Report: Apple Looking at Acquiring Lit Motors

I had to check the A&R archives to see if we have even mentioned Lit Motors before, mostly because the the San Francisco startup has been slow to develop its self-balancing motorcycle, and I’m not terribly bullish on the project. That doesn’t mean the concept is without merit though, and its apparently caught the interest of Apple. If that sounds strange to you, then you need to understand that Apple, along with a bevy of other tech giants, is working on an autonomous car for the masses. This “Project Titan” as it’s called, has already seen Apple poach a couple of Lit Motors’ personnel, and now the most valuable company in the world is looking at acquiring Lit Motors, and/or other automotive entities, according to the New York Times.

WSBK: Milwaukee SMR Switching to Aprilia for 2017+

Aprilia have finally confirmed that they will be providing factory backing for the Milwaukee SMR squad in WorldSBK for the 2017 and 2018 seasons. It had been an open secret for months that the Milwaukee team were looking to make a switch to Aprilia, and they had signed Eugene Laverty and Lorenzo Savadori to contest the championship for them. But, it took a long time for the official confirmation to come through. One of the key factors in the choice, for both Laverty and Milwaukee SMR, was to have strong factory support from Aprilia for the 2017 season. The Aprilia RSV4 RF is still widely viewed as the best package on the WorldSBK grid inside the paddock, subject to the condition that the team running the bike has support from the Noale factory.

Is This the Year of the Monkey, The Honda Monkey?

If you read as many motorcycle news sites as I do, then you surely know that Honda is almost definitely probably maybe debuting a new “monkey bike” in the near future. The source of this news is Honda’s recent application for design patents in the European and Japanese markets. Intellectual property filings are a great way of seeing what a motorcycle OEM is up to, but as our colleagues at Motorcycle.com correctly pointed out, they can also be a great source of red herrings. Fortunately or unfortunately, it’s easy to jump to conclusions when one sees a filing that exactly mimics a show bike or concept, as we’ve seen this week with the Grom-powered Honda Monkey.

A Baby Version of the Ducati Multistrada Cometh?

The above photo was sent to the Italian website Moto.it by one of its readers, and it is supposedly a photo of an upcoming new version of the Ducati Multistrada, which is physically smaller than the current 1200cc model. Presumably, this would make the machine in question then the Ducati Multistrada 939, thus adding to the Euro4 compliant engine’s call to action for the 2017 model year. We say this all hypothetically however, because it is hard to verify anything from this photo…beyond the very obvious double-sided swingarm setup. What we do know is that the photographed motorcycle shares a chassis with the current Multistrada models, with both the cast and trellis pieces of the frame matching the Multistrada 1200 models, and not the Hypermotard 939.

Two New Ducati Scramblers Spotted in CARB Docs?

More new model news, as filings with the California Air Resources Board (CARB) suggest that we will see two new Scrambler models debuting, later this year. We come to this conclusion because emissions papers from CARB state that “Scrambler CR” and “Scrambler DS” models are coming from Ducati for 2017, in addition to the models we already have from the Italian manufacturer. The two-letter designations imply that we are likely to see a café racer (CR) version of the Ducati Scrambler, as well as a dual-sport (DS) version of the machine, which we have already seen in spy photos. This news isn’t surprising, since Ducati has made no secret about its desire to expand the Scrambler lineup.

New Four-Cylinder MV Agusta Brutale Debuting at EICMA

You know the new-bike season is just around the corner, because we’re starting to get glimpses of what the motorcycle OEMs will debut at shows like INTERMOT and EICMA. We’ve already had a glimpse of the 2017 Honda CBR1000RR, as well as the 2017 BMW S1000R, and if the folks at Italian motorcycle magazine Motociclismo are correct, the following is a concept sketch of the four-cylinder 2017 MV Agusta Brutale. The new Brutale is one of two new bikes that MV Agusta will launch at the EICMA show, with the other machine pegged as a special edition three-cylinder model. To be up front, we don’t expect anything too crazy from MV Agusta for the 2017 model year, with the Italian company still limited in options by its financial situation.

Spotted: The Subtly Changed 2017 BMW S1000R

Thanks to our loyal readers, we were pointed in the direction of some photos of what looks like a pre-production version of the upcoming 2017 BMW S1000R streetfighter (one of the machines we tipped for an update this coming model year). It appears that the new BMW S1000R is going to get a bevy of changes already found on the current BMW S1000RR superbike, both visually and mechanically. Caught at the Oschersleben track in Germany, we can’t imagine how many people walked by this parked motorcycle, without realizing what it was. We can’t blame them though, because the updates coming to the 2017 BMW S1000R are subtle, and you’d really have to know what you’re looking at, in order to see the changes.

More of the Sexiness That Is the KTM Moto2 Race Bike

KTM’s Moto2 project officially debuted today, with Aki Ajo managing the team that will consist of riders Brad Binder and Miguel Oliveira. Like KTM’s MotoGP project, with the KTM RC16 race bike, the Moto2 project uses some intriguing elements. Namely, the frame is of a steel trellis design, the suspension is provided for by WP, and of course the engine is a lightly tuned Honda CBR600RR lump. If looks could win races, the WP KTM Moto2 machine would already be a contender. That being said, we have high expectations for the racing program in next year’s Moto2 Championship. Until then tough, we’ll let you drool over the high-resolution images we have waiting for you, after the jump.

