Motorcycles

Yamaha Motor Company Selects Shippeo to Enhance Global Supply Chain Visibility and Efficiency

Retrieved on: 
Monday, April 8, 2024

Yamaha Motor Co., Ltd. (Yamaha Japan) and its U.S. subsidiary, Yamaha Motor Corporation, USA (Yamaha USA), today announced a strategic partnership with Shippeo, a leading provider of real-time transportation visibility solutions.

Key Points: 
  • Yamaha Motor Co., Ltd. (Yamaha Japan) and its U.S. subsidiary, Yamaha Motor Corporation, USA (Yamaha USA), today announced a strategic partnership with Shippeo, a leading provider of real-time transportation visibility solutions.
  • Shippeo will provide Yamaha with superior visibility and predictive insights across its entire global supply chain, encompassing ocean, railroad and over the road transportation.
  • “We are truly excited about this new strategic partnership with Shippeo and the benefits that it will most certainly bring to easing our Global Supply Chain challenges, simply from providing more seamless administrative and global visibility, “said Isamu “Sam” Kuru of Yamaha Motor Company Japan’s logistics Division.
  • This will enhance the resilience of Yamaha's global supply chain operations, ensuring enhanced transparency and reliability."

Indian Motorcycle Dealers Ranked Highest in 2024 Industry Study Measuring Response to Website Customers

Retrieved on: 
Monday, April 8, 2024

Polaris Inc’s Indian motorcycle dealerships were ranked highest according to the 2024 Pied Piper PSI® Internet Lead Effectiveness® (ILE®) Study, which measured responsiveness to internet leads coming though powersports dealership websites.

Key Points: 
  • Polaris Inc’s Indian motorcycle dealerships were ranked highest according to the 2024 Pied Piper PSI® Internet Lead Effectiveness® (ILE®) Study, which measured responsiveness to internet leads coming though powersports dealership websites.
  • “2024 is a much more challenging business environment for powersports dealers,” said Fran O’Hagan, Pied Piper’s CEO.
  • In contrast, dealerships which score below 40 fail to personally respond in any way to their website customers.
  • The 2024 Pied Piper PSI-ILE Study (U.S.A. Powersports) was conducted between May 2023 and February 2024 by submitting website inquiries directly to a sample of 3,718 dealerships nationwide representing all major powersports brands.

LiveWire Group, Inc. To Report First Quarter 2024 Results on April 25, 2024

Retrieved on: 
Thursday, April 4, 2024

LiveWire Group, Inc. (NYSE: LVWR) will release its first quarter 2024 financial results before market hours Thursday, April 25, 2024.

Key Points: 
  • LiveWire Group, Inc. (NYSE: LVWR) will release its first quarter 2024 financial results before market hours Thursday, April 25, 2024.
  • The public is invited to attend an audio webcast from 8-9 a.m. CDT.
  • LiveWire leadership will be joining the Harley-Davidson, Inc. audio webcast to discuss LiveWire’s financial results, developments in the business, and updates to the Company’s outlook.
  • LiveWire is majority owned by Harley-Davidson, Inc. and has a dedicated focus on the electric motorcycle sector.

Laser Photonics’ CleanTech Simplifies Gas Tank Cleaning in Motorcycle Repair & Restoration

Retrieved on: 
Thursday, March 28, 2024

Laser Photonics Corporation (LPC), a leading global developer of industrial laser systems for laser cleaning and other material processing applications, highlights a key application for its CleanTech laser systems in the motorcycle repair and restoration field.

Key Points: 
  • Laser Photonics Corporation (LPC), a leading global developer of industrial laser systems for laser cleaning and other material processing applications, highlights a key application for its CleanTech laser systems in the motorcycle repair and restoration field.
  • “Professionals in the motorcycle repair and restoration space have greatly benefited from using our laser cleaning technology.
  • LPC’s laser cleaning technology sees multiple applications in motorcycle repair and restoration.
  • These capabilities make LPC’s CleanTech the preferred choice in motorcycle manufacturing, as well as in the repair and restoration sectors.

LiveWire® Announces All-New S2 Mulholland™ Electric Performance Cruiser

Retrieved on: 
Thursday, March 21, 2024

As LiveWire’s performance cruiser, S2 Mulholland's design departs from traditional internal combustion motorcycles in the cruiser category—which typically celebrate the gas tank—as the electric S2 platform provided the design team with the opportunity to create a new profile and experience that prominently displays both the brake lines and wiring harness, creating a stronger connection between the human interface of the rider and motorcycle.

Key Points: 
  • As LiveWire’s performance cruiser, S2 Mulholland's design departs from traditional internal combustion motorcycles in the cruiser category—which typically celebrate the gas tank—as the electric S2 platform provided the design team with the opportunity to create a new profile and experience that prominently displays both the brake lines and wiring harness, creating a stronger connection between the human interface of the rider and motorcycle.
  • S2 Mulholland is based on LiveWire’s S2 platform, and the riding characteristics of the motorcycle demonstrate the same level of performance established with S2 Del Mar.
  • While S2 Mulholland utilizes the same S2 platform, the riding experience has been reshaped by the rider triangle and updated standard equipment which diverges dramatically from Del Mar.
  • The introduction of the new electric performance cruiser, S2 Mulholland, will be limited to the U.S. and Canada for 2024, with deliveries for additional markets currently planned for 2025.

