Motorcycle

Garmin releases annual inReach SOS Report

Retrieved on: 
Thursday, February 29, 2024

OLATHE, Kan., Feb. 29, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) today released its 2023 inReach® SOS Report, highlighting trends involving SOS incidents reported to Garmin Response℠ during the past calendar year. As a global leader in two-way satellite communication, Garmin inReach technology is available on a wide variety of devices and can help individuals stay in touch globally with two-way text messaging, location tracking and critical SOS emergency response services1.

Key Points: 
  • OLATHE, Kan., Feb. 29, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) today released its 2023 inReach® SOS Report , highlighting trends involving SOS incidents reported to Garmin Response℠ during the past calendar year.
  • Driving-related SOS incidents rose, emphasizing the importance of having an inReach on hand for situations when cell phone coverage is lacking.
  • With their inReach devices, as supported by the professionally trained Garmin Response staff, inReach users were able to self-rescue nearly 10% of the time.
  • Thanks to a dedicated SOS button and 100% global Iridium® satellite network coverage, Garmin inReach users can quickly send an SOS message should an emergency occur.

KARMA AUTOMOTIVE ACQUIRES ASSETS AND KEY PERSONNEL FROM CONNECTED VEHICLE PIONEER AIRBIQUITY

Retrieved on: 
Tuesday, February 27, 2024

IRVINE, Calif., Feb. 27, 2024 /PRNewswire/ -- Karma Automotive, a Southern California ultra-luxury vehicle manufacturer, has acquired the technology assets and IP of Seattle, Wash., -based Airbiquity. Karma has also hired key technical employees and assumed the software company's significant OEM contracts.

Key Points: 
  • IRVINE, Calif., Feb. 27, 2024 /PRNewswire/ -- Karma Automotive, a Southern California ultra-luxury vehicle manufacturer, has acquired the technology assets and IP of Seattle, Wash., -based Airbiquity.
  • The acquisition provides Karma with Airbiquity's software product portfolio that has evolved over more than two decades to deliver connected vehicle solutions spanning over-the-air (OTA) updates, software development tools, data management and analytics.
  • "We are wrapping Airbiquity's software into Karma Cloud Services and embedded vehicle technology to create a new platform that is greater than the sum of its parts," says Karma President Marques McCammon.
  • "By adding Airbiquity assets to our Karma Connected Cloud Services, which is already a core strength, our entire fleet will be fully connected and fully OTA capable.

Hitachi Astemo Partners with Team Penske on 2024 INDYCAR Program

Retrieved on: 
Monday, February 26, 2024

TOKYO, Feb. 26, 2024 /PRNewswire/ -- Hitachi Astemo will continue its partnership with Team Penske for the upcoming 2024 NTT INDYCAR SERIES season as a sponsor of the No.

Key Points: 
  • TOKYO, Feb. 26, 2024 /PRNewswire/ -- Hitachi Astemo will continue its partnership with Team Penske for the upcoming 2024 NTT INDYCAR SERIES season as a sponsor of the No.
  • The upcoming 2024 season marks the 13th year of partnership between Hitachi Astemo and Team Penske.
  • In addition to its partnership with Team Penske, Hitachi Astemo also supplies fuel-system components for all 2.2-liter twin-turbocharged Chevrolet race engines in the NTT INDYCAR SERIES to help Chevrolet win last year's Manufacturer Championship.
  • 2 Team Penske Chevrolet will appear on the sides and rear wing and Astemo will appear on both front wings.

Eclectic Array of Vintage Motorcycles, Biker Memorabilia, Neon Advertising Signs, Billboards and Other Coveted Items From the Personal Collection of French Designer Robin Chrétien Head to Auction on February 29

Retrieved on: 
Thursday, February 15, 2024

Rare collectibles from the personal collection of French fashion designer Robin Chrétien, whose luxury denim brand Robin’s Jean is known as a cult classic, will head to online auction on February 29.

Key Points: 
  • Rare collectibles from the personal collection of French fashion designer Robin Chrétien, whose luxury denim brand Robin’s Jean is known as a cult classic, will head to online auction on February 29.
  • Each item reflects the designer’s creative energy, love for American culture and passion for hitting wide open roads on a motorcycle.
  • Chrétien is renowned not only for his innovative designs and biker-chic aesthetic, but as a foremost collector of neon signs and Indian Motorcycle memorabilia.
  • Featured sale items include:
    “This auction is not just about the items, but about the story they tell of American heritage,” said Chrétien.