Hi, Are You the 2017 Honda CBR1000RR?

If you were hoping that the 2017 Honda CBR1000RR would be a completely new machine for sport bike enthusiasts, the following might disappoint you. This is because photos published on Twitter seem to suggest that the 2017 Honda Fireblade will get mostly cosmetic changes for the upcoming model year. As you can see after the jump, what looks like the new CBR1000RR was caught lapping for what appears to be a PR video spot for the Japanese OEM. While it is clear from these shots that the pictured Honda CBR1000RR has a radically new fairing design, a closer comparison to the chassis (see above) suggests that the machine is simply the current generation machine, with new clothing.

Official: KTM Enters Moto2 with Binder and Oliveira

KTM is to enter the Moto2 class. The Ajo team is to expand its current Moto2 operation to two riders, with Brad Binder and Miguel Oliveira (not Tom Lüthi, as we had previously reported) taking the place of the departing Johann Zarco. The team is also to switch from Kalex to KTM, as part of KTM’s project to provide a career path for young riders from the FIM CEV Moto3 championship through all three Grand Prix classes to MotoGP. The names of the riders involved should come as no surprise. Brad Binder is a race or two away at most from becoming the 2016 Moto3 world champion, and Miguel Oliveira came very close to winning the Moto3 title in 2015, as Binder’s teammate in the Red Bull KTM Ajo Moto3 team. Both riders are highly rated both by KTM and by team boss Aki Ajo.

MotoGP Will Be Broadcasted in HD – 3D to Follow?

03/24/2010 @ 4:20 pm, by Jensen Beeler8 COMMENTS

Dorna Sports has announced that this year’s MotoGP season will be shot in HD and broadcasted in high definition where available. After suffering through years of regular definition coverage that was often grainy and poorly saturated (there’s a reason MotoGP bikes have bright colors), race fans will hopefully be able to see their favorite riders lap the track in more clarity. Bonus for us American viewers, SPEED Channel has agreed to carry the races on its HD channel.

How to Save Harley-Davidson – Step 1: Redefine and Reposition The Way You Market Your Brand

03/08/2010 @ 6:50 am, by Jensen Beeler112 COMMENTS

Blasphemy, heresy, stupidity, sacrilege, un-American, and downright irreverence. Go ahead, get all those words out of your system. I’ll wait.

The default opinion of marketers, analysts, and the general population is that Harley-Davidson has one of the strongest brands in the United States, this being confirmed by the fact that every business student in America has studied Harley’s marketing efforts if they’ve ever taken a brand management course. So why would I start a three-part series on how to fix Harley-Davidson by arguing to change one of the most revered marketing houses in the motorcycle industry?

Giving credit where credit is due, Harley-Davidson, or I should say its admirers in business school academia, wrote the book on demand generation marketing geared towards the baby-boomer generation. However, in defending this market position, Harley-Davidson has painted itself into a corner by only engaging a very small segment of the population with its product. Unless they redefine and reposition their company image and who it resonates with, Harley-Davidson is going to watch the continued erosion of its footing in the motorcycle industry, and also the continued deterioration of its only industry leading quality: its brand.

Harley-Davidson Saves York, Pennsylvania Plant

12/05/2009 @ 11:12 am, by Jensen Beeler3 COMMENTS

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Harley-Davidson announced this week that it was able to come to an agreement with its York, Pennsylvania plant employees and union members, thus allowing the plant to remain open and producing motorcycles. The move wasn’t easy though as half of the plant’s employees will lose their jobs in order to keep the Shield & Bar in the Springettsbury Township area.

An Easy Decision: Harley-Davidson Circles the Wagons Around Milwaukee

10/16/2009 @ 9:01 am, by Jensen Beeler7 COMMENTS

What do you do when the financial arm of your company goes from making $100 million a year to losing $100 million a year? Why you kill off two other brands in your company of course. That is the move the Keith Wandell and the Harley-Davidson board of directors made yesterday with their announcement of shutting down Buell, and selling off MV Agusta. Realizing that the Harley-Davidson brand accounts for the majority of Harley-Davidson Inc.’s income, Harley-Davidson executives saw there being little choice but to sacrifice its other two holdings to save their namesake.

Harley-Davidson RIFs Another 1,000 Employees

07/16/2009 @ 5:46 pm, by Jensen Beeler1 COMMENT

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With its second quarter sales dropping 35%, Harley-Davidson is going to be trimming its ranks in order to stay afloat. The Milwaukee based company will inject 700 hourly-wage workers, and 300 salaried workers into the ranks of the unemployed, with possibly more joining them in the future. These reductions come after Harley-Davidson earlier this year announced it was eliminating 1,400-1,500 hourly production positions in 2009-2010 along with 300 salary positions.

