that you can pay off in a year or less, debt consolidation probably isn’t worth the fees and credit check associated with a new loan.
  • Additional plans to improve your finances. While you can’t avoid some debts, like medical loans, others are the result of overspending or other financially dangerous behavior. Before consolidating your debt, assess your habits and develop a plan to get your finances under control. Otherwise, you could end up with even more debt than before the consolidation.
  • A credit score high enough to qualify for a lower interest rate. If your credit score has increased since you took out your other loans, you are more likely to qualify for a lower debt consolidation rate than your current rates. This can help you save on interest over the life of the loan.
  • Cash flow that comfortably covers monthly debt service. Consolidate your debts only if you have sufficient income to cover the new monthly payment. Although your overall monthly payment may decrease, consolidation is not a good option if you are currently unable to service your monthly debt.

World leading motorcycle brand ‘Yamaha’ arrives in Jordan to join Markazia family

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Amman: Markazia recently became Yamaha’s sole local distributor; the leading brand in the motorcycle world. This step underlines Markazia’s enduring commitment to expand a wide range of solutions for individuals and businesses looking for the best and most convenient means of transportation, as well as the ultimate in comfort and luxury.

On this occasion, Markazia Yamaha launched a special promotional campaign on the motorcycles exhibited in its showroom, allowing customers to make a purchase at 0% interest rate, down payment and 48 months installments – in cooperation with Cairo Amman Bank (terms and conditions apply). The campaign covers the following models: Yamaha MT-03, available for a down payment of JOD 1,000 and monthly installments of JOD 115; Yamaha MT-07, available for a down payment of JOD 2,700 and monthly installments of JOD 135; Yamaha MT-09, available for a down payment of JOD 3,150 and monthly installments of JOD 150; and Yamaha MT-10, available for a down payment of 4,350 JOD and monthly installments of 220 JOD.

To meet various customer preferences, Markazia Yamaha offers several options of Yamaha engines made in Japan, whether for motorcycles or scooters. Engines range from 125cc to super high performance engines, all equipped with advanced safety technologies that ensure a smooth ride. In addition to offering its exceptional after-sales services, Markazia Yamaha aims to advance the motorcycle and scooter market in Jordan by hosting exciting initiatives and competitions that promise bike enthusiasts adrenaline-rich riding experiences.

“We are very pleased to add Japanese Yamaha motorcycles under the Markazia umbrella and build on more than two decades of automotive distribution expertise, including Toyota, Lexus, BAIC and Hino trucks. We aspire to strengthen our position not only as a vehicle distributor, but also as a true partner that supports the Jordanian community by providing high quality daily transport solutions at great prices, as well as excellent services that guarantee the greatest comfort and convenience to our customers. Commented Markazia Yamaha, Managing Director of Fares Haddad.

For more information on the campaign and the bike’s specs, visit the Markazia Yamaha showroom on Mecca Street or call 06-550-8058.

-Ends-

About Markazia

Markazia is the exclusive distributor of Toyota, Lexus, BAIC, Hino and Yamaha trucks in Jordan. Since 1999, it has established itself as a leading company in automotive sales, after-sales service and spare parts with five dealers throughout the Kingdom. Markazia aims to be a lifelong partner for Jordanians, especially young people, whose growth and success positively reflects on the business. Thus, a CSR program and a strategic approach anchored in the community is what makes Markazia more than just a distributor, but an efficient company that works for the betterment of society.

This press release was issued by Bidaya Marketing Communications on behalf of Markazia.

For more information or assistance, please contact us at:
Phone: +962 6 585 4002/6
Fax: +962 6 585 3001
BP: 930391, Amman 11193, Jordan
Email: [email protected]

© Press release 2021

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IMF debt talks unlikely to stop Lungu from trying to pledge copper in China

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The talks, which began on February 11, are due to end on March 3. They are at least a sign that relations between Lusaka and the IMF are improving, but there is little prospect of significant results in the short time leading up to the election, says Indigo Ellis, managing partner of strategic consultancy Africa Matters in London.

“It is highly unlikely that an IMF support plan will be put in place before the general election,” says Ellis. “Despite arguments to the contrary, we continue to believe that Lungu is unable to sell the large-scale reforms needed by the Patriotic Front (PF) and its electorate.

“We should cancel the pre-election period for an IMF support plan – spending will explode and the budget is canceled to ensure the incumbent’s victory. “

The winner of the Zambian election will have to choose between relying on China and restoring the confidence of the Western market after its default on Eurobonds in November 2020. The danger for the West is that Chinese loans will be the option the easiest.

China is the world’s largest consumer of copper and invested in Zambia’s mines, which could be used as collateral to raise more money.

  • “Until African countries like Zambia have increased access to capital markets, resource-backed loans remain the most viable way to raise capital,” said Ellis.
  • “It is highly unlikely that states will reject opaque Chinese loans unless solutions are found. “

Behind the curve

Irmgard Erasmus, senior financial economist at NKC African Economics in Cape Town, is optimistic that in the medium term the IMF can act as a “political anchor” – helping to restore credibility.

  • The central bank’s decision this month to raise the benchmark interest rate by 50 basis points to 8.5% suggests openness to IMF guidance, she wrote in a note.
  • Yet, Erasmus writes, some of Zambia’s liabilities are only vaguely recorded, making it difficult to guess at the country’s overall debt levels.

IMF talks are coming “too late in the political cycle” strike a deal before Zambia goes to the polls, says Nick Branson, director of Gondwana Risk in London. The talks are “on a road that leads nowhere”.

  • The IMF must conduct a comprehensive debt sustainability analysis to assess Zambia’s commitments before a staff program can begin. This is an unpleasant prospect for Lungu ahead of the vote, given the risk that “uncomfortable truths about historical borrowing” will be uncovered, Branson says.
  • Persistent delays will prevent Zambia from securing further concessional financing from the IMF before the fourth quarter of this year, he predicts.
  • The government is expected to miss at least $ 175 million in additional interest payments over the next few months, further weakening its hand in the negotiations, Branson adds.

According to Ellis, the best election result in terms of debt would be the victory of Hakainde Hichilema and the opposition United Party for National Development (UPND). This would have the potential to create a new start for the IMF negotiations and a break with the PF’s economic overexploitation, she said.

Rising consumer inflation poses the biggest threat to Lungu’s re-election, Ellis says. But that of Lungu authoritarian tendency suggests that he will not easily give up power.

Lungu in 2017 had Hichilema imprisoned for treason which have been widely regarded as bogus. Ellis indicates suspected electoral fraud in the last election in 2016 as casting a shadow over the chances of the UPND.

At the end of the line

The economy will be a major factor in the upcoming Zambian elections, and IMF interventions are unlikely to yield results until they are held.

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UPDATE 3-South Africa increases vaccine spending in ‘balancing act’ amid debt concerns

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* South Africa is the African nation hardest hit by the pandemic

* Faced with more variants of COVID-19 infection but vaccinations lagging behind

* The pandemic has worsened the fiscal situation (adds Finance Minister, market reaction, more details)

By Olivia Kumwenda-Mtambo and Mfuneko Toyana

CAPE TOWN, Feb. 24 (Reuters) – South Africa could spend up to 19.3 billion rand ($ 1.33 billion) over the next three years to vaccinate most of its population, said Wednesday the Treasury, in a “difficult balance” intended to contain COVID-19 while avoiding a spiral of debt.

The fiscal position of South Africa, which is the African country hardest hit by the pandemic, was already weak before the coronavirus crisis and has deteriorated sharply over the past year, according to the 2021 budget presented. in parliament.

The deficit is expected to more than double to 14% of gross domestic product (GDP) in fiscal year 2020/21, from 5.7% the previous year.

The Treasury said a mass vaccination program would help boost GDP growth to 3.3% this year after a severe 7.2% contraction in 2020.

“This year we are facing an exceptionally difficult balancing act,” the Treasury said.

“On the one hand, a raging pandemic … on the other, a weak economy, with massive unemployment, which is burdened by troubled public enterprises, the highest budget deficit in our history and a growing public debt. rapid growth.”

The rand hit a 13-month high and bonds rallied after the budget announcement.

The Treasury has lowered its estimate of medium-term gross debt, but it remains relatively high – projected to 87.3% of GDP by 2023/24, from 92.9% estimated in October.

“Certainly, compared to last October, we are in a better situation. But our assessment (…) still holds: our public finances are dangerously overloaded”, declared the Minister of Finance, Tito Mboweni, to the legislators.

Africa’s most advanced economy is battling a more infectious variant of the coronavirus, but richer countries have fallen behind in launching their vaccination campaign.

He now plans to step up vaccinations after administering the first doses of Johnson & Johnson’s vaccine last week.

The government plans to vaccinate 40 million people, or two-thirds of the population.

The budget allocates R 1.3 billion for vaccine purchases in the current fiscal year, which ends next month, while R 9 billion is earmarked for medium-term deployment.

“Given the uncertainty surrounding the final costs, it is estimated that R 9 billion could be drawn from the contingency reserve and emergency allocations, bringing the total potential funding for the immunization program to around R 19.3 billion. rands, ”the Treasury said.

MASS WAGE RISK

To support the economy, the Treasury did not provide additional tax revenue in the medium term, removing previously proposed tax measures of 40 billion rand.

Mboweni said the corporate tax rate will be reduced to 27% effective April 1, 2022, from 28% currently.

The Treasury has also planned to reduce local currency bond issuance as it uses more of its existing cash balances.

To increase revenue, fuel taxes will increase by 27 cents per liter, while an 8% increase in excise taxes on alcohol and tobacco products would be implemented.

The Treasury said efforts to reduce the civil service wage bill remained on track.

The civil servant pay freeze put the government on a collision course with public sector unions, which challenged in court the government’s non-payment of increases in April, as agreed in a 2018 wage deal. Labor appeals court ruled in December in favor of the government.

The Civil Servants Association said last month it is challenging the ruling in the Constitutional Court.

“The biggest risk remains the payroll, which has yet to be negotiated. This is where we have the least hope,” said Danelee Masia of Deutsche Bank.

Mboweni said the government is working to achieve fair public sector pay when negotiations with unions on a new multi-year wage deal begin later this year.

Adding to the pressure on spending, the budget allocated R31.7 billion to struggling utility Eskom for 2021/2022, while the Land Bank, which supports farmers, received R5 billion in 2021/22 and R 1 billion in each of the following two years. (Additional report by Wendell Roelf in Cape Town Editing by Joe Bavier and Giles Elgood)

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Personal Finance Survey Finds One in Five Canadians Expect Debt “to Go or Be Forgiven”

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When it comes to their debts, it seems that many Canadians are taking a Leonard Cohen page and waiting for a miracle.

In a pre-holiday financial picture of 1,500 Canadians, more than one in five (21%) said they “expect their personal debts to go away or be canceled.”

Credit Canada, the credit counseling agency that commissioned the Angus Reid study, called this issue “”shocking. “

Look: A third of Americans in couples have hidden funds from their partner. The story continues below.

Household debt experts say this is not normal; it’s a sign that, amid the stress and uncertainty of the pandemic, many people are simply abandoning any sort of strategy to fix their finances and perhaps hoping for a government bailout instead.

The attitude makes sense given the ongoing pandemic, said Stacy Yanchuk Oleksy, director of education and community outreach at the Credit Counseling Society.

Typically, seizures are time-limited, “while it drags on.” People feel hopeless. People have a lack of control, ”she told HuffPost Canada over the phone.

But “wishing and hoping is not a good financial strategy. We all like to stick our heads in the sand every now and then. And that’s a good strategy, for a day, ”she said.

It’s true that ignoring debts will make them go away over time, Oleksy noted – but not before a lot of bad things happen first.

“There are a lot of consequences. There are appeals and collection letters, possibly legal actions, garnishment of wages if you are employed.

The consequences of a default will follow you for six or seven years. During this time, it may be more difficult, if not impossible, to get a credit card or a car loan, and you may face higher mortgage rates than borrowers with good credit.

People in financial difficulty should “resist the urge to borrow for daily expenses,” Oleksy said, because it is sure to get you in trouble. Try to actively save money, as much as you can, as this develops good spending habits. And don’t be afraid to ask for help, Oleksy said – there are nonprofit credit counseling agencies you can turn to.

Grant Bazian, president of the Licensed Insolvency Trustees group MNP Ltd., is pretty blunt about these survey results. He attributes this attitude to “naivety… There isn’t a lot of financial knowledge out there. Part of it can be wishful thinking.

The government was so proactive in helping households and businesses when the pandemic hit that some might expect “the government to come and save the day,” he told HuffPost Canada.

Do people give up?

This does not mean that Canadians are deliriously optimistic about their future. In fact, the Credit Canada poll shows that respondents appear to be pessimistic on several fronts.

Twenty-one percent say they are unsure of their income in the next six months. One in eight (12%) said they did not expect to fully recover from the pandemic, and – perhaps most telling – 9% said they did not expect to find work and expect to continue receiving government income support.

This level of pessimism is based on sentiment, not an actual budget assessment, Oleksy said.

“It’s based on the current experience of feeling helpless and hopeless, and without proper control,” she said.

Bazian calls it “Covid fatigue”. People are “tired of what’s going on, depressed, alone, unsure. People do not thrive in uncertainty.

He adds, “I would encourage people to see hope again. It will end. Pay a little attention to what you are doing. Life will return to normal, the history of the world shows.

The Angus Reid Poll for Credit Canada was conducted online from October 21 to 23, 2020, among 1,500 Canadian Angus Reid Forum members. Online surveys generally have no margin of error, but a conventional survey of this sample size would have a margin of error of +/- 2.5 percentage points, 19 times out of 20.

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Yellen and the Fed fear corporate debt, but investors still aren’t

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US dollar banknotes

François Doyen | Corbis | Getty Images

Experts in corporate debt scaring policy like former Fed chairman Janet Yellen does not scare market participants too much.

In fact, some of them continue to take on debt from lower quality companies because they manage to outperform some of the investments considered safer.

“Attack is the best defense,” Hans Mikkelsen, credit strategist at Bank of America Merrill Lynch, told clients in a note stressing that BBB-rated companies outperform their A-rated counterparts. BBB is the bottom rung before the junk , and the increasing level of corporate bonds reaching this level is cause for concern.

Some investors worry that companies whose debt is at risk of sliding into high yield territory will find it difficult to meet their obligations in the next economic downturn.

But Mikkelsen thinks those concerns are misplaced.

The S&P 500 Triple-B Investment Grade Corporate Bond Index is down 2.9% year-to-date, which is not good. However, the group outperforms the broader S&P 500 / MarketAxess Investment Grade Corporate Bond index, which fell 3.5% in 2018.

Outperformance increases when isolating for risk-adjusted excess returns and works against history when credit spreads widen. Higher-grade bonds typically outperform in these cases, Mikkelsen noted.

“This outperformance of BBBs is remarkable as one of the [the] the main concerns for investors this year remain the possibility that large capital structures rated BBB will be downgraded to high yield in the next recession, ”Mikkelsen wrote. “We believe this outperformance partly reflects a low probability of a recession built into credit spreads, as well as the fact that most large BBBs are unlikely to be downgraded to [high-yield] as soon as they tend to have stable cash flow and significant financial flexibility. “

One of the reasons cited for the unexpected outperformance is that “the US economy is strong and credit fundamentals are improving” while negative technical signals are multiplying elsewhere.

Merrill Lynch recommends that investors use BBB debt as part of a “barbell” portfolio, combined with Treasuries, as a counterweight to safe but underperforming A-rated debt.

Yellen sees “a lot of bankruptcies”

Yellen, however, warned Monday that companies are taking on too much debt and could be in trouble if unexpected problems hit the economy or the markets.

“Corporate debt is now quite high and I think there is a danger that if there is something else causing a slowdown, these high levels of corporate debt could prolong the slowdown and lead to many bankruptcies in the non-financial business sector, “the former central bank chief said at an event at CUNY in New York.

Yellen also warned that the debt was held in instruments similar to those used to pool the subprime mortgages that led to the financial crisis ten years ago.

Indeed, corporate debt has swelled.

The investment grade portion of the bond market stood at $ 3.8 trillion at the end of October, an increase of 6% from the same period a year ago, according to Fitch Ratings. BBB-rated bonds accounted for 58% of this total, up from 55% in 2017.

At the same time, however, debt defaults are actually expected to decrease.

Moody’s Investors Service predicts that corporate debt default levels will decline in 2019 to 2.3% from 3.2% this year.

“Our positive outlook for North American non-financial corporations reflects significant, albeit decelerating, GDP growth in the United States and the G-20 countries in 2019, and robust growth in emerging markets,” said Bill Wolfe, Senior Vice President of Moody’s. “Good liquidity and low refinancing risk favor a fall in the default rate, and exposure to gradually rising interest rates will generally be manageable.”

In addition to Yellen’s warnings, the Fed officials also recently noted that leveraged loans, which are granted to companies already in debt, present a significant risk.

But this part of the market has performed very well this year.

The Markit iBoxx USD Leveraged Loans Index has returned 1.98% year-to-date, while the Liquid Leveraged Loan Index is up 1.2%.

The average prices of offers from banks issuing the loans also increased, up 3.37% in the United States and 15.4% in Asia.

By comparison, the S&P 500 is down more than 1% and the Bloomberg Barclays US Aggregate Bond Index posted a total return loss of 1.8%.

Exits increase

None of this suggests that investors should be overly bullish on bonds, and recent behavior shows that money has left space.

Investment grade bond funds have seen cash outflows in 11 of the past 12 weeks, according to BofAML, to the tune of $ 3.8 billion in cash for investors, a total that represents just 0.1% of the total. total market. High yield funds have seen cash outflows for eight of the past nine weeks, amounting to $ 1.9 billion or 0.15% of total assets.

