Guy Martin Racing A Mugen Electric Bike at Isle of Man TT

Guy Martin’s return to the road racing at the Isle of Man TT continues to draw big headlines, and while we already know that the Lincolnshire man would partner with John McGuinness on the factory Honda Racing team of this year’s TT, that’s not all. Today, we learn that Guy Martin will partner with John McGuinness on another team as well, and he will once again take the seat on an electric bike for the TT Zero class in the process. As such, Martin has been confirmed as Team Mugen’s second rider, replacing Bruce Anstey in the squad. Both McGuinness and Martin will race on the new Mugen Shinden Roku electric superbike – the sixth iteration of the Japanese outfits TT Zero racer – and they will be looking to break the 120 mph barrier for electric motorcycles at the Isle of Man TT.

What the Sepang MotoGP Test Tells Us About Race Pace

What conclusions can we draw from the first MotoGP test of 2017 at Sepang? Well, it’s the first test of 2017, and the factories still have the best part of two months to refine their bikes before the season starts in earnest in Qatar. Any conclusions we draw are at risk of crashing headlong into reality at the end of March. But with all that data from the test available, it is hard to resist the temptation to dive into it and read the tea leaves. To make some sense of the timesheets from Sepang, I examined the lap times of the fastest thirteen riders at the end of Wednesday. The reason for selecting Wednesday was simple: as it was the last day of the test, the riders were all fully up to speed, and the teams were putting together the lessons they had learned on the first two days.

Piaggio Gita, An Autonomous Two-Wheeler for the Future

When you think of the Piaggio Group, in terms of its two-wheeled creations, your thoughts probably conjure up images of motorcycles made by Aprilia or Moto Guzzi, or maybe a scooter with a Vespa badge on it. Surely, the Gita is not what first comes first to your mind, but it might be the most impactful idea from the Italian brand to-date. Sure, the brightly colored self-balancing rolling cylinder doesn’t seem like much of a novel creation, even with its ability to follow its owner, or autonomously navigate a prescribed route. But then again, you have probably been carrying stuff around in our arms, or on your back, like a big sucker.

2018 KTM 790 Duke Spotted in the Wild

We know that we can expect a finalized version of the KTM 790 Duke at this year’s EICMA show in Milan, so it shouldn’t be surprising to hear that the streetfighter model has been caught testing by spy photographers. The bike’s parallel-twin engine can clearly be spotted in the pictures, tipping us to its model, and many of the lines from the prototype machine remain, as further clues. Though, noticeable differences include a new tail section design, different exhaust, as well as a headlight. The headlight is clearly derived from KTM’s new design language, and its shape mimics what we’ve seen already added to the Duke, Super Duke, and Adventure lineup. The KTM 790 Duke prototype hinted that we would see a similar face in the new hoon-machine, so no surprises there.

Ducati’s 2017 World Superbike Team Debuts

Race teams continue to debut their 2017 liveries and riders, and this time around we feature the Aruba.it Racing – Ducati Superbike squad that will race in the World Superbike Championship. Chaz Davies of course returns to the team, and this season he will be joined by Marco Melandri. The duo will be an interesting pair to watch this season, with Davies holding onto his impressive form from the last-half of the 2016 season, and Melandri making his return to motorcycle racing, after sitting out last season. With 2017 to be the penultimate season for the Ducati Panigale R in the World Superbike Championship, the v-twin superbike has shown itself to be an extremely mature machine on the race track.

Imagining the 2018 Suzuki RM-Z450 Supermoto

It is a tremendous shame that the options for a road legal supermoto for are so limited, with the venerable Suzuki DR-Z400SM being the only offering in the 450cc on-road class. For virtually a decade, Suzuki has left the DR-Z basically unchanged – as it has done with many of its sport models – so we would love to see Suzuki and other manufacturers give this space more attention (a hat tip to Husqvarna for bringing the track-only FS450 to market, long with the 701 Supermoto). Although you can wake-up the DR-Z400 with a few simple modification, and there are a bevy of aftermarket kits that can punch the 398cc machine out in size, what we really want from Suzuki is a proper 450cc street supermoto – one that doesn’t stray too far from the brand’s current strong motocross offering. So, when we saw this little bit of Photoshop work by the folks at the German Suzuki dealership of DSR-Suzuki, we got a little excited.

Honda & Hitachi Join Forces on Electric Vehicle Motors

News out Japan sees Honda and Hitachi starting a joint venture that will focus on providing motors for electric vehicles. The two companies signed today what they call a “memorandum of understanding, which is the Japanese business version of getting a promise ring to start a future company together. The still unnamed joint venture will be located in Hitachinaka City in the Ibaraki Prefecture, and be initially capitalized with ¥5 billion (~$44 million). Honda Motor Co. and Hitachi Automotive Systems hope to finalize this deal by March 2017, and the new company will have subsidiaries in China and the United States – both of which will have sales and production capabilities.

US Lawmaker Introduces Bill to Close the EPA by 2018

A bill has been presented to the United States House of Representatives that would seek the closure of the Environment Protection Agency (EPA) by 2018. Proposed by Rep. Matt Gaetz (R – Florida), HB 861 will likely be a mixed bag for motorcycle enthusiasts, as it will deregulate environmental restrictions set at the federal level, leaving states to draft or adopt their own provisions, which will likely have a fracturing effect on the regulatory market for motorcycles. But, it will also mean the abolition of EPA regulations that many motorcyclists oppose, like the blending of ethanol in our fuel, and restrictions on noise, emissions, and vehicle modifications.

