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Advantages and disadvantages of debt consolidation – Forbes Advisor

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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


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.


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)


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.


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.



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!




3 reasons to fear the massive US $ 70 trillion debt

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new York
CNN Affairs

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.


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


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.

_____________________________________________


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.


Good debt, bad debt: making a difference

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Good debt, bad debt: making a difference

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.


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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Disclaimer

The opinions expressed above are those of the author.



END OF ARTICLE




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)


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%.


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.


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.


Famous British Motorcycle Brand Unveils Brough Superior Lawrence


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



develop See the pictures

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.



Motron Motorcycles – A new motorcycle brand from Austria


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


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.


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


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.


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.


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.

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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.


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).


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.


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.


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.


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.


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)


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

v2p4k1j8

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.

trdun34g

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.

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



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.


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.


Soriano Motori is reborn as a brand of high-performance electric motorcycles


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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What is debt consolidation and should I consolidate?

Debt consolidation consolidates multiple debts, usually high-interest debts such as credit card bills, into one payment. Debt consolidation might be a good idea for you if you can get a lower interest rate. This will help you reduce your total debt and reorganize it so you can pay it off faster.

If you’re dealing with a manageable amount of debt and just want to rearrange multiple bills with different interest rates, payments, and due dates, debt consolidation is a solid approach that you can tackle on your own.

How to consolidate your debt

There are two main ways to consolidate your debt, both of which concentrate your debt repayments on one monthly bill.

  • Obtain a 0% interest, credit card with balance transfer: Transfer all your debts to this card and pay the balance in full during the promotional period. You will likely need good or excellent credit (690 or higher) to qualify.

  • Benefit from a fixed rate debt consolidation loan: Use the loan money to pay off your debt, then repay the loan in installments over a set period. You may qualify for a loan if you have bad or fair credit (689 or less), but borrowers with higher scores will likely qualify for the lower rates.

Two additional ways to consolidate your debts are to subscribe to a home equity loan or 401(k) loan. However, both of these options come with risks — for your home or your retirement. In any case, the best option for you depends on your credit rating and profile, as well as your debt to income ratio.

debt consolidation calculator

Use the calculator below to see whether or not it makes sense for you to consolidate.

When debt consolidation is a smart decision

A successful consolidation strategy requires the following:

  • Your monthly debt payments (including your rent or mortgage) do not exceed 50% of your gross monthly income.

  • Your credit is good enough to qualify for a 0% credit card or a low interest debt consolidation loan.

  • Your cash flow routinely covers your debt repayments.

  • If you choose a consolidation loan, you can repay it in 5 years.

Here’s a scenario where consolidation makes sense: Suppose you have four credit cards with interest rates ranging from 18.99% to 24.99%. You always make your payments on time, so your credit is good. You may qualify for an unsecured debt consolidation loan at 7%, a significantly lower interest rate.

For many people, consolidation reveals a light at the end of the tunnel. If you take out a loan with a three-year term, you know it will be paid off in three years, assuming you make your payments on time and manage your expenses. Conversely, making minimum payments on credit cards can mean months or years before they are paid off, while accumulating more interest than the original principal.

Is it a good idea to consolidate credit cards?

Consolidate your debt if you can get a loan on better terms and/or it will help you make your payments on time. Just make sure that this consolidation is part of a larger deleveraging plan and that you’re not accumulating new balances on the cards you’ve consolidated. Learn more how to tackle credit card debt.

How does a debt consolidation loan work?

A personal loan allows you to repay your creditors yourself, or you can use a lender who sends money directly to your creditors. Discover the steps necessary to get a personal loan.

Are Debt Consolidation Loans Harming Your Credit?

Debt consolidation can improve your credit if you make payments on time or if the consolidation reduces your credit card balances. Your credit can be affected if you increase your credit card balances again, close most or all of your remaining cards, or miss a payment on your debt consolidation loan. Learn more about how debt consolidation affects your credit score.

When Debt Consolidation Isn’t Worth It

Consolidation is not a magic bullet for debt problems. It doesn’t address the overspending habits that create the debt in the first place. This is also not the solution if you are burdened with debt and have no hope of repaying it even with reduced payments.

If your debt is low — you can pay it off in six months to a year at your current rate — and you’d only save a negligible amount by consolidating, don’t bother.

If your total debt is more than half of your income and the above calculator reveals that debt consolidation is not your best option, you better ask for debt relief than treading water.

It’s time to crush the debts

Sign up to link and track everything from cards to mortgages in one place.

Upper Manhattan motorcycle sale ends in armed robbery


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.



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.


TVS in talks to buy British motorcycle brand Norton


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.


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!


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?

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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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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
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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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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.


The sale of motorcycles becomes violent; Severely injured thief attempt


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.

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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.

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Records fall at Bonhams Spring Motorcycle Sale in England

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The 1962 Triumph TR6SS won the 1962 Six Day International Testing race by Bud Ekins – who was also Steve McQueen’s stunt / double in the film The great Escape – sold for a world record price at auction at Bonhams Spring Stafford Sale last weekend in England.

The bike sold for £ 97,750, more than three times its estimated value before the auction, Bonhams noted in his post-auction press release.

Bonhams said the motorcycle was the subject of intense bidding and was sold to an American bidder.

Coventry Eagle Flying-8 tops auction for record $ 281,742

Also set a record auction price for sale, a 1925 Coventry Eagle 981cc Flying-8, which was sold to a bidder in the auction house for £ 218,500 after a three-way bidding battle.

Another record was set at the auction when a 1935 Vincent-HRD 498cc A-series comet fetched £ 97,750.

Overall, the auction had a 92% sale rate and total sales of £ 3,892,397 ($ 5,027 million), a record for the Bonhams motorcycle department.

“What an incredible weekend” enthused James Stensel, responsible for the Bonhams collection motorcycles effort. “We are thrilled with the results of this sale, not only breaking our own auction record, but also hitting three global auction records for individual makes and models. “

The sale was also the biggest for Bonhams with over 400 motorcycles on the agenda.

Moto, records fall on Bonhams bike sale, ClassicCars.com Journal
1926 Brough Superior also hits the $ 250,000 plateau

Top 10 sales, Bonhams Spring Stafford Sale 2019

  1. 1925 Coventry-Eagle 981cc Flying-8, £ 218,500 ($ 281,742)
  2. 1926 Brough Superior 986cc SS100, Alpine Grand Sports, £ 207,000 ($ 266,913)
  3. 1924 Brough Superior 980cc SS80, £ 126,500 ($ 163,113)
  4. 1962 Triumph 649cc TR6SS Trophy, £ 97,750 ($ 126,042)
  5. 1935 Vincent-HRD 498cc Series-A Comet, £ 97,700 ($ 126,042)
  6. 1934 Brough Superior 1096cc 11-50hp combination, £ 71,300 ($ 91,936)
  7. 1951 Vincent 998cc Series-C Black Shadow, £ 64,400 ($ 83,039)
  8. “Project” Parkin-Vincent 998cc Black Shadow racer, £ 62,100 ($ 80,074)
  9. 1951 Vincent 998cc Series-C Black Shadow, £ 62,100 ($ 80,074)
  10. 1968 MV Agusta 861cc ‘Magni’, £ 60,950 ($ 78,591)

(Prices include buyer’s charges.)

The auction took place during the 39th Carole Nash International Classic MotorCycle Show.


Bikes, parts, service, equipment and more


Presented by Confederate Motorcycles

After the rebranding from Confederate Motors Inc. to Curtiss Motorcycle Company, Inc., in June 2018, Curtiss sold the intellectual property rights to the Confederate brands and designs to Ernest Lee. Ernest Lee immediately announced his intention to continue selling the Confederate P-51 Combat Fighter and the FA-13 Combat Bomber through his new company Confederate Motorcycles LLC. Ernest Lee also owns and has personally flown his Confederate P-51 Combat Fighter # 31 over 25,000 miles.

New Confederate.com The website now features new and used Confederate motorcycles, services, parts, clothing and equipment.

NEW MOTORCYCLES

Confederate currently manufactures and distributes the G3 P-51 Combat Fighter and the FA-13 Combat Bomber. Each of these motorcycles is a heritage work of art that lives and breathes Confederate ideology.

P-51 COMBAT HUNTER

The P-51 Combat Fighter is available with the 132 cubic inch S&S X-Wedge engine; a choice of two different handlebars; rear, middle or front foot positions; single or double air filters; several anodized Color options; and a solo configuration or more a seat.

FA-13 COMBAT BOMBER

The FA-13 combat bomber is available with the 132 cubic inch S&S X-Wedge engine; a choice of two different handlebars; positions of the feet in the middle or forward; and dual stack air filters.

EXCHANGE PROGRAM

When it’s time to upgrade, Confederate owners get what they paid for their Confederate Motorcycle for a new Confederate Motorcycle of equal or greater value.

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The Confederate Refurbishment Program is available not only for the motorcycles that the motorcycle company buys, markets and sells, but also for any Confederate owner wishing to update or redefine their own Confederate heritage beauty.

Factory refurbished used machines offered for sale come with a one-year parts warranty. Many of these motorcycles have less than 500 miles on them and are just looking for a new home after being certified by our technicians.

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Confederate offers pickup and delivery service in the United States and maintains relationships with service providers in the United States and abroad to continue to provide the level of service Confederate customers have come to expect.

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Equipment that reflects Confederate’s aesthetic will soon be available on the Confederate.com website. Contact the Confederate at 844-448-7132.

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Never compromise on passion, intensity, time or money. Specify only the best materials, components, and methodologies. Create an American-style industrial and mechanical design culture. Perfect balance between technology and the primitive. Celebrate American craftsmanship. Promote heritage quality. Decrease the volume.


Micromax’s Rahul Sharma launches brand of AI-enabled motorcycles


Rahul Sharma invested between INR 400 Cr – INR 500 Cr in this new company

The proposed IA motorcycle will have a range of 156.8 km and a top speed of 85 km / h

The company will set up its own charging infrastructure

Rahul Sharma, co-founder of Indian phone maker Micromax, has made a foray into the electric vehicle space. The Micromax veteran has started a new business called Revolt Intellicorp Pvt. Ltd, with plans to launch an artificial intelligence (AI) -based motorcycle.

Speaking about the new business, Sharma, who started the business with a personal investment of around 400-500 Cr INR, said: “My vision is to see every household in India have access to sustainable mobility.

Based in Gurugram, Revolt Intellicorp strives to make personal mobility convenient, affordable and sustainable. The proposed IA motorcycle will have a range of 156.8 km and a top speed of 85 km / h. The motorcycle’s commercial launch is scheduled for June this year.

“We work on the principle of making intelligent vehicles that do not compromise on the form factor and performance of ICE vehicles. To this we have added our technological prowess and our ambition is to replace them completely, ”added Sharma.

Revolt: providing a charging infrastructure

The company has a 100,000 square foot manufacturing facility in Manesar, Haryana. The facility has a production capacity of 120,000 vehicles which have been commissioned for phase 1.

Addressing the selected gathering at the company’s launch, Sharma said the company has focused on a few major aspects, including design language, performance, long-distance reach, and more. One of the coolest things here is that Revolt would build its own charging infrastructure as it starts rolling out its products.

Revolt also plans to have a disruptive go-to-market strategy where it will follow an offline as well as online model. They are also very focused on creating experience stores across cities so that customers can experience the touch and feel of the product.

The first phase of deployment will start from Delhi-NCR. The product now works on 4G LTE service and will require very minimum service, according to Sharma. With a team of automotive industry veterans, Sharma is aiming for double-digit market share in the automotive industry and simply not in the electric vehicle segment. Sharma also shared that the company has a host of products lined up for a launch in order to disrupt the segment.

Market potential for electric two-wheelers

India is the second largest motorcycle market in the world, with sales dominated by grassroots commuters. Over 20 million two-wheelers were sold to domestic customers in 2017-2018, making it the best-selling vehicle category in India. Rahul Sharma said he expects the electric vehicle market to change over the next three years.

This makes two-wheelers the most harmful to the environment, and as a result, there is huge leeway to make the segment cleaner and more sustainable, the company said in a press release.