Despite its reduced default outlook, Moody’s warned that “highly leveraged issuers” are “potentially vulnerable as monetary tightening unfolds.” The rating agency also said that “the risk of downgrading or default is highest for low-rated companies that depend on third-party funding and need immediate market access.”

However, Moody’s also pointed out that only around 5% of companies considered to be speculative grade are considered to have low liquidity and are therefore in great danger.

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If you’re in debt, don’t pay it back

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Many of us struggle with debt on a daily basis without making much progress. In fact, I recently pointed out that 50% of Americans have used up their credit cards!

That being said, if you finally have some extra cash at the end of the month, I suggest you keep it until you have two important things in place. Paying off debt might sound like a good idea, but it can turn out to be a bad decision if you don’t have budget and emergency savings in place.

A plan for your money is more important than paying off debt

If you currently don’t have a budget, you shouldn’t spend any money until you have one in place. For as long as I can remember, budgets have had a bad rap. If you talk to someone who successful budgets, they’ll tell you how empowering and liberating a budget can be. A budget is a plan that gives you the ability to tell your money where to go rather than letting your money control you.

Despite popular opinion, living on a budget doesn’t mean you can’t enjoy life anymore. In reality, a budget gives you the power to spend your money on what you really value in life rather than wasting it out of habit.

There are an unlimited number of examples of people earning an average salary and being able to get out of debt and build wealth. With a good budget, you can not only make a plan to eliminate your debt, but you can also figure out how to pay off all the items on your dream bucket list.

You are your best insurance policy

Right now, your credit cards can be your insurance policy when life arrives. Rather than relying on a bank that is willing to charge you 16% or more for borrowing money in an emergency, you can be your own insurance policy.

If you start a budget as mentioned above, you can start delegating a certain amount of money each month to go into an emergency savings account. This account must be fully funded with $ 1,500 to $ 2,000 before you start paying off your debts. The reason is to prevent your car from breaking down or other financial problems returning to a credit card.

If you don’t have money in a savings account and are forced to put money back on a credit card, you back off. If you have emergency savings and an unforeseen money problem arises, you can withdraw money without having to increase your debt.

With this method, you are your own bank and you can protect yourself against additional debt.

How to quickly finance your emergency savings

If you live paycheck to paycheck, the idea of ​​funding an emergency savings account with $ 1,500 to $ 2,000 may seem impossible. However, if you create a budget and revise your spending, you will be able to clearly see where you are wasting money. By reducing unnecessary spending, you can direct that money toward your emergency savings.

In addition to reducing your expenses, there are a number of ways you can increase your income as well. You can take a profitable gig from your couch, or another part-time job to quickly reach your goal.

If a part-time job doesn’t work in your current situation, you can organize a garage sale and start selling things that you don’t use or can live without. Most of us have closets full of things we no longer use or need. Start organizing your closets and find what you can put up for sale online and what you can sell down your aisle.

The debt repayment balance

As you have probably noticed, credit card balances are difficult to pay off due to the high interest rates and compound debt. If you’re struggling with debt, emergency savings will keep you from adding to your debt.

If you are forced to withdraw money from your emergency savings, stop paying extra for your debt until you replenish your fund. When the savings account is full again, start attacking your debt again.

By using this formula, you can avoid taking on more debt and pay off your remaining balances much faster.

I have a budget and emergency savings – What now?

When you have these two essentials in place, you can begin to tackle your debt! The two main methods of debt repayment that are constantly debated are Debt Avalanche Method and Debt Snowball Method. Either method will pay off your debt quickly, but each has its own advantages. Depending on your personality, one method of paying off debt may be better than another.

Even with their differences, they both recommend paying off debt the same way:

  • Pay the minimum on all your debts except the one you want to pay off first
  • Put all your extra money in debt at once

The major dispute revolves around which debt should be tackled first and in what order. What is better? Well, would you rather drive a BMW or a Mercedes? Ask two people which is better and they will give you a different answer. It all depends on preferences.

Final thoughts

Paying off debt can be scary, but if you’ve made the decision to free yourself from it, make sure you prepare for success! Make sure you have a budget and emergency savings in place before you tackle this debt. Without these two elements, you will surely find yourself in debt again. It is also important to understand the difference between being rich against rich. This will help you stay focused on your goal.

It’s time for you to take back your life and take control of your money. You owe it to yourself!



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3 reasons to fear the massive US $ 70 trillion debt

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American debt is on the verge of breaking a record. The combination of cheap money and skyrocketing debt has helped fuel the a decade of economic expansion and bull market, but America’s greed for loans could work against it if its fragile economic equilibrium were to change.

In the first quarter of 2019, total U.S. public and private sector debt stood at nearly $ 70 trillion, according to a study by the Institute of International Finance. Federal government debt and the liabilities of private businesses excluding banks have both reached new highs.

Debt itself is not bad. Borrowing can help governments and businesses grow by financing important projects and services that strengthen the economy. And for now, the United States can still cope with its debt burden. The economy, which is about $ 21 trillion in size, remains healthy and the Federal Reserve is preparing to cut interest rates and make debt even cheaper. But America’s near record liabilities could be dangerous in the future.

The US economy is starting to show cracks. Manufacturing slows and the trade war is hurting economies around the world.

The United States remains one of the most attractive places to invest, and its sovereign debt continues to be a safe bet for investors. But if the economy slows, the United States will have to continue to rely on investors – and especially foreign countries – to buy its bonds.

It will probably happen again. But the United States is not making it easy.

The the government could run out of money by early September, before Congress returns from its summer recess, the US Treasury Department said on Friday. This is why Treasury Secretary Steven Mnuchin called for Congress to raise the debt ceiling before summer vacation. Talks between Mnuchin and House Speaker Nancy Pelosi have been productive, the Treasury Secretary said on Monday.

The government has not been able to borrow money since March, due to borrowing limits imposed by Congress. If a fractured government does not raise or temporarily suspend the debt ceiling, the United States could default on its debt, increase its borrowing costs and potentially plunge the global economic system into chaos.

America has a lot of debt to pay off. The Treasury Department has indicated that the the budget deficit jumped by more than 23% between October and the end of June, expanding by some 750 billion dollars. This is in part due to President Donald Trump’s tax cuts in 2017. US debt hits a new record due to rising government borrowing, which now stands at 101% of GDP, according to IIR.

In the long run, however, the easing of financial conditions by central banks, including the Federal Reserve, “will support further debt build-up, exacerbating concerns about the debt service burden and sovereign debt sustainability.” wrote IIR analysts led by Emre Tiftik, deputy director of Global Policy Initiatives.

The Fed is expected to cut interest rates at the end of the month.

But the rate cut will only help to reduce the interest burden on the United States, which stood at $ 830 billion annualized in the first quarter. If the Fed cut rates by 100 basis points, or 1%, that bill could be $ 20 billion to $ 25 billion a year lower, the IIR said. It’s no small feat, but the interest remains a financial burden on the United States.

Investors were already worried last year about the so-called double deficit – including the US budget and current account deficit, or the country’s global trade gap. Although the market has moved on to other problems, the double deficit is still alive and continues to grow.

The debt situation of American companies is not much better.

An increase in bank lending has taken non-financial corporate debt to new highs: 74% of GDP, according to the IIR.

With the Fed preparing to cut interest rates, this trend is unlikely to reverse. Lower rates could give heavily indebted companies a sigh of relief as it becomes cheaper for them to refinance. But it will also invite companies with poor credit profiles to continue to borrow cheaper on the open market.

US corporate profits are expected to have fallen in the second quarter – the second consecutive decline. And Wall Street analysts expect that to happen again in the current quarter. This means that some companies may not be able to repay their debt if the market and the economy deteriorate.

“Growing concerns about the earnings outlook underscore the risks for highly leveraged companies,” analysts wrote.

A higher debt burden will do little to improve business confidence and investment, which have already been hit by the trade war.

Concerns about rising debt levels are not confined to the United States.

The global borrowing balance stands at over $ 246 trillion, or nearly 320% of global GDP and just below the record high it reached in the first quarter of 2018. This means that in the together, the world borrows more than it produces. It’s living beyond your means, so to speak. Such a cluster puts the world – and emerging markets in particular – at risk from abrupt changes in market conditions.

If conditions change quickly, it could be more difficult for countries with lower credit quality to refinance their outstanding debt.

Borrowing is expected to increase as central banks in developed markets reorient their policy towards an easing mode. This could undermine “debt relief efforts and rekindle concerns about long-term headwinds for global growth,” the IIR said.

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How to overcome your debt and financial stress

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If you are going through financial stress or are unable to manage your financial debt, the first steps should be to have a conversation about it. According to financial planners, most people are ashamed to talk about their money mistakes and finds it uncomfortable to talk about it.

Here is what you should do if you are in financial difficulty:

Talk about your money mistake

If you haven’t made the right financial decisions in your life, remember you’re not alone.

“From businessmen to salaried people, you can be under financial stress or get into debt. If the breadwinner has taken out a loan or has financial problems, they are usually not open to talking about it, ”said Mrin Agarwal, financial educator and founder of Finsafe India.

“One of the main reasons they don’t want to share information is because they don’t want to let anyone know that they’ve made a mistake. You have to talk about the mistakes to eliminate mental stress, ”Agarwal added.

Start by paying off your debt

If you’ve taken out too many loans, you don’t need to panic. You can start by writing down the details of all the loans you owe, along with the amount and interest rate. “If you’ve got a lot of debt, start by paying off the loan with the highest interest rate,” Agarwal said.

If you don’t have enough income to pay off the loans, look for ways to increase your income or sell your existing assets.

“In one case, to repay the debt, we put all possible savings in cash through systematic investment plan which was repurchased at regular intervals to repay debt, ”said Priya Sunder, director of Peakalpha Investment Services.

Reduce your expenses

Another way is to cut your spending until you pay off the debt. “You have to control your spending until the moment you can reduce the debt,” Agarwal said.

According to experts, debt compromises your peace of mind. “You keep skipping jobs assuming you aren’t earning enough. However, because you are not able to achieve mental peace, you are not able to do your job well. It’s a cycle to get out. In your 20s to 30s, you need to pay attention to manage your finances“Sunder said.

You need to save enough to be able to accumulate money. Once you are no longer in debt, you can go back to your usual way of life. However, to reach this stage you will have to sacrifice a bit.

Don’t be afraid to talk about your money mistakes. With a little help in managing money, you can get out of your financial distress.

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DAVE SAYS: Be careful when it comes to paying off your credit card debt | Local businesses

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Dear Dave: I really feel blessed. Even with everything going on these days, I still have a steady job and a good income. I am considering withdrawing money from my savings account to pay off my credit card debt. What do you think about this idea ? -Erine

A: It’s not a bad plan if you’ve gotten to a point where you understand certain things. Credit card and debt aren’t the real problems. These are symptoms of buying things you probably don’t need with money you don’t have. You have to look at yourself for a long time in the mirror, because the person looking at you is the real problem.

If you can accept this and commit to changing yourself and your financial habits, I would say go for it. Don’t erase your savings in the process. Leave a lot of money in there, especially at this time when so much is uncertain. Also, be sure to cut that credit card, close the account, and promise yourself that you will never use these things again.

Once you’ve done all of that and start living on a written monthly budget, replenish your savings as quickly as possible. Saving money is always a good thing. And everyone needs a three to six month emergency spending fund for the unexpected things life throws at you!

Dear Dave: Do you have a ruler for how much money to set aside for home repairs and maintenance? – Bobby

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Posthaste: Canadians’ financial worries have reached a pandemic high – but low rates are pushing them into more debt

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Good morning!

At no point in this life-changing pandemic have Canadians been as concerned about their finances as they are now, a poll found.

The MNP consumer debt index, released today, plunged to its lowest level since its launch in 2017, losing 5 points since September, the biggest quarterly drop on record.

The survey is conducted quarterly by Ipsos for MNP Insolvency Trustees to track the attitudes of Canadians about their debt situation and their ability to make their monthly payments.

The lower the reading, the more pessimistic Canadians are, and this poll, conducted in December, found negative perceptions about personal finances and household debt are on the rise, along with concerns about setbacks.

“Almost a year after the onset of the coronavirus crisis, the financial confidence of Canadians has hit a low point. The virus has naturally created a lot more financial anxiety for those directly affected by job losses, falling wages and business closures. The index shows that financial pressure is increasing for much of the country, ”said MNP chairman Grant Bazian.

Four in ten Canadians (43%) say they are unconvinced that they can cover their living expenses for the next year without taking on more debt, a four point increase from September.

“When we see so many Canadians thinking they can’t afford living expenses without taking on more debt, it indicates that more financial upheaval is on the horizon – especially with so many uncertainties ahead,” Bazian said.

More (42%) are concerned about their current level of debt and 45% regret the amount of debt they have incurred. Only one in four respondents is confident in their ability to cope with a job loss or a change in salary.

Yet the survey also found that about three in ten Canadians (28%) have taken on more debt as a direct result of the pandemic.

And perhaps most worryingly, 61% of respondents believed that with low interest rates now is a good time to buy things they might not have otherwise been able to afford.

In Ontario, those numbers are even higher (63%), a sign that Ontarians may be bracing for a “painful debt recount,” MNP said.

Three in 10 Ontarians (29%) say they took on more debt as a direct result of the pandemic, the highest percentage, 17%, saying it was on credit cards.

“Those who are already strapped for cash, struggling with debt and struggling to navigate are at risk of being lulled into a debt trap,” Caryl Newbery-Mitchell, MNP insolvency trustee, told Toronto. “The results can be disastrous when people in financial difficulty try to get by by taking on more debt. It’s like trying to fill one hole by digging another.

Respondents were also concerned about this. Almost half (47%) said they were concerned that if interest rates went up they could have financial problems. About a quarter said their debt kept them awake at night, up 3 points from June.

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5 debt questions you might be afraid to ask

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Talking about debt can be awkward or embarrassing, leaving you silently worrying about your own growing balances or the finances of a family member.

Here are the answers to a few questions you might hesitate to ask:

Will my debt ever get so old that I won’t have to pay it?

Not really. Many debts that you might worry about – credit card balances or medical bills – have a statute of limitations. It varies by state, but is generally three to six years from the first missed payment or the most recent payment. Most negative ratings disappear from credit reports after seven years.

But you still owe the debt. And debt collectors can ask for payment, even if they can’t sue you.

Advice: There are many ways to manageold debt, but be careful, otherwise you may accidentally reset the statute of limitations, leaving you open to legal action.

??

Will I get stuck with family member’s debts after they die – or vice versa?

It depends on the debt and how the finances of family members are connected.

Assets left after death can be used to pay off debt. Most of the time, any debt left over when that money runs out is a loss to a creditor.

In some cases, however, a family membermay have to pay. Co-signers, such as joint credit cards, mortgages, or other loans, are responsible for any remaining balances. And in community of property states, the surviving spouse is responsible for the marital debts.

Tips:Pay attention to co-signing on credit accounts. And have enough life insurance to cover your debts.

??

Can I be arrested for debt?

Technically, no. Federal law prohibits debt collectors from threatening you with arrest or jail.

But debt collectors can sue for payment, and about 90% of the people they sue do not appear in court. This leads to a default judgment ordering the refund, and some collectors have used arrest warrants to trick consumers into complying with those orders. It is rare, however. Usually the courts will order payment from your salary or bank account.

Tips: Know your rights when dealing withdebt collectors, and never ignore a court summons.

??

Is there a maximum amount of debt I can take on?

The short answer is no. Lenders may offer more credit than you can repay.

Advice:Debt can help you achieve goals like owning a home or building a business, but be realistic about what you can pay off.

??

Will Bankruptcy Wipe All My Debt?

Alimony and child support obligations cannot be waived in bankruptcy. Student loans, tax debts, and judgments can also be difficult to eliminate.

Advice: If you’re struggling with crushing debt, consult a nonprofit credit counselor and bankruptcy attorney to see if bankruptcy might make sense.

FOLLOWING:

How to pay off a debt

When bankruptcy is the best option

How to build a budget

Sean Pyles is a writer at NerdWallet, a personal finance website. E-mail:[email protected].

Nerdwallet is a USA TODAY content partner providing background information, commentary, and web coverage. Its content is produced independently of USA TODAY.

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Good debt, bad debt: making a difference

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Good debt, bad debt: making a difference

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Americans are becoming more aware of how to live with and manage debt after the US hit a new record $14 trillion in household debt. Consumer credit in all its forms, from student loans and loans for mortgages to credit cards and auto loans, has grown since the financial crisis. The strong economy, as well as the labor market, has encouraged many people to borrow more.

You don’t have to be in debt all the time. In fact, most people will divide their borrowing into two categories: good debt and negative debt. A good way to increase your net wealth is to use good debt via ConsolidationNow site. This includes a goal like buying a home or getting a college diploma. It is better to have good debt with a low interest rate. Also, it is tax-deductible. Bad debt means money borrowed to buy items that won’t hold up or that you cannot afford. Cozumel is a place you can finance using a personal loan or your home equity loan. 

Sometimes, the line between good and poor debt is blurred. Many experts consider car loan or other depreciating assets bad loans. Michele Cagan, chartered accounting and author, states that taking on debt to repair or buy a vehicle is not a good idea. Debt 101.

To have too much debt of any type can prove to be overwhelming. Bad debt can also make you feel miserable, as many households experienced in the years before the 2008 financial meltdown. Cagan states that rather than avoiding debt entirely, it is important to understand its purpose and determine what you can afford. It is important to understand the details of the loan. You need to know when you can start making payments and the interest rate. It is important to consider how these payments can be incorporated into your budget.