Ghana’s new vehicle tax aims to tackle pollution – expert unpacks how it’ll work and suggests reforms

Retrieved on: 
Thursday, February 15, 2024

It’s only the third African country to introduce an explicit carbon tax, after South Africa and Mauritius.

Key Points: 
  • It’s only the third African country to introduce an explicit carbon tax, after South Africa and Mauritius.
  • The tax is intended to address harm associated with vehicle emissions.

Why is the government taxing emissions?

  • The proposed vehicle emissions tax under the Emissions Levy Act, 2023 is one of several environmental fiscal reform measures being introduced by the government.
  • Environmental tax reform aims to shift the burden of taxation to environmentally damaging activities, such as pollution.
  • Ghana’s government believes the vehicle emissions tax is a more cost-effective and equitable way to make sure the polluter pays, prevent harm and protect the public.

What has been done so far to reduce air pollution?

  • In 2021, the government introduced a sanitation and pollution levy on petrol and diesel under the Energy Sector Levies Act to raise revenue to improve air quality, among other goals.
  • The levy accrued GHS452 million (US$55 million) in 2022.
  • These measures weren’t well designed from a tax policy point of view as they were not tied to actual vehicular emissions.

How should an emissions tax work and how does the new tax work?

  • Ideally, the tax should be based on the actual carbon dioxide and other pollutant emissions from a vehicle, measured in grams of carbon dioxide per kilometre.
  • Each car owner would pay an annual tax for the amount of CO₂ their car emits above that threshold.
  • The tailpipe emissions test would be done during the annual roadworthiness check by Ghana’s Driver Vehicle and Licensing Authority.

What are the objections to the tax and can they be accommodated?

  • There is also no clear plan for what the tax will be used for after it is collected.
  • Several critics, especially in the manufacturing and transport sector, say there are already too many taxes.
  • But the government is under pressure to raise domestic revenue as part of its International Monetary Fund conditionalities.

How does Ghana’s tax compare with others in Africa?

  • For example South Africa introduced a carbon emissions tax on vehicles in 2010.
  • A 2018 study indicated that South Africa’s CO₂ emissions tax had failed to influence which new cars consumers were buying.
  • Ghana’s proposed emissions tax for vehicles up to 3 litre engine capacity is not unreasonable when benchmarked to South Africa’s.

Can the tax be implemented and will it meet its objectives?

  • The existing sanitation and pollution levy must first be scrapped and replaced with the vehicle emissions tax.
  • The tax bands should conform to emission standards set by the Ghana Standards Authority and the vehicle licensing authority.
  • Having both the sanitation and pollution levy and vehicle emissions tax operating at the same time amounts to double taxation.

What is the tax collection picture in Ghana?

  • Ghana tax collection is currently around 14% of GDP.
  • Its aim is to get to 18% by 2028, comparable with its peers such as Senegal, Namibia, Togo and Rwanda.


Theophilus Acheampong is affiliated with the IMANI Centre for Policy and Education in Accra, Ghana. He has also consulted for the Government of Ghana on environmental fiscal reform in a private capacity.

Beyond Capital Ventures Invests in Ampersand E-Mobility

Retrieved on: 
Thursday, February 15, 2024

DALLAS, Feb. 15, 2024 /PRNewswire-PRWeb/ -- Beyond Capital Ventures, a women-led, emerging markets venture capital fund catalyzing purpose-driven startups, is pleased to announce its recent investment in Ampersand, the first electric transport energy company in Africa. The business is the pioneer of the use of electric motorcycles and battery-swapping networks to address the continent's growing carbon emissions and transportation challenges. BCV's investment will support Ampersand's expansion plans, fortify its balance sheet, bolster its market-leading research and development initiatives, and drive the development of its manufacturing capabilities.

Key Points: 
  • Beyond Capital Ventures, a women-led, emerging markets venture capital fund catalyzing purpose-driven startups, is pleased to announce its recent investment in Ampersand, the first electric transport energy company in Africa.
  • DALLAS, Feb. 15, 2024 /PRNewswire-PRWeb/ -- Beyond Capital Ventures , a women-led, emerging markets venture capital fund catalyzing purpose-driven startups, is pleased to announce its recent investment in Ampersand , the first electric transport energy company in Africa.
  • "By supporting Ampersand's mission to revolutionize the motorcycle market with sustainable electric vehicles, Beyond Capital Ventures is actively contributing to a cleaner and greener future for Africa.
  • We believe in Ampersand's potential to drive positive environmental impact while addressing the transportation needs of the region," said Eva Yazhari, Beyond Capital Ventures General Partner.