Another automaker, Tork Motors has developed a customizable connected cloud electric motorcycle T6X, which should be launched soon. Tork’s motorcycle has a range of 100 km and will effectively cost INR 28 for a full charge at current electricity rates.

Recently, in March, the Indian government also launched the second phase of Faster Adoption and Manufacturing of Hybrid & Electric Vehicles (FAME), which provides subsidies for electric two-wheelers and public transport. The government has also broadened the list of concessions for electric vehicle manufacturers by reducing import duties on essential parts such as batteries and powertrains.

[The story was co-written by Bhumika Khatri and Yatti Soni.]


V-Twins headline Bonhams’ spring motorcycle sales in England

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Brough Superior, Zenith and Coventry-Eagle V-Twin motorcycles headline the annual Bonhams Spring Sale to Stafford, scheduled for April 27-28 at the International Classic MotorCycle Show in Stafford, England.

Bonhams said he will cycle more than 600 motorcycles through the auction block during the sale.

“Without doubt the ultimate Brough Superior of the Vintage era is the 1926 Brough Superior 986cc SS100 Alpine Grand Sports, ”Bonhams said in his ad. Synonymous with performance, engineering and quality workmanship, it was the superbike of its time and the rest over 90 years later.

“It has had several longtime owners, including a family who have used it for vacations for over 30 years, covering an impressive 100,000 miles up and down Britain. In 1986, it was acquired by its current owner and restored with the help of several recognized specialists across Europe.

“A true ‘driving machine’, it includes several modifications to improve reliability and practicality, in particular an anti-theft switch and an electric generator (hidden behind the gearbox). A remarkable and incredibly well-documented example of one of the most legendary Brough Superiors. “

Bonhams expects the bike to sell for between £ 140,000 and £ 180,000 ($ 185,750 to $ 238,820).

1925 Coventry-Eagle 981cc Flying 8 is another V-Twin on the auction register

Also on the record is a 1924 Brough Superior 980cc SS80 delivered new in Germany but a year later was imported to England and upgraded with an SS100 gearbox, a 1922 Chater Lea 885cc 8hp and the ex-Kaye Done 1914 Zenith-JAP “Gradua” Twin.

The Brough Superior 1933 1,096cc 11-50hp with Cruiser sidecar which has been featured in television shows is also offered. Daddy’s army and in George and Mildred. But prior to these roles, the motorcycle was a factory entry for the International Six Day Trial in 1934 and won a gold medal. One of the 308 copies produced, it has been part of the same collection for over 50 years.

Motorcycle Auction, V-Twins Headline Bonhams Spring Motorcycle Sale, ClassicCars.com Journal
1933 Brough Superior 1096cc 11-50hp with Cruiser Sidecar

For more information visit Bonhams Spring Stafford auction site.


Florida Keys man staged bogus motorcycle sale, cops say

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Montie Mont

In August 2017, Montie Mount of Key Largo arguably pleaded three counts of theft for, among other scams, organizing a bogus sale of motorcycles where he took $ 1,200 from a man but did not have the intention to deliver the bike.

A judge sentenced Montie Mount, 66, to two years of house arrest followed by five years of probation in September of that year, but it appears he has not learned the lesson.

Monroe County Sheriff’s Office detectives said he agreed to sell a man a trailer and two motorcycles in February for $ 2,000. Much like the previous case, he told the man the bikes and trailer would be delivered from Colorado, Detective Edward Askins wrote in his March 21 arrest report.

Detectives interviewed Mount earlier this week, and he agreed to speak to them without a lawyer, Askins wrote.

“Mount admitted that the sale was fictitious and that he made it all up,” Askins said. “There were never any items to sell. Mount had intentionally planned to defraud the victim from the start.

Mount told the victim that the man who was supposed to deliver the trailer and the motorcycles died en route to the Keys, according to the report.

Cops arrested Mount on a charge of theft from a person 65 or older. He is being held in the county jail on $ 5,000 bond.


Motorcycle pioneer Erik Buell launches new brand of electric motorcycles “Fuell”


Famous motorcycle designer Erik Buell today unveiled his new brand of electric motorcycles. In addition to a new futuristic-looking electric motorcycle design, the company has also released a technology-infused electric bicycle.

Erik Buell is known in the industry as a pioneer in motorcycle racing technology. A former Harley-Davidson engineer, he founded Buell Motorcycles, which was eventually purchased by Harley-Davidson.

Now the prolific designer has unveiled his latest company, the electric mobility brand Fuell.

But Buell doesn’t come in alone.

He teamed up with legendary engineer Frédéric Vasseur, director of the Alfa Romeo Formula 1 team and founder of Spark Racing Technology (which builds Formula E racers).

With Vasseur’s experience in electric vehicles and Buell’s mastery of motorcycle design, the team represents a powerful mix of skills needed by any new electric mobility startup.

Together, they unveiled two new electric rides, the Flow electric motorcycle and the Fluid electric bicycle.

Fuell Flow electric motorcycle

The Fuell Flow electric motorcycle will come in two variants: 11 kW (14.8 hp) or 35 kW (47 hp).

Despite the founders’ racing background, the Flow electric motorcycle is primarily designed for urban applications. This has been a common theme in many new electric motorcycle unveilings lately.

A rear hub motor is mounted in a one-sided swingarm with an off-center rear monoshock.

While the hub motor can add unsprung weight that would be less than desirable for high performance racing, its advantage in a commuter is that it frees up cargo space in the bike. The Flow is expected to have 50 liters (1.75 cubic feet) of cargo space. That’s huge in the motorcycle world, where space for a pair of gloves or sunglasses is often considered a luxury.

Charging should also only take 30 minutes on a 20kW public charger.

The Flow appears to have no foot brake, but also has an empty left bar where a rear handbrake would otherwise rest, meaning that a single right brake lever could control the hydraulic disc brake up front and regenerative braking at the rear.

Fuell says Flow is expected to start at $ 10,995.

Fuell Fluid electric bike

The new electric bicycle from Fuell is innovative in itself.

It sports not one but two 500 Wh batteries for 1 kWh of total energy storage on board. Fuell claims that should be enough for 125 mi (201 km), although we assume it’s in ECO mode with pedal assist. Even so, it’s a serious lineup.

The electric bike has a mid-drive motor that uses a belt drive to transfer 100Nm of torque to the rear wheel.

 fuell fluid

The Fuell Fluid will be available in 20 mph (32 km / h) and 28 mph (45 km / h) versions. The bike is expected to start at $ 3,295. That’s high compared to some budget $ 500 e-bikes we’ve tested, but actually quite reasonable considering the high battery capacity, mid-drive motor, and belt drive. The other belt-driven bikes we’ve used cost even more and don’t have nearly the same aesthetic as the Fuell Fluid.

Fuell plans to have a fully functional website by next month where they will start taking orders for the Fluid. The company plans to start deliveries of the Fluid electric bike this year. Don’t expect to see a Fuell Flow electric motorcycle in your garage until at least 2021.

What do you think of Fuell’s new electric two-wheelers? Let us know in the comments below!

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Motorcycle engineer Erik Buell launches new brand of e-bikes and electric motorcycles, Fuell


NEW YORK (BRAIN) – Erik Buell, one of the most well-known names in motorcycle technology, is launching a new brand that will offer an electric bicycle and an electric motorcycle as the first products.

The new company, Fuell, launched on Monday with events in New York and Paris. The company said it will start taking pre-orders for both bikes in April and deliver its Fluid electric bike model later this year. The Flow electric motorcycle will have its first deliveries in early 2021, the company said.

Buell, a former Harley-Davidson engineer, founded Buell Motorcycle Company in 1983. It merged with Harley-Davidson in 1993 and Harley produced Buell brand motorcycles until 2009. Buell also worked with Schwinn in the 1990s to develop full suspension ATVs.

Buell’s partners in Fuell are Frédéric Vasseur, a French motorsport engineer and team manager, and François-Xavier Terny, a French entrepreneur and investor.

The Fuell Fluid electric bike is said to have a range of 125 miles with two removable batteries. It uses a carbon belt drive with an internal gear hub. It will be offered as a pedelec model with a top speed of 20 mph, or as an S-pedelec, with a top speed of 28 mph. Retail price will start at $ 3,295.

Fuell said he will post more details on upcoming products this month and next.


Motorcycle brand Buell relaunches production in Grand Rapids

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GRAND RAPIDS – Executives of an iconic American superbike brand are breathing new life into the company and relaunching production of “boutique” motorcycles in western Michigan.

By establishing low volume production of EBR motorcycles in Grand Rapids, owner Bill Melvin hopes to bring sustainability to the company founded by famed motorcycle rider Erik Buell 35 years ago.

The discontinuation of a high volume business keeps EBR Motorcycles in the market and allows the brand to maintain its “panache” as a specialty limited edition manufacturer, Melvin said.

“This is the only US-built superbike, a 185 horsepower track street bike that you can go right to the track and compete with a Ducati,” he said.

Melvin’s Liquid Asset Partners LLC, a Grand Rapids liquidation, auction and appraisal company acquired the assets of East Troy, Wis. Erik Buell Racing LLC in 2016 for $ 2 million after the company went into receivership.

Former parent company Harley-Davidson Inc. had designed the East Troy plant for high volume production of approximately 10,000 units per year. After operating the business for about a year after the purchase, Melvin realized the business needed to downsize.

“We made a big push in Wisconsin, we tried the old college and went with the full plant and trying to increase production volumes,” said Melvin, who has shut down production and switched in the fall of 2017 to an electronic commerce. Grand Rapids based model to support motorcycle parts orders.

“The high-volume factory is a great proposition,” he said, noting that the company is now taking a page of bespoke supercar makers, most notably Lotus or Koenigsegg, with production of handcrafted motorcycles and in limited series. “What we’ve done now is something more durable and special – and now they’re being built in Grand Rapids, Michigan. ”

As of late 2018, the company has built three EBR 1190 superbikes that sell for around $ 20,000 and are capable of over 185 mph when racing. As word of the new production began to spread, the company had a list of more than 30 people interested in buying a motorcycle, according to Melvin, who expects demand to continue to exceed production. .

“Erik Buell and his designs are highly regarded,” he said. “With the volumes that we do, they will fly away.”

EBR Motorcycles serves a small, high-end niche market in an industry that continues to be dominated by heavy touring motorcycles. Harley-Davidson, which discontinued the Buell Motorcycle lineup in 2009, remains the market leader in the United States, where it accounts for 46% of all motorcycle sales.

In recent years, however, the company’s sales have plummeted as customers shifted from heavy motorcycles to smaller, more affordable models, analysts said. As a result, Harley-Davidson sales fell 10% year-on-year in the first nine months of 2018, the most recent data available.

Meanwhile, sales of motorcycles with engines below 600cc are on the rise, according to a report by the United States International Trade Commission, reflecting the fact that more millennials are coming of age and looking for entry-level models. and baby boomers are aging out of the market. .

KEEP SMALL

For the initial production of three units late last year in Grand Rapids, EBR worked with a team of eight, including two former Wisconsin manufacturers, to build each motorcycle.

“We start directly from the crank. It’s all put together and put together in town, ”said Melvin.

The superbikes all feature a handcrafted 1190cc V-twin engine capable of 10,600 rpm and a top speed rivaling “America’s fastest production vehicles”, according to Melvin.

The company sources worldwide from its traditional suppliers, but uses a custom paint shop in Grand Rapids, which will allow the company to fill orders for specialty paint to meet customer needs, a- he declared.

By moving production to Grand Rapids, Melvin said the company now has better visibility and cost control over the manufacturing process.

“We’re from here, so we have more oversight, a more manageable cost structure,” he said. “We have a great team here who can help support the brand. ”

For 2019, the company plans to continue to introduce various upgrades to the EBR models, which still use Buell’s unique design, such as a fuel tank integrated into the motorcycle’s aluminum frame to help lower the center of gravity. and improve handling.

Melvin expects production at Grand Rapids to increase, albeit at a manageable level for the company.