Paying with strategies

You don’t have to pay back all the money you borrowed once you are close to repayment. Start by making a list of all your debts, including the interest rate, repayment dates, lenders, and how much you borrowed. Include the minimum payment needed to cover each debt in your monthly financial plan. (If your monthly budget is not sufficient to cover the minimum payment, you can see below. Next, find out how much extra you can afford for your debts. Next, make a plan that will speed up the repayment. While making larger payments can put you on a tight budget, aggressively paying off your debts will make them disappear faster and save you hundreds to thousands of dollars in interest.

Simple calculations reveal that paying off your debt at the highest interest rates first and making the least payments to others, also known as Avalanche Method, can save you money. This is how it works. Some borrowers prefer the snowball strategy. You start by tackling the smaller balance first, then move that payment to the next lower debt. Cagan says that although it isn’t the most efficient way to get out debt, creating a snowball can help borrowers stay motivated, as they can see how far they have come.

There are many ways to manage your debt depending on the type of debt. Current interest rates have fallen compared to historic rates. Therefore, it may be possible to refinance your debt at lower rates and to use the extra cash to repay your debt faster or increase your savings.

A majority of credit cards interest rates hover around 15% to 20%. Credit card debt is likely be costly and you will need to pay it off quickly. If you’re paying off your debt, you might also consider transferring the balance onto a new credit card, which will not charge interest on transfers for a certain period. Most issuers give cardholders an opportunity to keep their interest-free balance for up to one year. A few issuers also waive promotional balance transfer fee. Remember to pay off the balance by end of the introductory period. Interest rates are generally higher during this time. Try negotiating with your lender for a lower interest.

Student loans are available.

According to College Board data, the average debt of students who borrowed money for college was $ 29,000. In recent years, federally guaranteed student loan interest rates have varied between 3.4% and over 7%. Fixed interest rates offered by private lenders range between about 4% and 14%. Variable rates can range from around 3-12%.

Consolidating federal student loans through government may make the payments more convenient but it will not lower interest rates and save you money. The interest rate for the new loan will be the weighted average interest rates of all the loans combined. If this is your route, you might want to consider exempting the highest rate loan and making prepayments.

You can choose a new federal plan through consolidation. There are three options that go beyond the standard 10-year plan. They include plans that make your monthly payments longer, plans that gradually increase your amount each month, and plans based on income. . Visit StudentLoans.gov for a breakdown of your monthly repayments and to view the terms of different repayment plans. The longer your repayment period, the higher the interest rate you’ll have to pay. You should choose the plan that you can afford the highest monthly installment.

Refinance with private lenders to reduce your student loan interest rate. Private lenders will refinance both federal and private student loans into one loan. If you have a great credit history from college, you can likely get a lower interest rates on private loans. Also, the rate of federal student loans could be lower.

Refinancing federal loans with a private bank will typically result in losing many of the protections and benefits associated with federal student loan loans such as deferral or forbearance. But, some borrowers (especially those with high-paying job opportunities) decide that the savings achieved by lower interest rates is worth the tradeoff.

When you go too deep

You can contact your creditors if there are any problems paying your loans, or if you think you might have missed a repayment. Tell your creditors what’s happening and they will help you to find solutions. Many creditors will offer to modify the due date, waive interest and late charges for a certain period of time or offer additional options.

Credit counseling, which offers financial advice, and debt management plans, is an option if your debts aren’t paying off. As lenders are more likely to agree on new terms for your debt, working with a non-profit like the National Foundation for Credit Counseling could help to lower your interest rate and payment schedule.

Paying off credit card debt is only part of financial health

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Dear Liz: I pay off credit card debts. What debt-to-income ratio would you consider my personal finances to be healthy?

Reply: The healthiest level of credit card debt is zero. Credit card interest rates tend to be high and variable, making this type of debt toxic to your financial health. Congratulations on making progress in removing yours.

There are a number of metrics you can use to determine if an appropriate amount of your monthly income is being spent on debt repayment. Among the most common:

◆ Traditionally, mortgage lenders have preferred home loan payments to be 28% or less of your gross monthly income and total debt payments, including the mortgage, to be 36% or less.

◆ Debt payments, including mortgages, that exceed 40% of the gross monthly amount can be an indication of financial distress, according to the Federal Reserve.

◆ Under the 50/30/20 budget, all of your essential expenses – including housing, utilities, transportation, insurance, and minimum loan payments – would be 50% or less of your after-tax income (your gross income minus income and payroll taxes). This leaves 30% for needs and 20% for savings and additional payments on debt. If a loan payment is less than the 50% limit along with all of your other essentials, then it can be considered affordable.

You usually don’t need to rush to pay off low-rate, potentially tax-deductible debt, such as mortgages or student loans. Still, you’ll probably want all of your debt paid off in retirement so you don’t use up your nest egg to make the payments.

Speaking of retirement, are you saving enough to reach this goal? Do you have sufficient emergency funds? Are you sufficiently insured? Are you able to enjoy your life without undue stress about money? Financial health includes all of these components in addition to debt repayment.

Don’t rush to start collecting social security

Dear Liz: After reading your Social Security advice many times, I have a hard time encouraging a friend who reached full retirement age last year to start collecting her benefits. She said her social security was not enough to live on and she had to work two more years before getting paid. She said that if she waited to apply, it would increase her Social Security by $ 400 per month. I informed her that she can both collect and continue to work without penalty as she has reached full retirement age. She would also get an annual increase based on her income, in addition to the annual increase in the cost of living. She didn’t want to tell me how much her Social Security would cost now, and I didn’t ask, but told her it was extra money that she could invest.

Reply: Are you sure you read this column?

There is a lot of research showing that most people are better off waiting as long as possible to apply for Social Security. Given the life expectancy at age 65, most of those who do make it that far will live past the break-even age where the larger checks they receive will more than make up for the smaller ones. they will pass.

The wait is especially important for a couple’s highest income, as it is this that determines what the survivor can live on. The wait is also important for singles because they don’t have the income of a partner to help them. Single women are at an especially high risk of ending their days in poverty, which means maximizing their social security is usually the right decision.

In addition, no risk-free investment would guarantee an annual return of 8%. This is what she gets while waiting to start her social security benefit (at least until the age of 70, when the benefit reaches its maximum). She might be able to generate similar returns with investments in the stock market, but she might also lose her shirt.

Something else to consider: Benefits are based on our top 35 paid years. If she earns more now than in any of those previous years, she could increase her profits even more by continuing to work. People who have taken time off to raise their families or who had a history of low wages or working part-time often see a greater benefit in continuing to work while waiting to apply.

Liz Weston, Certified Financial Planner, is a Personal Finance Columnist for Nerdwallet. Questions can be sent to him at 3940 Laurel Canyon, No. 238, Studio City, CA 91604, or by using the “Contact” form at AskLizWeston.com.

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Using debt to make an impact

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Debt financing is crucial for impact businesses, but it remains inaccessible to many.

Impact Investment Firms, a growing number of companies formed to pursue a social or environmental goal, have the potential to be a transformative force to address key societal challenges India faces.

Since 2010, impact investing support has spread from microfinance to other sectors, such as agriculture, health and education, and annual investments have increased from $ 323 million to $ 2.7 billion. However, not all trends are going in the right direction, especially from the perspective of the beneficiaries of the investment. To date, impact investors have strongly favored equity participation in emerging impact companies, rather than lending money for working or growth capital (also known as debt financing. ). Debt remains particularly difficult to secure for young companies with increasing impact, in large part due to perceived risk and lack of creditworthiness. Yet without a sufficient supply of borrowed money, expansion and working capital needs are not met, leaving impact businesses unable to reach their full potential.

To better understand these challenges, the India Impact Investors Council (IIC) and the Bridgespan Group released a report that analyzes the balance sheets of 422 leading impact companies and assesses their creditworthiness, identifies barriers to debt financing and offers solutions for make debt more accessible.

Related article: IDR Explains | Impact investing

Barriers to debt financing

Cautious investors are only part of this complex story. Our research and interviews with over two dozen impact investors and impact business leaders led us to conclude that all of the major players in India’s debt ecosystem play a role, often inadvertently. , in limiting access to credit. We summarize these obstacles below.

  • Impact businesses struggle to find and obtain loans. As the CEO of an impact startup told us, they’d rather go into debt than give up a share of ownership for money. Yet the latter option is often the only option for impact businesses, as they typically lack the collateral required for standard asset-backed loans. Additionally, many impact businesses have not matured enough to be able to implement robust management reporting systems that capture critical data on finances, employees, customers, accounts, products. and performance. Poor reporting systems lead to poor quality financial statements that make it difficult, if not impossible, for impact businesses to achieve a good credit rating.
  • Non-bank financial corporations (NBFCs) lend when banks are reluctant to do so. Collateral-based bank lending practices are more suited to conventional, asset-intensive manufacturing firms than to low-asset impact firms. Many, if not most, impact companies have little (if any) on-balance sheet assets, such as equipment and inventory, to offer as collateral. As a result, loan officers often view small businesses as too risky to operate. On the other hand, NBFCs specialize in serving businesses that banks consider too risky. However, the interest rates they offer tend to be higher because their operating costs are higher than those of banks. This, in turn, strains the cash flow of many start-ups, preventing them from accepting loans.
  • Lack of data hinders credit scores. Lenders recognize the need for more and better data to assess the creditworthiness of potential clients. To address this issue, the Reserve Bank of India approved in 2016 a new category of NBFC to act as account aggregators to consolidate and digitize personal and business information, and make it usable by financial institutions. Additionally, emerging data and analytics platforms such as Crediwatch can provide independent third-party data on business performance. While neither of these approaches has proven successful yet, their performance before the COVID-19 pandemic hit the economy was encouraging.
  • Government regulations affect domestic and foreign capital. In recent years, the Indian government has taken steps to improve financing options for small and medium-sized businesses, but regulations that slow and even hamper debt investment and impact businesses remain. For example, impact investing is not recognized as a separate asset class that would allow regulators to apply different standards for investors and impact companies. Non-performing loan regulations lack the flexibility to allow banks to make changes to loans to accommodate fluctuations in an impact company’s cash flow. Regulations also prevent CSR funds from having an impact on businesses. Finally, external commercial borrowing is heavily regulated by the Reserve Bank of India and comes with restrictions and guidelines that limit their attractiveness.

Make debt more accessible

The mismatch between the supply (too little) of debt finance and the demand (too much) continues to hamper the ability of social enterprises in India to realize their potential. As impact investors and bankers we interviewed told us, a number of solutions are within reach.

Cash loans

This approach responds to a common complaint from owners of small and medium-sized enterprises (SMEs) in India: Companies are not reaching their growth potential because banks do not provide loans without collateral. Cash loans allow banks, NBFCs, and FinTech companies to make loans based on the company’s current and projected cash flows. Compared to conventional business loans, cash loans require less paperwork and shorter approval times, in part because they eliminate the valuation of collateral.

Market watchers expect cash loans to be a boon for micro, small and medium enterprises (MSMEs), startups, and impact businesses that may not have durable assets as collateral. In June 2019, the Reserve Bank of India recommended that banks opt for cash flow based loans. And the country’s largest lender, the State Bank of India, announced in early 2020 that it plans to switch from asset-based lending to cash lending. While not specifically aimed at impact businesses, cash loans will undoubtedly benefit them.

Loan guarantees by third parties

These address the real and perceived risks that may prevent commercial banks, NBFCs, and impact investors from providing debt financing to impact businesses. For example, the Impact Investing division of IndusInd Bank is actively seeking collateral arrangements, such as the $ 5 million debt financing at Grameen Impact. The loan is backed by a guarantee from the American International Development Finance Corporation (DFC) and supports Grameen Impact loans to local SMEs.

Rabo Foundation, the corporate foundation of Rabobank, a Netherlands-based cooperative bank that focuses on the food and agriculture sectors globally, demonstrated how credit guarantees can work on the Indian agricultural market. Due to the regulations on offshore financing in the agricultural sector, the Rabo Foundation could not offer loans directly to Indian agricultural cooperatives. To get around this problem, six years ago he introduced credit guarantees, starting with a cooperative of organic cotton producers. Many financial institutions now participate in guarantees by extending credit to otherwise underserved markets and organizations. Subsequently, the Rabo Foundation set up a warehouse receipt financing program, an agricultural technology support program and a climate-smart agriculture financing program for farmer organizations.

Related article: Five Myths About Impact Bonds

Alternative investment funds (AIF)

AIFs have grown in popularity in recent years. It designates any fund established in India which brings together investment funds of institutional or high net worth investors, Indian or foreign, according to a defined investment policy. The minimum investment for a sponsor is INR 1 crore. Today, more than 695 funds are registered with the Securities and Exchange Board of India.

New approaches to due diligence and underwriting

These methods go beyond traditional collateral-based loans to assess the creditworthiness of potential issuers. All of the impact investors we interviewed have developed proprietary methodologies that vary widely. At Caspian Debt, for example, every credit decision is approved by a centralized credit committee. Specialized teams perform due diligence through in-depth field and field research that includes visits to facilities and customers. The selection of transactions also includes a strict exclusion list for companies that do not meet environmental, social and governance (ESG) standards. In contrast, Vivriti Capital has developed a highly automated, rapid-response credit underwriting platform called CredAvenue that connects businesses in need of debt financing with potential lenders.

While proprietary platforms like these can validate new ways of doing due diligence and credit underwriting, they remain the exclusive domain of their developers. The industry would benefit from standardized tools and platforms widely available to banks and other financial institutions. Swasti Saraogi also contributed to this article.

Swasti Saraogi also contributed to this article.



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The opinions expressed above are those of the author.



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German Finance Minister wants to lift debt ceiling | News | DW

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German cities in financial difficulty should have their debts taken over by the federal government, if Finance Minister Olaf Scholz gets what he wants.

But it might not be so easy, as the move would break a taboo of the German conservative government against debt that has been in the constitution since 2009, when a “debt brake” was written into the law. Basic law following the European Union. financial crisis.

Die zeit The newspaper reported on Wednesday that Scholz, who is also Angela Merkel’s vice-chancellor, plans to present a plan in March that would temporarily allow some 2,500 municipalities to pass their debts on to the federal government.

The program aims to free up resources to allow local governments to invest more in roads, schools and hospitals, according to the report. While many small towns struggle to pay for infrastructure, the federal government has some capacity to spare: in January, Germany posted a record budget surplus.

The finance ministry declined to comment on the news article, although it was also independently reported by Der Spiegel. Both media cited anonymous ministerial sources.

The black zero

The debt brake meant that from 2016 German federal and state governments were not allowed to run a budget deficit of more than 0.35% of GDP, although exceptions could be made in the event of natural disaster or economic crisis.

The drag has manifested itself recently in the so-called “black zero”, the colloquial name of the German finance ministry’s insistence on maintaining a balanced budget without incurring new debt.

Scholz has pledged to maintain politics, at least so far, despite being a member of the center-left Social Democrats, some of whom are skeptical of the black zero.

But the move promises a political headache: Scholz could struggle to get the plan through parliament without putting another crack in the governing coalition.

Support from the government ranks is not at all assured and members of the center-right Christian Democratic Union (CDU) of Angela Merkel have already voiced criticism.

“You cannot just suspend the debt brake at your convenience, just as you cannot suspend fundamental rights,” said Eckhardt Rehberg, CDU member in the Bundestag. Frankfurter Allgemeine Zeitung Wednesday. “Scholz does not have a majority to break the dam. He should bury this project quickly.”

In addition, amending the constitution requires a two-thirds majority in both houses of parliament, the Bundestag and the Bundesrat, which would mean that, even with the support of the CDU, he would need opposition votes to pass the bill.

bk / aw (AFP, dpa)

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Lebanon’s creditors are 70% affected by debt restructuring

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Lebanon updates

Lebanese bondholders will have lost at least 70 percent of the value of their holdings, according to an analysis of the government’s plan to restructure the country’s huge debts.

Lebanon, which in default on its $ 30 billion in foreign currency bonds in February, offered the first clues as to how it plans to reduce its debt to a sustainable level in a draft document released Wednesday. As part of the plan drawn up with advisers including Lazard, Beirut aims to halve by the end of the year its borrowing of more than 175% of gross domestic product and switch to a more flexible exchange rate.

Currently, the Lebanese pound is pegged to the dollar. Once an anticipated drop in the exchange rate is factored in, debt reduction implies a haircut of at least 70% for bondholders, according to Nafez Zouk of Oxford Economics.

“These projections are made on certain forecasts which may turn out rosy – in particular the growth forecasts, which should take a much more severe hit given the slowdown in activity induced by Covid,” Zouk said. “Think about it at a minimum. “

Such a large haircut would crystallize big losses for foreign funds that buy Lebanese bonds, especially Ashmore, the London-based asset manager who to build a stake of over 25 percent in the bond that was due in March. The non-repayment of this bond triggered the first default in Lebanon’s history and kicked off the ongoing restructuring process.

Ashmore has suffered major outflows as bets on Lebanon, Argentina and Ecuador turn sour. Lebanon and Argentina were already sliding to default before the coronavirus hit, prompting oil-rich Ecuador to to suspend payments on its dollar debt as energy prices plummeted.

Ashmore’s short-term fund, which has large holdings in all three countries, has lost 31% of its value this year, according to Bloomberg data. The company suffered £ 2.2bn outflows in March alone, UBS analysts estimate, equivalent to more than 10% of its retail fund assets.

Ashmore declined to comment.

