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.”

Sete Gibernau Snagged in Spanish Tax Dragnet

06/21/2017 @ 5:42 pm, by Jensen BeelerADD COMMENTS

Spanish tax authorities have been stepping up their game in recent months, and now they have two high-profile cases to show for their hard work. This matters in the two-wheeled universe because one of the case involves former MotoGP racer Sete Gibernau.

According to prosecutors in Barcelona, Gibernau defrauded the Spanish government of roughly €2.8 million. Gibernau on the other-hand says that during the time in question, from 2005 to 2006, he did not live in Spain, but instead lived in Switzerland.

Spanish prosecutors however state that Gibernau did not live in Switzerland, like he says, but instead lived in Esplugues de Llobregat, a province in Catalunya.

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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.

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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.

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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.

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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.

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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.

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Rossi Sued for Outstanding Accountant’s Bill

09/17/2009 @ 11:46 am, by Jensen BeelerADD COMMENTS

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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.

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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.

 

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