“I think it’s really cool that we’re doing it in Grand Rapids. I think it’s exciting for Michigan to have a superbike being built in Michigan, ”said Melvin. “It’s an iconic brand and the design is super exotic. You put him on a race track next to the fastest production vehicles built and he’ll beat them. “


Electric motorcycle brand Energica to open its first dealership in New York

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The Italian manufacturer of electric motorcycles and one of our favorite outsiders for Energica is expanding its presence in the United States. He opens his first dealership in New England bringing his brand to Hudson Valley Motorcycles, a dealership in Ossining, New York, which currently sells Ducati, Kawasaki, Suzuki and the electric off-road motorcycle brand Alta Motors. The next closest Energica dealership to New England is in Raleigh, NC, so Hudson Valley Motorcycles will take care of pretty much the entire Northeast region.

According to Energica, New York has the fifth highest number of motorcyclists of any state in the United States, and more than four percent of all motorcycles sold in the United States in 2017 were sold in the Empire State. It is also the second largest market for electric vehicles (the largest obviously being California) having seen massive growth in the popularity of electric vehicles over the past year.

Another big advantage of having Energicas available for sale in New York is the fact that the state has a strong infrastructure of electric vehicles and is growing stronger. It currently has the fourth-highest number of charging stations of any state, and Governor Cuomo has an ambitious plan to add 10,000 to its current number of around 2,400.

As Energica motorcycles can only travel about 100 miles on a full charge, the infrastructure of the charging stations has a big influence on where the brand decides to locate its dealers. “The massive construction of charging stations planned in New York makes this state a rival to California as a market for electric motorcycles,” Stefano Benatti, CEO of Energica, said in a statement.

So if you’re a New England cyclist interested in the impending electric motorcycle revolution, Zero is no longer your only option for an electric bike you can buy locally.


Mahindra Revives Iconic Jawa Motorcycle Brand With Three New Launches

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Today’s roads in India are teeming with modern, fuel-efficient Indian and Japanese motorcycles and scooters. But, years before their assault, Jawa / Yezdi and Royal Enfield ruled the hearts of cycling enthusiasts across the country. Under the management of Eicher Motors, the future Royal Enfield had experienced a strong revival. Today the Jawa brand, which set the tone on and off the racetrack in the 1940s to 1980s, is now resurrected in India by Anand Mahindra.

Mahindra & Mahindra had obtained the license to manufacture and sell Jawa motorcycles in the Indian subcontinent in 2016. Two years later, it is ready to win back the hearts and cult following.

Classic Legends, the M&M subsidiary unveiled three new motorcycles on Thursday under the Jawa brand. Two of them, the Jawa, named after the iconic motorcycle, and the Jawa Forty Two, will go on sale soon, while the bespoke Jawa Perak will launch at a later date.

The Jawa and Jawa Forty Two were priced at Rs 1.64 lakh and Rs 1.55 lakh, respectively, excluding showroom. Reservations for these bikes open November 15 online at jawamotorcycles.com and deliveries will begin early next year.

The Jawa Perak was sold for Rs 1.89 lakh excluding showroom, but it will go on sale at an unspecified later date.

The Jawa motorcycle brand was born in Czechoslovakia. They were first imported to India, but later the Ideal Jawa company started selling motorcycles under license in the country from the 1960s, first under the Jawa brand and later under the Yezdi brand.

Much like the icons of yesteryear, Jawa motorcycles have the authentic Jawa character that balances performance, capacity and quality. They have a retro style, they are simple, robust and classic but sporty, and equipped with modern technology, which includes an all new 293cc liquid-cooled single cylinder engine that meets BS-VI emission standards, a gearbox six-speed and front disc brakes with ABS among others.

The Perak will be powered by a 334cc liquid-cooled single-cylinder engine.

“It is rare to have the opportunity to resuscitate a legend. Jawa is an authentic and iconic brand that represents the desire and desire in all of us for freedom and adventure, ”said Anand Mahindra, President of the Mahindra Group.

The price of Jawa motorcycles will place them heavily in the mid-capacity segment, dominated by Royal Enfield for years. The maker of the iconic Bullet and Thunderbird motorcycles will be Jawa’s biggest competition in India.

Royal Enfield sales accelerated 23% year-on-year to 820,492 units in 2017-18. Between April and October of this year, sales increased 11% to 505,914 units.

Jawa motorcycles have enjoyed a huge number of fans for decades and M&M hopes that the new Jawa will not only rekindle the joy among people who still own the old Jawa and Yezdi motorcycles, but also attract the younger generation of bike enthusiasts. , which have fueled strong demand. for premium motorcycles.

“This seems like the right time to offer the range of motorcycles, as the Indian premium motorcycle market is not only growing, but also changing in the tastes and preferences of consumers. We are very excited to bring these classics to motorcycle enthusiasts, ”said Ashish Joshi, CEO of Classic Legends.

The company is quite aggressive in its plans and has already signed 105 dealerships across the country; 64 of these concessionaires are currently under development and will begin to be operational from December.

The motorcycles will be manufactured at Mahindra’s factory in Pithampur, Madhya Pradesh. Officials are not disclosing details on the capacity, but say it won’t be a problem. In addition, there are no plans to export the bikes at this time.

“For now, we will focus on India. We have enough to cover here. In terms of available capacity, I don’t think that’s a constraint. We have sufficient capacity, ”said Anupam Thareja, founder of Classic Legends.


Why every brand of motorcycle doesn’t need to be revived

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The allure of the bicycles of yesteryear is almost overwhelming. Bikers, I think, are romantic by nature anyway, so the mystique of big names like Norton, Vincent or Matchless is only reinforced by the decades between them and us. We love a good sad story, but the only thing better than a tragic story of disappearance is that of the ultimate resurrection and triumph (forgive the choice of the word). Reviving an old brand of motorcycles has never been so popular, but in an already fractured and confused motorcycle market, it is a perilous endeavor. While some relaunched brands are enjoying a brilliant new life, others are wavering in search of their brains.

The same has been happening in the automotive space for quite some time, of course, sometimes successfully (the Mini Cooper), sometimes not (the Thunderbird), sometimes just inexplicably (the Dodge Dart). Think about all the relaunched muscle car models, most of which are pretty cool and popular. It’s the era of reboot.

Triumph, of course, is the great success story of the motorcycle revival. After being placed in receivership 30 years ago, they are today a major global player in the full range. Indian is back and better than ever under the leadership of Polaris. Meanwhile, others seem to continue to struggle. Here are some common sense thoughts on what separates these groups.

Indian FTR1200

The brand must still have change. Do you remember Excelsior? Horex? Crocker? No? Even if you’ve heard of them, they probably don’t resonate with most people personally. Penton is probably more valuable as a pure brand than these names. If part of what you trade on is the emotional connection to the brand, it should always be heartwarming.

Bikes must be competitive. The market for motorcycles over $ 30,000 is extremely small, and setting up modern machines at a negotiable price requires serious engineering and manufacturing power. It was a challenge for the new Vincent, the new Norton and for the pre-Polaris Indians, and it will be a challenge for anyone just starting out.

Norton Atlas 650 Nomad
Norton Atlas 650 Ranger

The pilot’s experience is essential. Triumph has mainly rebuilt its brand around the Speed ​​Triple, a hot, forward-looking motorcycle that has taken the nude sector forward, not just around the new Bonneville. No matter how much a name may be revered or what mentions of dead celebrities you have, it will only bring the customer to the store; the ride will make the sale.

Give something unique. The quality and variety of bikes available today are unprecedented, and the market is tight, so the consumer is in the driver’s seat. We need more than just a performance roadster or a clone cruiser to be excited enough to step away from the many great options already available.

Husqvarna launches 701 Vitpilen and Svartpilen street bikes

“The glory days, well, they’ll pass you by. Bruce Springsteen knew that nostalgia is a trap. The wine of yesterday is the rotgut liqueur of today. “Boring Stories from the Glory Days”. Our love for the history and heritage of motorcycling must be more than just nostalgia, because those days are also glory days. I would love to see all of these brand revivals succeed, but they can’t do it on legacy alone. They need to expand the market with innovative, reasonably priced bikes that are fun to ride.

Now if I can just find some investors to help me buy DKW…

On:

Carter A. Edman teaches Motorcycles and American Culture at Case Western Reserve University and has taught a variety of creative culture courses. He rides a modified 2008 Triumph Bonneville and restores a 1970 BSA. As the founder of Moto Sapiens, he explores the ever-changing motorcycle culture that is shameless, unpredictable and at times bizarre.

Follow Carter on Twitter: @Moto_Sapiens

This article was originally published in 2013 and has been updated.



Iconic Motorcycle Brand Harley Davidson Launches ‘LiveWire’ Electric Bike – FutureCar.com

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The American motorcycle manufacturer Harley Davidson presented the production version of its electric motorcycle on Tuesday at the EICMA motorcycle show in Milan, Italy.

The new battery-powered bike is called LiveWire and is the first electric bike from the iconic 115-year-old brand based in Milwaukee, Wisconsin. LiveWire has been in development since 2014, and the public finally got to see what the final version might look like.

Few performance specs were revealed, but Harley said there would be no clutch or gearshift required to run the bike. Since the bike will have an electric motor without Harley’s unmistakable sound, the company designed the bike to produce a sound that increases in pitch and volume with speed.

The LiveWire can be charged from a standard household electrical outlet, with a power cord that tucks under the seat, according to Harley.

The company said that all Harley Davidson dealers who sell the motorcycle will offer a public charging station with a quick charge system.

The LiveWire includes a TFT or thin-film liquid crystal color touchscreen above the handlebars. The screen is tilt adjustable for the best viewing angle. The instruments screen also provides access to a navigation system, music and other features.

A small 12-volt lithium-ion battery powers the controls, instrument displays, lights and horn. The bike’s suspension offers seven distinct ride modes, including four factory presets and three that a rider can customize, such as different combinations of throttle response and traction control.

The electric bike will be fast. The LiveWire prototype has shown that it can go from zero to 60 mph in less than four seconds. And, earlier, Harley said he won’t bring an electric motorcycle to market until battery technology improves to allow for longer riding distances.

Harley Davidson turned to the power of social media to promote its first electric bike. In 2014, the first LiveWire prototype garnered hundreds of millions of social media impressions. The company offered ten-minute test rides to the audience and video interviewed to record their first impressions. After having their picture taken by a Harley photographer, the riders were given an access code to upload the picture and post it on Facebook or Twitter.

LiveWire comes as Milwaukee-based Harley-Davidson has announced plans to spend hundreds of millions of dollars to drive growth through new motorcycles over the next four years, including smaller motorcycles built through a alliance with an Asian manufacturer.

The company is looking to recover from declining sales and competition from other motorcycle manufacturers such as Ducati. Harley shares have lost about 45% of their value over the past four years.

In addition to the LiveWire, Harley is introducing new mid-size bikes, including the company’s first adventure touring model capable of off-road use.

Through its new plan, titled More Roads to Harley-Davidson, the company has announced that it expects to spend between $ 675 million and $ 825 million as it is expected to generate more than $ 1 billion in additional annual revenue by 2022.

Harley says he will fund his plans, which are expected to benefit the company for years to come, by cutting costs and reallocating previously planned investments.

Part of the cost savings will come from the closure of the company’s manufacturing facility in Kansas City, Missouri in mid-2019 and the relocation of work to the company’s facility in York, Missouri. Pennsylvania. The company is also opening an assembly plant in Thailand.

Harley Davidson says sales of the LiveWire will begin in 2019, with pre-orders starting in January.