The restructuring plan, marked as the latest draft dated April 6, does not specify the government’s plan to negotiate with foreign bondholders, beyond suspending interest and principal payments and l opening of talks.

Beirut aims to reduce its debt-to-GDP ratio to 90% by 2027, and must also tackle some $ 57 billion in local currency debt, mostly held by the local commercial banking sector, which the government wants to revamp. The plan, which involves $ 10 billion to $ 15 billion in support from “external sources” including the IMF over the next five years, states that Lebanon will continue to pay reduced interest on local debt until the end of the period. ‘that a broader agreement is reached.

Lebanon was in the throes of its worst economic crisis in decades before the virus even blocked the country. The draft plan puts its poverty rate at 48%.

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Germany: Finance Minister proposes billions for indebted cities | News | DW

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German cities most in the red may soon benefit from government aid, Finance Minister Olaf Scholz said on Saturday.

In an interview with media group Funke, Scholz said Berlin “has signaled its willingness” to help remove 40 billion euros ($ 44 billion) in debt from local authorities on a “one-time basis”.

Of Germany’s 11,000 local authorities, Scholz said the plan affected “around 2,500 towns and municipalities that are so in debt they can barely breathe.”

Debt cancellation would likely force local authorities to spend more on repairs and upgrades to much-needed infrastructure in schools, kindergartens and swimming pools.

Most of the over-indebted municipalities are located in states such as North Rhine-Westphalia, Hesse, Rhineland-Palatinate and Saarland, which have been hit hard by deindustrialisation.

Scholz added that “the interest rates are favorable” to the restructuring of the public debt.

Despite being center-left, Scholz continued the debt-free policy of his conservative predecessor

Relax the “black zero”?

The plans signal a possible change in the German government’s longstanding resistance to public spending.

The proposal is still expected to be agreed with German Chancellor Angela Merkel’s conservatives, Scholz’s center-left SPD coalition partners, before it comes into effect.

It is also likely to be repelled by the leaders of Germany’s 16 states, who may be reluctant to funnel funds to financially troubled cities outside of their states.

Scholz largely maintained the so-called “black zero” of his predecessor Wolfgang Schäuble – a policy of not incurring new debt.

Although Germany is proud of its balanced budget, the government is under increasing pressure from economists and other members of the European Union to stimulate its economy with larger investments in order to avoid a possible recession.

rs / ng (AFP, dpa)

Each evening, DW’s editors send out a selection of quality news and reporting. You can sign up to receive it directly here.

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The woman takes care of the business, the household debt

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Dear Amy: I found out that my 23 year old husband was having an emotional affair with a younger coworker he supervises (it’s supposed to be over).

This woman also met me. He has known her for 10 years and recruited her to work in his office. He told me she reminded him of me.

He said the relationship was not physical. She is also married with very young children.

We have two children, one in college and one in grade 10. We are in crushing debt and unfortunately live on paycheck after paycheck.

He doesn’t have enough money to move.

We have no savings, and no real college funds.

I would like us to work on our marriage and at least stay together until the youngest graduates, by which time we can sell our house and move to cheaper places.

I can forgive the emotional affair, but I cannot forgive forcing us into financial ruin.

My husband is 50 years old and has had a difficult professional career. He was depressed and has a difficult relationship with our children.

We both started new jobs four years ago with a plan to improve our situation.

I do not know what to do. We went to a consultation, where she was told to move out, even though we told the therapist that we had no money.

I want to do what’s best for our children. – despised

Dear Despised: You have confused two problems: the emotional infidelity of your husband, whom you say you can forgive, and your financial situation, which you blame him for.

You don’t provide details of your husband’s behavior, but unless he has hijacked your mutual earnings, it’s not clear why he is solely responsible for your debt.

It seems that in addition to marriage counseling, you both would benefit from financial counseling. Selling your home now, during a healthy market, and renting a home might be the best decision for you.

Tackling your financial problems together, without blame or shame, and making tough mutual choices about saving money, could help lift your relationship off the precipice.

For inspiration, read “The Total Money Makeover: A Proven Plan for Financial Fitness” by personal finance guru Dave Ramsey (2013, Thomas Nelson).

Dear Amy: You get a lot of questions from older readers who complain that they are not thanked enough for the gifts they have given young people.

While helping an 8-year-old boy write thank you cards for the gifts he received last Christmas, he made an observation: He is always expected to write thank you cards, but not never receives.

He said an older relative told him it was important to write thank you cards because it makes the donor feel appreciated and special. He suggested that, “Maybe if the kids knew how special it was to receive a thank you card, we’d be happier making others feel that way.”

It marked me all year. – Grateful

Dear grateful: I often wonder if people who are so concerned with other people’s expressions of gratitude take the time to demonstrate this important value in their own lives.

Watching your young friend is wise as well as profound. I’m sure this will inspire many people to reconsider their own behavior. Thank you.

Dear Amy: “Wondering Girl” was a teenage girl who had a crush on a guy who seemed to pick on her. In addition to other things, he told her that he wanted to help her become “a better person”.

Please stop equating a guy who has a crush on you with abuse. You said to “I wonder” that “his behavior towards you is the equivalent of a fourth grader hitting a girl in the arm when he loves her.”

If we are to end domestic violence in this country, we must teach people, especially our children, that hurting people is not a sign of affection. We all have to use our words.

Plus, if this guy is already trying to change her, it’s not a healthy relationship. Your friends accept you for who you are, your flaws and everything. They report annoying behavior that they see in you without being mean. Maybe this guy has a crush on “Wondering”. Or maybe he’s just a jerk.

I was there, I did that. – Kim

Dear Kim: I don’t consider fourth graders punching each other in the arm as “abuse,” but I take your excellent point and your interpretation of that dynamic, and thank you for bringing it up.

Email your questions to [email protected] or by mail to Ask Amy, Chicago Tribune, TT500, 435 N. Michigan Ave., Chicago, IL 60611.

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Famous British Motorcycle Brand Unveils Brough Superior Lawrence


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The limited edition model pays homage to the brand’s biggest fan, TE Lawrence, aka Lawrence of Arabia.



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The Brough Superior Lawrence is a tribute to TE Lawrence, aka Lawrence of Arabia

Iconic British motorcycle brand Brough Superior, known as the Rolls Royce of motorcycles, is back with a brand new motorcycle. The now-based brand in France released its latest model, the Lawrence, named after one of the brand’s most famous fans, Thomas Edward Lawrence, who owned seven Brough Superior motorcycles in his day. The new model is expensive, flashy, and the design is a mix of nostalgia and modern technology. The name, of course, comes from TE Lawrence, the British soldier and author who ultimately met an untimely death when he crashed into one of his own Brough Superior motorcycles.

Read also: Aston Martin Brough Superior AMB 001 track testing begins

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The design of the Brough Superior Lawrence is a bit hit and miss, a fusion of different types of motorcycle design

The new Lawrence model features a liquid-cooled, liquid-cooled, DOHC 88-degree V-twin engine with a displacement of 997 cc and an output of 102 hp and 84 Nm of torque. Priced at around $ 80,000 (almost 58.63 lakh), the Lawrence isn’t affordable and sports a more drastic design than downright good-looking. Nonetheless, with a new carbon fiber bodywork, titanium frame, titanium subframe, CNC machined fork from aluminum and titanium links, and cast aluminum swingarm, the Lawrence stands out. boasts a number of premium components, including a single-shock suspension at both ends. The braking system consists of two 320mm discs at the front and a single 230mm disc on the rear wheel.

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The style, ergonomics and shape of the Lawrence mark a clear departure from the classic designs of Brough Superior.

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The style, ergonomics and shape of the Lawrence mark a clear departure from the classic designs of Brough Superior. The overall design is a bit hit and miss, not quite here, and not quite there. But Brough Superior is still hoping the new Lawrence will grab some attention. Only 188 copies of the Lawrence will be manufactured, in homage to the year of birth of TE Lawrence, 1888. Although the Lawrence retains a long and low stance, it still marks a difference from the rest of the Brough Superior range. modern.

For the latest automotive news and reviews, follow carandbike.com on Twitter, Facebook and subscribe to our YouTube channel.


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Motron Motorcycles – A new motorcycle brand from Austria


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KSR Group introduced its new brand of motorcycles, Motron Motorcycles, last month. Here is everything you need to know about Motron motorcycles!

Motron Motorcycles

Austrian group KSR presented their new brand through a 4-part film series titled “Follow the M”.

The new Motron Motorcycles brand presented in a fresh, yellow theme reflects the entire brand identity and design of the motorcycles. Speaking of the brand’s model lineup, Motron Motorcycles’ current lineup consists of 13 bikes from 3 different segments. The bikes are aimed specifically at the entry-level and mid-size segment in the two-wheeler sector with an attractive price / performance ratio.

In-depth review of Motron’s 2021 product line. With an extensive product line of 13 motorcycles, the product portfolio of the new Austrian brand is not limited to petrol motorcycles and scooters. Indeed, among the 13 models, there are three electric scooters as well as a mini electric bike!

The displacement of gasoline motorcycles varies from 50cc to 400cc. On the other hand, the electric models currently offered belong to the European class L1e and are offered with Bosch electric motors of 15,000 W or 2,000 W.

“The launch of the new Motron brand hits exactly the pulse of the times. Especially in times like these, when people yearn for a fulfilling balance in their pandemic daily life, we appeal to a target group who can find in Motron a brand to start a new hobby, a new passion. Our brand slogan ‘GET OUT’ underscores our approach to fighting tough times, getting out and having fun on a Motron, ”say Michael and Christian Kirschenhofer, owners of KSR Group.

Source: Motorcycles

Range

Gasoline

X-NORD 125

A 124.8cc adventure motorcycle ready for urban and country roads.

X-NORD 125 TOURING

Based on the X-Nord 125, the X-Nord 125 Touring contains saddlebags for long journeys.

REVOLVER 125

A 124.8cc urban cruiser with stunning retro styling.

WARRIOR 400

The biggest machine in the Motron range. Motron says the Warrior 400 is for those looking for speed.

BREEZY 50

A modern, air-cooled, low-emission scooter for speeding through the city.

IDEO 50

A fun scooter with a classic Italian design.

IDEO 125

The big brother of the Ideo 50. Motron says the Ideo 125 is designed for city and highway driving.

VENTURA 125

A modern scooter that is fuel efficient and powerful enough for urban and rural roads.

Electric

CUBERTINO

Powered by a 1500W Bosch motor, this Cub-inspired electric Cubertino comes with a stunning look and a range of 56 km. One of our favorites!

WHISPER

Powered by a 1500W Bosch motor, the Whiz is specially designed for city driving.

VOLTZ

The Voltz is a light machine for the city. Powered by a Bosch 2000W motor and removable Samsung battery, Voltz has a range of 65km.

VIZION

Powered by a 1500 W Bosh motor, the Vizion mini-bike reminds us of the Honda MSX and Benelli TNT 135. A very interesting concept!

Availablity

Motron has announced that the electric models (WHIZZ, CUBERTINO, VOLZ and VIZION) will be launched first. Subsequently, internal combustion models (X-NORD 125, REVOLVER 125, WARRIOR 400, BREEZY 50, VENTURA 125, IDEO 50 and IDEO 125) will arrive in dealerships from the second quarter. Meanwhile, the last two models, NOMAD 125 and X-NORD 400 are expected to launch in the second half of this year.

Motron has announced that they will initially focus on the European market, starting with Germany, Austria, Switzerland, Italy, Spain, France, Belgium, the Netherlands and Greece. The distribution network is expected to expand to other European countries during the year 2021.

Source: Demotos

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Why Royal Enfield is no ordinary motorcycle brand, but the makings of an urban legend

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The gold border on the cover of the new book by former business journalist-turned-author Amrit Raj, Indian icon: a cult called Royal Enfield, may seem to indicate that this is another part of a series of corporate golden hagiographies. But, less than halfway, it is perfectly obvious that this is not the case. Raj has been careful to include the smallest details of the struggles and obstacles as well as the efforts of a great multitude of people who have created and supported the Royal Enfield brand.

The book also combs through the occasional missteps that have prompted the brand to thoroughly rethink and then restructure its operating methods, often to the detriment of its loyal clientele. Missteps that created a lot of internal friction, but ultimately fermented the kind of change that built the company’s fortunes and paved its path for the far too crucial decade to come. In a detailed Zoom chat, Raj describes what it’s like to understand RE’s appeal and what made him take a closer look at its non-linear learning curve.

When and why did you decide to chronicle the history of Royal Enfield?
I am not a biker, but I am a keen observer of brands due to the training I had as an economic journalist. And, for some reason, Royal Enfield has always fascinated me. The idea [about writing a book] brewed for some time, but the process started two years ago. If you buy a Maruti Suzuki car, it provides you with excellent service; if you buy a Hero bike, it gives you excellent mileage. But there is nothing tangible that Royal Enfield offers its customers. The mileage is not that great, neither is the service. So what is it about this brand that appeals to people so much? I realized that more than the product, it’s the story it represents. It gives you something that other products don’t have. And you can’t quantify it.

The outlines of the Royal Enfield success story have been frequently discussed and documented. How did you make sure your account was different from these?
Royal Enfield was sold to the Lal family for a sum of Rs 3 crore, and the current valuation of the company is Rs 10,000 crore. Many people have claimed that the business was in the right place at the right time. But if you look at this number, it cannot be by pure chance. They took it from a doodhwala brand to a thousand-year-old brand. You don’t see this transition normally. And I realized it’s not just Siddhartha Lal’s story. Many people have played a role in building this brand. And this book is their story.

Do you think it was the lack of a similar product, or do you think there was something particularly appealing about the Bullet itself that is behind the success of the RE?
There has always been an aura around the brand, and I think that’s what prompted the Lal family to take over the business in the 90s. Everyone remembers the Bullet. Either their uncle rode it or their father did. Or they borrowed their neighbor’s bike and took him for a ride. When I was a kid, if a Bullet passed by my house, I would go out to see what it was. And even when the bike took off, the thud remained. This curiosity is part of the years of growth of many people of several generations. And that has remained an important part of the brand’s history, even though the brand almost went bankrupt in the 1980s. There was almost nothing, the plants were dead, the machines were dead. But the Bullet was a superstar.

You have written extensively on the role of former Royal Enfield chairman, the late Rudratej “Rudy” Singh. Would you say there was a chief architect primarily responsible for the brand’s latest transformation? Or has it always been a joint effort?
Over the past 30 years, the brand has had incredible leaders. And they all played their part for a certain length of time. People like Badri Agarwal, Venki Padmanabhan and Rudy – each had their part to play. Siddhartha has always been at the center of the brand, but if you overlook the role of one of these men, I don’t think the Royal Enfield story can be over. Rudy’s entry came at a time when Siddhartha wanted to go global. The company was making a lot of money and Siddhartha believed it was time to bring the brand’s roots back to the UK, where he built this tech center. When you sell 5,000,000 motorcycles a year, you can’t have technical problems. Rudy was brought in with the specific mandate that the corporate culture needed to change, the way the business operated in the past would not define how it would operate in the years to come. Rudy walked in and brought his marketing brains to Unilever and a lot has changed during his tenure. Sales increased from approximately 3,000,000 units to 8,000,000 units. Profitability increased to 22 percent, which was the highest in the industry.

You also mentioned the friction Rudy endured with the old guard. Something that had been speculated but not widely reported.
It happens in many companies, when a new leader comes in and wants to make some change, you still have some resistance from the old guard. For all the good work Rudy did during his tenure, I think people management could have been a lot better.

What do you think the old guard was doing differently that plagued the company with mechanical issues, which at one point became synonymous with the brand?
They hadn’t realized that what they were doing was not in line with what a typical customer would want. This is where Rudy wanted to make some changes. For example, the Himalayan fiasco that happened, when you’re nine months away from meeting a regulatory standard, you can’t use a previous generation emissions standard. If it’s a new product, it should have new technology. From Siddhartha’s perspective, the idea was not to run after numbers. But with Rudy’s approach, the demand for bikes has grown organically.

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Casting company becomes official dealer of famous brand of electric motorcycles

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It’s now easier than ever for residents of North Wales to go green and switch to two wheels, after a Mold company became an official dealer of one of the biggest electric motorcycle brands in the world. UK.

Electric Bike Supermarket, which offers personalized and tailor-made service by appointment only, will add the full line of Super Soco motorcycles and scooters to its already extensive collection of electric mountain bikes, touring bikes, city bikes and folding bikes.

More and more people are choosing to travel by motorbike or scooter because they recognize the economic and lifestyle benefits it can offer, from more affordable running costs and more efficient trips to the ability to stay isolated on the road. journey during what we now call the “new normal.”

With Super Soco you can add ecological references to the list, because every model in its impressive range is 100% electric. Rechargeable batteries are removable with carrying handles, making them easy to charge from any three-prong outlet in the home, garage or workplace.

The Super Soco product line is ideal for both existing and new riders. All five models can be driven with just one day of compulsory basic training or, on a driver’s license issued before 2001, without additional training.

The CPx two-seater maxi scooter is equivalent to a 125cc gasoline machine and is touted as the ultimate commuter. The TSX is a 50cc equivalent with a motorcycle frame designed for novice riders, while the CUx scooter is fast, light and great for getting around town. With the TC and TC Max models, the cafe racer enters the electric era. Powerful, responsive and a lot of fun to ride, with a look inspired by the golden age of British motorcycling.

Paul Evans, Founder of Electric Bike Supermarket: “We are very pleased to add Super Soco to the stable of prestigious brands already available at Electric Bike Supermarket.

“This is the first brand of motorcycles and scooters we have worked with, previously we only focused on e-bikes, so it’s really exciting to get into this new area of ​​the market.

