Skully Investors Oust Founders, Marcus & Mitch Weller

TechCrunch is reporting, and our sources have confirmed, that the investors behind the Skully AR-1 helmet have ousted one of the company’s founders, Marcus Weller, along with his brother Mitch Weller. For those who don’t know, Marcus Weller was Skully’s CEO, while Mitch Weller served as the company’s Chief of Staff. The departure of the Weller brothers comes after Skully continually missed its delivery deadlines with its first product, the Skully AR-1, which is a helmet with an integrated rear-facing camera, small computer system, and heads-up-display oculus. Hopefully this means that Skully will finally get on the right path and begin delivery helmets to its plethora of early backers. We are not holding our breath, however.

2017 Montesa Cota 4RT260 Gets “BNG” – Still Awesome

Normally, we would roast a brand for bringing a “bold new graphics” model to market, but in the case of the 2017 Montesa Cota 4RT260, we will give the Spanish firm a pass…purely because we think trials riding is AWESOME. So, yup…for the 2017 model year, Montessa is brining basically the same machine to market, with the big changes being the red, white, and blue HRC-inspired color scheme, along with the chromed fork tubes that have black-painted lowers. If it counts as a technical change, the kickstarter lever has been made longer than on what is found on the 2016 model, and of course there is a “race replica” version, which drips in carbon fiber, Showa suspension pieces, and has the traditional Repsol livery.

Bottpower BOTT XR1R – The Street Tracker You Deserve

The Bottpower BOTT XR1R is the bike that Harley-Davidson should be building right now, and it’s the kind of machine that actually would have benefitted from Buell’s “innovations” for street bikes. With 150hp and a target weight of 150kg, the BOTT XR1R should be plenty of fun on tight circuits, but still powerful enough for longer courses. And then of course, once you’re done flogging the XR1R for the day, you will still want to spend a couple hours drooling over its titanium frame, carbon fiber bodyworks, and modern-day electronics. We have always been a fan of Bottpower’s work, but it still feels strange to say that the Spanish builder has created the bike that America has been dreaming of for the past decade or more.

Ducati 1299 Panigale S Anniversario – Celebrating 90 Years

Ducati is celebrating its 90th anniversary this year, with the culmination of that celebration happening at World Ducati Week. As we previewed already, Ducati would give a sneak peak of a new model at the event, and debut a limited edition machine as well. Well, we have had more than a sneak peak of the upcoming Ducati Supersport model, and now we get the full monty of the Ducati 1299 Panigale S Anniversario – a special superbike that commemorates 90 years of Ducati motorcycles. Only 500 machines will get the Ducati 1299 Panigale S Anniversario’s limited edition paint job, gold-colored metal pieces, and bevy of technical upgrades. One interesting new feature though is the debut of the EVO version of the Ducati Traction Control (DTC) and Ducati Wheelie Control (DWC) systems.

Some Details on the New Ducati Supersport

You may have already seen the leaked photo from World Ducati Week, which shows that the Ducati Supersport is making a return to Bologna’s lineup. We haven’t seen the “Supersport” sport-touring line in almost a decade, but it will be making a return for the 2017 model year, with two bikes. Since yours truly is at World Ducati Week this year, I was able to get a peak at the Supersport, and can share with you some details on the machine. The Ducati Supersport has a rich history as a sport-tourer; back when that segment actually existed, and was distinct from being just a superbike for the road. This model seems very much a return to that past.

Ducati SuperSport S Spotted at World Ducati Week

Of the many attractions at the Misano World Circuit Marco Simoncelli, Ducati is giving enthusiasts a chance to preview a new bike that will officially debut at the EICMA show in Milan (in addition to the two machines that will unveil tomorrow). The affair is a strictly managed, no cellphones allowed, sort of sneak peak at the new machine – thus, it comes as no surprise that some fan has snapped a photo of the secret bike on a hidden phone. In case you were wondering, this is why we can’t have nice things. You can’t put the cat back in the bag though, so get ready folks because we have good news: the Ducati SuperSport is coming back! As you can see in the photo, the machine in question is called the Ducati Supersport S, an homage to the bikes of the same name that came almost 40 years before it.

The Bullshit Argument That It’s Time to Say Goodbye to the Honda CBR600RR and Other Supersport Machines

British magazines MCN dropped a bombshell on the motorcycle world today, reporting that Honda was set to discontinue the Honda CBR600RR, with no supersport replacement in sight. According to their reports, the main impetus for the Honda CBR600RR being discontinued is the Euro 4 emission standards, which the Honda CBR600RR does not meet. Honda feels too that the demand for a 600cc sport bike is too low to warrant updating the CBR600RR to meet Euro 4 regulations, let alone building an all-new machine for the market that would be Euro 4 compliant.

KTM Is Working on an 800cc Parallel-Twin ADV Bike

“If your quarry goes to ground, leave no ground to go to” seems to be KTM’s marching orders right now, as the Austrian brand is pushing into seemingly every segment and market with its motorcycle lineup. KTM already has a robust off-road lineup, which they have used to launch themselves into the ADV category with great success. As such, the KTM 1190 Adventure series already sees strong sales success with adventure-touring riders, but KTM isn’t resting on those laurels. Set to debut a 800cc parallel-twin platform later this year, KTM CEO Stefan Pierer has revealed, while talking to MCN, that his company will soon have a rival for the Honda Africa Twin.

XTR Pepo’s “Siluro” Custom Ducati Monster 1200

It has been a while since we showed you one of XTR Pepo’s custom works, so please forgive our sins. To make it up to you though, we have the Siluro, a custom Ducati Monster 1200 that Ducati Spain commissioned from the Spanish bike builder. If I’m honest, Ducati’s Monster line has really never struck a chord with me, but there is something about the Siluro that’s got me more than a little twitterpated. Perhaps it is the high-mount, scrambler-styled Termignoni exhaust, or maybe it is Pepo’s signature “RAD” seat, that has adorned so many custom Ducati’s before this one, but is now wrapped in suede. Whatever it is, it’s working.

MotoGP Bans Winglets from 2017 Season Onward

Winglets are to be banned in all three MotoGP classes from 2017 onwards. At Assen, the Grand Prix Commission met and decided on an outright ban on aerodynamic wings, after the MSMA had failed to reach an agreement among all manufacturers on a joint proposal. There has been much discussion of winglets over the past few months, as they have taken on an ever greater importance. With the introduction of the common ECU software, winglets were one way of reducing the amount of wheelie MotoGP bikes had. But as the factories – and especially Ducati – gained more experience with winglets, the winglets grew larger, raising safety concerns over the effect of an impact during a crash.

Harley-Davidson Takeover Rumors Spur Wall Street, Again

07/07/2016 @ 9:59 am, by Jensen Beeler3 COMMENTS

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If you believed the reports from the financial sector, Harley-Davidson is a prime candidate right now for a hostile takeover by Kohlberg Kravis Roberts (KKR), a global private equity firm.

The news sent shockwaves through Wall Street, with Harley-Davidson’s stock gaining 20% in value in a single day, as investors tried to capitalize on the news.

You are just hearing about this news on Asphalt & Rubber though for two reasons, 1) I’ve been on either a motorcycle, plane, trolley, or car for the past few days (just getting back from Italy), and 2) we have seen this all this before, and it wasn’t pretty.

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.