Classic Legends to bring motorcycle brand Jawa back to India next month

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Jawa Motorcycles: Classic Legends To Bring Jawa Motorcycle Brand Back To India Next Month

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NEW DELHI: Classic Legends Pvt Ltd, part of the Mahindra Group, is expected to bring old-fashioned motorcycle brand Jawa back to the Indian market next month, a senior company official said.
The company, in which the Mahindra Group has a 60% stake, plans to unveil three products on November 15 and will play in the 250cc-plus mid-segment of the Indian motorcycle market.
“We’re looking to launch the brand with three products… We’re going to be a mid-segment player with Jawa,” Ashish Joshi, CEO of Classic Legends, told PTI here.
He declined to share details of the products that have been lined up for the introduction, however.
When asked when the Jawa models would hit the market, he replied “very soon” after the unveiling on November 15.
Jawa will enter a segment currently dominated by Royal Enfield. Other global players such as Harley Davidson and Triumph are also aiming to capture a significant part of the segment.
Classic Legends also unveiled a liquid-cooled 293cc single-cylinder engine that will power soon-to-be launched Jawa motorcycles.
The engine was developed from scratch thanks to a collaboration between the group’s R&D center in Pune and the technical center in Varese, Italy.
When developing the engine, Joshi said the brief was to “always build an engine that had Jawa DNA. Classic, but sporty”.
Commenting on the market penetration plans, he said: “At launch itself we will have around 100 dealers across India”.
These will be in subways, Tier II and III cities, Joshi added.
Bullish in the Indian market, he said in recent years, many customers have moved from the mass segment to the middle and upper end of the motorcycle segment, providing plenty of opportunities.
Jawa bikes will be deployed from the Mahindra Group’s Pithampur factory in Madhya Pradesh.
Joshi said Classic Legends will build on Mahindra’s strengths in production, sourcing and R&D for Jawa.
“What Mahindra gives us is very solid support in terms of procurement, expertise in manufacturing and R&D. All of this constitutes a very solid foundation for us,” he added.
When asked if the company plans to export Jawa motorcycles, Joshi said, “The license we have for the Jawa brand is for India and other similar markets such as Sri Lanka. , Bangladesh and the ASEAN countries. However, our main focus will be the Indian market. . ”


Rajiv Bajaj confirms new motorcycle brand for 125cc segment

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It’s a busy day in the news for Bajaj Auto, as the company’s Managing Director, Rajiv Bajaj, has been forthright about its product portfolio. Bajaj has confirmed that a Pulsar 125cc is not in the works. He also revealed that the new Pulsar range and the Avenger series will be unveiled in 2020, when the new emission standards are expected to come into effect.

The Bajaj Discover 125 suffers from a sales slump (the Honda CB Shine & Hero Glamor occupying the first ranks) which has led Bajaj Auto to develop a new product for the 125cc segment.

Also read: Bajaj Auto will have sales, design and R&D staff in Thailand

During the same interview, Rajiv Bajaj hinted that the company is working on a new brand of motorcycles that will compete in the 125cc segment. Bajaj admitted that the decline in sales of the Discover brand in the high-end commuter segment left a big hole in the company’s strategy. Even the V12 did not meet the targets set by the brand. In fact, not a single unit of the V12 was sold in July 2018, while year-on-year sales of the V15 fell 78%.

He also added that there were no plans to expand the Platina range to the 125cc segment as that would dilute the brand. This statement is surprising because a unit of the Bajaj Platina 125 was spotted during road tests in August 2018. The test mule wore a 125 badge on the rear panel and was fitted with a front disc brake.

Speaking of the potential of the 125cc segment, Bajaj said:

We’re running out of mid-segment 125cc, I think it’s around 2.5 lakh of bikes per month. It is not small. If you have a 20 percent share there, that gives you a sizable number. Certainly we are missing a big slice and we have to make up for it with a new brand that we are working on … We are not releasing this segment 125. We are working on a new product and will cover it.

Details are minimal at the moment as Rajiv Bajaj hasn’t spoken much about the new brand of motorcycles.

The current 124.5 cc, four-stroke, air-cooled single-cylinder, SOHC, DTS-i BS-IV single cylinder is tuned to deliver 11 hp of power at 7,500 rpm and 11 Nm of torque at 5,500 rpm . With the new emission standards set to come into effect from 2020, Bajaj could release a brand new 125cc motorcycle.

2018 Bajaj Platina ComforTec shown on the left side
Rajiv Bajaj added that there were no plans to introduce the Platina range in the 125cc segment as it would dilute the brand.

Also read: Top 8 naked “sports” bikes in India under 1 lakh INR: Bajaj Pulsar at TVS Apache

As sales of the 125cc Bajaj motorcycles plummet, the Honda CB Shine 125cc was the third best-selling motorcycle in the Indian market in fiscal year 2017-18. It was the best-selling 125cc motorcycle in the Indian market in fiscal year 2017-2018, recording annual growth of over 27%.

[Source: ForbesIndia.com]


Zero Motorcycles Becomes First Electric Motorcycle Brand to List on General Services Administration

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Press release | September 11, 2018

Federal government can now easily purchase Zero motorcycles using pre-negotiated terms and prices

This is a press release from Zero Motorcycles …

Santa Cruz, Calif. (September 11, 2018) Zero Motorcycles, the global leader in electric motorcycle sales and innovation, today announced that it is the first electric motorcycle brand to be listed on General Services Administration (GSA ). This facilitates a streamlined procurement process for federal, state and local government agencies, allowing them to get the vehicles they need quickly and easily at pre-negotiated terms and prices.

The GSA provides centralized purchasing to the federal government through its online ordering system, GSA Advantage! ®, providing billions of dollars in products, services and facilities that federal agencies need to serve the public.

“With over 125 law enforcement and military customers in the United States currently using Zero motorcycles, we are happy to be included in GSA as it makes the Zero’s Authority models even more accessible to government agencies,” said said Kevin Hartman, Sales Director for Fleet and Authority, Zero Motorcycles. “Knowing that many agencies prefer to use GSA, this step reflects Zero’s strong commitment to continue working with US government agencies. “

To ensure a seamless approval process, Zero has partnered with Fedharmony to leverage its existing GSA contact. Fedharmony facilitates the federal procurement process by partnering with in-demand suppliers to add hard-to-find products to GSA.

“Zero’s electric motorcycles are an ideal addition to our portfolio of unique vehicles for emergency responders and the military,” said Scott Smith, president of Fedharmony.
“We have had great interest in these bikes and are happy to help make electric options even more readily available to federal agencies.”

Zero Authority motorcycles are now listed on US GAS Schedule 23V and available for purchase online at GSA Advantage !. Purchases can be made directly on GSA Advantage! or customers can issue a request for quotation (RFQ) through the GSA electronic ordering system.

To learn more about Zero Motorcycles Fleet and Authority Model Line, visit http://www.zeromotorcycles.com/fleet

To learn more about Fedharmony, visit www.fedharmony.com/

Click here for more press releases on Cycle news.

Click here for all the latest motorcycle industry news on Cycle news.


Calcutta High Court partially suspends West Bengal notification banning sale of motorcycles to people without a driver’s license

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Calcutta High Court partially suspends West Bengal notification banning sale of motorcycles to people without a driver’s license

The Calcutta High Court today partially suspended a notification from the West Bengal Department of Transportation banning the sale of motorcycles to those without a driver’s license.

A consortium of motorcycle manufacturers challenged the state transportation department’s notification that provided guidelines on selling two-wheelers to people saying it was impractical because a portion of motorcycle owners do not ride them themselves.

Hearing a plea challenging the notification, Judge Harish Tandon suspended the part that prohibited the sale of two-wheelers to those without a driver’s license.

They also claimed that the ban through the June 28 notification would hamper sales of two-wheelers in the state.

In passing the order, Justice Tandon observed that to ensure road safety, many other more stringent measures can be taken using modern technology.

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American Motorcycle Brand, Cleveland CycleWerks India Journey Begins


Cleveland CycleWerks (CCW), an American motorcycle maker based in Cleveland, Ohio, announced plans to enter India last year. This week, the company’s Indian branch – Cleveland CycleWerks India officially started its trip to the country.

On the site of their manufacturing / assembly unit, the management of Cleveland CycleWerks India performed “bhoomi pooja”. The factory is located in Pune. The update was shared on their social media page. Along with this they had mentioned – “A good start is half done and Cleveland Cyclewerks India started its journey with a Pooja at the Pune factory. A long journey begins with blessings. Cleveland Cyclewerks India, soon on the road.

With plans to introduce the first model in India later this year, CCW will bring the Ace – a classic retro commuter, Misfit – a cafe racer, and EXr – a mountain bike. It has been learned that Ace has already completed component testing at ARAI and that final testing is expected to be completed by the end of next month. The other two models will follow in due course, while two more bikes in the CCW range – Heist a hardtail bobber and Hooligun a dual sport Enduro bike, will be launched in India in the course of 2018.

CCW, founded by Scott Colosimo, Jarrod Streng and Curtis Ray in 2009, is a small motorcycle company based in Cleveland, Ohio, United States. The bikes in the company’s lineup come in three different categories – Classic, Modern and Custom, and sales span 25 countries around the world.

Most of the spare parts are currently sourced from China. Assembly and sales in India will be done in collaboration with Laish-Madison MotorWerks, a Hyderabad-based company with a plant in Telangana State.

Each of the bikes are small displacement bikes ranging from 125cc to 450cc and all bikes are powered by single cylinder engines based on older Honda engines.


Vincent and Steve McQueen’s fastest bike at Bonhams Motorcycle Sale

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One of the rarest and most revered performance motorcycles of the post-war period, and a famous all-terrain motorcycle with a strong connection to Steve McQueen, highlight the Bonhams motorcycle auction on October 6 at Barber Motorsports Museum in Birmingham, Alabama.

The performance bike is a coveted Vincent Black Lightning from 1949, a limited edition motorcycle model by Vincent HRD of Great Britain which held world speed records and was considered the fastest motorcycle on the planet.

The 1970 Husqvarna 400 Cross may not have the speed record credentials, but it does have unmatched star power as a “Husky” off-road motorcycle that McQueen is shown riding, shirtless, for the cover of Illustrated sports and in the documentary film Any Sunday.

A Black Lightning mounted on a vintage photo | Bonhams Archives

The Black Lightning, a lighter and more powerful factory version of the iconic Black Shadow, is described by Bonhams as the “two-wheeled Ferrari GTO”.

“Possessing the golden combination of rarity (only around 30 were built), evocative design, avant-garde engineering and racing success, the British-made bike is simply unmatched in the collector’s world, ”according to a press release from Bonhams.

“And like a GTO, these coveted machines rarely, if ever, go on sale. “

Bonhams Motorcycle
Steve McQueen on the cover of “Sports Illustrated”

This Black Lightning is the second unit built with a full ownership history and the oldest known, Bonhams said. Bonhams sold a similar Black Lightning, the one who held the Australian speed record, for nearly a million dollars earlier this year at the auction company’s Las Vegas sale. This Vincent should generate similar interest.

The Husky in Bonhams McQueen’s favorite autocross bike, according to his son, Chad McQueen, and comes with full documentation, the auction house said in the release. The paperwork includes his California registration naming Solar Productions, McQueen’s company, and the actor’s entry form for the 1970 Saddleback 500 Senior Race.

The sale also features McQueen’s ‘Lucky Penny’, a 1960 coin from Chad’s birth year that was found inside a clear plastic case tucked into the motorcycle cavity between the engine and the frame.

Bonhams Motorcycle, Fastest Vincent, Steve McQueen Bike at Bonhams Motorcycle Sale, ClassicCars.com Journal
Husqvarna 400 would be McQueen’s favorite off-road bike | Bonhams

The Swedish motorcycle is a desirable motorcycle in its own right, but as McQueen’s own machine that appeared on the famous magazine cover and a historical film, the sky is absolutely the limit. Watch Steve McQueen’s magic take over the auction for this one, as it has for so many other McQueen items up for auction in the past.

“The importance of these two motorcycles cannot be stressed enough, ”Bonhams motorcycle manager Ben Walker said in the statement. “One is truly a legend in every way and the other is monumentally iconic. We’ve offered a ton of great bikes at Bonhams over the years, but these are truly remarkable.

For more information on selling Bonhams motorcycles, visit the auction site.


Stevenage’s classic motorcycle brand celebrated with paint

A manufacturer of antique Stevenage motorcycles was praised by a Local Old Town businesses

Bike Stop situated on High Street unveiled a painting of Vincent’s motorbike inside their store to commemorate the manufacturer who first introduced the bike in The Town.

The Vincent Factory stood in full view of the Thomas Alleyne Academy and made motorcycles from 1928 to 2005. It also included The 1949 Black Shadow which was the most powerful production motorcycle on the market prior to declaring bankruptcy.