“We can’t wait to start introducing Super Soco to our customers and to see more people riding green wheels! ”

For more information on how Electric Bike Supermarket can help you go green on two wheels, visit www.electricbikesupermarket.co.uk

For more information on Super Soco visit www.supersoco.co.uk

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Austria’s KSR teases all-new motorcycle brand

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Thanks to the ongoing global pandemic, we have seen an abundance of virtual presentations and teaser videos over the past six months. While the New Year usually marks the end of the new model unveiling season, many brands like Kawasaki and Harley-Davidson have saved the best for last.

Another company that keeps its cards handy is Austrian group KSR, and if its latest teaser video is any clue, the conglomerate could expand to include another brand of motorcycles.

With brands like Brixton Motorcycles, Malaguti, Lambretta and KSR Moto already under its umbrella, KSR Group is the leading importer of two-wheelers in Europe. The company is also the main distributor in Continental Europe of Royal Enfield, Benelli, Niu & Malaguti. Despite this large and diverse portfolio, KSR secured brands for March and Motron last summer. Coincidentally, both nicknames begin with the letter “M,” the initial that KSR’s latest teaser begs audiences to follow.

The video begins with protagonist Max Deep going through the work-from-home scenario we’re all too familiar with at this point. Of course, the endless boredom leads to a daydream where our hero meets “a swarm of yellow lights” and a female voice beckoning him to “follow the M”. What takes place is a montage of Max Deep chasing the dragon through a series of poorly timed naps where he eventually meets a motorcyclist dressed in a racing suit and a mysterious motorcycle key.

The cliffhanger of the video leads fans to the full virtual presentation of KSR slated for February 16, 2021. While the production, writing, and acting are far from Oscar-worthy, the narrative approach is one. good breathing for those suffering from teaser fatigue. Yes, KSR pushes us to ‘follow the M’, but at least they don’t follow everyone.

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Austrian motorcycle brand KTM launched in Bangladesh

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Runner Automobiles Limited launched two models of Austrian motorcycle brand KTM – KTM 125 Duke and KTM RC 125 – in Bangladesh on Monday.

Runner Automobiles, in partnership with global motorcycle brand KTM, unveiled the motorcycles at a ceremony held at the Runner Automobiles Bhaluka factory in Mymensingh.

Runner Automobiles General Manager and CEO Reazul Chowdhury said, “We are delighted to introduce KTM Duke and KTM RC to Bangladesh through this official launch event.

Reazul also said the company will gradually move into manufacturing KTM motorcycles in the country.

Runner Automobiles Director Amid Sakif Khan said KTM has promised to provide an exemplary demonstration of quality assurance and customer service in the days to come.

The KTM 125 Duke is equipped with a liquid-cooled fuel injection engine delivering 14.5 hp of power at 9,250 rpm and torque of 12 Nm at 8,000 rpm.

It has an aluminum cylinder with a carbon coating on the inner walls.

One of the most attractive features of the KTM 125 Duke is its ABS system, which prevents the wheel from locking up in panic conditions for added safety and stability.

The Duke comes with a first-class TFT display supported by an LDR sensor for seamless visibility day and night.

KTM Duke 125 is available in two variants with attractive color options.

The KTM RC 125 features a first-class ABS system, attractive muscular fairings and a more aggressive aerodynamic styling.

Its “S” rated tires offer total assurance of maximum grip, ultimately leading to maximum rider confidence.

KTM is an Austrian motorcycle company founded in 1934.

KTM is popular for its advanced engineering, design and technology which currently employ over 3,000 people around the world.

Pierer Mobility AG and Bajaj Auto are the company’s current major shareholders, company officials said.

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Italian motorcycle brand Magni unveils superb tribute to its founder

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The Magni Italia 01/01 is a tribute to the founder of the Arturo Magni brand. The bike is powered by a three-cylinder MV Agusta engine.



develop See the pictures

Magni Italia 01/01 uses MV Agusta three-cylinder engine

Italian motorcycle brand Magni presented a model called Italia 01/01 designed as a tribute to its founder Arturo Magni, who passed away in 2015. The Italia 01/01 is a blend of retro style design with a state of the art. MV Agusta art engine. Arturo Magni founded the company that bears his name in 1977 after working for MV Agusta for 26 years. And he played an important role in the golden age of Grand Prix racing for MV Agusta. Prior to founding his own company, Magni started working at Gilera, before moving to MV Agusta in 1950 where he held the position of Racing Department until 1976, a role that allowed him to contribute to 37 manufacturers and 38 world pilot titles.

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The Magni Italia 01/01 has an exposed frame and engine, a look favored by Arturo Magni

The Magni brand is famous for creating modern interpretations of motorcycles from the heyday of Grand Prix racing, specializing in retro-modern MV Agusta models. Its bikes feature classic-looking frames that use modern manufacturing techniques and materials, with MV Agusta’s three-cylinder engines providing power. The Italian 01/01 is an example of this thought process, with a round headlight, an aerodynamic fairing that wraps around the handlebars and a short tail. The designers didn’t add any panels to the bottom of the bike, to keep the frame, which was designed in-house, and the engine exposed. Arturo Magni would have preferred this look, exhibiting the “beauty of the engine’s mechanical structure visible”.

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The Italia 01/01’s design is inspired by retro racing bikes

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The Italia 01/01 is powered by a 798 cc three-cylinder engine from MV Agusta. Magni has not released any specifications, but the engine is expected to produce around 125 hp and 81 Nm of maximum torque. Magni has not disclosed if the Italia 01/01 is a one-off model or if it is expected to be produced in the coming months. Even if built, the Italia 01/01 will likely be a limited edition model.

For the latest automotive news and reviews, follow carandbike.com on Twitter, Facebook and subscribe to our YouTube channel.


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Premium Silence electric motorcycle brand in Turkey!

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Redefining the perspective of motorcycle enthusiasts on electric motorcycles

successfully representing our country and the main motorcycle brands in the world, operating under the umbrella of DoÄŸan Holding, DoÄŸan Trend Automotive was the only authorized distributor in Turkey in the field of electric mobility. Silence of important representatives of global brands.

Established in 2011 in Barcelona, ​​Spain, one of the largest motorcycle markets in Europe, with the vision that the future will be in electricity, Silence is rapidly spreading across Europe. Silence in Turkey, which will be sold in the new year, with models suitable for both personal and commercial use, only attracts attention with its expansion strategy which focuses on the production of motorcycles electric. Differentiated by unique stores in the main cities of the world and the world of electric motorcycle brand that brings premium touches, in selected locations in Turkey and is preparing to meet owners on the Internet. The trend born with three models will be available in Turkey via the Automotive Silence; While the S01 model stands out for personal urban transport, two different versions of the S02 model will meet their owners in January 2021, with a design suitable for use in the personal transport and distribution sectors.

DoÄŸan Trend Otomotiv, which successfully represents the world’s largest automobile and motorcycle brands in our country, continues to invest rapidly. DoÄŸan Trend Otomotiv, which recently started popularizing its name with new brands focusing on electric cars and motorcycles, during the last period of 2020
European leader of the electric motorcycle brand and reaching an annual production of 80,000 units, 10% market share in Spain was the only authorized distributor of Silence in Turkey.

“In addition to the individual use of the police in harsh conditions such as the gendarmerie designed to be used even in Silence’s business models, we believe there is a high demand in Turkey,” said Dogan Holding Automotive Group Companies, board member and CEO of Kagan Dagtekin, direct sales in the first place He said they intend to move forward with the model, but have received requests for very intense dealers and that they can conclude special offers with competent points and having a premium portfolio.

Supporting its perspective of innovation with sustainable mobility, Silence, the motorcycle manufacturer, offers sustainable products to improve transportation needs in line with the changing structure of society today. The battery, which can be removed and carried like a suitcase, can be recharged at home. In addition, its battery can also be used as a personal power station with suitable equipment. Silence, which will change the view of motorcycle enthusiasts on electric motorcycles, meets all the expectations of an urban motorcycle driver through its robustness, agility and above all, its extraordinary braking capacity, like the brand that offers the first electric models for personal use that can compete with gasoline motorcycles in its product line.

Pioneer of the premium electric motorcycle!

The head office of Silence, which designs, develops and manufactures 2 and 3 wheel electric vehicles in line with the innovative needs of the motorcycle market, is located in Barcelona, ​​Spain. Silence, one of the fastest growing companies with an annual production capacity of 10,000 scooters and 12,000 battery packs and deemed worthy of numerous awards, is known as the only developer of motorcycle batteries in Spain and the second in Europe.

3 different models with Turkey Now!

Dogan Trend Automotive, Silence electric motorcycle product family that offers the S01 and S02 models to the Turkish market. S01 of these models; With its powerful 7kW motor, it accelerates to 100 km / h and offers an efficient solution for urban transport with a range of more than 100 km in economy mode. The S02 model will be offered for sale in two different versions with motor powers of 1.5 kW and 7 kW, suitable for personal use or for use in the distribution sector. While the version of the S02 with a 1.5 kW motor can reach a maximum speed of 45 km / h, it can be used with a class B license and will have a range of 5.6 km with its 125 kWh battery. . Another version of the S02 with a 7 kW motor can reach a maximum speed of 90 km / h and can be used with a class A1 motorcycle license. This version has a range of approximately 5.6 km with its 150 kWh battery.

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Bajaj could revive American motorcycle brand Excelsior-Henderson

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Recently, Bajaj Auto filed a trademark for ‘Excelsior-Henderson’, sparking rumors about the resurgence of the American motorcycle brand.

Indian two-wheeler major Bajaj Auto filed a trademark in India for the name ‘Excelsior-Henderson’ on 4e December 2020, and another in Europe on the 15the December 2020. The latter is, interestingly, filed by Bajaj in the category of products and clothing, ie for motorcycle equipment and clothing.

Excelsior-Henderson began life as two different companies – Excelsior and Henderson – which were acquired and merged by Schwinn in 1912 and 1917, respectively. In 1931, Schwinn closed this merged acquisition. In 1993, Hanlon Manufacturing Company decided to develop a new V-twin cruiser motorcycle for the United States, which would later become the Excelsior-Henderson Super X in 1998, but in 1999 the company filed for bankruptcy.

In 2018, the brand was auctioned and Bajaj appeared to have acquired at least partial rights to it. With its second commercial filing, we anticipate the company intends to make it a lifestyle brand, like Harley-Davidson and Royal Enfield. In theory, the motorcycle clothing market is larger than the motorcycle market itself.

Trademark registration Bajaj Excelsior-Henderson India

Concretely, a brand must either establish itself, first among enthusiasts, then among general buyers, in order to really benefit from sales of motorcycle clothing. That said, motorcycle sales usually push clothing sales to the side, so the company might not have to worry about that. That said, there is no confirmation yet regarding the relaunch of Excelsior-Henderson, so we’ll have to wait a bit before Bajaj makes an official announcement.

The motorcycle market has been growing in recent times, not only in India but across the world. High-end motorcycles, in particular, have seen an increase in the number of buyers, and we all know how active Bajaj has been in the two-wheeler business lately. The Indian manufacturer is also engaged in the manufacture of small capacity bikes from KTM and Husqvarna for the Indian and international markets, alongside its own.

Rear Angle Excelsior-Henderson Super X

Interestingly, Bajaj is not the only Indian two-wheeler manufacturer intending to breathe new life into international motorcycle brands. Car company TVS had acquired UK company Norton some time ago, and Classic Legends (backed by Mahindra & Mahindra) will soon be showcasing new Yezdi bikes (and it already has Jawa under its belt).

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Bajaj acquires intellectual property rights for American motorcycle brand Excelsior-Henderson

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Excelsior-Henderson Super X. Credit – pinimg

Bajaj reportedly bought intellectual property rights to defunct US-based premium motorcycle brand

Bajaj Auto filed a second trademark for Excelsior-Henderson with the European Union Intellectual Property Office (EUIPO) on December 15, 2020 in the clothing category which includes riding clothing and equipment. It is noteworthy that earlier in 2018, the Indian two-wheeler major filed a trademark for the aforementioned brand under the motorcycle design course which covers vehicles, spare parts and service.

Excelsior-Henderson – A Brief History

Excelsior-Henderson is an old two-wheeler brand that ceased to exist in its original form in 1931 during the Great Depression. Its origins can be traced back to an entity founded in 1876 under the Excelsior Supply Company banner as a manufacturer of cycles and spare parts.

As it entered the new century, the Chicago-based company began making motorcycles, and in 1912 an Excelsior became the first motorcycle in the world be officially timed at 100 mph (160 km / h). In the same year, Excelsior was bought by another Chicago-based cycle maker, Schwinn, which also bought Henderson Motorcycles in 1917 and merged the two subsidiaries.

As the Great Depression was to continue for several years, Schwinn abruptly shut down Excelsior-Henderson’s motorcycle division in 1931 despite a full order book and focused on the core business of bicycles. After several decades, in 1993, Hanlon Manufacturing Company relaunched the Excelsior-Henderson brand with its base in Minnesota.

Bajaj purchases intellectual property rights for Excelsior-Henderson motorcycles
Bajaj purchases intellectual property rights for Excelsior-Henderson motorcycles

The first production model of the new era was called Super X, a tribute to the company’s history in the early 20th century. Production started in 1999 with a classic retro style. In 1999 and 2000, the company produced a total of approximately 1,950 units before failing to secure additional funds to continue operations.

Future plans

Although Excelsior-Henderson ceased to exist as an OEM of motorcycles, the company still exists and has intellectual properties. The Trademark Office photo confirms that Bajaj Auto bought the intellectual property rights to the mark.

As other Indian two-wheeler OEMs try to relaunch old motorcycle brands as a gateway to international markets, Bajaj Auto could also work on a similar strategy with Excelsior-Henderson. For example, TVS Motor Co recently bought UK brand Norton, and Classic Ledgends, backed by Mahindra, has relaunched Jawa and is also reportedly working to bring Yezdi back to center stage.

It’s too early to speculate on what the trademark filings ultimately lead to, but it would be exciting to see Bajaj create Excelsio-Henderson as a boutique motorcycle brand with exquisite designs and limited production runs.

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Harley Davidson will continue selling and servicing motorcycles in India from January 2021

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New Delhi: The availability of Harley-Davidson motorcycles as well as after-sales services, among other things, will continue from January 2021, the company announced on Saturday.Read also – Work from home: Reliance Industries, Bharti Airtel and other companies are adopting flexible working models for their employees. Read the full plan here

Last month, Harley-Davidson Inc and Hero MotoCorp, the world’s largest motorcycle and scooter maker by unit volume, announced that the two would ride together in India. Read also – Hero Vida V1 Electric Scooter Launched: Company Says It’s ‘Smartphone on Wheels’; Claims 165Kms Range

Sajeev Rajasekharan, Managing Director – Emerging Markets Asia and India, Harley-Davidson, “As we change our business model in India, we are excited to continue our journey in the country with Hero MotoCorp.” Read also – Hero MotoCorp, partner of Hindustan Petroleum, to set up electric vehicle charging stations for two-wheelers across India

“We are working closely with Hero to ensure a smooth transition for our riders. We provide our riders with available updates and have assured them that sales of Harley-Davidson motorcycles, parts and accessories and general merchandise, as well as after-sales services, warranty and HOG activities will continue from January 2021.

Pursuant to a distributorship agreement, Hero MotoCorp will sell and service Harley-Davidson motorcycles, and will sell parts and accessories as well as general merchandise equipment and apparel through a network of brand-exclusive Harley-Davidson dealerships. and Hero’s existing dealer networks in India.

Under a licensing agreement, Hero MotoCorp will develop and sell a line of premium motorcycles under the Harley-Davidson brand.

These actions are aligned with Harley-Davidson’s business overhaul, The Rewire.

Harley Davidson will continue to sell and service motorcycles in India from January 2021

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New Delhi: Availability of Harley-Davidson motorcycles as well as after-sales service, among others, will continue from January 2021, the company said on Saturday.Also Read – Hero MotoCorp Closes Factories Amid COVID Spike, First Major Company To Take Such A Step

Last month, Harley-Davidson Inc and Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters by unit volumes, announced that the two would ride together in India. Read also – Shares to buy before the 2021 budget India: here are 5 sectors to watch

According to Sajeev Rajasekharan, Managing Director – Asia Emerging Markets & India, Harley-Davidson, “As we change our business model in India, we are delighted to continue our trip to the country with Hero MotoCorp. ” Also Read – Harley Davidson Showroom Fire In Delhi, 4 Rescued From Above Nightclub

“We are working closely with Hero to ensure a smooth transition for our runners. We provide our riders with available updates and have assured them that sales of Harley-Davidson motorcycles, parts and accessories and general merchandise, as well as after-sales service, warranty and HOG operations will continue from January 2021. “

Pursuant to a distribution agreement, Hero MotoCorp will sell and service Harley-Davidson motorcycles, and sell parts and accessories as well as clothing and rider apparel through a brand-exclusive Harley-Davidson dealer network and networks. of existing Hero dealers in India.

Under a licensing agreement, Hero MotoCorp will develop and market a line of premium motorcycles under the Harley-Davidson brand.

These actions are aligned with Harley-Davidson’s business overhaul, The Rewire.

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British motorcycle brand BSA could be relaunched in electric form by 2021

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develop See the pictures

Iconic British motorcycle brand BSA could be relaunched by Mahindra-owned Classic Legends by 2021

The Mahindra Group could consider relaunching the British motorcycle brand BSA, with the direct backing of Anand Mahindra, chairman of the Mahindra Group, according to the latest reports from the UK. According to an article in The Guardian, Mahindra plans to restart production at BSA company, assembling electric motorcycles under the BSA brand in the Midlands as early as mid-2021. According to the report, the relaunched BSA company will begin building shortly. a research center in Banbury to develop electric motorcycle technology, before launching internal combustion engine motorcycles, closely followed by an electric battery model by the end of 2021.

