Millions of Motorcyclists Hacked in VerticalScope Breach

If you have ever joined a motorcycle forum, you should probably change all your passwords – right now. This is because VerticalScope, a Canadian company that owns the vast majority of motorcycle web forums (among other types of sites), is reporting that its servers were breached back in February, resulting in data the of 45 million users being compromised. As our friends at Canada Moto Guide pointed out, VerticalScope isn’t the most recognized name in the motorcycle industry, but they are a major player in the space with their holdings in forum communities. Asphalt & Rubber readers will surely recognize their top web property for motorcycles though, the aptly named Motorcycle.com.

Audi Says “Ducati is NOT FOR SALE”

After much buzz and fanfare regarding the future of Volkswagen, which in-turn called into question the future of Ducati, today we finally get a glimpse into how VW is going to soldier forth from the fallout of its “Dieselgate” scandal. Instead of announcing how the company was going to restructure itself, and review its current business holdings and ventures, as was reportedly widely in financial circles, instead today saw Volkswagen strongly staking its future in electric and autonomous cars. For Ducatisti, some good news does emerge, as Ducati certainly won’t be leaving its home in the Volkswagen Group. To drive that point further, a Ducati representative confirmed to A&R the words of Audi Chairman Rupert Stadler, who said emphatically that “Ducati is NOT FOR SALE”.

California Lane-Splitting Bill Moves Forward

California just moved closer to codifying lane-splitting in its vehicle code, as California Assembly Bill 51 (AB 51) just passed the California State Senate Transportation Committee, with a 11-0 vote. This means that AB 51 now will go before the State Senate Appropriations Committee, before it can be presented to the Senate floor. For those who don’t recall AB 51, the bill aims to codify lane-splitting into the California Vehicle Code, and the bill expressly permits state actors, like the California Highway Patrol (CHP), in developing and teaching educational guidelines for safe lane-splitting. California is America’s playground for motorcyclists, namely in that The Golden State permits motorcycles to split lanes between cars.

Ducati Debuting Two New Bikes at World Ducati Week

If you’re attending this year’s World Ducati Week, then you’re in for a treat, as Ducati is set to debut two new bikes at the gathering in Misano. Details are thin at the moment, but we do know that one of the machines will be a limited-edition motorcycle that celebrates Ducati’s 90th anniversary. Meanwhile the other bike is a new model to the Ducati range, which will be shown in a “closed room” setting as a sort of sneak peak before its official launch. The latter model is rumored heavily to be a large-displacement Scrambler model, with engine sizes of 1,000cc to 1,200cc being banded about. Loyal Ducatisti will remember that the first modern Ducati Scrambler debuted at World Ducati Week in a similar fashion, so there’s some precedent for the line to continue the trend of special “preview” events.

Suzuki’s Electric “Grom Killer” Coming to Market?

When the Honda Grom debuted in 2013, the other Japanese manufacturers took note. The first copycat was Kawasaki, which earlier this year debuted the Kawasaki Z125 Pro, but we shouldn’t forget the fact that Suzuki brought out its EXTRIGGER concept at the 2013 Tokyo Motor Show, as well. Listening to our calls, the Suzuki EXTRIGGER coming to market seems to be getting more likely now, as Suzuki has filed for patents in the China, Europe, and the United States for the plucky electric machine. Just in time, to battle with the freshly updated Honda Grom. With the Honda Grom showing great sales success and the Kawasaki Z125 Pro debuting to favorable reviews, there appears to be a demand for small unassuming motorcycles in markets that are normally dominated by big-displacement machines.

Indian Motorcycle Returns to Flat Track Racing

AMA Pro Flat Track is heating up. First, it was Harley-Davidson announcing its first flat track race bike in 44 years, the Harley-Davidson XG750R. And now, we get word that Indian Motorcycle is set to compete as well, debuting today a purpose-built v-twin engine for the job. The Indian Scout FTR v-twin engine is a 750cc liquid-cooled four-valve lump that is specifically designed for flat track racing. Using a specially built chassis, Indian aims to compete in AMA Pro Flat Track, with Jared Mees serving for now as the company’s test rider. Indian says it will compete at a single 2016 event, which is still to be announced, before going after the 2017 AMA Pro Flat Track title in full. Presumably Mees will headline that effort as well, which if the case, should make Indian’s entry a very potent one.

