The TVS Apache RR 310 Is Finally Here – Et Tu, BMW?

As expected, the TVS Apache RR 310 debuted today in India, thus ending the bike’s nearly year-long delay in coming to market. Why do we care so much about a motorcycle that will likely never set foot on US soil? Because at the heart of the TVS Apache RR 310 is BMW Motorrad’s next small-displacement motorcycle: the BMW G310RR…well that, and the TVS Apache RR 310 looks pretty tasty as a track bike. Partnering with TVS Motor, BMW Motorrad is co-developing its 313cc line of single-cylinder motorcycles with the Indian firm, with the TVS Apache RR 310 set to become the BMW G310RR in the German brand’s lineup. As such, the BMW G310RR is expected to debut later in 2018, and join the G310R and G310GS as BMW’s multi-prong approach towards newer riders.

WorldSBK Approves the Use of Winglets*

The World Superbike Championship released the latest decision from the SBK Commission today, which clarified a few rules for the 2018 season, most notably the new rev-limiter and parts cost rules, which have been discussed already at great length here on Asphalt & Rubber (Part 1, Part 2, & Part 3). There was another interesting rule change of note though, which is likely to get over-looked by the racing community, and that is the World Superbike Championship permitting the use of winglets, although there is a catch. In its rules update, the SBK Commission decreed that teams and manufacturers may fit aerodynamic components (e.g. winglets) to their superbikes so long as the winglets are fitted to the homologated motorcycle.

Crunching the Numbers: Rea vs. MotoGP vs. WorldSBK

The start of December marks the beginning of what is rapidly becoming a tradition in the world of motorcycle racing. After the Jerez test in late November, it is now “Why Is Jonathan Rea Faster Than A MotoGP Bike” season. At Jerez, Rea pushed his Kawasaki ZX-10R WorldSBK machine – down 35+ bhp and up 10+ kg – to the fourth fastest overall time of the week, ahead of eleven MotoGP regulars (including two rookies), three MotoGP test riders and Alex Márquez, who the Marc VDS team were using to train up the new crew recruited to look after Tom Luthi’s side of the garage while the Swiss rider is still injured. How is this possible? And what does this mean? Are WorldSBK machines too close to MotoGP bikes?

Kawasaki Ninja H2 SX Priced at $19,000 for the USA

Kawasaki’s newest supercharged motorcycle is also its most affordable supercharged motorcycle, with the 2018 Kawasaki Ninja H2 SX coming to the USA with an MSRP of $19,000. Even the better-equipped 2018 Kawasaki Ninja H2 SX SE is an “affordable” $22,000, when compared to the more sport-focused H2 models. Featuring a 200hp version of Kawasaki’s supercharged, four-cylinder, 998cc engine, the Ninja H2 SX is a fully faired sport-tourer, with an emphasis on the sport side of the equation. The base model comes in any color you want, so long as it’s black, while the Ninja H2 SX SE comes in the traditional Team Green color scheme of Kawasaki.

Oh Yes, The Kawasaki Ninja ZX-10R SE Is USA Bound

Good news sport bike fans, Kawasaki USA in its infinite wisdom has decided to bring the Kawasaki Ninja ZX-10R SE to the United States for the 2018 model year. Debuted at this year’s EICMA show, the Kawasaki Ninja ZX-10R SE takes the potent superbike and most notably adds Showa’s new semi-active suspension to the package. Other perks include the seven-spoke forged aluminum Marchesini wheels, found already on the Kawasaki Ninja ZX-10RR, as well as an up/down quickshifter. Like what you hear? Well brace yourself…If you want a 2018 Kawasaki Ninja ZX-10R SE in your garage, you are going to need to shell out $21,899 MSRP for it. That sticker price represents quite the premium over Team Green’s race homologation machine, the ZX-10RR, which goes for $18,899.

PJ Jacobsen Racing in WorldSBK for 2018

Patrick ‘PJ’ Jacobsen will be stepping up to the big show for the 2018 season, with today’s announcement that the American will be riding with the TripleM Honda WSBK Team. Moving off of the World Supersport grid and into the World Superbike Championship, Jacobsen will be riding the Honda CBR1000RR SP2 with the satellite Honda team effort that TripleM has put together. “I’m very excited to be making my World Superbike debut with TripleM Honda WSBK Team,” said PJ. “It’s a great opportunity for me to be finally racing in this class and I want to thank the team and Honda for making this possible. Both the team and I will be rookies in the WorldSBK championship so there’ll surely be a lot to learn, but it’s a challenge that stimulates me and I can’t wait to get started.”