KTM Invests in Heads-Up Display Company NUVIZ

Heads-up display (HUD) company NUVIZ just took a strategic investment from Pierer Industrie AG, the company behind KTM, Husqvarna, WP Suspension, and others. Today’s news is quite a catch for the San Diego based technology startup, and it bodes well for NUVIZ to bring its heads-up display technology to market. As such, NUVIZ hopes to have a heads-up display unit and connected rider system available in the first half of 2017. NUVIZ has raised roughly $9 million to date, via equity and debt, and our sources tell us that KTM’s purchase into the company has contributed to the lions’s share of that amount – upwards of $5 million, along with a seat on NUVIZ’s board of directors.

Red Bull Honda World Superbike Team Debuts

In an airplane hangar in Austria, Honda’s World Superbike team unveiled its wings…that is to say, the Red Bull Honda World Superbike Team debuted in the energy drink’s Hangar-7 facility in Salzburg today. As the name implies, Red Bull will be the title sponsor for Nicky Hayden’s and Stefan Bradl’s World Superbike title bid this year, on the updated 2017 Honda CBR1000RR SP2. This is the first time that Red Bull has been a title sponsor in the WorldSBK paddock, though the energy drink company’s livery can be seen on variety of bodywork throughout motorsport. “It’s a new year with a new bike, new title partner and new teammate, so there are definitely many changes ahead and a lot of things to look forward to,” said former MotoGP Champion Nicky Hayden.

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.

April Fools: IRS Makes Helmets Tax Deductible on 2014 Return

04/01/2015 @ 7:25 am, by Jensen Beeler23 COMMENTS

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If you’ve already filed your 2014 tax return, you might want to make an addendum before April 15th, as the Internal Revenue Service (IRS) has made several last-minute exemption to the US Tax Code, one of which allows motorcyclists to claim up to $500 on a new helmet purchase as tax deductible.

The move comes about after a report by the Centers for Disease Control and Prevention released a study that suggested billions of dollars could be saved if all motorcyclists wore helmets.

Citing the efforts of groups like the  American Motorcyclist Association (AMA) whose anti-helmet political agenda has resonated the most with the same anti-tax libertarians who routinely fail to pay federal income taxes, the IRS has finally decided to fight fire with fire, and believes it has effectively found a way to bring a non-compliant tax group in line with the law.

Marco Melandri Convicted of Tax Evasion in Italy

10/26/2012 @ 10:17 pm, by David Emmett3 COMMENTS

Marco Melandri has been given a suspended jail term of one year and seven months for tax evasion by a court in his home town of Ravenna. Melandri was found guilty of trying to evade taxes during the period he lived in Derby, in the UK, the court finding that Melandri’s residence for tax purposes should have been in Ravenna, Italy, Melandri’s home town.

Melandri was a resident in the UK to take advantage of the British non-domiciled resident status, which allows wealthy non-UK citizens with large incomes from sources outside the UK to avoid paying tax on that income. Melandri was one of several riders who had elected to have their residence in Britain for precisely that reason.

Harley-Davidson Turns Down $25 Million Tax Credit

11/15/2010 @ 8:56 am, by Jensen Beeler15 COMMENTS

Two months ago when Harley-Davidson stuck an ultimatum to its union workers, the company asked for work force concessions while it threatend to move production out of its Tomahawk and Menomonee Falls. Hoping to help sway the vote and keep Harley put, the State of Wisconsin extended Harley-Davidson a $25 million tax incentive to help lure the company into keeping production at its Wisconsin facilities. While the unions eventually caved to Harley-Davidson’s will, the Bar & Shield company announced today that it will not be taking Wisconsin up on its offer for tax breaks.

Capirossi Loses Appeal – Must Pay €2 Million Fine

05/19/2010 @ 5:54 pm, by Jensen Beeler3 COMMENTS

There must have been someone going around the MotoGP paddock many years back, handing out bad financial advice to any rider they could find, because Loris Capirossi is now the second MotoGP rider (that we here at A&R can think of), that’s been slapped with an income tax evasion fine in the past few years. Capirex, like Valentino Rossi before him, has found himself on the wrong-end of the law, after losing an appeal to his charge of income tax evasion, and accordingly must pay a €2 million fine for his actions.

Rossi Sued for Outstanding Accountant’s Bill

09/17/2009 @ 11:46 am, by Jensen BeelerComments Off on Rossi Sued for Outstanding Accountant’s Bill

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UPDATE: The Italian Order of Accountants has ruled against Rossi, who now has 40 days to appeal their decision.

After settling an unpaid tax-debt with the Italian government in 2008, Valentino Rossi paid nearly €30 million in back-taxes with the help of accounting firm Cesaroni-Cappellini. The firm saved Rossi nearly €150 million, and was entitled by contract to ~1% of the MotoGP star’s savings.

Doing some quick judo-math, that’s nearly a €3 million tab (€1.7M-€2.5M to be exact) that Rossi has racked up at Cesaroni-Cappellini, and according to the firm Rossi has yet to actually pay them for their services.

Federal Stimulus Makes Motorcycle Purchases Tax Deductible

02/19/2009 @ 8:48 am, by Jensen Beeler3 COMMENTS

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The Federal stimulus package signed into law yesterday is laddened with initiatives designed to help boost our nation’s economy. None of these provisions, however, will affect the die-hard motorcyclist more than the provision, which allows motorcycle buyers to deduct the sales and excise taxes on their 2009 tax return. Yeah, you really just read that. If you buy a motorcycle under $49,500 and subject to certain restrictions, you can take the tax portion of the OTD price and subtract it from your tax statement next April 15th. How much a buyer benefits will depend on the taxes paid and their personal tax situation, but it the case of your typical sportbike, that’s still nearly a grand off your taxes.

Motorcycle dealers counting on a big boost will not find it here and would be far better served by concentrating on building their business and delivering excellent customer service.