Bike Stop Director Martin Brown interviewed Comet to discuss the story of the business as well as new paintwork that was applied to this store.

“Our company has been in operation for nearly 30 years and we’re privileged to be part of Old Town, but what I believe to be the most under-appreciated famous hero that is on High Street is the truly remarkable Vincent Motorcycle,” he declared.

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“In actual fact the factory was operational up to 1955, so there’s an real time and historical significance in this place, about 200m away from the stores.

“The occasion to celebrate the class as well as the quality and style of this company is too attractive to pass by. So I said to the artist that next time I see you I’d like to see a photograph which resembles Vincent, who’s the founder and manager of the store.

“We approached Vincent Owners Club. Vincent Owners Club, they participated in an unveiling ceremony of our artwork. They then took away riding bicycles.

“Getting the chance to take Vincent to visit the location where he was born is a memorable experience. 

Martin said Martin stated the Vincent bikes are now very sought-after vehicles for motorcyclists, and when compared with automakers like Aston Martin.

“Bikes can be amazing collectibles and are usually sold at six numbers,” he added.

“There aren’t many of them however they’re available for a considerable amount.

“They’re well-known because of one factor it’s because they’re British and because they can be extremely fast.

“They have been regarded in the eyes of many”the Aston Martin of the cycling world. British quick record-breaking speed, record-breaking speed. They are also distinctive.

The classic British motorcycle brands like Triumph as well as Norton have returned in recent years and have had plenty of commercial successes. Martin is looking forward to seeing Vincent return.

“Unfortunately, Vincent did not return to his former self.

“A number of the old brands on motorcycles have been revived, but they’re not Vincent but I’m not entirely sure what the reason is.

“It will be great to see them again.

Audi CEO drops plan to sell Ducati motorcycle brand

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INGOLSTADT, Germany (Reuters) – Germany’s Audi NSUG.DE has given up selling its Italian motorcycle brand Ducati, its chief executive Rupert Stadler said, in a sign of confidence that the manufacturer expects to be able to bear the costs of its transformation.

The logo of Italian motorcycle manufacturer Ducati is seen in Dietlikon, Switzerland October 11, 2016. REUTERS/Arnd Wiegmann

Measures to cut costs by 10 billion euros ($11.8 billion), cut red tape and deepen ties with other Volkswagen owners VOWG_p.DE The Porsche brand is “gradually increasing our financial and organizational leeway for strategic realignment,” chief executive Rupert Stadler told reporters.

So there is no economic need to sell Ducati, Stadler said. Volkswagen asked banks to assess options for Ducati and transmission maker Renk earlier this year as they seek to become more nimble in their transition to electric and self-driving cars in the wake of its car fraud scandal. diesel emissions.

“I can assure you that Ducati belongs to the Audi family,” said Stadler. “Ducati is the perfect implementation of our premium philosophy in the motorcycling world.”

Plans were already stalled this summer when powerful VW unions, backed by the ruling Porsche-Piech families, argued against the logic and need to sell assets given the group’s financial resilience.

Investors and potential Ducati buyers, however, expect VW to change its mind again and possibly decide to sell the asset they believe is of least strategic importance to VW.

“For Volkswagen’s powerful works council, this could be an easy bargaining chip to push through something completely different,” said a person familiar with the matter.

Investors have long favored divestments to simplify VW Group’s structure and strengthen its management’s ability to push through structural changes against the will of the unions.

Audi, which owns Ducati and Italian supercar maker Lamborghini, reported higher operating profit and revenue for the first nine months last month, helped by growth in auto demand in higher-margin markets. high in Western Europe and the United States.

While pushing the costly shift to zero-emissions and autonomous technologies, retaining the profitable Ducati division and the lucrative Lamborghini brand has become more important, Stadler said.

“Caring for a high-end bouquet is as difficult as a gardener’s job,” Stadler said. “Therefore, I’m happy with every new flower, every promising new branch,” he added, predicting Lamborghini’s sales would double thanks to its new sport utility vehicle.

Separately, Stadler said Audi will spend almost half a billion euros over the next eight years to train staff for the digital age, with steps to develop and hire experts such as designers of automotive applications and automotive robotics specialists.

To contain costs, Audi wants to keep its workforce stable, at least for the next 2-3 years, even though it plans to have more than 20 electrified vehicles on the market by 2025 and to move into services. digitized mobility, said the CEO.

With two-thirds of Audi’s roughly 60 models by 2025 still slated to be combustion-engine cars, tighter carbon dioxide (CO2) rules will pose the ‘greatest risk’ in years to come , he said, adding that Audi would face 1 billion euros. fines if the average CO2 emissions of its fleet do not exceed EU limits by more than eleven grams per kilometre.

Audi has revised its whistleblower system to make it easier for national and international staff to report illegal behavior and has set up a permanent investigation office.

Audi plans early next year to disband a task force set up to monitor patches for 850,000 diesel-powered cars that the automaker said in July needed updates with engine control software. emissions to avoid possible driving bans.

“It’s a sign that we can slowly transition from crisis mode to standard operation,” Stadler said, predicting the health checks will be complete by the end of the first quarter.

Additional reporting by Arno Schuetze; edited by Alexander Smith

Audi CEO gives up selling Ducati motorcycle brand

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Ducati Racing Team’s Casey Stoner in action at Sepang, Malaysia.

Hazrin Yeob Men Shah | Sportswire icon | Corby | Getty Images

Germany’s Audi has backed out of selling its Italian motorcycle brand Ducati, chief executive Rupert Stadler said, in a sign of confidence that the automaker expects to be able to bear the costs of its transformation.

The measures to cut costs by 10 billion euros ($11.8 billion), cut red tape and deepen ties with Porsche, the Volkswagen-owned brand, “gradually increase our financial and organizational structure for strategic realignment,” chief executive Rupert Stadler told reporters.

So there is no economic need to sell Ducati, Stadler said. Volkswagen asked banks to assess options for Ducati and transmission maker Renk earlier this year as they seek to become more nimble in their transition to electric and self-driving cars in the wake of its car fraud scandal. diesel emissions.

“I can assure you that Ducati belongs to the Audi family,” said Stadler. “Ducati is the perfect implementation of our premium philosophy in the motorcycling world.”

Plans were already stalled this summer when powerful VW unions, backed by the ruling Porsche-Piech families, argued against the logic and need to sell assets given the group’s financial resilience.

Investors and potential Ducati buyers, however, expect VW to change its mind again and possibly decide to sell the asset they believe is of least strategic importance to VW.

“For Volkswagen’s powerful works council, this could be an easy bargaining chip to push through something completely different,” said a person familiar with the matter.

Investors have long favored divestments to simplify VW Group’s structure and strengthen its management’s ability to push through structural changes against the will of unions.

Audi, which owns Ducati and Italian supercar maker Lamborghini, reported higher operating profit and revenue for the first nine months last month, helped by growth in auto demand in higher-margin markets. high in Western Europe and the United States.

While pushing the costly shift to zero-emissions and autonomous technologies, retaining the profitable Ducati division and the lucrative Lamborghini brand has become more important, Stadler said.

“Caring for a high-end bouquet is as difficult as a gardener’s job,” Stadler said. “Therefore, I’m happy with every new flower, every promising new branch,” he added, predicting Lamborghini’s sales would double thanks to its new sport utility vehicle.

Separately, Stadler said Audi will spend nearly half a billion euros over the next eight years to train staff for the digital age, with steps to develop and hire experts such as designers. automotive applications and automotive robotics specialists.

To control costs, Audi wants to keep its workforce stable, at least for the next 2-3 years, even though it plans to have more than 20 electrified vehicles on the market by 2025 and to move into services. digitized mobility, said the CEO.

With two-thirds of Audi’s roughly 60 models by 2025 still slated to be combustion engine cars, tighter carbon dioxide (CO2) rules will pose the ‘biggest risk’ in the years to come , he said, adding that Audi would face 1 billion euros in fines if its fleet’s average CO2 emissions do not exceed EU limits by more than eleven grams per kilometre.

Audi has revised its whistleblower system to make it easier for national and international staff to report illegal behavior and has set up a permanent investigation office.

Audi plans early next year to disband a task force set up to monitor patches for 850,000 diesel-powered cars that the automaker said in July needed updates with engine control software. emissions to avoid possible driving bans.

“It’s a sign that we can slowly transition from crisis mode to standard operation,” Stadler said, predicting the health checks will be complete by the end of the first quarter.

Audi CEO abandons plan to sell Ducati motorcycle brand

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INGOLSTADT, Germany (Reuters) – German Audi NSUG.DE has abandoned plans to sell its Italian motorcycle brand Ducati, chief executive Rupert Stadler said, in a sign of confidence the automaker expects to be able to bear the costs of its transformation.

The logo of the Italian motorcycle manufacturer Ducati can be seen in Dietlikon, Switzerland on October 11, 2016. REUTERS / Arnd Wiegmann

Measures to cut costs by 10 billion euros ($ 11.8 billion), cut red tape and deepen ties with other Volkswagen owners VOWG_p.DE The Porsche brand “is gradually increasing our financial and organizational leeway for strategic realignment,” CEO Rupert Stadler told reporters.

So there is no economic need to sell Ducati, Stadler said. Volkswagen asked banks to assess options for Ducati and transmission maker Renk earlier this year as it seeks to become more nimble in its transition to electric and self-driving cars following its fraud scandal on vehicles. diesel emissions.

“I can assure you that Ducati belongs to the Audi family,” said Stadler. “Ducati is the perfect implementation of our premium philosophy in the motorcycle world. “

Plans were already at a standstill over the summer when VW’s powerful unions, backed by controlling Porsche-Piech families, objected to the logic and the need to sell assets given financial resilience of the group.

Investors and potential Ducati buyers, however, expect VW to change its mind again and ultimately decide to sell the asset that they believe is of least strategic importance to VW.

“For Volkswagen’s powerful works council, this could be an easy bargaining chip that they could come up with to push through something completely different,” said a person familiar with the matter.

Investors have long favored divestments to simplify the structure of the VW Group and strengthen the ability of its management to push through structural changes against the will of the unions.

Audi, which owns Ducati and Italian supercar maker Lamborghini, last month reported higher operating profit and revenue for the first nine months, aided by growing automotive demand in higher-margin markets. Western Europe and the United States.

While pushing the costly shift to zero-emission and autonomous technologies, clinging to the profitable Ducati division and the lucrative Lamborghini brand has become more important, Stadler said.

“Caring for a high-end bouquet is as difficult as the job of a gardener,” Stadler said. “Therefore, I am satisfied with every new flower, every promising new branch,” he added, predicting that Lamborghini sales would double on the back of its new sport utility vehicle.

Separately, Stadler said Audi will spend nearly half a billion euros over the next eight years to train staff for the digital age, with stages of development and hiring of experts such as automotive application designers and automotive robotics specialists.

To keep costs under control, Audi wants to keep its workforce stable, at least over the next 2-3 years, even though it plans to have more than 20 electrified vehicles on the market by 2025 and is embarking on the services of digitalized mobility, said the CEO.

With two-thirds of Audi’s sixty or so models by 2025 still expected to be combustion-engine cars, tighter carbon dioxide (CO2) rules will pose the “biggest risk” in the years to come. coming, he said, adding that Audi would face 1 billion euros. fines if the average CO2 emissions of its fleet exceed EU limits by no more than eleven grams per kilometer.

Audi overhauled its whistleblower system to make it easier for national and international staff to report illegal behavior and set up a permanent investigation office.

Audi plans early next year to disband a task force set up to monitor fixes for 850,000 diesel cars that the automaker said needed updates with emission control software in July for avoid potential driving bans.

“This is a sign that we can slowly move from crisis mode to standard operation,” Stadler said, predicting that checks should be completed by the end of the first quarter.

Additional reporting by Arno Schuetze; edited by Alexander Smith


$ 3.6 million sold, led by 1914 Henderson

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1914 Henderson

2017 Bonhams Stafford Motorcycle Auction

More than $ 3.6 million worth of motorcycles – vintage and classic – were sold at Bonhams’ second Stafford Motorcycle Sale of the year, which took place on October 15.