Read also: Mahindra acquires BSA motorcycle brand

moto bsa

Iconic British motorcycle brand BSA could be relaunched with electric powertrains and internal combustion engines

BSA, or Birmingham Small Arms, was acquired by the Mahindra Group in 2016, through its subsidiary, Classic Legends Private Limited (CLPL), which manufactures and sells the revived Jawa motorcycles in India. BSA was founded in 1861 to manufacture firearms, and the brand’s metallurgical factories then turned to bicycles and then motorcycles. In the 1950s it was the largest motorcycle manufacturer in the world, but ceased production after going bankrupt in the 1970s. In the 1950s and 1960s BSA was one of the UK’s most successful motorcycle brands. most popular around the world, with Triumph, Norton and Royal Enfield.

Read also: Analysis – Why did Mahindra acquire the BSA motorcycle brand?

The new BSA company plans to start assembling traditional internal combustion engines costing between 5,000 and 10,000 GDP (between ₹ 5-10 lakh, approximately). Anupam Thareja, founder of Classic Legends Private Limited, leads the BSA brand relaunch project. Thareja initially acquired the BSA brand and plans to set up the BSA factory near the original Small Heath site in West Midlands, south-east of Birmingham. carandbike has contacted Classic Legends Private Limited for a reaction to the report. However, CLPL has yet to answer questions at the time of this story’s publication.

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(Source: The Guardian)

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BSA makes a comeback as a brand of electric motorcycles

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One of India’s leading businessmen has reiterated his intention to bring back iconic British motorcycle brand BSA.

Anand Mahindra, the billionaire chairman of the Mahindra Group, says he hopes to resurrect the legendary brand, which last produced a motorcycle in the early 1970s.

In an interview over the weekend, he spoke about his plans for BSA to become an electric vehicle maker in the future and to produce motorcycles at a new factory close to the brand’s original home in Small Heath. , Birmingham, from next year.

BSA makes a comeback: iconic British motorcycle brand could be resurrected from next year after Mahindra Group bought the rights to its name last week

Mr Mahindra told The Guardian he hopes to start building a research center in Banbury, Oxfordshire to develop electric motorcycle technology soon.

This would be followed by a new production facility in the brand’s historic home in Small Heath.

The first production motorcycles will be fossil-fueled bikes, but by the end of 2021, he hopes BSA e-bikes could be ready.

“The UK has been the leader in cycling from the start,” Mahindra told the newspaper. “This provenance is something we really want to keep.”

Last week, Mahindra & Mahindra announced that its subsidiary BSA Company Limited in the UK had purchased three companies from the BSA Regal group.

BSA was one of the largest <a class=motorcycle manufacturers in the world in its heyday” class=”blkBorder img-share” style=”max-width:100%” />

BSA was one of the largest motorcycle manufacturers in the world in its heyday

The Bantam is the most famous product of British manufacturers, selling over a quarter of a million copies after the model was launched after World War II.

The Bantam is the most famous product of British manufacturers, selling over a quarter of a million copies after the model was launched after WWII.

Anand Mahindra, the billionaire chairman of the Mahindra group, hinted at his intentions to relaunch the iconic bike brand in 2017 with this tweet

Anand Mahindra, the billionaire chairman of the Mahindra group, hinted at his intentions to relaunch the iconic bike brand in 2017 with this tweet

This isn’t the first time the billionaire, who made his fortune from the automaker, has promised to bring the brand back after buying BSA Company Limited in October 2016.

At Christmas day in 2017 he tweeted a picture of Santa Claus on a BSA bike, writing: “We’re sorry you missed your favorite ride all these years, Santa … We’re working to get it back for you … A new and shiny one, but with everything the character of your old steed. ‘

Anand Mahindra has an estimated wealth of $ 1.7 billion (£ 1.3 billion)

Anand Mahindra has an estimated wealth of $ 1.7 billion (£ 1.3 billion)

Anand Mahindra has an estimated fortune of $ 1.7 billion (£ 1.3 billion), according to Forbes magazine.

The UK government has given BSA a £ 4.6million grant to develop e-bikes, hoping to create at least 255 jobs in and around Oxfordshire.

BSA bikes with traditional combustion engines will cost between £ 5,000 and £ 10,000, the Guardian reported.

The company fears it will be hit by tariffs after Britain exits the EU, but believes it can exploit the desire that people will have to travel when the lockdown finally ends.

In its heyday, it was the number one motorcycle brand in the country.

BSA, which stands for Birmingham Small Arms, was founded in 1861 to manufacture firearms – a benchmark fans of the BBC drama Peaky Blinders are familiar with.

After World War II, the Midlands Ammunition Factory at Small Heath in the south-eastern part of Birmingham became a motorcycle assembly line.

Daily Mail automotive correspondent Courtenay Edwards on the BSA Bantam motorcycle

Daily Mail automotive correspondent Courtenay Edwards on the BSA Bantam motorcycle

The Bantam used a small capacity single cylinder engine.  Over 250,000 have been sold

The Bantam used a small capacity single cylinder engine. Over 250,000 have been sold

Pat Booth, actress and model, sitting on her BSA Starfire 250cc motorcycle

Pat Booth, actress and model, sitting on her BSA Starfire 250cc motorcycle

In 1948, BSA released the legendary Bantam, which sold over 250,000 copies. It also launched successful models including the Gold Star and the A10 Rocket Gold Star.

In 1951, it bought the rival British motorcycle brand Triumph.

The combined production of the two brands made BSA the largest motorcycle manufacturer in the world at the time.

However, mismanagement and bad investments brought the business down soon after and – like many UK businesses – it was crippled by recession around the turn of the 1970s.

A government bailout in 1972 saw BSA merge with Norton-Villiers to create Norton-Villiers-Triumph (NVT), which only lasted six years before being finally liquidated.

The last BSA motorcycle was produced in 1973.

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Harley-Davidson is Google’s most searched motorcycle brand in 83 countries

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The headline above is perhaps the obvious statement of the week. You really don’t need statistics to know that Harley-Davidson is an Internet phenomenon: if we don’t know for sure, it’s something most of us feel in our guts. But it’s good to have confirmation every now and then.

Born in 1903 in Milwaukee, Wisconsin, Harley has become the most popular motorcycle brand of all time. And by success, we don’t necessarily mean the best-selling one, but the one that most people and custom shops on this planet think / dream of.

As of 2017, Harley makes around 240,000 motorcycles each year – most of them remain in stock, but a large chunk of them are sold in the aftermarket as well. Many other Harleys come from unofficial garages, which do custom races and try to attract attention by using Harley parts and putting the name on builds.

And the internet loves them all. According to a study by Australian insurance company Budget Direct, Harley-Davidson is the most sought-after motorcycle manufacturer in many parts of the world.

How many? Well, our world is divided into about 195 countries, and Harley tops the search engine lists in 83 of them. And we mean the biggest, not a forgotten island state.

You can consult the map available in the photo gallery for more details. All of the regions you see in orange are governed by Harley searches, from the United States to the Far East and Northern Europe to the southernmost point of Australia.

There are also other names on the list. In some places people like Ducati or Honda more, so they use Google to search for them. Others go for Kawasaki or Royal Enfield, and there are even some who like to Googling Bajaj.

But a quick glance at the map shows who the real king of the kingdom really is.

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2021 Triumph Trident 660 unveiled: British motorcycle brand’s entry-level Roadster model to enter India next year

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At the outset of design, the new Triumph Trident 660 introduces a new design language. The bikes feature a muscular stance with a sculpted fuel tank. The bike also features a minimalist design with a one-piece seat, exposed frame and engine, and circular elements, which add to the retro charm.

2021 Triumph Trident 660 unveiled: British motorcycle brand's entry-level Roadster model to enter India next year

The new Triumph Trident 660 is additionally offered in a choice of four colors: Matte Jet Blac / Matte Silver Ice, Silver Ice & Diablo Red, Crystal White and Sapphire Black.

2021 Triumph Trident 660 unveiled: British motorcycle brand's entry-level Roadster to enter India next year

Other features of the new Triumph Trident 660 also include all-around LED lighting and a TFT display for the instrument cluster. The digital display can be connected to the rider’s smartphone using the “My Triumph” app. The bike also offers a host of driving aids and electronics, such as ride-by-wire, traction control, riding modes (Road & Rain) and a few others as well.

2021 Triumph Trident 660 unveiled: British motorcycle brand's entry-level Roadster model to enter India next year

The new Triumph Trident 660 will be powered by a 660cc inline three-cylinder engine. It produces 80 hp at 10,250 rpm and 64 Nm of maximum torque at 6,250 rpm, combined with a six-speed gearbox with slip clutch / assist.

2021 Triumph Trident 660 unveiled: British motorcycle brand's entry-level Roadster to enter India next year

The bike uses an all-new tubular steel frame, along with 41mm Showa USD forks up front and a Showa single-shock rear suspension setup, both of which are adjustable. The bike is equipped with 310mm dual disc brakes at the front and a single disc at the rear, supported by dual channel ABS. the Trident also runs on 17-inch wheels shod with Michelin Road 5 tires. The new Triumphal Trident 660 weighs only 189 kg, which is impressive.

2021 Triumph Trident 660 unveiled: British motorcycle brand's entry-level Roadster to enter India next year

Triumph will launch the Trident 660 motorcycle in the Indian market. The entry-level roadster is expected to go on sale in India early next year. International prices for the Triumph Trident 660 Roadster start at £ 7,195 (equivalent to almost Rs 7 lakh), excluding taxes.

2021 Triumph Trident 660 unveiled: British motorcycle brand's entry-level Roadster model to enter India next year

Thoughts on the 2021 Triumph Trident 660

The Triumph Trident 660 will also be the brand’s entry-level product in India. The motorcycle is expected to be sold at an aggressive price in the Indian market. Once launched, we got to see the Roadster take on competitors such as the Kawasaki Z650 in the Indian market.

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TVS Apache, TVS Motor Company’s premium motorcycle brand, hits 4 million worldwide sales milestone

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ANI |
Update:
12 October 2020 13:15 STI

Hosur (Tamil Nadu) [India], Oct. 12 (ANI / NewsView): TVS Motor Company, a renowned manufacturer of two-wheelers and three-wheelers in the world, today celebrates the milestone of 4 million worldwide sales for its premium motorcycle brand, TVS Apache.
Launched in 2005, the TVS Apache series is the country’s fastest growing premium motorcycle brand, with a strong presence in global markets.
“This is an important day for us at TVS Motor Company as we reach 4 million worldwide sales milestone for our premium motorcycle brand, TVS Apache. Over the years, ambitious young riders have shown a keen interest in high-end performance-oriented motorcycles. As a result, the TVS Apache brand has gained immense popularity among motorcycle enthusiasts around the world, ”said KN Radhakrishnan, Director and CEO of TVS Motor Company, while commenting on this milestone.
“The Apache motorcycle platform showcases the company’s technological prowess, using years of experience and racing pedigree. With a range of motorcycles from 160cc to 310cc, our focus on premiumization has enabled us to offer many leading features and best-in-class technologies to our customers, including RT-Fi engine technology, GTT (Glide Through Technology), Riding Modes, SmartXonnect and Slipper Clutch ”, added KN Radhakrishnan.
“Our journey to reach this milestone is one filled with exemplary efforts that have made TVS Apache a truly global brand. This milestone is an affirmation of our commitment to deliver superior products to our discerning customers,” added Radhakrishnan .
To commemorate the 4 million worldwide sales celebrations, TVS Motor Company, together with its customers TVS Apache, created the “longest checkered flag” at 957 feet in length. Procuring images of their customers around the world, the flag is an expression of gratitude for their love and faith in the brand. With over 2,000 images, the Checkered Flag set the record in the Asia Book of Records and India’s Book of Records for the creation of the longest checkered flag at its TVS Mysore factory.
TVS Apache Series, the premium motorcycle brand, spans two categories – Naked and Super Sports. The RTR (Racing Throttle Response) series, encompassing the range of TVS Apache RTR 160, TVS Apache RTR 160 4V, TVS Apache RTR 180 and TVS Apache RTR 200 4V are the existing offerings in the naked motorcycle category.

On the Super Sport front, the brand introduced the TVS Apache RR 310 (Race Replica) as the first to enter the super premium category in 2017, which asserts superior performance and driving dynamics, combined with a robust and expressive design. . The TVS Apache RR 310 motorcycle is packed with superior racing tech features including wire throttle technology, four riding modes, a 5 ” TVS SmartXonnect-compatible vertical TFT display and more.
The TVS Apache series has created a series of experiential initiatives to connect with its customers.
The Apache Owners Group (AOG) is a community for like-minded customers to share their enthusiasm for performance motorcycling. The community spans 52 cities in India and major international markets with a fraternity of over 30,000 customers.
Apache Racing Experience (ARE) began in 2007 as a platform for Apache owners to gain exclusive and direct experience of harnessing racing DNA in their motorcycles under the guidance of champion riders. TVS Racing. In addition, the brand also hosts exciting stunt shows under the banner of Apache Pro Performance (APP) and Apache Pro Performance Extreme (APPX), which creates widespread customer engagement.
In 2019, the company debuted with the 1st edition of its flagship event – TVS MotoSoul to connect with Apache owners and motorcycle enthusiasts across the world and celebrate their love and passion for performance motorcycles.
TVS Motor Company is a reputable two- and three-wheeler manufacturer and is the flagship company of the $ 8.5 billion TVS group. We believe in promoting progress through mobility. Rooted in our 100 year heritage of customer trust, value and passion and accuracy, we pride ourselves on manufacturing the highest quality internationally aspirated products through innovative and sustainable processes. We strive to deliver the most superior customer experience to all of our touchpoints in 60 countries.
We are the only two-wheeler company to have received the prestigious Deming Prize. Our products have been leading in their respective categories in the JD Power IQS and APEAL surveys for five years. We have been ranked # 1 in the JD Power Customer Service Satisfaction Survey for four consecutive years.
This story is provided by NewsView. ANI will not be responsible for the content of this article in any way. (ANI / NewsView)

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Premium Motorcycle Brand TVS Apache Reaches 4 Million Global Sales

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TVS Motor Company today announced that its premium Apache motorcycle brand has reached the 4 million mark in global sales.

Launched in 2005, the TVS Apache series is one of the country’s fastest growing premium motorcycle brands, with a strong presence in global markets.

KN Radhakrishnan, director and chief executive of TVS Motor Company, said one million total sales were made in the past two years alone.

He said that over the years, ambitious young riders have shown a keen interest in high-end performance-oriented motorcycles. As a result, the TVS Apache brand has gained immense popularity among motorcycle enthusiasts around the world.

The Apache motorcycle platform showcases the company’s technological prowess, using years of experience and racing pedigree.

“With a range of motorcycles from 160cc to 310cc, our focus on premiumization has enabled us to offer our customers many advanced features and technologies, including RT-Fi engine technology, GTT (Glide Through Technology), Modes control, SmartXonnect and slip clutch, ”he said.

To commemorate the 4 million worldwide sales celebrations, TVS Motor Company, together with its customers TVS Apache, created the “longest checkered flag” spanning a length of 957 feet and set the record in the record books of Asia and the Book of India. Records for the creation of the longest checkered flag at its TVS Mysore factory.

TVS Apache Series, the premium motorcycle brand, spans two categories – Naked and Super Sports. The RTR (Racing Throttle Response) series, encompassing the range of TVS Apache RTR 160, TVS Apache RTR 160 4V, TVS Apache RTR 180 and TVS Apache RTR 200 4V are the existing offerings in the naked motorcycle category.

On the Super Sport front, the brand introduced the TVS Apache RR 310 (Race Replica) as the first to enter the super premium category in 2017, which asserts superior performance and driving dynamics, combined with a robust and expressive design. . The TVS Apache RR 310 motorcycle is packed with superior racing tech features including wire throttle technology, four riding modes, a 5 ” TVS SmartXonnect-compatible vertical TFT display and more.

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High-end electric motorcycle brand Arc Vector is relaunched

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The UK’s most advanced electric motorcycle brand has been revived and rescued from administration.



develop See the pictures

UK Super Exclusive Arc Vector Electric Motorcycle Project Relaunched

Arc Vector, one of the UK’s most advanced electric motorcycle brands, is set to get a new lease of life after its founder bought the company from administration. Last year, Arc Vector unveiled an exclusive hyper nude electric bike built around a carbon fiber monocoque. The company did, however, run into financial difficulties in September 2019 before the project could come to fruition. Arc Vector founder Mark Truman, who also designed the original concept, bought the key assets from the administrator and relaunched the project. In fact, Truman hopes to deliver bikes to customers within a year.

Read also: Electric arc vector motorcycle to be revealed to the public

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The Arc Vector is said to produce 133 hp with a top speed of over 200 km / h

The Arc Vector features an innovative front end and is said to produce around 133bhp of power and a whopping 395Nm of torque. The latest battery technology delivers a claimed range of over 550km on a single charge and time. charging time of just 45 minutes. With a claimed weight of 220kg, the Arc Vector also uses dual carbon swingarms up front instead of forks. The maximum speed is claimed to be over 200 km / h.