RumbleOn Reports Fourth Quarter and Full Year 2023 Financial Results & Presents Vision 2026 Strategic Plan

Retrieved on: 
Thursday, March 14, 2024

Total Revenue was $311.1 million for the fourth quarter, down 6.2% from the prior year fourth quarter.

Key Points: 
  • Total Revenue was $311.1 million for the fourth quarter, down 6.2% from the prior year fourth quarter.
  • Total Gross Margin of 22.9% for the fourth quarter compared to 27.9% in the prior year fourth quarter.
  • Total SG&A expenses for the fourth quarter declined $14.4 million, or 15.9%, from the prior year fourth quarter and were down 2.0% for 2023 compared to 2022.
  • Unless otherwise noted, all comparisons in the narrative are fourth quarter of 2023, as compared to fourth quarter of 2022.

Haig Partners Serves as the Exclusive Advisor on the Sale of Lebanon Ford to Nucar Family of Dealerships

Retrieved on: 
Wednesday, March 13, 2024

Haig Partners LLC , the leading buy-sell advisory firm to auto, heavy truck and RV dealers in the U.S., served as the exclusive sell-side advisor to Saint J Auto on the sale of Lebanon Ford in Lebanon, NH to Nucar Family of Dealerships based in New Castle, DE.

Key Points: 
  • Haig Partners LLC , the leading buy-sell advisory firm to auto, heavy truck and RV dealers in the U.S., served as the exclusive sell-side advisor to Saint J Auto on the sale of Lebanon Ford in Lebanon, NH to Nucar Family of Dealerships based in New Castle, DE.
  • Lebanon Ford has been a family endeavor, managed by my sons, Nathan and Evan, alongside our COO and longtime friend, Ray Gaudette, since its inception.
  • "We extend our heartfelt congratulations to Chris and Dan Dagesse of Nucar Family of Dealerships on this acquisition.
  • The sale of Lebanon Ford represents the 26th dealership the team at Haig Partners has bought or sold in New England.

Lightspeed DMS Appoints Brian Provost President & CEO

Retrieved on: 
Monday, March 11, 2024

Lightspeed DMS LLC, the leading recreational dealer management software provider and a Brookfield portfolio company, today announced that Brian Provost has been appointed chief executive officer, succeeding Kris Denos.

Key Points: 
  • Lightspeed DMS LLC, the leading recreational dealer management software provider and a Brookfield portfolio company, today announced that Brian Provost has been appointed chief executive officer, succeeding Kris Denos.
  • View the full release here: https://www.businesswire.com/news/home/20240311282930/en/
    “We are excited to welcome Brian Provost to Lightspeed at this pivotal time in the company’s growth story,” said Doug Bayerd, Managing Partner, Private Equity at Brookfield.
  • “Lightspeed has collaborated with recreational dealerships for nearly 40 years, creating industry-specific software solutions to streamline the way dealers work,” said Provost.
  • Kris will continue to serve as an advisor to Lightspeed for some time to ensure a smooth transition.”

TVS Motor Company - Now in France

Retrieved on: 
Friday, March 8, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240308987266/en/
    TVS Motor Company zone at Salon du Deux Roues, Lyon in France (Photo: Business Wire)
    TVSM is the world’s fourth largest two and three wheeler manufacturer, and the third most valued by market cap.
  • The company is putting on display the TVS Apache RR 310, TVS Apache RTR 310, TVS Ronin, its electric scooters - TVS iQube S, TVS X, and its performance scooter - TVS NTORQ.
  • Speaking on the participation, Sharad Mohan Mishra, President, Strategy, TVS Motor Company, said, “Our participation marks a significant milestone.
  • TVS NTORQ - a premium scooter that boasts of superior performance backed by TVS Racing Pedigree.

Steel Commander Corp. Announces New Partnership with MotoAmerica as the 2024 Title Sponsor for the MotoAmerica Steel Commander Superbike Championship

Retrieved on: 
Wednesday, March 6, 2024

Steel Commander Corp, a distinguished leader in the steel building industry, is delighted to announce its partnership with MotoAmerica as the title sponsor of the MotoAmerica Steel Commander Superbike Championship.

Key Points: 
  • Steel Commander Corp, a distinguished leader in the steel building industry, is delighted to announce its partnership with MotoAmerica as the title sponsor of the MotoAmerica Steel Commander Superbike Championship.
  • The first race takes place in Daytona with Steel Commander Corp the title sponsor for the MotoAmerica Superbike Championship.
  • Having previously sponsored the Steel Commander Stock 1000 class in 2023, Steel Commander Corp’s transition to the title sponsor of the MotoAmerica Superbike Championship underscores its unwavering support for motorsports and the MotoAmerica series.
  • Commenting on this exciting development, Shawn Fisher, President and CEO of Steel Commander Corp, expressed enthusiasm for the partnership, stating, “We are thrilled to once again partner with MotoAmerica and proudly serve as the title sponsor for the 2024 Steel Commander Superbike Championship.