Indian Motorcycle has released some photos of the first 2012 Indian Chief to roll out of the company’s Spirit Lake, Iowa plant — the first motorcycle to be produced by the oldest American motorcycle company since its acquisition by Polaris. Nicknamed the “Polaris-Indian Bike #1,” the new Chief is not terribly different from the 2011 Indian Chiefs built under the old regieme, but it does symbolize the next chapter in the iconic company’s history.
According to cleantech news site NewNet News, MotoCzysz is looking to raise $10 million through a 25% stake in the company. Securing its first MotoCzysz D1g1tal Dr1ve technology order, MotoCzysz is looking to bring its drivetrain products into full production with this investment, as the company reports it is close to securing further industry collaborations.
Funded to-date primarily by high-networth individuals, MotoCzysz will surely seek venture capital investment to raise the needed $10 million. “We have not gone down the venture capital route yet and I think that has so far been of benefit to the company,” said Michael Czysz to NewNet. “We are open to venture capital investment, we would just choose our partners very carefully
Honda Motorcycle & Scooter India, Honda’s wholly-owned motorcycle Indian subsidiary, has announced its intent to essentially double its capacity in the country’s rapidly growing motorcycle market. Expanding on the company’s second plant in the Tapukara Industrial Area of Rajasthan, HMSI also plans on now building a third production facility in the Bangalore area.
Both of these plants will produce 1.2 million units each when at full capacity (the second Tapukara plant currently does 600,000 units per year), bringing HMSI’s total production capacity in India to 4 million units per year. To put things in perspective, Honda’s production levels in India are about eight times the total motorcycle market in the United States of America…for all manufacturers.
Jesse James, the man we love to hate, is back in the news today with reports that his Payupsucker Productions, Inc. has teamed-up with Circle King Networks to create El Jefe Entertainment, a motor sports enthusiasts focused production company. While James has always been regarded as a true artisan in the craft of motorcycle fabrication, his true spotlight of fame came from his media savvy in leveraging his name and creating shows like Monster Garage and Jesse James is a Dead Man.
El Jefe Entertainment’s goal is to “develop, produce and distribute exciting, authentic motor-sport based and car enthusiast entertainment,” and will be focusing with movies and products that will be available on DVD, Pay Per View, as well as direct and mobile formats.
Honda has announced that it will be restarting motorcycle production at its Kumamoto factory as of Monday, March 28th. Initially closing all its facilities in Japan after the devastation caused by the Sendai earthquake, Kumamoto will be one of Honda’s first facilities to re-open in almost two weeks’ time.
While the company’s Sayama, Saitama, and Suzuka facilities will remain closed through April 3rd, Honda will make a decision on when to restart production at those locations as that date becomes closer. Honda will continue to make decisions on its operations from this date forth, keeping a close eye on its supply chain and the good of the country as whole as the situation in Japan continues to change and evolve.
The fallout from the now upgraded 9.0 earthquake that struck Japan, which saw a massive tsunami and nuclear meltdown follow in its wake, has devastated the island nation — for which the true lasting damage will likely take years to fully assess and understand. While the international community continues to rally around Japan, offering support and resources, the resolute country is showing its unwavering calmness and preparedness as it handles an event that many are comparing to those of World War II.
Paled in comparison to the events surrounding it, the Japanese motorcycle industry has naturally been affected by the natural disaster, with Honda, Suzuki, and Yamaha releasing press releases describing what measure their business are undertaking in these changing conditions.
If you’re just starting your routine this Friday morning, you’ve likely already seen that a massive earthquake struck Japan about 230 miles offshore from Tokyo. The 8.9 magnitude earthquake is one of the top seven most powerful quakes in recorded history, and the largest to hit Japan in over 100 years. Occurring relatively close to the surface, the Sendai Earthquake, as it’s being called, triggered a tsunami, with waves as tall as 30 feet. Since the initial quake, a series of aftershocks have hit Japan as well, with many of those having a magnitude of 5.0 or greater on the Richter scale.
While Japan has more serious issues to contend with at the moment, the immediate ramifications for the motorcycle industry appear to be the now expected delays in shipping motorcycles from Japan to other countries. So far Honda has confirmed that it has shutdown production at its Saitama factory, while production at its Suzuka factory has resumed. Honda has also confirmed that one worker died and 30 others were injured when a wall collapsed in its research and development facility in Tochigi.
After unveiling the MV Agusta F3, the Italian company’s new three-cylinder supersport model, at the 2010 EICMA show with virtually no concrete specifications, MV Agusta has been quiet about its new motorcycle ever since. Expected to arrive as a 2012 model, the wait from unveiling to production has been excruciatingly long for those who fell in love with the F3’s take on Massimo Tamburini’s classic design.
Since its launch, the only progress we’ve seen is Castiglioni’s quoted target price steadily rising, so MV Agusta wants to make sure would-be buyers (and the press) remain intrigued by the model the newly liberated company is counting on for its future profitability. As such, MV Agusta has sent out a press release giving a status update on the 2012 MV Agusta F3, and the news bodes well for Italian motorcycle fans, as it suggests things are ahead of schedule in Varese.
Here’s a cool time-lapse video put together by MCN that follows the 2011 Ducati Diavel power cruiser getting built at Ducati’s Bologna factory. Ducati is currently building 40 Diavel’s per day on its rolling assembly line, but that number is set to increase by 50% in the coming weeks as the Italian company predicts strong sales in the summer months. As was seen last year with the Multistrada 1200, Ducati expects the Diavel to lead the company’s sales in 2011.
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.