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The Arc Vector electric motorcycle comes with features such as a riding jacket with haptic feedback and a helmet with head-up display

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The Arc Vector has several features that are not seen on any electric motorcycle. A haptic jacket worn by the cyclist alerts you to dangers around the bike by small vibrations and pulses inside the garment. A specially designed helmet equipped with a head-up display (HUD) transmits vital bike data and ride information to the rider while on the road. The limited-edition bike is expected to be exclusive and expensive, with the first of the production models due to ship to customers in late 2021.

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Harley-Davidson exits India: American motorcycle brand closes manufacturing plant and sales operations in India as part of new “The Rewire” strategy

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As part of the restructuring process, the company will close its manufacturing plant in Bawal, while significantly reducing its sales office in Gurgaon. Harley-Davidson also announced that its dealer network in India will continue to serve customers for the duration of the contract.

Harley-Davidson exits India: American motorcycle brand closes manufacturing plant and sales operations in India as part of new “The Rewire” strategy

The American motorcycle brand has already started communicating with its customers in the country and will keep them informed of future assistance. However, it is still unclear how the brand will support customers in terms of spare parts, spare parts and future services for vehicles.

Harley-Davidson exits India: American motorcycle brand closes manufacturing plant and sales operations in India as part of new “The Rewire” strategy

The company faced a massive setback in terms of sales in the Indian market. The demand and reduced sales of Harley-Davidson products, along with the COVID-19 pandemic and the lockdown that followed, had a major effect on the brand’s operations.

Harley-Davidson exits India: American motorcycle brand closes manufacturing plant and sales operations in India as part of new “The Rewire” strategy

There were reports in August 2020 that Harley-Davidson had started laying off employees in India, as part of its downsizing of operations in the country. Downsizing its employees was part of the same Rewire strategy.

Harley-Davidson exits India: American motorcycle brand closes manufacturing plant and sales operations in India as part of new “The Rewire” strategy

This Rewire strategy is expected to continue until the end of 2020. This will further lead to a new strategic plan for 2021-2025, called “The Hardwire”, which will aim to strengthen the desirability of the brand and products.

Harley-Davidson exits India: American motorcycle brand closes manufacturing plant and sales operations in India as part of new “The Rewire” strategy

This restructuring process also now casts doubt on plans to introduce a new entry-level 338cc offering. With the closure of all manufacturing and sales operations in India, there is no news of Harley-Davidson’s new project. The new 338cc HD was set to take on the Royal Enfield motorcycles in the Indian market.

Harley-Davidson exits India: American motorcycle brand closes manufacturing plant and sales operations in India as part of new “The Rewire” strategy

Thoughts on the closure of Harley-Davidson in India

Harley-Davidson now joins a long list of automakers who have shut down operations in India in the past 4-5 years. The list includes General Motors, UM Motorcycles and Fiat; to name a few. It will be interesting to see how the company now manages services for its current clients in the Indian market.

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Even the official Sturgis Rally motorcycle brand thinks the mass rally is too risky

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The mass rally at the Sturgis Motorcycle Rally amid the pandemic is too crazy even for the company whose name is almost synonymous with the annual event.

The Harley-Davidson Company has been associated with rallying in the town of Sturgis, South Dakota since its inception decades ago.

The fat and throbbing Harley “hog” is the official rally bike.

The city’s main intersection is Main Street and Harley-Davidson Way.

The plaza in the center of Sturgis is the Harley-Davidson assembly point, and those who gather there stand over a huge Harley-Davidson logo.

Bill Davidson, grandson of company founder William Davidson, attended the square’s grand opening in 2015, a ceremony that involved a blowtorch and chain rather than scissors and ribbon.

As it was the rally’s 75th anniversary, the plaza featured 75 bricks from Harley-Davidson’s century-old headquarters in Milwaukee, transported to Sturgis by a fleet of motorcycles.

Since then, the rally’s opening ceremonies have taken place in the square every year, with speeches, celebrity appearances, live music, and a daredevil motorcycle jump, all accompanied by the roar of thousands of Harley.

The company has always been very present for the next nine days.

“Usually we have trucks, people, products, demos and everything,” a company spokesperson told The Daily Beast on Friday. “This year we are not doing it.

The difference is the pandemic, which makes a mass rally of any kind dangerous, especially if turnout is expected to reach 250,000 and attendees largely reject proven precautions like wearing masks and social distancing.

The dangers have given pause to even a company that relies on people’s willingness to risk being freaked out without the protection of seat belts or airbags.

To have taken part in the rally as in previous years would have meant being complicit in a carelessness of a different order even than riding a motorcycle without a helmet.

If you jump on a pig without a helmet, you are only endangering yourself.

But if you walk around without a mask, you put others in danger.

This time, the company sent no personnel, no trucks, no products, no demonstrations.

“We made the decision to support him in a different way,” said a spokesperson. “This year, we’re doing it in a way that promotes social distancing. “

Instead, the company offered the “Let’s Ride Challenge”, which invites enthusiasts to embark on a variety of “organized” rides, ranging from short to “epic”.

“More than just building machines, Harley-Davidson represents the timeless pursuit of adventure,” Jon Bekefy, the brand’s chief marketing officer, said in a press release. “The Let’s Ride Challenge is Harley-Davidson’s invitation for all bikers in this difficult time to rediscover adventure through social distancing to find freedom of the soul.

The breathless hype apparently seeks to convince Harley fans that you can feel the wind in your hair without risking having COVID in your lungs, that freedom doesn’t necessarily mean putting those around you in danger, that you can be adventurous on the road without joining others in mass madness.

The official opening was always held at the Harley-Davidson Rally Point with its huge Harley-Davidson logo on Harley-Davidson Way, but no company representative was present, let alone a descendant of the founder. And the mayor of Sturgis, Mark Carstensen, reduced the ceremony to the simple reading of a master proclamation.

“Over the past decade, we have evolved the opening ceremonies,” he noted. “I didn’t think we would evolve into this.”

The mayor was almost drowned by the roar of a passing Harley, a sound that seems to be a big part of their appeal. This attraction among die-hard bikers had survived the company’s 2018 feud with President Trump when it said its tariffs forced it to move some production overseas. His absence from Sturgis this year shouldn’t put Harleys in the fate of Japanese motorcycles, which look like supercharged sewing machines and have been crammed and burned in previous rallies.

Carstensen handed over the microphone to Noala Fritz, a Gold Star mother who accompanies a traveling exhibition called “Remembering Our Fallen”, which takes up part of the place during this gathering. The exhibit features photos of all the Americans who died in our two longest wars.

“The home of the free because of the brave,” said Fritz. “Everyone gave it, these men and women gave it their all. “

She said a few words about her son, Army Lt. Jacob Fritz, who was kidnapped and murdered along with three other soldiers in Karbala, Iraq, in 2007. She then spoke of all the dead whose photos now travel from one state to another.

“They have all taken an oath to defend our country against our enemies, foreigners and nationals,” she said.

None of the dead probably could have imagined that we would face an unseen enemy at home who has so far killed more Americans than they have died in all of our wars since the conflict in Korea began. And if healthcare workers are the ones on the front lines now, we must all be in this desperate fight against COVID-19. The least we can do is take the simple precautions that have been shown to be effective in reducing the spread.

“Enjoy the rally,” the mayor said after Fritz returned the microphone.

He was standing on this Harley-Davidson logo and behind him was an American flag.

“Be careful,” he added.

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Soriano Motori is reborn as a brand of high-performance electric motorcycles


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Since the 1950s, a Soriano motorcycle has not been launched. But that is about to change as the famous Spanish motorcycle brand is restarted by an Italian company as a manufacturer of fully electric motorcycles.

The new electric motorcycles from Soriano Motori

And as part of the relaunch, Soriano Motori shares the specifications of its three new electric motorcycles exclusively with Electrek.

The new electric motorcycles are known as Soriano Giaguaro, which means Jaguar in Italian.

In some ways, they stick to Soriano’s classic design heritage, such as with their aluminum beam fork suspension.

In other respects, they depart sharply from the methods of the past, replacing gasoline engines with liquid-cooled electric motors.

The Giaguaro V1 Gara is the flagship model and has an advanced 75 kW (100 hp) electric motor. and a 0-60 mph time of 3.5 seconds. That would put it on par with the Zero SR / F electric motorcycle, albeit a bit slower than the Harley-Davidson LiveWire’s 3-second 0-60mph time.

The Giaguaro V1S is slightly quieter with a peak 72 kW (96 hp) engine and a 0-60 mph time of 4.4 seconds.

Finally, the Giaguaro V1R brings up the rear with a 60 kW (80 hp) engine and a 0 to 100 km / h time of 4.4 seconds. Still not too shabby!

The bikes certainly look like what you would expect from an Italian sportbike company and should shame Ducati for dragging their feet when it comes to electric motorcycles.

As the founder of Soriano Motori Corporation, Marco A. Soriano, explained in a press release to Electrek:

“Soriano Motori Corp’s motorcycles represent the best Italian design, image, branding, architecture and engineering, which for the first time are being applied to electric motorcycles for the next generation of riders. Soriano Motori motorcycle owners are assured of the look, feel and lifestyle of what they love about motorcycles, fused with the exhilaration of a strong brand proud of made in Italy. We balance elegance and innovation to deliver something transcendent for motorcycle culture.

The bike’s beam forks aren’t the only design aspect reminiscent of early Soriano motorcycles.

They also feature another retro design that you won’t find on most electric motorcycles today: manual transmissions. All three bikes feature manual three-speed gearboxes that could squeeze even more performance out of their engines, but are more likely designed to add to the sporty riding experience.

There are a few other electric motorcycle designs we’ve seen in recent years that sport manual gearboxes, such as those from KYMCO and Horwin, but very few have actually made it onto the road.

While the Soriano Giaguaros can be sporty, that doesn’t necessarily translate to long-distance driving. Bikes offer options for 15kWh or 20kWh batteries, but ranges are only listed from 120-160 km (75-100 miles). Surely enough for the track, but it remains to be seen how far Italian riders can venture into the Italian countryside.

To be fair, at an efficiency of 200 Wh / mi, these range estimates are probably given at highway speeds. For comparison, a Zero SR / F offers a range of 132 km (88 miles) at 112 km / h (70 mph) with a 14.4 kWh battery. This translates into an efficiency barely greater than that of the Soriano Giaguaro, and this is another indicator that the Italians give us ratings of autonomy on the motorway.

And speaking of Italian design, you didn’t expect these bikes to be cheap, did you? Soriano Motori only produced a first limited series of 100 motorcycles for its first production series. This pushes the prices pretty high, ranging from the “entry-level” Giaguaro V1R that starts at € 25,000 to the flagship Giaguaro V1 Gara that starts at € 30,000.

What do you think of Soriano’s rebirth as an electric motorcycle company? Let us know your thoughts in the comments section below!

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Upper Manhattan motorcycle sale ends in armed robbery


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The two suspects behind an armed robbery in Upper Manhattan on April 25, 2020 (Photos via video provided by NYPD)

Detectives are looking for two gunmen who robbed a 47-year-old man in Upper Manhattan last month in an alleged motorcycle sale, police reported.

Police sources said the theft took place at 3:10 p.m. on April 25 outside an apartment building on West 149th Street near Convent Avenue in Sugar Hill.

Police said the victim attended the scene after making arrangements online to purchase a motorcycle. But upon his arrival, the two suspects met him and drew their weapons.

Police said the suspects withdrew $ 980 in cash from the victim, then fled on foot eastbound on 149th Street West to Convent Avenue.

The incident was reported to 30th arrondissement. The victim was not injured.

Security video taken near the scene, which the NYPD released on May 14, shows the two suspects running under scaffolding. One of them wore a black hoodie, black pants, black sneakers and a white surgical mask around his neck.

His cohort wore a black doorag, a black mask over their face, a black sweatshirt, light blue latex gloves, and dark colored pants.

Anyone with information on their whereabouts can call Crime Stoppers at 800-577-TIPS (for Spanish, dial 888-57-PISTA). You can also submit tips online at nypdcrimestoppers.com or on Twitter. @NYPDTips. All calls and messages are kept confidential.


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TVS acquires Norton, Britain’s most iconic sportbike brand

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TVS Motor Company on Friday announced the acquisition of the UK’s most iconic sports motorcycle, the ‘Norton’, in an all-cash deal, for £ 16million, by acquiring certain assets of Norton Motorcycles (UK) (under administration), via one of TVS Motor’s Overseas Weapons. It would be one of the most exciting acquisitions by a reputable motorcycle maker, and reflects the growing importance of TVS and India in the global two-wheeler market, the company said.

Founded by James Lansdowne Norton in Birmingham (1898), Norton Motorcycles is one of the most popular British motorcycle brands of all time.

Since the 20th century, Norton has been renowned for its classic models and eclectic lineup of luxury motorcycles, ranging from the authentic retro classic reboots of the famous Commando to their contemporary 200hp, 1200cc V4 superbikes.

READ ALSO: Indian IT Companies To Postpone Annual Wage Rise Plans, But Say “No Layoffs”

Sudarshan Venu, Deputy General Manager of TVS Motor, said, “This is an important moment for us at TVS Motor Company. Norton is an iconic British brand.

Norton had a management problem, which TVS – with its global supply chain capabilities and financial backing – helped overcome. Although there are short-term concerns due to Covid-19, TVS Motor has stepped up its cost-cutting measures and reduced capital spending. Given the nature of Norton, which is not a capital-intensive company, there does not appear to be any immediate concern. Manufacturing will continue at the existing facility and many customer orders will be fulfilled cost-effectively.


The immediate focus would be on developed markets, where Norton already has a presence, before expanding into major developing markets. The company has a strong relationship with BMW, which will continue. Venu said, “TVS Motor will work closely with customers and employees to build the success and preeminence of the Norton Motorcycles brand. “

ALSO READ: Coronavirus growth rate slashes 40% after lockdown, giving hope to India

“It’s a brand that gives us a huge opportunity to grow and create value. Funding was done on an internal accrual basis. This is an asset purchase, since this company has had a bit of a rough time in recent years, we have not taken any liabilities or responsibilities in the past, ”he added.

The company is committed to absorbing all 55 to 60 employees.

“We are also seeing synergies within the supply chain and distribution, and we look forward to the products under development. We have the intellectual property and the trademark rights, ”Venu said.

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TVS Motors acquires iconic British motorcycle brand Norton

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Commenting on the acquisition, Sudarshan Venu, Deputy Managing Director of TVS Motor Company, said, “This is a critical time for us at TVS Motor Company. Norton is an iconic British brand celebrated around the world and offers us a huge opportunity to grow globally. This transaction is part of our efforts to meet the aspirations of demanding motorcycle customers. We will extend our full support for Norton to regain its glory in the international motorcycle landscape, ”adding that Norton will continue to maintain its distinctive identity with dedicated and specific business plans.

“TVS Motor will work closely with customers and employees to build the success and preeminence of the Norton Motorcycles brand and we look forward to growing together globally in the years to come,” he concluded. .

TVS Motors is very excited to incorporate the remarkable brand into its product portfolio and hopes to leverage its global supply chain know-how to make Norton motorcycles even more popular and grow over many years. new markets. Norton, as a company, has had a pretty checkered past with filing for bankruptcy in the UK due to its cash flow issues. TVS says there is a strong synergy between the brands and looks forward to taking this British brand to new heights.

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TVS in talks to buy British motorcycle brand Norton


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Local two- and three-wheeler maker TVS Motor Co. Ltd is in talks with well-known British motorcycle maker Norton Motorcycles (UK) Ltd to own the brand, along with its assets and liabilities, two people familiar with the development said at condition of anonymity.

Norton Motorcycles, 122, ran out of money in January and did not pay taxes. Norton’s last owner, Stuart Garner, with business interests in real estate and hospitality, acquired the legacy brand in 2008.

“Norton is currently in the liquidation phase and the UK administration plans to sell the brand, its assets and its product portfolio to raise funds. The company has to pay its sellers, employees and creditors and also pay taxes. So there are a lot of liabilities on Norton right now, ”said one of the two people named above.

Consultants handling Norton’s case are in talks with several potential buyers, including TVS Motor, he said.

“Maybe now is a good time to negotiate hard,” the person said.

Norton liquidation consultancy BDO Global posted a notice on the company’s Twitter account on January 30.

“Administrators take all measures to ensure that customers, staff and suppliers are taken care of and wish to minimize the distress of everyone involved,” said BDO Global.

In response to mint», Said TVS Motor:« The TVS group does not comment on any speculation in the market. “

An emailed query to Garner went unanswered until press time.

TVS Motor’s interest in Norton’s assets indicates that it aims to expand its portfolio of mid-size motorcycles in India and other developing markets, the second person quoted earlier said.

Mid-size motorcycles, powered by 250cc-800cc engines, generally offer lighter handling and better fuel efficiency than liter class models.

The midsize motorcycle segment in India is dominated by Royal Enfield, with 350-650cc models on sale. Royal Enfield’s market share in this category was 96% in fiscal 2019, according to industry data.

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How does iconic motorcycle brand Royal Enfield conceptualize their fashion portfolio?

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Royal Enfield, an iconic motorcycle brand. After making classics for avid bikers, Royal Enfield, India’s most beloved motorcycle brand, has taken it a step further by offering a wide range of clothing and accessories specially designed for riding that can also be worn on the go. leisure. The range of clothing is meticulously designed for people who consider driving a pleasure more than just a hobby. In an exclusive conversation with Puneet Sood Head, Apparel Business, Royal Enfield, he shares more badges from this case.

What is your assessment of the horse riding equipment market in India? In your opinion, what are the growth factors of this segment??