BMW Lac Rose Concept – A Vintage-Styled ADV Bike

What you see here is an homage back to a day when men were men, and the Dakar Rally actually went to Dakar, the capital of Senegal and the western-most point of Africa. Called the BMW Lac Rose Concept, this retooled BMW R nineT is named after Lac Rose (Lake Retba to some), which is just outside of Dakar – a picturesque locale, for a photogenic motorcycle. BMW Motorrad styled the Lac Rose concept after the Dakar Rally bikes of the 1980s, which adds to the retro flare that the German brand has been channeling though its R nineT platform. If you believe the rumors, the Lac Rose could very well go into production, as a 2017 model year machine, thus adding a trifecta of throwback machines to BMW’s R nineT lineup, with the R nineT roadster and scrambler models already strong sellers.

Updates Coming for the 2017 KTM 390 Duke

One of the hottest bikes on the market since its 2013 debut, the KTM 390 Duke is seemingly set for a model refresh, with cosmetic updates and other minor technical changes coming our way. This photo above shows the 2017 KTM 390 Duke with its new headlight, and in it you can also see some of the styling changes to the fairings and fuel tank, along with the updated switchgear and dash design. Designed in Austria, but built in India, it doesn’t surprise us to see this photo leak coming from the Bajaj factory near Pune, India – where production has surely already started in anticipation for the next model year. Analyzing this photo, it is interesting to see KTM adopt a very unique split headlight setup for the 390 Duke.

Michael Dunlop Sets New TT Record: 133.962 MPH

To say that Michael Dunlop rode to an impressive win on Friday’s Senior TT, might be an understatement. While winning the Senior TT is his second TT race win for the 2016 Isle of Man TT, Dunlop’s true accomplishment can be found on the time sheets, with his record-breaking pace. A fortnight of records dropping, this year’s Senior TT was no different, and Dunlop set not only the fastest lap of the Senior TT race, but also the fastest lap of any Senior TT race ever held at the Isle of Man TT: 133.962 mph. This mark is also the fastest lap ever recorded during an Isle of Man TT race, and is the fastest outright lap ever at the Isle of Man TT. In other words, this is the new mark that all other riders will aspire to surpass in the coming years.

Harley-Davidson Going Electric Within Next Five Years

Harley-Davidson will produce an electric motorcycle for customer within the next five years, so says the company’s Senior Vice President of Global Demand Sean Cummings, while talking to the Milwaukee Business Journal. This news comes almost exactly two years after Harley-Davidson debuted the LiveWire project, a demonstration model built with help from the now kaput Mission Motors. Details beyond this statement are lean however. The real news is that Harley-Davidson has finally green-lit its electric project, and has committed itself to bringing a commercially-viable version of the LiveWire to market, with the initial work on that new model now just beginning.

Audi Says “Ducati is NOT FOR SALE”

06/16/2016 @ 3:00 pm, by Jensen Beeler11 COMMENTS

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After much buzz and fanfare regarding the future of Volkswagen, which in-turn called into question the future of Ducati, today we finally get a glimpse into how VW is going to soldier forth from the fallout of its “Dieselgate” scandal.

Instead of announcing how the company was going to restructure itself, and review its current business holdings and ventures, as was reportedly widely in financial circles, instead today saw Volkswagen strongly staking its future in electric and autonomous cars.

As the Wall Street Journal reported, this announcement failed to impress analysts investors; but for Ducatisti, some good news does emerge, as Ducati certainly won’t be leaving its home in the Volkswagen Group.