Yamaha Selling Shares in Yamaha Motor to Raise Money

The Yamaha Corporation announced today that it will be selling 8 million shares of its holdings in Yamaha Motor Co., a movement of shares that will see roughly 2.3% of the voting power in the powersports company changing hands. This deal is expected to close on December 4th, and the Yamaha Corporation says that it will be selling its position to various unnamed securities companies, presumably to then be sold on the open market. At the current market price for Yamaha Motor stock, this deal should be worth close to ¥26 billion, and ¥18 billion after tax expenses have been factored. The news means that while the Yamaha Corporation will remain the single largest shareholder in Yamaha Motor Co., its ownership position as a shareholder will drop from 12.22% to 9.93%, as a result of the divestiture.

Valentino Rossi’s Winter Test Helmet Gets Mexican Flair

It is another winter testing period for the MotoGP riders, and that means that Valentino Rossi has another special “Winter Test” AGV helmet design for us. This year, The Doctor takes his inspiration from Huichol bead art, after he visited the region on a recent vacation to Mexico. As such, Rossi’s winter test AGV Pista GP R helmet features a hand-painted bead design that plays on the winter motif, with the Italian’s usual affinity for symbols. “Huichol art immediately intrigued me, because it uses many of my symbols, like the sun and moon or the turtle,” explained Valentino Rossi. “We have tried to recreate the effect of the beads that the Mexicans use to bring color and shape to these objects, but to do so with a Valentino Rossi twist.”

Jonathan Rea Talks About New WorldSBK Rules

Three years of unparalleled success has seen Jonathan Rea notch up 39 victories, 70 podiums, and 3 WorldSBK titles. To put those numbers into context, only Carl Fogarty, Troy Bayliss, and Noriyuki Haga have won more races in their WorldSBK careers. It truly has been a historic run of form for Rea and Kawasaki. For WorldSBK though the achievements have been outweighed by the reaction of fans to these results. Feeling that significant changes were needed to ensure a more competitive balance for the field, WorldSBK has introduced a wide range of new regulations to curtail the Kawasaki dominance. The goal isn’t to stop Rea and Kawasaki winning but simply to allow other manufacturers to get on an even keel.

The “Smart” Approach to Writing the WorldSBK Rulebook

Scott Smart has been tasked with writing and rewriting the rule book for Superbikes around the planet. The FIM Superbike Technical Director has been instrumental in bringing about the recent regulation changes for WorldSBK, and speaking at the season ending Qatar round he explained the philosophy behind the changes. “There’s a lot of benefits to these changes, but the biggest factor is that we want to find a way to have more exciting racing in WorldSBK,” explained Smart. “With the new regulations each team on the grid has the chance to run the same specification as the factory teams or to develop their own parts. This gives a private team the chance to have a bike with development work already having been completed by simply buying the relevant parts for their bike.”

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If you believed the reports from the financial sector, Harley-Davidson is a prime candidate right now for a hostile takeover by Kohlberg Kravis Roberts (KKR), a global private equity firm.

The news sent shockwaves through Wall Street, with Harley-Davidson’s stock gaining 20% in value in a single day, as investors tried to capitalize on the news.

You are just hearing about this news on Asphalt & Rubber though for two reasons, 1) I’ve been on either a motorcycle, plane, trolley, or car for the past few days (just getting back from Italy), and 2) we have seen this all this before, and it wasn’t pretty.

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KTM Pulling Its Shares off the Public Market

03/30/2016 @ 5:09 pm, by Jensen Beeler6 COMMENTS

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News out of Austria says that KTM is gearing up to pull its shares off the public stock market. The move comes from a request by Cross Industries, which is run by Stefan Pierer and is the largest shareholder of KTM’s stock, with 51.4% of the shares.

With Indian motorcycle manufacturer Bajaj owning another 48%, this means the announcement only affects roughly 0.6% of KTM’s overall stock, which is floating around on the Third Market (Dritter Markt) of the Vienna Stock Exchange.

According to KTM’s press release on the issue, Cross will offer €122.50 per share for the outstanding stock, which will then make KTM officially a privately held company.

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It looks like Italian electric motorcycle maker Energica has finalized the details of its initial public offering of stock on London’s AIM Italia stock market.

As such, Energica’s IPO will take place January 29th, with over 1.65 million shares being offered at €3.20 a piece, this makes Energica’s IPO worth potentially €5.3 million.

With this money, Energica hopes to become the worldwide market leader of electric motorcycles within three years.

