Last week, I was ready to start polishing the obituary for MV Agusta – the Italian company seemingly in an impossibly terminal state.
Italy’s Guardia di Finanza had found that the Italian company had been using the social security contributions of its workers to pay down the money owed to parts suppliers (something MV Agusta disputes is the case), and earlier this year MV Agusta CEO Giovanni Castiglioni was investigated for irregularities on his tax return.
All of this is on top of the ever precarious financial situation MV Agusta has been in for the past year, which has resulted in the company looking to restructure its €50 million debt in the Italian court system, furlough a good portion of its workforce, and reduce its production volume to roughly 9,000 units per year.
Now it seems MV Agusta’s fortunes are changing, with the Italian motorcycle maker signing an agreement with the Black Ocean investment group to recapitalize MV Agusta.
Details of the pending transaction haven’t been released, but we can assume that the increase in capital will help ease MV Agusta’s relationship with suppliers, get workers back on the assembly line, and continue the development of new models.
I don’t really get the people who obsess about riding a Ural – a Russian knock-off of a German sidecar just doesn’t strike me as an enjoyable time on a motorcycle.
Of course, my saddle time on a Ural has been relegated to around-town and highway riding, which isn’t really the Ural’s domain of choice. These Cossack bikes really shine off-road, where their funky WWII-era 2WD design becomes an asset, not a hinderance.
Add to the fact that Urals are bone-simple to work on — owning a Ural means you will be wrenching on it, a lot, by the way — and you’ve got a motorcycle that’s well-suited to the rough-and-tumble lifestyle of where the road ends…especially when the road ends in a river.
Attempting to ford the river, Oregon Trail style, these Ural owners are experiencing all that the Russian marque has to offer. Seeing is believing, after the jump.
The World Superbike calendar has been reduced to 13 events. The Russian round of WSBK, scheduled to be held at the Moscow Raceway on July 5th has been canceled, after the event organizer, YMS Promotion, failed to provide the contract guarantees required by the contract.
As a further consequence, the Yakhnich Motorsport Team have also lost their slot on the 2015 World Supersport grid, which was tied in with the Russian round.
The cancellation of the Russian round did not come as a surprise. The Russian WSBK round is a legacy of the last years of Infront running the series.
The FIM have finally released the provisional calendar for the World Superbike series for next year. The 2015 season will see WSBK travel to 14 rounds, returning to all of the venues which hosted races in 2014, and two more overseas rounds added, in Russia and Thailand.
The chances of this being the definitive calendar appears to be slim, however. Three rounds are marked as still subject to contract: Portimao, Moscow, and Qatar. Both Portimao and Qatar look likely to go ahead, but whether WSBK will actually return to Moscow remains to be seen.
The 2014 round was canceled due to the political instability in the Russian Federation and the overflow of conflict in Ukraine, which affected various partners of the series. The political situation has only deteriorated since then, with the EU and US imposing sanctions on Russia, making the race there almost impossible.
The teams and riders will be hoping for the round to be canceled: the race was a logistical nightmare to get equipment to and from, and for both the fans and riders to attend and find accommodation for.
The upside to having rampant insurance fraud with motor vehicles is the increased use of dashboard cameras, at least that’s our selfish take on the situation currently in Russia. If that’s truly the case, then the crowning achievement of that philosophy is surely the following video.
Going far too fast for the flow of traffic, our protagonist finds himself quickly cut-off by a car that is changing lanes. What happens next is entirely predictable, yet incredibly not. We don’t want to give it away, just watch it after the jump…no pun intended. Thanks for the tip Taco Ben!
Bad news from the World Superbike Championship paddock, as the Russian round, which was scheduled to be held at Moscow Raceway on September 21st 2014, has been cancelled because of concerns stemming from the Russian/Ukrainian situation along the Crimean peninsula.
Promoters DWO and YMS Promotion declared that, “the current political situation affects the capabilities of a number of key partner companies essential to run the event. Parties regret the decision, but are confident that the strong partnership between DWO and YMS Promotion will prevail.”
Proud of the opportunity to host the 2014 Winter Olympics in Sochi, Russia showed its accomplishments to the world during the opening ceremony on Friday by showing off its culture, traditions, and highlights of its post-World War II industrial economy.
As part of those highlights, a procession of twenty bright red Ural sidecars rolled across the ice at Fisht Olympic Stadium, as three billion people looked on via television.
It’s with our deepest regret that Asphalt & Rubber reports the passing of Team Goeleven Kawasaki Rider Andrea Antonelli, who was involved in a serious accident during the opening lap of today’s World Supersport race.
Crashing on the straight between Turns 14 & 15 at the Moscow Raceway, Antonelli then collided with another machine, and as a result, suffered a fatal cranium base fracture.
The race was red flagged, and Antonelli was immediately taken to an ambulance where the medical staff worked to resuscitate him. Despite their efforts, Andrea sadly succumbed to his injuries at 2:10pm local time.
With the World Superbike paddock mourning the loss of the 25-year-old from Castiglione del Lago in Italy, the day’s remaining races and events have been cancelled. A&R‘s best thoughts are with his friends and family.
Tom Sykes may be having a tough time of things on the track in Moscow this weekend with WSBK, but off the track with Kawasaki Racing, the Brit has some good news. Signing up for another year with Team Green, Tom Sykes has his 2014 racing plans sorted out, and can get back to overcoming his 0.5 point let-down on last year’s World Superbike Championship.
Soon to make it five years in a row with Kawasaki Racing, Sykes currently leads the 2013 FIM Superbike World Championship by six points, though he will start Sunday’s races in the 9th grid position, after falling during the third round of the Superpole qualifying event.
Kawasaki says that with the rule changes coming down from Dorna, it was important for the team to shore up its lead rider. We think they made a fine choice, though the move may mean the offer is off the table for Nicky Hayden, as the American looks for a home outside of Ducati Corse’s MotoGP campaign. There has been no word on a contract for Loris Baz though.