The flagship model at the show was a 1914 Henderson 1068cc Model C Four, which sold for just over $ 149,000.

1914 Henderson 1068cc Model C Four
1914 Henderson 1068cc Model C Four

The other big moment that helped the Bonhams Stafford Motorcycle Show achieve a 95% sale rate was the collection of Speedway legend Ivan “Millennium Man” Mauger, which achieved a 100% sale rate. , including the 1969 Jawa Model 890 Speedway racing bike which sold for over $ 24,000.

All 48 sets of the Mauger collection have been sold, ranging from world championship winning Speedway racing machines to stand boards and racing leathers.

Bidders from around the world have competed by phone, online and in the hall to own a piece of motorcycling history, and the collection has reached over $ 180.00, a portion of which will be generously donated by the Mauger family. at Speedway Riders Benevolent Fonds.

1969 Jawa Model 890 Speedway racing motorcycle
1969 Jawa Model 890 Speedway racing motorcycle

Highlights of the Mauger collection included the 1977 Jawa DOHC four-valve racing motorcycle, winner of the 1977 Speedway World Championship Final ($ 22,000) and the 1971 Long Track World Final, the Racing Motorcycle 1971 Jawa Long Track ($ 12,000).

Some of the older machines on sale were the top performers, with the exceptionally original Henderson 1914, a 1911 Pierce 688cc Four ($ 142,000) and a 1912 Pierce 644cc Model 12 Single, which had been in one family ever since. 101 years old, reaching ($ 118,000).

Ex-Jorge Lorenzo 2007 Aprilia 250cc RSW
Ex-Jorge Lorenzo 2007 Aprilia 250cc RSW

Modern machines have performed just as well, with ex-factory Jorge Lorenzo 2007 World Championship winner Aprilia 250cc RSW Grand Prix Racing Motorcycle selling for $ 133,000 to a bidder over the phone.

Other expected prices were also sold for more than double their expected price, including a made 1932 Brough Superior 981cc SS80 De Luxe ($ 141,000) and a 1972 MV Agusta 750S ($ 110,000).

Henderson Motorcycles for Sale
1914 Henderson

James Stensel, Head of UK Department, said: “Sellers from all over the world continue to flow to Stafford, which remains the international hub for the sale of the world’s most important vintage motorcycles.

“Bonhams is the auction house of choice for large sole proprietorship collections, and no less than four were included in the auction, all of which performed well. This sale illustrates Bonhams’ continued dominance in the market, with the industry’s highest percentage rate achieved both by lot and by value. “

Ben Walker, Global Head of Motorcycle Department, added: “After the great success of the weekend sale, we are already looking forward to our next auction in Las Vegas in January. A highlight of the sale will be ex-Tony McAlpine, Jack Ehret, Australian land speed recorder, 4 owners of the new, 1951 Vincent 998cc Black Lightning, and further entries are currently invited.

Consignments are now invited for the Las Vegas sale, which will take place at the Rio Hotel & Casino, Las Vegas, on January 25.

To discuss the sale of your important motorcycle, please complete a free auction evaluation form.


Mecum to auction off the rights to the Excelsior-Henderson motorcycle brand

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Formerly part of the American “Big 3” motorcycle, the old motorcycles produced by Schwinn, now darling of collectors, wait for someone to launch their rebirth.

One of the biggest dreams in the classic car world is the resurrection of an iconic brand, and every now and then the rights to a brand become available. This will be the case on January 27 when the Excelsior-Henderson motorcycle brand and all of its intellectual property becomes available at Las Vegas Motorcycle Auctions from Mecum Auctions in Las Vegas.

In its press release, Mecum calls the sale an unprecedented opportunity to own all the intellectual property of the latest of the American motorcycle brands “The Big 3”, alongside Harley-Davidson and Indian.

Excelsior-Henderson brand up for auction | Provided by Mecum Auctions

“The vintage Excelsior and Henderson motorcycles that still exist today are highly collectable and famous examples that are among the best early motorcycles ever created,” Mecum noted in its press release.

“At last year’s Mecum Las Vegas auction, copies bearing both names landed among the best sellers,” the statement said. “A 1912 Henderson Four took top honors in sales at $ 490,000, followed by a 1913 Henderson Four which grossed $ 150,000. A 1928 Excelsior Big Bertha also fell into the top seller with $ 117,500.

“It is clear that the interest in the brand and the endearing respect for its designs have not wavered over the past century.”

Although founded in 1907, the Excelsior Motor Manufacturing & Supply Company experienced its greatest success after being bought in 1912 by Ignaz Schwinn, famous in the construction of bicycles. Schwinn added the Henderson Motorcycle Company, founded by the grandsons of American automotive pioneer Alexander Winton, to the portfolio in 1917.

“From 1911 to 1921, the Hendersons were the only 4-cylinder motorcycles produced in the United States, and by the late 1920s, Excelsior-Henderson and Indian dominated the 45 cubic inch market with the Super X and Scout ”, Mecum noted. “Their great models – the Henderson Four, as well as the Indian Chief and Four – were admired around the world and were in many ways the most attractive and technically interesting motorcycles built in the United States.

Excelsior 'Big Berth' 1928 hill climb bike at Mecum auction in January 2017 |  Photo by Larry Edsall

Excelsior ‘Big Berth’ 1928 hill climb bike at Mecum auction in January 2017 | Photo by Larry Edsall

“Nonetheless, Schwinn correctly predicted a significant drop in motorcycle sales for 1930 and decided to unplug its larger motorcycles and focus on those without engines, which were likely to continue to sell when jobs were scarce.

“And he was right; Schwinn bikes flourished in the 1960s and 1970s, but the company never produced motorcycles again.

In the 1990s, Daniel Hanlon obtained the rights to Excelsior-Henderson and in 1998 and 1999 produced nearly 2,000 Super X motorcycles bearing the brand name.

However, Mecum added, the Excelsior-Henderson name “has quietly survived, waiting for the right mix of capital and inspiration to come to life.”

Classic Henderson Motorcycle

Classic Henderson Motorcycle

Mecum said the Las Vegas sale will include “ownership of the Excelsior-Henderson brand, 10 federally registered trademarks, web domains, previous designs of motorcycle frames and engines as well as 18 expired patents that may not be validated. efficiently operated only by the owner of Excelsior-Henderson.

Mecum’s Las Vegas Motorcycle Auction, which is expected to include 1,750 bikes, will run January 23-27 at the South Point Hotel and Casino.

This article, written by Larry Edsall, originally appeared on ClassicCars.com, an editorial partner of Motor Authority.


Here is your chance to buy an entire brand of motorcycle

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Starting a new business is difficult, especially when it comes to vehicles. In addition to establishing a brand, you need to design a chassis, powertrain, and more, before you sell anything. But if you’re looking to start building motorcycles, Mecum Auctions offers a possible shortcut to get started, as the auction house sells the Excelsior-Henderson brand of motorcycles.

In case you are unfamiliar with the business, Excelsior-Henderson dates back to the early 1900s and was operated by the Schwinns of cycling fame past and present. According to Mecum, the company remained in business until the Great Depression, when it closed the range of motorcycles in 1931. During its operations, the company built a wide range of motorcycles in four-cylinder and V- configurations. twin, and built a few racing bikes, some of which had engines of nearly 1,000cc displacement.

The closure of the company in 1931 was not the end. A man named Dan Hanlon started working in a motorcycle company that would build bikes with original frames and powertrains in 1993. According to his company website, he started the business under the name of Hanlon Manufacturing before changing the name of the defunct Excelsior-Henderson in 1996. The company’s first and only motorcycle, the Super X, named after and based on an older Excelsior-Henderson bike, was revealed in 1996 in Sturgis and went into production in 1998. You can see one of the company employees burnout on one in the video above. According to Mecum, the company built just under 2,000 units before shutting down in 1999.

As to how this is a potential shortcut for budding motorcycle manufacturers, the purchase of the Excelsior-Henderson brand comes with all of the company’s intellectual property. This includes various marketing elements such as logos, branding, and websites, but it also includes full designs of frames and engines used by the company, as well as expired patents. All of these things would be a godsend for a new motorcycle business, as it would provide a bit of a starting point, rather than starting from scratch. The brand and associated intellectual property will be offered for sale at the Mecum Las Vegas motorcycle auction which will run from January 23, 2018 to January 27, 2018.

Related video:


Legendary brand and IP of Excelsior-Henderson motorcycles for sale

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One of America’s legendary motorcycle brands will be auctioned off in January 2018, when the Excelsior-Henderson brand and all of its brands, web domains, motorcycle designs and expired patents will be sold in one lot.

The Excelsior-Henderson Intellectual Property Sale will be the culmination of the 27th Annual Mecum Las Vegas Motorcycle Auction at the South Point Hotel and Casino January 23-27, with the first lot going up for auction on Saturday, January 27.

The sale comes at an interesting time in motorcycle history, with the recent Future Market Insights (IMF) report on the global motorcycle industry predicting that the global motorcycle market would grow at a compound annual growth rate ( CAGR) of 4.6% from 2017 to 2027.

The IMF report sees a bright future for motorcycles over the next decade due to increasing urban congestion and the benefits of motorcycles as a convenient and cost-effective form of urban transportation.

Regarding in particular the logical market segment for all future Excelsior-Henderson motorcycles, the IMF report predicts that the cruising motorcycle segment is expected to grow by 47% over the next decade and specifically mentions that the rise of ” Cruising motorcycle clubs symbolized by the iconic motorcycles of the American giant Harley-Davidson and Indian has spurred the growth of the global market for conventional motorcycles. “

This completely original, unrestored 1912 Furnace set a world record for a Henderson earlier this year when it fetched $ 539,000 at Mecum’s Las Vegas auction in January. The Henderson 57 cubic inch (934cc) F-head four cylinder sold with original paint and tires.

Mecum auctions

With India, China and, to a lesser extent, Indonesia now being the main drivers of global two-wheeler sales growth, and the two markets thirsty for strong heritage brands, it is highly likely that the name which was once a mainstay of the “Big 3 Motorcycle Manufacturers” (Excelsior-Henderson, Harley-Davidson and Indian) can be sold overseas.

Our recent feature article on the Indian motorcycle market highlighted the identifiable trend towards heritage brands and how Royal Enfield (founded 1901) now dominates global sales of motorcycles over 250cc.

The success and status of Royal Enfield as one of the oldest motorcycle brands in the world is the main reason other long-standing brands have all partnered up or been acquired by an Indian motorcycle manufacturer in the in recent years: Peugeot (since 1901), Triumph (since 1902), BSA (since 1903) and Husqvarna (since 1903) being the main ones.

A century-old advertisement for the Excelsior 15-3 v-twin model

A century-old advertisement for the Excelsior 15-3 v-twin model

Excelsior

Excelsior-Henderson is the amalgamation of two original brands which were founded in 1912 and 1907 respectively, and became a symbol of America’s manufacturing and engineering prowess during the Roaring Twenties before falling victim to the Great Depression and go out of business in 1933.

The Excelsior-Henderson name was resurrected in 1993 with $ 100 million invested and around 2,000 motorcycles produced in 1997 and 1998, before the company managed to secure additional investment in 1999 and was partially sold.

The Super-X is Excelsior-Henderson's newest production model, the Super X, which began production in early 1999. The Super X was an all-new motorcycle with a new engine and frame, and all rights related to the production of the Super-X are said to be included in the sale (more details to be announced).

The Super-X is Excelsior-Henderson’s newest production model, the Super X, which began production in early 1999. The Super X was an all-new motorcycle with a new engine and frame, and all rights related to the production of the Super-X are said to be included in the sale (more details to be announced).

Mecum auctions

While Harley-Davidson production has endured since its founding in 1903, the third member of the Indian “Big 3” has had an even more tumultuous history since the original company closed in 1953, with no less than eight attempts. to revive the brand before its current owner, Polaris Industries, gave the name the corporate substance and support it needed for a full resuscitation.