To drive that point further, a Ducati representative confirmed and conveyed to Asphalt & Rubber the words of Audi Chairman Rupert Stadler, who said emphatically that “Ducati is NOT FOR SALE” which is as straight and to the point as you can get.

More Talk of Volkswagen Unloading Ducati

06/15/2016 @ 7:13 pm, by Jensen Beeler8 COMMENTS

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It seems to come in waves, every time the news cycle picks up Volkswagen’s plight in dealing with “Dieselgate” that talk then shifts to the German powerhouse unloading its smaller holdings, one of which being Ducati Motor Holding.

This latest go-around comes courtesy of Bloomberg, which has Volkswagen CEO Matthias Mueller saying that the automaker’s current portfolio of companies and its overall corporate plan will be re-evaluated over the coming weeks and months.

Tomorrow (Thursday), Volkswagen is slated to make public what this new business plan looks like, but sources say that VW will put all its assets under review, which includes Ducati.

Could this lead to Ducati being divested from Volkswagen’s holdings? The answer is of course murky, but we would be very surprised by the news.

Polaris in the MV Agusta Acquisition Mix?

05/27/2016 @ 5:57 pm, by Jensen Beeler20 COMMENTS

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If you believe the rumors coming out of Italy, Polaris is poised to save acquire ailing motorcycle manufacturer MV Agusta.

We have documented MV Agusta’s precarious financial troubles already in great detail, and how MV Agusta CEO Giovanni Castiglioni is between a rock and a hard place with his main investor, Mercedes-AMG.

According to the Italian media, and those who repeat their words like parrots, Polaris represents an escape from MV Agusta’s difficult position with the German automobile-maker, though the reality is that nothing could be farther from the truth.

Help Support Scott Jones and Get Unique Rewards

05/10/2016 @ 3:18 pm, by Jensen Beeler7 COMMENTS

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I know a fair number of photographers whose main body of work is covering motorcycle racing, and the one tune they all sing in perfect harmony is how difficult it is to cover the expenses of traveling to races and then make some profit on top of that.

Some of these photographers do outstanding work, as many of you have seen here on the pages of Asphalt & Rubber, and yet they are trying to survive in an economy where the supply far outpaces the demand.

The demand that exists doesn’t often pay a premium price for premium work, preferring instead to get photos as cheaply as possibly.

This is understandable given that many teams and sponsors in motorcycle racing are themselves operating on shoestring budgets, with some fighting on a race-to-race basis merely to stay involved at their current level of competition. In this, they share something in common with many photographers.

One friend of A&R is the first we know of to use a crowdfunding site called Patreon to help stay involved in MotoGP. Scott Jones is bringing some pretty cool new content to his fans who support him in this way.

MV Agusta Looking to Part Ways with Mercedes-AMG

04/28/2016 @ 2:01 pm, by Jensen Beeler22 COMMENTS

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The story of MV Agusta continues with even more interesting developments, as the Italian motorcycle manufacturer seems intent on buying back its shares from Mercedes-AMG, and recapitalizing with new investors.

Talking this week to Italy’s Il Giorno, MV Agusta CEO Giovanni Castiglioni said that he is “negotiating a buy-back of shares,” though that might be a task easier said than done for the Italian CEO

This is because MV Agusta’s current financial predicament is due primarily from the company’s massive debt accumulation, which now totals over €40 million.

MotoGP: Circuit of Wales Under Threat as Welsh Government Refuses to Underwrite Project

04/07/2016 @ 7:51 am, by David Emmett1 COMMENT

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The Circuit of Wales was dealt a significant setback on Wednesday, after the Welsh Economy Minister refused to offer a 100% guarantee for the £357 million development project.

Without the guarantee, the future of the project is now uncertain, with doubts over the willingness of Aviva, a British insurance company, to continue with backing for the project.

After a long period of preparation, which included a Public Enquiry on the transfer of public lands, work was set to start on the circuit, set just outside Ebbw Vale in South Wales. Work had already started to get the site of the circuit ready to start construction.

