Kawasaki Signs Rea for Two More Years in WorldSBK

Jonathan Rea will spend another two years at the Kawasaki Racing Team garage, in the World Superbike Championship paddock, with the British rider signing a two-year contract with the factory Kawasaki team this week. The news is perhaps not a surprise to the WorldSBK loyal, but Rea’s continuance with Kawasaki was by no means a sure thing, with the now three-time World Superbike champion having several competing offers in the paddock, as well as links to rides in the MotoGP Championship. Choosing to stay at Kawasaki, and likely add more race-wins and championship titles to his record in the process, Rea continues the unstoppable force that is himself and the Kawasaki Ninja ZX-10RR.

MV Agusta Debuts Auto-Clutch Tech for Sport Bikes

The concept of an auto-clutch is nothing new, and for dirt bike riders, products like those produced by Rekluse are virtually common place. But, on the sport bike side of things, the use and adoption of this technology is still relatively young. We have seen scooters and other small-displacement machines use continuously variable transmission (CVT) technology before, and Honda is currently proudly touting its dual-clutch transmission (DCT) on several of its models, the latest being the new Honda Gold Wing, but what about the rest of the market? Today we see that MV Agusta is the first brand to strike back in this space, debuting its “Smart Clutch System” (SCS) – an automatic clutch designed with sport bikes in mind, making it an option on the marque’s MV Agusta Turismo Veloce Lusso sport-tourer.

What Everyone Missed About Ford’s Lane-Splitting Patent

If you were reading other moto-news sites this week – first of all, shame on you – then you would have noticed much noise being made about Ford Motor Company applying for a patent on detection technology for when a motorcycle is lane-splitting between cars. What you didn’t notice, along with those other publications, is that this is nothing new from Ford, as the American automobile manufacturer was already granted a patent for this technology over a year ago. Much ado about nothing? Not quite, but the story isn’t remotely close to what was being reported elsewhere. In fact, this news of Ford’s lane-splitting patent strategy is much bigger, and much more important, than what has been in the media thus far.

Harrison, On Chasing a 135 MPH Lap at the TT

On Saturday during the RST Superbike race, Dean Harrison smashed the outright Isle of Man TT lap record with a 134.432 mph lap of Mountain Course. It was the culmination of a long apprenticeship on the roads for the Bradford rider, and having claimed a second career TT victory this week, he’ll be out to impress once again during the Senior TT on Friday. Road racing is in his blood, his father Conrad is a sidecar race-winner, but for Dean the challenge has been to gain the experience to show what he can do on the 37-mile long circuit. That experience has been taking place on the roads, at home studying videos, and racing in the British Superbike Championship to understand more about what it takes to reach the limit of his Kawasaki Ninja ZX-10RR.

The Honda Super Cub Is Finally Coming Back to the USA

It has been 44 years since Honda offered the Super Cub on American soil. That is a pretty astounding thing to say, when you think about it, because the Super Cub is the best selling motorcycle in the world – with 100 million units sold, as of 2017. Needless to say, the Honda Super Cub is beyond iconic, and it is the go-to people mover in more countries than we can count. Now helping Honda fill-in a price-point hole in its motorcycle lineup, the 2019 Honda Super Cub C125 will be one of the cheapest motorcycle that Honda has to offer inside the United States, with an MSRP of $3,599. Built using the same 125cc single-cylinder fuel-injected engine that features on the Grom and Monkey bikes, the Honda Super Cub C125 features a step-through body design and clutchless semi-automatic transmission, as well as ABS as standard.

Yesssh! The Honda Monkey Is Coming to the USA

There is something about the Honda Monkey that we find adorable and appealing, as we did with the Honda Grom, of which the Monkey shares a platform (namely, its 125cc single-cylinder engine with DOHC). So needless to say, we were thrilled when we heard that Honda would bring the Monkey into production, and today we get confirmation of news we expected: the Honda Monkey will come to the USA as a 2019 model. Priced at $3,999 of the USA ($4,199 if you want ABS), the 2019 Honda Monkey will be available in October, and come in two colors: red or yellow. A retro-styled mini-bike for the masses, the Monkey is unassuming and welcoming motorcycle, which is ideal for younger and newer riders.

The Big, Fat, Comprehensive MotoGP Silly Season Update

Secrets are hard to keep in the MotoGP paddock. When it comes to contracts, usually someone around a rider or team has let something slip to a friendly journalist – more often than not, the manager of another rider who was hoping to get a particular seat, but lost out. It is not often that real bombshells drop in MotoGP. So the report by Italian sports daily La Gazzetta dello Sport that Repsol Honda were in talks to sign Jorge Lorenzo came as a huge shock. The assumptions that almost everyone in the paddock had been making – that Lorenzo would be riding a full factory Yamaha M1 in a Petronas-funded satellite team operated by the Sepang International circuit – turned out to have been nothing more than a useful smokescreen.