Indian Motorcycles recently returned to professional flat circuit racing after more than 60 years of being away from the sport, sweeping the 2017 American Flat Circuit Championship and propelling Jared Mees to the 2017 AMA Grand National Championship.  With many promotional racing efforts underway across the globe, the Indian Motorcycle's profile appears to have returned to its glory days and the company now appears to have created the momentum necessary for long-term profitability.

Indian Motorcycles recently returned to professional flat circuit racing after more than 60 years of being away from the sport, sweeping the 2017 American Flat Circuit Championship and propelling Jared Mees to the 2017 AMA Grand National Championship. With many promotional racing efforts underway across the globe, the Indian Motorcycle’s profile appears to have returned to its glory days and the company now appears to have created the momentum necessary for long-term profitability.

Indian motorcycles

Indian Motorcycles recently returned to professional flat track racing after more than 60 years of being away from the sport, sweeping the 2017 US Flat Track Championship and propelling Jared Mees to the 2017 AMA Grand National Championship. With many promotional racing efforts underway across the globe, the Indian Motorcycle’s profile appears to have returned to its glory days and the company now appears to have created the momentum necessary for long-term profitability.

The mission statement of the company Excelsior-Henderson, which will auction

The mission statement of the company Excelsior-Henderson, which will auction

The immediate future of Excelsior-Henderson is now defined, and it will be sold in a very public show, broadcast live on the internet from Las Vegas on January 27, 2018.


Does loyalty to the motorcycle brand still exist?

Thoughts on Motorcycle Brand Loyalty

It used to be conceivable that if you were happy with a new (or even used) motorcycle purchase, you would be more inclined to buy a newer model from the same manufacturer. But after seeing most of my cycling friends not following this trend, I started to question this thought process. This led to the inevitable question: “Is there still such a thing as motorcycle brand loyalty? In fact, I didn’t have to look very far to find an answer, I was a perfect candidate. I have owned many motorcycles over the years and have moved from an older model to a newer model made by the same manufacturer only once (eg a 1987 Kawasaki Ninja 750R to a Kawasaki ZX-7 of 1992).Does loyalty to the motorcycle brand still exist?So my answer to the proposed question would be a “no”. Whether it was style, price, technology, or a number of other factors, I chose to buy a competitor’s product from the current brand I was driving at the time. Now, if I said “yes” to that question, I’d probably be on my third or fourth generation Honda by now. But I am not. And I wondered what it would take for a company to build a brand that not only attracts customers, but also retains those customers three, four or five years later? Nowadays, motorcycle manufacturers have to accomplish both of these tasks. (and more) to increase their income and stay financially stable. That said, only a few in today’s market have a well-known and respected brand and have built a substantial relationship with their customers. For example, I would put Ducati on my list of super recognizable brands. The Italian brand understands how to not only market their product, but also the need for their customers to have a connection to the business…a family if you will. Jason Chinnock, CEO of Ducati North America, spoke about it at the launch of Ducati’s XDiavel: “The passion for two wheels, twin engines and beautiful roads is shared by everyone…as riders, we are part of a tribe, but we also embrace our individuality.

Ducati XDiavel 2016 sales record
Ducati XDiavel

Similar to Ducati, Harley-Davidson would absolutely be on the super recognizable list. While they may not be leading the landscape with cutting-edge technology, there’s no denying the fact that Harley-Davidson has built a brand and it’s recognized around the world. As Willie G. Davidson said, “When you look up the word ‘motorcycle’ in the dictionary, there’s a picture of a Harley next to it..“You could draw comparisons to other companies (BMW Motorrad is one that comes to mind), but these embody and embrace customer obsession. To test this view, I conducted an informal and asked poll: “Would you buy another [insert current motorcycle manufacturer here] and why/why not“The results? Ducati and Harley-Davidson riders are more likely to buy another ‘Duke’ or ‘Hog’ than say a rider who is only interested in maximum horsepower. I will point out that almost all the major players were represented (minus the MV Augustas and Benellis of the world. Aprilia, KTM, etc.) held their own despite their reduced marketing budgets I accept that these results may be skewed due to the small number of applicants and obviously does not reflect the shopping habits of the motorcycling community as a whole.What it does do however, is an insight into how important brand recognition is to a business.

2017 Harley-Davidson Street Glide Special Specs
Harley-Davidson Street Glide Special

Which brings us back to the original question:Is there still such a thing as motorcycle brand loyaltyI guess it depends on how you define loyalty. If you define it by “number of units sold to existing customers” and your numbers are off the charts, then yes, there is (and you have) brand loyalty. If however you define it as “the brand that has the cheapest product a customer would buy”, then no, there is no brand loyalty. operating costs are high and profit margins are slim Whether or not you drink one manufacturer’s Kool-Aid and spend your hard-earned money on another motorcycle from the same manufacturer that you currently ride is entirely up to you. you. In the meantime, it will be interesting to see which companies adapt their branding and marketing campaigns to an ever-changing atmosphere, in order to produce another model year of motorcycles and grow in the process.

The most reliable motorcycle brand? Not harley


Domestic motorcycle makers Harley-Davidson and Victory have the highest rider satisfaction ratings, Consumer Reports reported today, but Japanese motorcycles are “much more reliable.”

These ratings are based on the magazine’s survey of over 11,000 subscribers who reported over 12,300 motorcycles from model years 2008 to 2014. Ten brands were surveyed.

Reliability ratings are based on failure rates for 4 year old bikes:

  1. Yamaha / Star (11% failure rate)
  2. Suzuki and Honda (12%)
  3. Kawasaki (15%)
  4. Victory (17 percent)
  5. Harley-Davidson (26 percent)
  6. Triumph (29%)
  7. Ducati (33 percent)
  8. BMW (40%)
  9. Can-Am (42%)

“But owner satisfaction – that is, happiness – is an entirely different measure of reliability,” says Consumer Reports.

Satisfaction ratings are based on the number of owners “who said they would definitely buy the same bike if they had to start all over again”. The winners are:

  1. Victory (80 percent)
  2. Harley-Davidson (72 percent)
  3. Honda (70 percent)

Comfort, however, seems to be the key to satisfaction.

Consumer Reports satisfaction categories include acceleration, comfort, fun, and style, with comfort ratings closest to satisfaction ratings.

Victory took it there, being the only brand to achieve the magazine’s highest comfort rating. Ducati, Kawasaki, Suzuki and Triumph obtained the lowest comfort rating.

Handling was the only other category of satisfaction with a remarkable mark:

The Can-Am, from Canadian manufacturer BRP, with its distinctive three-wheelers (or tricycles), was rated as having average handling satisfaction – a lower rating than any other brand.

Consumer Reports’ full motorcycle analysis will be featured in the May issue of the magazine.

What is your favorite brand of motorcycle? Sound off in a comment below or on our Facebook page.

Disclosure: The information you read here is always objective. However, sometimes we receive compensation for clicking on links in our stories.


Polaris plans to abandon unprofitable Victory Motorcycle brand

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SPIRIT LAKE, Iowa (AP) – Polaris Industries will stop manufacturing its Victory motorcycles so that it can focus on its Indian Motorcycle brand and other products.

Polaris announced Monday that it is closing the unprofitable Victory brand after 18 years. The motorcycles were produced at the Minneapolis-based company’s factories in Spirit Lake, Iowa, and Spearfish, South Dakota.

The company has decided that its Indian Motorcycle brand has better prospects for growth, said Scott Wine, CEO of Polaris.

“This decision will improve the profitability of Polaris and our global motorcycle business, and significantly improve our competitive position in the industry,” he said.

Polaris said it has lost money on Victory in three of the past five years after the peak in sales of heavy-duty motorcycles in 2012. The brand only accounted for about 3% of total Polaris sales.

Jefferies analyst Trevor Young said the move came as a surprise, but will likely help Indian Motorcycle sales. The Indian brand is the second behind Harley-Davidson on the market.

“In the medium term, we think it’s positive because it looks like Polaris is doubling over Indian,” Young said in a research note.

The company will detail its earnings outlook for the year when it releases its fourth quarter earnings report on January 24.

UBS analyst Robin Farley noted that the move would wipe out an American motorcycle brand, but Harley-Davidson might not be able to take advantage of it as its customer base ages and Indian Motorcycle gains market share.

Polaris said it will help dealers liquidate their remaining Victory motorcycles and continue to produce parts for the motorcycles for another 10 years.

About 400 dealers across the country have sold Victory motorcycles, although about 150 of them also sell Indian motorcycles.

In addition to motorcycles, Polaris manufactures ATVs, snowmobiles, the three-wheeled Slingshot roadster and other vehicles.

Polaris factories in Iowa and South Dakota will continue to produce Indian motorcycles. It is not known how many jobs will be lost in these factories with the end of production of Victory.

The company’s Slingshot roadsters are manufactured in Huntsville, Alabama.


Polaris says it’s the end of the line for Victory motorcycles

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Polaris Industries will be leaving the Victory Motorcycle brand it started from scratch 18 years ago, citing a mixture of competitive pressures and lack of market share.

The Madinah-based company’s announcement on Monday will not affect Polaris’ fast-growing Indian Motorcycle brand or other divisions, officials said. CEO Scott Wine said the “dissolution” of the Victory brand will begin immediately.

“Victory has struggled to establish the market share necessary to be successful and profitable. Competitive pressures from a tough motorcycle market have increased headwinds for the brand, ”Wine said in a statement.

Victory’s market share in the motorcycle market fell to just 2% last year from 3% in 2013. Wine said the company has decided to focus on the Indian brand given its strong performance. and its growth potential and the significant additional investments that would be required for Victory. to succeed.

Polaris will assist dealers in liquidating existing Victory inventory and will continue to provide parts and service for 10 years and honor warranty coverage accordingly.

Polaris said it “remains committed to maintaining a presence” at the Spirit Lake, Iowa facility, where Victory and Indian bikes are now manufactured. It also remains committed to its new plant in Huntsville, Alabama, which manufactures, among other things, the Slingshot three-wheeled motorcycle.

It is unclear how factory employment might be affected at the end of Victory.

Dealers are taking the news as best they can. “We’ve put a lot of money into this so we’re sad to see it go,” said Jamie Kurkowski, assistant sales manager at Mies Outland at Watkins, the state’s largest Polaris dealership.

“We’ve had years where we’ve sold 150 Victories a year,” Kurkowski said. “Lately it’s been around 75 and 100 wins a year. But what are you going to do? It seems to me that it was a profit margin problem.

While Polaris has devoted a lot of energy in recent years to buying and relaunching the Indian Motorcycle brand, the launch of the Victory motorcycle came first and represented a bold attempt at product diversification.

When the first Victory motorcycle rolled off the Spirit Lake assembly line in 1998, it expanded Polaris’ product line beyond snowmobiles, four-wheeled all-terrain vehicles and personal watercraft. Since then, Polaris has designed and produced nearly 60 Victory models which have won 25 industry awards.

The experience, knowledge and infrastructure gained from launching Victory gave company officials the confidence to acquire and grow the Indian Motorcycle brand, Wine said. “So I would like to express my gratitude to everyone associated with Victory Motorcycles and celebrate your many contributions. “

For the first nine months of 2016, Victory and Indian motorcycle sales were approximately $ 603 million. That’s roughly $ 192 million for the first nine months of 2012, when the bulk of reported sales in this category were for Victory motorcycles.

Motorcycles now account for about 15 percent of Polaris’ annual sales of $ 4.7 billion.

Polaris stock fell 3.3% to close at $ 83.72 per share on Monday. It is trading at almost half of its value in February 2015.

The decision to close the Victory Line did not surprise Wall Street analysts. The end of Victory is just “as some in the industry had surmised since the launch of Indian,” UBS analyst Robin Farley said.

“Victory’s sales had peaked in 2012 before Indian was introduced in 2013. And Victory had declined every year after that as the business had not been profitable… for three of the last five years,” he said. she declared. “We expect this to be neutral to positive” for the earnings outlook for Polaris. “

The product change comes at a difficult time for Polaris, which has battled a downturn in the recreational sports industry and massive recalls of its four-wheeled ATVs and Indian motorcycles due to the potential fire hazard. Research, repairs, warranty, legal and other fees associated with recalls have cost Polaris more than $ 120 million to date.

