Right on heels of the news that Massimo Bordi has left MV Agusta, we get news from the Italian marque that Giorgio Girelli has been appointed the new Executive Vice President of MV Agusta Motor SpA. According to the company’s press release, Girelli’s appointment to the MV Agusta’s Board of Directors is part of three-year goal to take the motorcycle manufacturer’s stock to the public market. In case you weren’t sure, this is what a horrible idea looks like.
Using strictly the Charlie Sheen sense of the word, Zero Motorcycles is WINNING right now. Announcing today that it closed another round of financing, Zero has $17 million of a $26 million round confirmed ($9 million still outstanding). The funding continues to be lead by the Invus investment group, who have been the major financial backbone at Zero Motorcycles. A funding round of that size can only mean one thing for a motorcycle company: going into mass production. Surely enough Zero states its intended use of the funds will go towards ramping up its US-based production plans.
Out of all the electric motorcycle vehicle players, Zero has been the most active in the funding department lately, closing round after round of capital investment. With those investments we’ve already seen changes at the Santa Cruz company, with the 2011 Zero Motorcycles line-up featuring upgrade motorcycles, as well as founder Neal Saiki departing the company.
After being unable to achieve the racing regulations in World Superbike that it desires, Ducati has announced that it has officially pulled out of WSBK racing in order to focus its technical efforts on MotoGP racing, and bringing new technology to its street motorcycles. While Ducati Corse will continue to provide motorcycles and support to private teams, the Italian company will not field a factory team in the 2011 season.
Although Xerox is apparently still game to foot the bill for Ducati’s WSBK effort, the title sponsor only wishes to do so if the factory team is winning races. This goal becomes increasingly more difficult for Ducati, who is finding the current 1198 Superbike not on equal footing performance-wise with the inline-four Japanese Superbikes. Closing the performance gap for Ducati means either the simple fix of adding larger throttle bodies to the existing race package, or the expensive choice of developing the 1198 motor further.
The British GP was the first full GP weekend without The Doctor present to charm the television with his media moxie (did we mention his crash was “worth” $8 million?), and as such we get our first glimpse into what the repercussions are for MotoGP with Rossi out of commission. Checking TV viewership, MotoGP’s stop at Silverstone saw a 20% decline in total viewership when compared to the last two GP’s at Jerez and Le Mans. The result is that advertisers in some markets are asking the local stations that cover MotoGP to readjust there viewership claims and media rates to account for the loss of audience.
Loris Capirossi seemed destined to owe Dorna boss Carmelo Ezpeleta a steak dinner after the Balatonring supposedly secured funding from the Hungarian Development Bank. That bad fortune (for Hungarian MotoGP fans, not for Capirex) seems to have changed however as the loan has now been refused by the Hungarian bank, which leaves the Hungarian circuit a big question mark for the 2010 MotoGP calendar as it struggles to raise the needed $80 million. Story gets worse after the jump.
UPDATE 2: American Chopper is back as American Chopper: Senior vs. Junior.
Even with Paul Jr. and Mikey off of the show American Chopper, Paul Teutul Sr. has found a way to fight with his children, and further estrange himself from his family. Paul Sr. has filed a dispute with the Supreme Court of New York state (the State’s lowest court), which alleges that the elder Teutul has the right to purchase his son’s stock in Orange County Choppers Holdings, Inc., the company behind OCC.
The Piaggio Group has annouced that it has devised a new business plan for its subsidiary, Moto Guzzi. According to Roberto Colaninno, President of the Piaggio Group, the new business plan will ensure that Moto Guzzi releases a new line of motorcycles during the 2011-2012 model year.
Helping fuel this product line extension will be the investment of €12 million that the parent company plans to dump into Moto Guzzi’s coffers, but the money comes attached with some interesting strings from the European Investment Bank. More on this after the jump.