As today’s rider is more aware of the need for safety and always keen to express himself through the clothing he wears, our offerings focused on safety, comfort and style have been very successful. While there are options of driving equipment on the market, in my opinion the Indian market is still underserved in terms of credible offerings for value for money. Additionally, a lot of horse riding equipment available in India is not customized for Indian terrain or weather. We intend to bring a relevant offer for motorcycle enthusiasts, with an emphasis on safety, comfort and style, which in turn should propel the growth of the category. According to Techsci Research, the horse riding equipment market is expected to grow at a CAGR of over 12% to exceed $ 43.6 million by 2023 and thus offers immense opportunity for growth.

How would you summarize Royal Enfield’s journey in India so far? What kind of growth has the brand seen in the apparel segment?

The trip was absolutely thrilling! Our motorcycles have been a symbol of freedom, adventure and exploration. For us, motorcycles are not just about motorcycles, but the motorcyclist’s way of life. Our ambition as a company is to be the path of the biker in his quest for exploration and to help him express his love for the motorcycling lifestyle. We aim to further strengthen the pure motorcycle brand message, increase accessibility for consumers and help them explore and express themselves better. We have come a long way in spreading and engaging with our riders on our pure motorcycle philosophy and will continue to build relevance around the motorcycle lifestyle. In terms of revenue, we have exceeded our expectations and continue to grow much faster than the industry growth rate.

What is the price and the TG of the clothes for Royal Enfield. How many categories do you have in this segment? In the future, what are the plans for expanding the category?

Providing a relevant and accessible range of motorcycle clothing and riding gear with an emphasis on safety, comfort and style is one of Royal Enfield Apparel’s priorities. The idea behind the development of the portfolio is to offer a relevant range for our cyclists whatever the terrain, weather conditions and destination. We are fortunate to have the love of a great riding community that constantly engages with us and gives us feedback, helping us to strengthen the relevance of the range we offer. Our offer consists of lifestyle clothing and protective equipment. In the recent past, we launched the Street Windcity Riding Jacket with CE approved armor which we believe is one of the most competitive offerings on the market to date (priced at Rs 4,500). This is a fully mesh jacket specially designed for Indian weather. Royal Enfield’s most technical and versatile jacket, Khardungla (priced at Rs. 14,000) is an all-weather jacket with three-layer construction and is intended for long-distance riding. We have also built the suitability of the motorcycle into the lifestyle range that we offer. Our lifestyle riding shoes are equipped with ankle and toe protection. Likewise, our lifestyle jackets are designed to accommodate armor in case the rider chooses. The reflective element has remained a priority throughout the entire lifestyle range we offer, which helps to improve the rider’s visibility on the road and thus helps them stay safer.

What type of distribution is planned for the clothing segment? In the future, what are the plans to increase distribution?

To ensure that our range of riding clothing and equipment is easily accessible to all bikers and motorcycle enthusiasts, we have taken a multi-channel approach and are available online as well as in retail stores across the country. Our biggest physical footprint is the availability of our range at all Royal Enfield dealers. To add to this, we are also available in some locations with our business partners – Central. Our consumer can choose to buy our range online through our own online channel – store.royalenfield.com or our partners like Amazon, Flipkart and Myntra.

Who do you see as your competitor in the same space?

We started the business with the intention of improving the motorcycle experience for our riders and further promoting our pure motorcycle philosophy. We have developed a niche for ourselves and are happy with the current situation. I am sure we are moving in the right direction.

Finally, thank you for highlighting your growth plans?

We have exceeded the targets we set for ourselves and the outlook for the company remains extremely positive for the future. However, we would like to measure ourselves not only in terms of the revenue we are able to generate, but also the relevance we are able to create for motorcycle enthusiasts. Our constant effort is to offer a complete and accessible range of clothing and riding equipment for cyclists with an emphasis on safety, comfort and style. This allows us to act as a catalyst in a biker pursuit for the motorcycle lifestyle.

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Cagiva will be reborn as an electric motorcycle brand by 2021

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Cagiva, owned by MV Agusta, is set to make a comeback with small and affordable electric motorcycles by 2021.

Cagiva started making gasoline motorcycles in 1978. Famous for her achievements in motorsport and of course, the Mito sportswoman has many fans all over the world. However, the company has gone through various ownership and restructuring, and the last motorcycle was launched in 2012 under the ownership of MV Agusta.

The electric Cagiva

Sources say MV Agusta is bringing Cagiva back to build electric motorcycles. Therefore, this plan aims to increase its sales target from around 3,000 units to 25,000 units.

Thanks to this plan, Cagiva will be reborn as an “electric urban mobility” brand by 2021. The new Cagiva will manufacture electric motorcycles for city driving. While the plan also includes pushing MV Agusta to enter the electric motorcycle market according to CEO Timur Sardarov.

As quoted by Riders Drivemag, “Cagiva production will resume next year, no later than early 2021, and will be dedicated to electric urban mobility,” Sardarov told Motociclismo.

“But we won’t make scooters, they will be motorcycles. Easy to drive and below 4kW, because at the moment no one who produces above this threshold can generate profits. In 6 or 7 years, it will probably be possible to achieve the benefit with vehicles equivalent to 350cc, ”added Sardarov.

In terms of product design and specification, we can’t wait to see what MV Agusta has to offer. With their recent announcements on their latest product line and their partnership with Chinese automaker Loncin. MV Agusta will undoubtedly embark on its game in the years to come.

cagiva mito 2020

VOGE ER10

Previously, under Loncin’s premium line, VOGE, Loncin unveiled the VOGE ER 10 at EICMA 2019 in Milan. The ER10 is an electric motorbike that can be used on the motorway for use in the city. Could the new Cagiva look like the ER10? We will wait to see what MV Agusta deploys in the years to come!

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Cagiva is reborn as an electric motorcycle brand with affordable small bikes

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The famous Italian motorcycle brand Cagiva looks set to make a comeback with a new range of motorcycles. Except unlike its classic gasoline models, Cagiva is reborn as an electric motorcycle company.

Founded in 1978, Cagiva originally focused on gasoline off-road motorcycles.

The brand has expanded its offering over time and the company has undergone various restructurings and changes in ownership.

The last Cagiva motorcycles rolled off the chain in 2012 when the company was owned by parent company MV Agusta.

MV Agusta had gone through his own series of financial hurdles, but now appears to be back on solid footing. With sales taking off, MV Agusta is now looking towards an electric future. And he plans to revamp the Cagiva brand to make it happen.

As MV Agusta first announced its aspirations to breathe new (and electric) life into Cagiva in 2018 with an accelerated schedule, the company has updated its plans and says the time is right. Over the next 12 months, Cagiva plans to launch its first electric motorcycle.

But don’t expect to see a fat electric sports bike like MV Agusta’s Italian cousin Energica. Instead, Cagiva is focusing on small electric motorcycles in the 4 kW (5.3 hp) range. I have long been a supporter of these electric motorcycles which bridge the gap between e-bikes and e-sports bikes.

Cagiva is expected to produce light electric motorcycles, perhaps similar to this Sur Ron Light Bee

So far, no one has seen an electric Cagiva model and there are no images or renderings yet to show what Cagiva is working on. But according to Canada Motor Guide, Cagiva’s parent company MV Agusta has teamed up with Chinese motorcycle company Loncin to build a new 350cc gasoline motorcycle.

While that might not mean much to electric motorcycle fans like us, consider this: Loncin recently showcased an impressive electric motorcycle produced under its premium subsidiary VOGE. The ER 10 electric motorcycle, with which we got closer at EICMA 2019 in Milan, perfectly matches what Cagiva is looking for: a light and low-power electric motorcycle in the equivalent range of 150 to 250 cm3.

At a top speed of 100 km / h (62 mph), the VOGE ER 10 sits somewhere between highway-compatible electric motorcycles like the entire Zero lineup and smaller electric motorcycles designed just for city commuting.

The VOGE ER 10’s liquid-cooled, 6 kW (8 hp) mid-drive, swingarm mounted motor of the VOGE ER 10 actually peaks at a higher power output and should be sufficient for sporty acceleration, especially on a bike that doesn’t. weighs only 115 kg (250 lbs).

 voge er 10 electric motorcycle

The VOGE ER 10 electric motorcycle, from a Loncin subsidiary

And as if this story didn’t have enough layers already, we can take this a step further. The VOGE ER 10 is actually based on the Sur Ron White Ghost, an electric motorcycle design created by Sur Ron in 2018, but never released to the market. As the story goes, Loncin bought the rights to the White Ghost and used it to produce his first electric motorcycle under the VOGE brand.

All this to say that an electric motorcycle designed by a Chinese startup that could be produced by a premium Chinese subsidiary of a larger Chinese motorcycle company could serve as the basis for the first electric motorcycle produced by an Italian motorcycle brand revamped under the leadership of a larger Italian motorcycle manufacturer who hopes to compete with a next wave of small Asian electric motorcycles. * Stop for the air *

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India Bike Week 2019 Goa: Bajaj launches premium Swedish motorcycle brand Husqvarna in India

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The board of directors also revised the “fit and proper” criteria and detailed a framework for social grants.

SEBI Board of Directors Approves Gold Exchange Framework, Revises Standards for TOR, Higher Voting Rights, De-listing and Mergers and Acquisitions - Key Points to Remember


  • SEBI दिया सोशल स्टॉक के लिए, गोल्ड एक्सचेंज के लिए फ्रेमवर्क तैयार

  • Exclusive- भारत पेट्रोलियम का निजीकरण और LIC IPO इस वित्त वर्ष की चौथी तिमाही तक: चीफ इकोनॉमिक एडवाइजर

  • S&P BSE Power इंडेक्स ने छुआ 3 साल का हाई, BHEL और Power Grid 5% भागे

  • सरकार से पहले इस IT कंपनी ने किया 4 दिन वर्किंग, कर्मचारियों की बढ़ी प्रोडक्टिविटी

  • ट्रेडिंग के लिए SEBI वीडियोकॉन के वेणुगोपाल धूत, अन्यों पर लगाया 75 लाख रुपये का जुर्माना

  • वसूली के चलते लाल निशान में बंद हुआ बाजार, जानिए कल कैसी रह सकती है इसकी चाल

  • Punjab Congress Crisis: सिंह सिद्धू का पंजाब अध्यक्ष पद से इस्तीफा, कैप्टन बोले- कहा था वो सही आदमी नहीं है

  • Adani Gas सुप्रीम कोर्ट से बड़ा झटका, अहमदाबाद में गैस सप्लाई से जुड़ी याचिका खारिज

  • हिंदी फिल्मों का बिजनेस महाराष्ट्र के ऊपर बहुत ज्यादा निर्भर- Nitin Sood, CFO-PVR

  • Punjab Sidhu resigns: मंत्री रजिया सुल्ताना सहित तीन नेताओं का इस्तीफा, सिद्धू के साथ दिखाई एकजुटता

  • सूर्योदय स्मॉल फाइनेंस बैंक 1 अक्टूबर से बंद कर देगा अपनी ATM बैंकिंग सर्विस

  • Odisha: Covid-19 से मरने वालों के परिवार को मिलेगी 50,000 रुपए की आर्थिक मदद, राज्य सरकार की घोषणा

  • Maharashtra: पुलिस के के बाद, वाहन मालिकों ने भरे 22,77 रुपए के पेंडिंग चालान

  • 5 10, हैं?

  • शेड्यूल इंटरनेशनल पैसेंजर फ्लाइट पर प्रतिबंध के अंत तक, जानें डिटेल्स



name Price Switch % variation
Ntpc 131.95 5.10 4.02
Sbi 444.90 -1.70 -0.38
Indiabulls Hsg 226.40 -6.60 -2.83
Nhpc 28.30 0.55 1.98

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Which of these young people will score the most points in this ipl?

Which of these young people will score the most points in this ipl?

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Snapshot of the IPO

Equity Type Issue price Size of the problem Lot size Open problem Problem Close
Aditya Birla Su View profile Initial Public Offering 695 2702.16 – 2768. 20 29-09 01-10
View profile SME IPO 69 5.18 2000 27-09 30-09
Jainam Ferro View profile SME IPO 70 19.61 2000 28-09 30-09
Shri Venkatesh View profile SME IPO 40 11.71 3000 29-09 01-10
Equity Issue price Registration date Open announcement Announcement Close % quotation gains CMP Current earnings%
SBL Infratech 111 28-09 130.00 125.00 12.61 125.00 12.61
Markolins 78 27-09 62.20 65.30 -16.28 68.55 -12.12
Prévest Denpro 84 27-09 180.55 0 199.00 136.90
Sansera Eng 744 24-09 845.05 818.70 10.04 816.15 9.70
Scheme Fund Category Info Purchase order Opening date Closing date
No NFO details available.
Equity Type Issue price Size of the problem Lot size Subscription Open problem Problem Close

Sansera Eng See profile

Initial Public Offering 734 1265.73 – 1282. 0 11.47 14-09 16-09

Markolines See profile

SME IPO 78 40 0 15-09 20-09

Prevest Denpro View profile

SME IPO 82 25.98 – 26.61 0 15-09 17-09

SBL Infratech See profile

SME IPO 111 2.37 0 16-09 20-09

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Jain of Balwant
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September 30 – 2:00 p.m.

Benefitsu00a0for senior citizens under tax laws.



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Tax and investment expert

September 30 – 2:00 p.m.

Benefitsu00a0for senior citizens under tax laws.

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Society Report VF Ex-Rights
Details of rights not present at the moment.


Company Name Last prize Switch Market capitalization Net sales Net profit Assets






country = India page generated = 2021-09-29 01:16:11

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Bikes from ‘On Any Sunday’ director Vincents ready for Bonhams motorbike sale

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Ten vincent HRD motorcycles, including several “barn finds” salvaged from a Midwest warehouse, will be among the motorcycles on offer Oct. 5 at Bonhams’ auction at the Barber Motorsports Museum in Birmingham, Alabama.

The sale, held during the Birmingham Vintage Festival, will also include a pair of motorcycle celebrity dirt bikes, once owned and raced by Bruce Brown, director of the iconic motorcycle documentary. Any Sunday.

Brown’s bikes are a 1967 Triumph Tiger Cub and a 1970 Husqvarna 250 Cross.

The 1967 Triumph Tiger Cub has a historic pedigree

“The Triumph was Brown’s first real motorcycle (he traded in his Honda scooter to help with the purchase) and it opened the door to a friendship with Steve McQueen, which led to the creation of Any Sunday, ” Bonhams said in a press release. “You could say that this motorcycle was the catalyst for the production of the greatest motorcycle documentary ever made.

“Furthermore, it is in its original, unrestored condition.with matching numbers and low mileage.

The Husqvarna has a direct connection to the film, notes Bonhams.

“The Husky was donated to Brown by Edison Dye, Husqvarna’s then-exclusive U.S. importer,” the statement read. “In a now famous move of brilliant product placement, Dye donated several 250 Cross models for the film.”

motorbike
A freshly stored Vincent Black Shadow from 1952

The famous British brand Vincents include four C and D production Black Shadows, an Egli Vincent built to Lightning specs, and two Comets. Project bikes salvaged from long warehouse storage include a Black Prince, Black Shadow and Rapide, along with many of the original Vincent parts.

For more information on the sale of Bonhams motorcycles, visit the auction site.

Bikes from ‘On Any Sunday’ director Vincents gear up for Bonhams motorcycle sale

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Ten Vincent HRD motorcycles, including several “barn finds” rescued from a warehouse in the Midwest, will be among the motorcycles offered on October 5 at the Bonhams auction at the Barber Motorsports Museum in Birmingham, Alabama.

The sale, held during the Birmingham Vintage Festival, will also include a pair of dirt bikes with the ownership of famous motorcycles, once owned and ridden by Bruce Brown, director of the iconic motorcycle documentary. Any Sunday.

Brown’s motorcycles are a 1967 Triumph Tiger Cub and a 1970 Husqvarna 250 Cross.

The 1967 Triumph Tiger Cub has a historic pedigree

“The Triumph was Brown’s first real motorcycle (he traded in his Honda scooter to help with the purchase) and it opened the door to a friendship with Steve McQueen, which led to the creation of Any Sunday, ” Bonhams said in a press release. “You could say that this bike was the catalyst for the production of the greatest motorcycle documentary ever made.

“In addition, it is in its original, unrestored condition, with matching numbers and low mileage.

The Husqvarna has a direct connection to the film, notes Bonhams.

“The Husky was gifted to Brown by Edison Dye, the exclusive US importer of Husqvarna at the time,” the statement said. “In a now famous move of brilliant product placement, Dye donated several 250 Cross models for the film.”

motorbike
A 1952 Vincent Black Shadow fresh out of storage

The famous British brand’s Vincents include four Black Shadows from production C and D, an Egli Vincent built to Lightning specs and two Comets. Project bikes salvaged from long warehouse storage include a Black Prince, Black Shadow and Rapide, as well as many original Vincent parts.

For more information on the Bonhams Motorcycle Sale, visit the auction website.

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The sale of motorcycles becomes violent; Severely injured thief attempt


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LAKE RONKONKOMA, NY – Three people were taken to hospital after a motorcycle sale in a Long Island parking lot turned violent Friday afternoon.

After listing a motorcycle online, the sellers, a father and a son, agreed to meet with a buyer in the parking lot at Lake Shore Plaza at the corner of Portion and Cenacle Roads in Lake Ronkonkoma to close the sale around 3:30 p.m. ., Suffolk Police said.

The buyer did not pay, but instead assaulted the father and attempted to leave with the motorcycle, police said. The son then hit the buyer with something.

Find out what’s happening in Sachem with free real-time Patch updates.

All three were transported to Stony Brook University Hospital. The father and son were treated and released. The buyer is in critical condition. The police did not release any other information.

The investigation is continuing.

Find out what’s happening in Sachem with free real-time Patch updates.

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