The company is expected to reveal the costs of shutting down the Victory brand next week, when it releases its fourth quarter results.


Polaris plans to drop unprofitable Victory Motorcycle brand – Twin Cities

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Polaris Industries will stop manufacturing its Victory motorcycles so that it can focus on its Indian Motorcycle brand and other products.

Polaris announced Monday that it is closing the unprofitable Victory brand after 18 years. The motorcycles were produced at the company’s Medina-based factories in Spirit Lake, Iowa, and Spearfish, SD

The company has decided that its Indian Motorcycle brand has better prospects for growth, said Scott Wine, CEO of Polaris.

“This decision will improve the profitability of Polaris and our global motorcycle business, and significantly improve our competitive position in the industry,” he said.

Polaris said it has lost money on Victory in three of the past five years after the peak in sales of heavy-duty motorcycles in 2012. The brand only accounted for about 3% of total Polaris sales.

Jefferies analyst Trevor Young said the move came as a surprise, but would likely help Indian Motorcycle sales. The Indian brand is the second behind Harley-Davidson on the market.

“In the medium term, we think it’s positive because it looks like Polaris is doubling over Indian,” Young said in a research note.

The company will detail its earnings outlook for the year when it releases its fourth quarter earnings report on January 24.

UBS analyst Robin Farley noted that the move would wipe out an American motorcycle brand, but Harley-Davidson might not be able to take advantage of it as its customer base ages and Indian Motorcycle has gained market share.

Polaris said it will help dealers liquidate their remaining Victory motorcycles and continue to produce parts for the motorcycles for another 10 years.

About 400 dealers across the country have sold Victory motorcycles, although about 150 of them also sell Indian motorcycles.

In addition to motorcycles, Polaris manufactures ATVs, snowmobiles, the three-wheeled Slingshot roadster and other vehicles.

Polaris factories in Iowa and South Dakota will continue to produce Indian motorcycles. It is not known how many jobs will be lost in these factories with the end of production of Victory.

The company’s Slingshot roadsters are manufactured in Huntsville, Alabama.


A new motorcycle brand springs from a computer

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WHEN the covers of the Vanguard Roadster are removed at the New York Motorcycle Show on December 9, the moment will mark the launch not only of a new muscle bike, but also of a new brand with big ambitions. Vanguard is a bold startup that believes it can use the increasing digitization of manufacturing to ride with the pack of long-established bike companies, such as Honda, Yamaha, Harley-Davidson, BMW and others, who are ready to sell some 500,000 motorcycles. and scooters in America this year.

This may sound laughable. So far, Vanguard has built a grand total of one machine. At around $30,000, with a 1.9-liter V-twin engine, it’s priced top of the line (although well below the price of some superbikes, which can cost three times as much). But if Vanguard is successful, within a few years it will be selling several thousand motorcycles a year from a range of several different models.

What allows a startup to aim so high is how digital technologies reduce the cost of entry for manufacturing companies that were once considered the preserve of giants. This is especially the case in the long and expensive product development process. From sketches and clay models to component engineering and testing, it took an automaker five years or more to bring a new vehicle to market. It’s just as slow for bike manufacturers.

Some automakers can now do the job in just two, using three-dimensional computer-aided design, engineering and simulation systems. Indeed, the product – a car, motorcycle or even an airplane – exists in digital form where it can be sculpted and tested long before anything physical is built. It is also possible to simulate production methods.

This is the approach of Vanguard, created in 2013 by François-Xavier Terny, a former management consultant, and Edward Jacobs, a motorcycle designer. Despite the large producers’ lack of resources – at the moment the company has only a handful of employees – it used software (in this case Solidworks from Dassault Systèmes, a French company) to design a digital motorcycle before turning it into a real one. These systems benefit from falling prices and increasing performance in computing power. “We now have the same level of design and engineering tools as the big guys, which would have been impossible ten years ago,” Terny says.

Digital designs also give the company easier access to global suppliers who will offer the best prices for the parts they need. Design files can simply be emailed to a large network of engineering firms that offer their services online.

After road testing and further development is complete, production of the Roadster is expected to begin sometime in 2018 at a renovated industrial unit at Brooklyn Navy Yard in New York City, which is now home to a number of manufacturing companies. This is another feature of how factories are changing rapidly: with digital engineering, cheaper automation and new production techniques such as 3D printing, it may be possible to speed up manufacturing in town centers.

This article appeared in the Business section of the print edition under the headline “Digital rider”

Ducati CEO aims to protect motorcycle brand’s aura as sales increase

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BOLOGNA, Italy – Since a surprise takeover in 2012 by German automaker Volkswagen, Italian sports motorcycle maker Ducati has experienced a much-needed era of financial stability that it has seen to record record sales.

But don’t expect Ducati motorcycles to start flooding the market. CEO Claudio Domenicali is focused on protecting the aura of exclusivity that surrounds the brand, which is best known for its success on global racing circuits.

“We will remain a premium brand,” he said recently at the factory and company headquarters in the Borgo Panigale district of Bologna.

Ducati sold 7,400 motorcycles in June, a 60% increase from June 2015. And in the first half of the year, the company increased sales by 22% to a record 32,600 motorcycles.

This year’s sales include 9,000 deliveries of the Scrambler, a new retro-styled motorcycle aimed at customers who may not have traditionally considered buying a Ducati. Some enthusiasts have criticized the laid-back Scrambler – with its own yellow logo and its own line of clothing and accessories – as a break from Ducati’s racing roots. The 75 horsepower of the Scrambler, for example, is only a fraction of the 205 horsepower of Ducati’s premium Panigale 1299 S superbike.

Domenicali ignores these concerns.

“It’s part of a character that’s more focused on lifestyle and ease of living,” said Domenicali, noting that Ducati still sells a range of high-performance road bikes – in their traditional red paint.

Domenicali was appointed CEO of Ducati in 2013, a year after the takeover of the company by Volkswagen, a subsidiary of Volkswagen. Previously, he led Ducati’s racing division, led research and development, and served as general manager of operations and product development.

The Volkswagen buyout, he says, was fundamental in boosting Ducati sales – not only by providing stable ownership, but also by focusing on customer satisfaction, as opposed to mere financial returns.

“It changes the world, you know?” Said Domenicali. “Because you don’t just report to the stock exchange or the banks and try to satisfy them, but try to satisfy the customer,” he said.

Ducati’s racing heritage is something that is as fundamental to the brand as it is to iconic sports cars built 25 miles to the west, he said.

“We like to think we’re like Ferrari, but Ferrari is a dream and Ducati is a dream you can make,” he said. “Because you can actually buy a Ducati.”

After Audi’s purchase of Ducati, the performance division of rival luxury automaker Mercedes-Benz, AMG, bought a 25 percent stake in Italian sports motorcycle maker MV Agusta in 2014. And BMW makes motorcycles since before they started producing cars. Motorcycles help drive young customers to car manufacturers’ showrooms, Domenicali said.

“They gain the sexy side of the brand,” he said. “Cars, of course, are interesting, but sometimes they aren’t as exciting as bikes.”


Which motorcycle brand has owners the most satisfaction?


Most of the other satisfaction categories scored close across all brands, with management being the other exception. Can-Am, with its distinctive three-wheeler, was rated as having average handling satisfaction, lower than any other brand. In our experience, Can-Am Spyders lack the natural agility associated with traditional motorcycles. It’s not a bad thing, but the driving experience is quite different. (The new Spyder F3 models aim to address some criticism, by increasing power and agility, and adding more adjustment options for comfort.)

If you are considering a big V-twin or touring bike, it would be wise to take a Victory for a test drive. Victory has not only excelled in owner satisfaction, but the company has also demonstrated reliability, which places it almost on par with major Japanese brands.

For a more diverse model selection, Honda presents itself as a safe choice, performing both in terms of owner satisfaction and reliability.

Regardless of the brand, an important idea from our over 11,000 subscribers who responded is that comfort matters. Be sure to focus on this factor when doing a test drive and, if necessary, explore the handlebar and peg numbering options to improve on the factory default setup. Many motorcycles, especially the newer models, have significant options for such adjustments.

Visit our Motorcycle Buying Guide to see our full motorcycle owner satisfaction and reliability ratings.

Jeff Bartlett


Honda becomes the best-selling motorcycle brand in Canada

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MARKHAM, Ontario – (COMMERCIAL THREAD) – Honda Motorcycle is proud to be the # 1 selling motorcycle brand in Canada. In 2014, Honda achieved almost 20% market share, with total sales of 10,930 motorcycles, more than 1,000 units ahead of its closest competitor.

“Motorcycles are at the very heart of the Honda brand. This is where our business started and we are extremely proud to have achieved the # 1 sales position in Canada, ”said Jerry Chenkin, President and CEO of Honda Canada Inc.

Honda was the best-selling brand in the Off Road Recreation, Dual Sport and Sport categories in 2014. In the fiercely competitive world of entry-level sports motorcycles, Honda also took the largest market share with the CBR500R and the MSX125 Grom in the lead.

Honda also celebrated impressive success in motorcycle racing this year. Honda riders have won both the Canadian MX Championship title as well as the Canadian Superbike Championship title. Winning both titles is an extremely rare achievement, of which Honda is extremely proud.

This marks Honda’s return to the top of sales in Canada for the first time since 2007.

About Honda Canada Moto
Honda Canada Inc. was founded in 1969 and is the sole distributor of Honda motorcycles, scooters, ATVs and side-by-side vehicles in Canada. The Motorcycle Division of Honda Canada is responsible for the sales, marketing and operational activities of these products through authorized Honda dealers. For more information on Honda motorcycles, please visit http://motorcycle.honda.ca.


POLICE: Thursday’s murder involved botched Craigslist motorcycle sale – News – Savannah Morning News

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The fatal Thursday morning shooting of a man at Berwick Plantation was the result of a botched sale of a motorcycle advertised on Craigslist, Savannah-Chatham police said today.

Investigators believe Thai Lam, 26, was trying to sell his Yamaha Ninja and advertised it on Craigslist. And an acquaintance of Lam said someone needs to take a look at the Yamaha at his Berwick home on Heritage Way, said Gena Moore, spokesman for the Metro Police.

At around 11:30 a.m., gunshots rang out in the normally quiet West Chatham neighborhood and Brandon Kent, 26, was seen leaving Berwick on Lam’s motorbike just as police arrived. Meanwhile, Lam was rushed to Memorial University Medical Center where he was pronounced dead.

Kent led the metro police in a chase south on Ogeechee Road to Ga. 204. At one point, a pickup truck not involved in the chase collided with one of the police cars, Moore said.

Subway officers watched the motorcycle arrive at an apartment complex in the Georgetown area and deployed a tactic called perimeter, which allows them to monitor all traffic entering and exiting the area, Moore said.

An officer spotted Kent in a black sport utility vehicle and was taken into custody, she said.

Kent has been charged with murder and this afternoon was in Chatham County Jail awaiting a preliminary hearing.


The most exotic January motorcycle sale in the world …

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Forget about discounted M&S underwear and cheap microwaves, check out these awesome specials about to be unloaded by the world’s best custom motorcycle builders.

Roger Goldammer’s superb Nortorious supercharged cafe racer and experimental two-stroke 250 broke the monotonous, endless stream of American v-twin choppers using engines you never dreamed of.

The Nortorious used half of a Harley-style air-cooled twin to create a 965cc single. Just to make the single engine more interesting, a supercharger was put on the cylinder to give the bike 80 hp. The mental motor was then adapted to a frame design based on a 50 year old Norton, with drum brakes!

The Experimental is an earlier Goldammer project and uses fewer unique pieces, but the result was just as exceptional. A modified Honda CR250R frame contains a BRC two-stroke double parallel kart engine. The geometry is long and low, with a minimalist and unique bodywork. The finished bike was then timed at the Bonneville Salt Flats, reaching an impressive speed of 128 mph!

Roger Goldammer told MCN: “I am selling them because, well, I have in my possession all the bikes that I have built in the last five years… and too many invoices! “
Nortorious is on sale for £ 80,000 and Experimental is on sale for an asking price of £ 73,438.

Contact: 001 250 764 8002