The final piece of the puzzle had been secured several weeks ago, in the form of financial backing from Aviva. However, the Heads of The Valley Development Company had asked the Welsh Government to underwrite 100% of the investment in the project, with reports in the regional newspaper South Wales Argus suggesting that such demands had come from Aviva.

KTM Pulling Its Shares off the Public Market

03/30/2016 @ 5:09 pm, by Jensen Beeler6 COMMENTS

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News out of Austria says that KTM is gearing up to pull its shares off the public stock market. The move comes from a request by Cross Industries, which is run by Stefan Pierer and is the largest shareholder of KTM’s stock, with 51.4% of the shares.

With Indian motorcycle manufacturer Bajaj owning another 48%, this means the announcement only affects roughly 0.6% of KTM’s overall stock, which is floating around on the Third Market (Dritter Markt) of the Vienna Stock Exchange.

According to KTM’s press release on the issue, Cross will offer €122.50 per share for the outstanding stock, which will then make KTM officially a privately held company.

No, MV Agusta Hasn’t Declared Chapter 11 Bankruptcy

03/28/2016 @ 6:26 pm, by Jensen Beeler8 COMMENTS

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Despite what you may have read, MV Agusta isn’t declaring protection from creditors under Chapter 11 of the United States Code. But, we can understand the confusion.

Just so we are clear, by definition Chapter 11 bankruptcy proceedings are a figment of American law. Since MV Agusta is an Italian company, it would be fundamentally wrong to say that MV Agusta Motor S.p.A. was seeking a protection under the US Code that pertains to bankruptcy.

The branch of MV Agusta that would be able to file for Chapter 11 would be MV Agusta USA, but the US subsidiary is not embroiled in MV Agusta Motor’s financial troubles, which makes the use of the term incredibly inaccurate.

The Precarious State of MV Agusta

03/23/2016 @ 2:02 pm, by Jensen Beeler39 COMMENTS

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MV Agusta as a motorcycle company has always seemed to have feet of clay, especially when its financial future is concerned. Today is no different, as MV Agusta has announced its intentions to restructure its debt, in order to keep the company afloat.

Afloat is an interesting phrase, as the storied Italian brand has changed hands four times in the past 12 years, with two of those purchase prices being a token euro, as MV Agusta’s liabilities far outstripped the company’s assets and holdings.

Fast-forward in time and it would be easy to say that not much has changed, as MV Agusta now has €40 million in liabilities on its balance sheet, all non-essential staff have been furloughed, the production lines in Varese recently have been motionless.

While this seems like more of the same from MV Agusta, the situation is far more complex, and for once in its lifetime, it isn’t MV Agusta’s lack of sales that are to blame. In fact, it’s the opposite, as it is MV Agusta’s success in growing its motorcycles that is the cause of its current financial situation.

That might seem like a counterintuitive notion, but if you understand the relationships between chickens, eggs, and which came first, then you will understand the situation at hand here with MV Agusta.

And while this impasse isn’t a new one in the business world, it doesn’t change the fact that the future of MV Agusta is in a precarious state.

Dorna Sports Fined For Tax Evasion

03/01/2016 @ 3:36 pm, by David Emmett5 COMMENTS

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The Spanish Supreme Court has imposed multi-million dollar fines on Dorna Sports and its executives for tax offenses arising out of the sale of shares in 2003 and 2004.

The court found that Dorna CEO Carmelo Ezpeleta and COO & CFO Enrique Aldama had simulated the sale of shares in order to avoid paying income tax and to receive undeclared dividends from the shares the two men hold.

The ruling of the Division of Administrative Litigation of the Supreme Court was that Dorna Sports S.L. sold shares to a separate company owned by the same partners (including Ezpeleta and Aldama) who were selling the shares.

The share purchase was financed using debt held in part by the partners who owned the company buying the shares. Dorna claimed that this was a form of leveraged recapitalization, but the Supreme court disagreed with that assessment.

In reality, the Supreme Court ruled, Dorna and its executives were pursuing a means of receiving hidden dividends.