YAMAHA MOTOR Consolidated Business Results Summary — Full Fiscal Year Ending December 31, 2023 —

Retrieved on: 
Wednesday, February 14, 2024

Yamaha Motor Co., Ltd. (Tokyo: 7272) announces its consolidated business results for the full 2023 fiscal year.

Key Points: 
  • Yamaha Motor Co., Ltd. (Tokyo: 7272) announces its consolidated business results for the full 2023 fiscal year.
  • View the full release here: https://www.businesswire.com/news/home/20240214128308/en/
    I am happy to report that in fiscal 2023, we set new records for consolidated net sales and operating income.
  • Net sales were 2,414.8 billion yen (an increase of 166.3 billion yen or 7.4% compared with the previous fiscal year) and operating income was 250.7 billion yen (an increase of 25.8 billion yen or 11.5%).
  • Forecast of Consolidated Business Results for the Fiscal Year Ending December 31, 2024
    Yamaha Motor has chosen to adopt International Financial Reporting Standards (IFRS) from fiscal 2024 onward, thus the consolidated business results forecast for fiscal 2024 have been prepared according to said standards.

Booming Quality Unveils Latest Trends and Top Picks in Audio Technology

Retrieved on: 
Tuesday, February 13, 2024

LOS ANGELES, Feb. 13, 2024 /PRNewswire-PRWeb/ -- Booming Quality, a leading authority in audio technology, is proud to announce the release of its latest insights and recommendations in the world of Bluetooth speakers, soundbars, and subwoofers. With a focus on providing valuable guidance to consumers seeking to elevate their audio experience, Booming Quality offers comprehensive reviews and guides to assist readers in making informed purchasing decisions.

Key Points: 
  • Booming Quality Reveals Expert Insights & Recommendations for Bluetooth Speakers, Soundbars, & Subwoofers, Aiming to Elevate Audio Experiences
    LOS ANGELES, Feb. 13, 2024 /PRNewswire-PRWeb/ -- Booming Quality , a leading authority in audio technology, is proud to announce the release of its latest insights and recommendations in the world of Bluetooth speakers, soundbars, and subwoofers.
  • With a commitment to delivering authentic and unbiased reviews, Booming Quality ensures that readers receive accurate information to enhance their audio setups.
  • Booming Quality aims to demystify the world of audio technology with straightforward reviews and guides, offering readers authentic insights without any frills.
  • For more information and to explore the latest trends and top picks in audio technology, visit Booming Quality's website today.

Enevate and Lightning Release the First Fast Charge Production Motorcycle with Enevate Technology which Charges Nearly as Fast as Filling a Gas Tank

Retrieved on: 
Tuesday, February 13, 2024

Lightning sold the first fast-charge production motorcycle in January with the following specifications for the LS218:

Key Points: 
  • Lightning sold the first fast-charge production motorcycle in January with the following specifications for the LS218:
    Before the release of the first production motorcycle, Lightning performed extensive road-testing.
  • In November 2023, Lightning rode the development motorcycle 710 miles round trip in one day from Hollister, California, to Irvine, enabled by Enevate's fast charge Si technology.
  • Lightning’s release to production of the first motorcycle with Enevate's technology marks an important milestone in the E-motorcycle industry.
  • “With Enevate technology, Lightning has been able to offer the first fast charge production motorcycle in the world which offers a range of 200+ miles at freeway speeds with a 28kWh pack.

IGadgets and CRANNS collaborate on promoting the CRANNS RB6 - Smart Alarm Disc Lock Redefines Two-Wheeler Security

Retrieved on: 
Tuesday, February 13, 2024

IGadgets has been engaged to help this original start-up market CRANNS RB6 , the revolutionary disc smart lock design for your 2 wheelers.

Key Points: 
  • IGadgets has been engaged to help this original start-up market CRANNS RB6 , the revolutionary disc smart lock design for your 2 wheelers.
  • Introducing CRANNS RB6 Smart Alarm Disc Lock, a meticulously designed solution catering specifically to 2-wheelers such as Vespa, scooters, e-bikes, and bicycles.
  • CRANNS RB6 smart alarm disc lock has a unique C-shaped design that matches any 2-wheeler's disc base so it can work with your Motorcycle, Vespa, Scooter, E-bike and Bicycle.
  • With CRANNS RB6 , you don't just secure your two-wheeler; you invest in cutting-edge technology that provides peace of mind.