Here’s a First Look at the MV Agusta Moto2 Race Bike

After a substantial hiatus, MV Agusta is headed back to the Grand Prix paddock – though the Italian brand’s return isn’t into the MotoGP class. Instead, MV Agusta will take a more measured, and a more curious, entry with a Moto2 team. Set to use a 765cc Triumph three-cylinder engine in the class from 2019 onward, it is a little curious to see MV Agusta racing in the Moto2 series, but the similarities between the British engine and what MV Agusta itself produces in Italy, is perhaps close enough. While we don’t expect to see the MV Agusta Moto2 bike on the track until next month, today we get our first glimpse at what the race bike will look like. Unsurprisingly, the machine looks very much like the three-cylinder MV Agusta F3 supersport.

Well It’s Official: HRC Signs Jorge Lorenzo for MotoGP

Yesterday the shock news from the MotoGP paddock was that Dani Pedrosa was to leave the Repsol Honda team, after 18 years with HRC and Honda. Now, the news continues to astound, as HRC has confirmed that is has signed Jorge Lorenzo to a two-year contract with its MotoGP program, which will see the three-time MotoGP world champion join Marc Marquez in the factory Honda team. The terse HRC announcement confirms reports that were published yesterday, almost immediately after Dani Pedrosa’s departure from Honda was made public. A bit of a surprise to paddock pundits, who had widely tipped Lorenzo as headed to a satellite Yamaha effort, Lorenzo’s jump to Honda is certainly an interesting one.

Making the Jump From BSB to Ballagarey

Peter Hickman and Josh Brookes are two riders who have proved that short circuit riders can still make the switch to the roads. Twenty years ago the, top British short circuit riders were all racing on the roads. Whether you were an up and coming John McGuinness, or an established star like Michael Rutter, it was expected that you would join the list of short circuit racers that raced on the roads. The practice was as old as factory contracts, and it was expected that if you wanted to have the best bikes in the British championships, you would race at the North West 200 and the Isle of Man TT. That practice has slowly faded out, but in recent years the move has been made by some short circuit riders to return to the roads.

MAG Concludes Chapter 11 Proceedings

04/06/2018 @ 3:04 pm, by Jensen BeelerADD COMMENTS

The Motorsport Aftermarket Group (MAG) announced that it has successfully concluded its Chapter 11 proceedings, after the bankruptcy court accepted the company’s plan for reorganization and debt recapitalization.

As a result of the bankruptcy process, MAG is under new ownership, with creditors Monomoy Capital Partners, BlueMountain Capital, and Contrarian Partners now in control of the massive motorcycle parts, apparel, and commerce conglomerate.

For those who don’t recall, MAG entered Chapter 11 back in November 2017, with the debts of the company spreading out through the group’s many owned brands. 

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MAG Files for Chapter 11

11/16/2017 @ 1:14 am, by Jensen BeelerADD COMMENTS

The Motorsport Aftermarket Group (MAG) is not a name that motorcycle enthusiasts are usually familiar with, but the family of brands that the company owns certainly is: Performance Machine wheels, Renthal handlebars, Vance & Hines exhausts, Tucker Rocky, J&P Cycles, etc.

The network of brands has been struggling over the recent years though, and today we learn that many of them will be filing for Chapter 11 bankruptcy, while the overarching MAG Group business restructures its debt and finds new ownership.

While this is not the sexiest news story to happen in the motorcycle industry this year, it is certainly one of the most important and complicated. As such, we will try to break it down in a digestible way for you.

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Italian Court Rules Benelli into Bankruptcy

07/25/2016 @ 4:07 pm, by Jensen Beeler15 COMMENTS

Benelli-Logo

The story of Italian motorcycle companies falling into bankruptcy is not a new one, but Benelli’s version of the narrative is a strangely interesting departure from the norm. Let us explain.

Things apparently kicked off when Benelli failed to pay WP Suspension roughly €120,000 for suspension pieces. WP eventually took Benelli to court, despite the Italian company’s commitment to repay its debt.

An Italian court in Pesaro then declared Benelli bankrupt, and ordered the sum owed to be paid. Somewhere in this process, some of Benelli’s completed motorcycles were seized by a trustee, as collateral for payment.

This spurred Benelli’s Chinese owners, the Qianjiang Group, to release a statement after the court’s ruling, saying that the Italian brand is strong, and has ample cash on-hand to repay its debts (rumored to be in the €1 million range), and has already begun doing so.

