Moto Morini’s bankruptcy has been going painfully slow, but it’s all about to come to a head, as the Italian company will be put up on the auction block April 13th. The Super-Saver Moto Morini package includes all the appropriate intellectual property, assets, and equipment (sans motorcycles, which are being sold separately) for the cool sum of €5.5 million. Should no one want the whole kit ‘n kaboodle, a cheaper price of €2.6 million will be set for the production complex with two years use included. These prices are of course the auction’s guide prices.
Yamaha recently announced that it will be closing its factory in northeastern Spain, and consolidating the production into its Saint Quintin plant in France. The move comes as a result of Yamaha feeling the pain from the dwindling global demand for motorcycles, resulting in the Spanish plant having considerable excess capacity in its production.
Located near Barcelona, Yamaha’s Spanish Palau-Solita i Plegamans facility is capable of producing 130,000 units per year, but only managed 96,000 in 2010. The plant’s closure will affect 420 jobs, and Yamaha management has already reportedly confirmed that they will be forgoing any bonuses for the first half of 2011, and will be taking a healthy pay cut (15%-30%) during the same time period.
Our friends at MotoBlog.it continue to have the inside track on the recently debuted Vyrus 986 M2 that was unveiled at the Verona Bike Show this past weekend. The Italian boutique manufacturer confirmed that it wanted to offer the Vyrus 986 M2 to teams competing in the Moto2 World Championship, and hinted that a production version could come father down the line, later revealing that we could expect to see a street bike as early as Sepetember of this year.
Now getting a chance to talk to Ascanio Rodorigo, MotoBlog.it has revealed that Vyrus 986 M2 will come in different variations, a Moto2-ready race bike (Factory), a street bike (SL Replica), and a do-it-yourself self kit (Replica Kit), which sees a rider buying just the rolling chassis and having to source their own motor. There’s a price point for everyone in this launch, as the Factory will cost €55,000, the SL Replica €25,000, and the Replica Kit rounding out things at €16,900.
Six months after US Highland lost three members of its executive team in a tragic small-plane accident, the American company has announced that it will be idling its Tulsa plant while it continues to finish its latest round of funding. Despite this news, US Highland is reportedly close to achieving its fundraising goals, and hopes to have production rolling again once the fundraising is complete.
The Southbridge Advisory Group (SAG) has been brought in to help find a new executive team for US Highland, and is also helping the motorcycle manufacturer find new investors. While any one of these goals would be a large undertaking on its own, having to contend both with raising capital and finding a new executive team is a daunting task.
Get ready to pour some peanut sauce on your spaghetti as Bologna Bullets destined for the Southeast Asian markets will soon be produced in Ducati’s newly planned factory in Thailand. Being called a “final assembly” plant, the move is similar to the one that Harley-Davidson undertook late last year, where the Bar & Shield brand setup an assembly plant in India in order to side-step the extremely high tariffs the country puts on foreign-made motorcycles. In addition to Harley-Davidson, Ducati will be joining the likes of Honda, Yamaha, KTM, and Brembo, all of whom have increased their presence in the Asian markets within the past year to capitalize on the growing economies of India, China, and Southeast Asia.
After putting Wisconsin on notice that it was shopping around for other places to build its motorcycles, Harley-Davdison has reached a tentative agreement with local labor unions that would keep the Bar and Shield brand in The Cheese State. Harley and union officials have not disclosed the terms of the deal, but both the Harley-Davidson and International Association of Machinists and Aerospace Workers are recommending approval of the deal. The terms of the deal are expected to be released next week, so union members can vote on the contract on September 13th.
As expected, Ben Spies and Yamaha have announced that the current World Superbike Champion and MotoGP rookie will move up to the factory Yamaha team (noticeably not called Fiat-Yamaha in the press release) for the 2011 season. Spies’ move to the factory squad has lovingly been referred to as the “second worst-kept secret in MotoGP,” right after Rossi’s departure from the Fiat-Yamaha team to Ducati Corse.
Hinting at his move yesterday, Spies had made good on his promise to announce something during the Indianapolis GP weekend. ”We’re delighted that Ben will join the Factory Team for next season,” said Lin Jarvis, Managing Director of Yamaha Motor Racing. “Ben has shown great promise in his first ten MotoGP races. He has learnt rapidly and recorded strong results, including a well-deserved podium finish at Silverstone – impressive for someone in their first full season.”
After getting his first offer to purchase Moto Morini rejected by the local unions, Paolo Berlusconi looks to have overcome the setback, and could finalize the purchase of the other Bologna brand by as early as next week. This news comes after provincial administrators called an emergency meeting, which resulted in some concession by Berlusconi.
At the center of the controversy is the number of workers Berlusconi will keep on at the Bologna-based plant. According to reports, this number has been increased from 20 to 26, out of total of 57 workers who worked at the plant before it entered into receivership. This concession does not come without consequences though.
Honda’s factory in Kumamoto is a high-tech enviormentally friendly facility that might just be as innovative as the new VFR1200F. Churning out a new VFR every 90 seconds, Kumamoto’s wrenches are all digitally linked, and store build information for each individual motorcycle. Did worker X have a habit of over-tightening the connecting rods? If so Honda can track exactly which bikes were affected by his/her mistake, pinpointing the problem. That’s pretty cool in our book.
Check out the video after the jump for more information about the Kumamota plant and watch the VFR1200F get put together.
After we posted yesterday that Moto Morini had shut down its production line, amid the Italian company’s financial problems, other publications began covering the company’s complete closure. This caught the folks at Moto Morini off-guard, who while on an extended day-off, insist they are still keeping the production line functioning, if admittedly at a significantly reduced capacity.