That will be at tall order, for the Italian company, as America’s Zero Motorcycles already boasts a much larger dealer network, and proven track record of sales.

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While most consumers will say that the company’s big news at EICMA was the finalized version of the Energica Eva electric streetfighter, it is really Energica’s aim to be on the London Stock Market that should be dominating the conversations in Milan, Italy.

The news is an extension to our earlier report that Energica hired UBS to help the Italian electric motorcycle company navigate the financial waters of investment.

At EICMA, Energica provided more details on its plan, saying that it would look for private investment to raise the necessary free capital in order to be listed on the London Stock Exchange’s AIM Italia sub-market, a special market that caters to small and medium-sized businesses, usually in the technology sector.

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China Set to Buy Pirelli for €7.1 Billion

03/23/2015 @ 1:15 pm, by Jensen Beeler29 COMMENTS

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China National Chemical Corp (ChemChina) is set to buy into tire-maker Pirelli, with what is currently a €7.1 billion deal. The move would put the 143-year-old Italian company in Chinese ownership, with ChemChina being the majority and controlling shareholder.

ChemChina had planned to offer €15/share to existing Pirelli stock owners, but that number may have to be lifted after a recent rally in the stock’s price. Once the deal concludes though, it is expected that ChemChina will take Pirelli private once the buyout is complete.

The impetus for the buyout is that Pirelli’s knowledge making tires would be a huge asset to ChemChina’s current tire production, not to mention that Pirelli’s free production inventory could be used to make other ChemChina products.

The deal would also give Pirelli a strong footing in the massive Chinese tire market, a significant leg-up in Asia for the Italian brand over its other European competitors.

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Fresh off the European newswires, reports out of Italy are tipping motorcycle manufacturer MV Agusta as looking to offer up to 30% of the company on the stock market. If true, the move would make good on MV Agusta’s hope of going public by 2016 — noticeably quite ahead of schedule.

Additionally, reports out of Germany are also indicating that Daimler AG (owner of Mercedes-Benz), is looking for a minority stake in MV Agusta, and approached the Italian company these past few weeks about that possibility — a move not to dissimilar to the one that saw Audi AG acquire Ducati Motor Holding.

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GoPro Looking to Raise $100 Million with IPO

05/22/2014 @ 2:21 pm, by Jensen Beeler10 COMMENTS

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Small affordable video cameras are changing the way motorcycle enthusiasts record their two-wheeling adventures, and one name has dominated the market: GoPro. The San Francisco Bay Area company is looking now to continue that growth; and to help achieve that goal, GoPro is searching for $100 million in capital.

According to documents filed on Monday with the Securities and Exchange Commission (SEC), GoPro will look for that money with an initial public offering (IPO).

Planning to be listed at GPRO on the NASDAQ exchange, GoPro disclosed $985 million in revenue last year, up 87% from 2012; while net income topped $61 million, nearly double the $32 million GoPro earned in 2012.

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After reporting 22% growth in Q1 2014, Giovanni Castiglioni had some closing words about the rumors that Fiat could acquire MV Agusta — a popular rumor that has been swirling around in the press the last two months.

Denying outright that MV Agusta had, or was in, talks with the Fiat-Chrysler group about an acquisition (some reports linked even MV Agusta to being bought by Fiat-owned Ferrari), Castiglioni said the Italian company solely was focused on building growth, and building motorcycles.

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Polaris Industries has announced that it has bought back 3.96 million shares of the company’s stock from Fuji Heavy Industries, for the tidy sum of $497.5 million — roughly 6% of Polaris’ total market capitalization.

Paying for the stock purchase with roughly $247 million in cash, and $250 in credit, the move is a response to Polaris’ continued push to develop its own engines in-house.

For some background, Fuji Heavy Industries was the sole-engine supplier to Polaris from 1968 until 1995, at which time Polaris began developing its own power plants.

Despite that shift nearly 20 years ago, Fugi has had an integral part of Polaris’ business up until this point, and in 2013 one in four engines in the Polaris model lineup was built by Fuji Heavy Industries.

For 2014 onward though, the use of Fuji engines is expected to drop as Polaris produces more of its own units.

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Lawyers have begun an investigation into the recent rumors that private equity firm Kohlberg Kravis Roberts (KKR) was targeting Harley-Davidson for a stock takeover.

Suspecting that Harley-Davidson executives breached their fiduciary responsibility to Harley-Davidson, Inc., investigators were tipped-off to potential breaches at the Milwaukee company after its stock rose by $2 (+5%) immediately after the rumors were first published in financial reports.

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