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Gas Gas Enters into Liquidation

07/21/2015 @ 3:40 pm, by Jensen Beeler2 COMMENTS

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This looks like the end of the road for motorcycle manufacturer Gas Gas, as the Spanish brand entered into liquidation today, after its bankruptcy proceedings failed to find the €30 million necessary to pay the company’s creditors.

The news is timely, as today interested parties in owning Erik Buell Racing (or parts of it) will be placing their bids on the similarly wayward company.

Back in Spain though, the news is troubling for Gas Gas fans, as the company’s assets will be liquidated, with the hope of raising enough money to pay-off the company’s creditors.

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Gas Gas Files for Bankruptcy

05/21/2015 @ 12:20 pm, by Jensen BeelerADD COMMENTS

gas-gas-workers

Perhaps already a reflection on the waning popularity of the brand, but the slow-to-break news this week is that Spanish motorcycle brand Gas Gas has filed for bankruptcy.

The news comes after an earlier effort by the Spanish company to try and reconcile its debt of roughly €30 million, and to restructure its business to be more profitable.

With a last-minute deal between the shareholders falling through, Gas Gas had no choice but to file with the Spanish courts.

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Erik Buell Racing Ceases Operations

04/15/2015 @ 12:01 pm, by Jensen Beeler84 COMMENTS

News being broke by the Milwaukee Journal Sentinel says that Erik Buell Racing has ceased its operations. The East Troy company plans to also file for protection from creditors under Chapter 128 of Wisconsin’s bankruptcy code.

Under Wisconsin law, EBR will be placed into receivership (the company will be run by attorney Michael S. Polsky), and ultimately bids will be made on purchasing the bankrupt company. If no bids are made, the company’s assets will be auctioned off, with the profits going to EBR’s creditors.

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Court Approves American Suzuki’s Chapter 11 Plan

03/04/2013 @ 2:06 pm, by Jensen Beeler14 COMMENTS

2008-Suzuki-GSX-R600-stripped

From the desk of the Honorable Scott C. Clarkson of the U.S. Bankruptcy Court for the Central District of California in Santa Ana, American Suzuki Motor Corporation’s plan for Chapter 11 bankruptcy has been approved. Overwhelmingly supported by the company’s creditors, American Suzuki can begin restructuring its business operations in the United States, which will include shutting down the company’s automotive endeavors.

In turn, American Suzuki’s new business focuses on the company’s motorcycle, ATV, marine, automotive parts divisions, and will consist of a new wholy-owned subsidiary of Suzuki Motor Corporation. This new company will operate under in the United States under the new name: Suzuki Motor of America.

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Moto Morini Production Shuts Down

12/07/2009 @ 9:25 am, by Jensen Beeler1 COMMENT

UPDATE: Moto Morini has responded to other reports that the Italian company has shut its doors, and instead says its production line is at a greatly diminished capacity.

After going into receivership a few months ago, Moto Morini has found its financial stability withering away as time marches-on. With no end in sight for the company’s blight, Moto Morini has shutdown its production line, and will remain in that state until a new buyer or group of investors emerge and breath life back into the small Italian brand.

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Despite signs that the economy seems to be bottoming out, UK-based wheel manufacturer Dymag Racing UK, Ltd has entered into bankruptcy. What appears to be beyond just a mere restructuring, the company’s assets are being auctioned-off, placing doubts as to whether the manufacturer will continue making wheel products after the bankruptcy process concludes.

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Vectrix Motorcycles Files for Chapter 11 Bankruptcy

09/29/2009 @ 12:00 pm, by Jensen Beeler1 COMMENT

Vectrix-bankruptcy-chapter-11

Well, we saw it coming. Electric scooter manufacturer Vectrix Motorcycles has finally filed for Chapter 11 bankruptcy. For those that didn’t learn the intricacies of Chapter 11 filings from the recent reorganization of General Motors, Vectrix as we know it will be transfered to a new corporation (New Corp.), while the bad assets and debt of the company remain in old company (Old Corp.). In this case, New Corp. will take the form of “New Vectrix LLC” and the move will leave the brand with minimal debt obligations (at the detriment of its current creditors).

While a pretty standard announcement for a Chapter 11 filing, Vectrix isn’t out of the woods yet. This filing will give Vectrix the second chance it needs, but it does nothing to address the fundamental problems that caused the company to go bankrupt in the first place (much like GM you say??!).

Hopefully with proper management, this move will give Vectrix the second chance it needs to be successful. The Chapter 11 filing is at least a good sign for the company and creditors as a Chapter 7 filing would have meant both parties would have been S.O.L. Such is the miracle of the United States Bankruptcy Court. Press release after the jump.

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