Harley Davidson Makes First Influences on How MV Agusta is Run

05/14/2009 @ 10:40 am, by Jensen Beeler1 COMMENT

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Things have been quiet on the Italian front after Harley-Davidson acquired premium sportbike manufacturer MV Agusta last year, with the American company apparently leaving the brand alone for a while after its purchase. The company we love to hate from Milwaukee has finally started to make some changes in the old Italian brand, drawing a clear line between what product lines will focus on a premium road bike experience for the rider, and what products will be developed for track day weaponry for the weekend warrior.

Tough Times Ahead for Harley-Davidson as Riders Get Older

03/26/2009 @ 1:31 pm, by Jensen Beeler5 COMMENTS

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The New York Times ran a great article this week about the challenges facing Harley-Davidson, both from the current economic depression, and more generally as the quintessential Harley rider gets older in age. In summation, Harley-Davidson dealers around the US and overseas are seeing sales drop dramatically as people scale back their expensive purchases, and as the access to credit becomes increasingly difficult. There’s no real surprise there, and any hardcore fan will be quick to tell you that Harley will be back on top once this financial turmoil is over. However, looking farther down the road at Harley-Davidson’s long-term business position, there is additional trouble brewing as well. Baby-boomers account for the majority of Harley sales, and they are getting older. The NY times ends there with its commentary, but we think there’s more to the story on Harley-Davidson and the American bike market in general. 

 

Warren Buffett Invests $300MM in Harley-Davidson

02/04/2009 @ 12:43 pm, by Jensen BeelerComments Off on Warren Buffett Invests $300MM in Harley-Davidson

Harley-Davidson has announced that Warren Buffett’s Berkshire Hathaway group will invest $300 million in the motorcycle maker through a purchasee of senior unsecured notes that will mature in 2014. These funds match a similar investment by Davis Selected Advisers, L.P., which is already the largest shareholder of the company’s stock. Harley-Davidson will use the money to bolster its lending services, hopefully making it easier for the troubled motorcycle maker to lend cash to consumers. In exchange, Berkshire Hathaway will reportedly receive a lucrative 15% annual interest rate on the cash infusion.

The markets have responded to the news rather favorably, with Harley shares hitting $13.56 in trading yesterday afternoon – a 14% increase from where they started yesterday. Just about a week ago, Harley-Davidson announced a plan to shed 10% of its workforce. This move marks the first time that Buffett has ever invested in the company.

Harley-Davidson Stock Shares Tumble

01/13/2009 @ 11:11 am, by Jensen BeelerComments Off on Harley-Davidson Stock Shares Tumble

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Harley-Davidson (HOG) shares dropped 12% Monday as financial analysts grew bearish over motorcycle purchases in 2009. Sparking the plummet, Goldman Sachs downgraded Harley’s shares to sell, lowered its target price to $11, and cut its 2009 profit outlook by 50%. Goldman analyst Patrick Archambault said he expects Harley’s retail bike sales to fall by 30% this year, making it the worst year for new registrations since 1982.

Part of the reason for the downgrade is becauset Harley-Davidson CEO, James Ziemer, said last month that he plans to retire from his 40 years of service with Harley in 2009, and on Thursday last week, Sy Naqvi stepped down as interim president Harley’s finance unit.

Another concern has been Harley-Davidson’s financial services division. The division is expected to make less revenue in 2009 off of sales, lose more money on delinquent loans, and be stuck with loan obligations because of a frozen LBO and secondary loan markets.

Source: Visordown

Harley-Davidson Guarantees the Value of Newly-Bought Sportsters Upon Trade-in

12/26/2008 @ 10:12 pm, by Jensen BeelerComments Off on Harley-Davidson Guarantees the Value of Newly-Bought Sportsters Upon Trade-in

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Harley-Davidson is getting creative with selling motorcycles, and we here at Asphalt & Rubber like it. HD must really want to capitalize on those sales, as it’s just announced a unique incentive to purchase a new Sportster, or alternatively to trade in your recently purchased model. 

All new 2008 and 2008 Sportsters, bought between December 26, 2008 and March 31, 2009, will be sold with a guarantee that Harley-Davidson will offer the full MSRP of the bike when traded in for a larger bike, within on year of the original purchase. The offer does not apply to the new XR1200, and the bike bought after the trade-in must be a Dyna, Softail, VRSC, or Touring model. 

Economically, this is an interesting deal. Harley-Davidsons, unlike most other marquees, generally appreciate in value over-time. This is mostly a function of long-waiting lists, and difficulty of purchasing abroad. Regardless, its a bonus point for buying the Milwaukee brand. The Sportster line, being at the bottom of the Harley totem pole, is the most susceptible to having this trend end with the economic crisis. This promotion, effectively squashes that possibility for the time being. Anyways, for the average consumer, revile in the fact that an otherwise depreciating object will hold its value for the next year minus the rate of inflation, and in the event of deflation in the value of the dollar, will actually be a decent investment. Booyaca!

Source: Harley-Davidson via Autoblog