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BRIEFS
Honda and LG Energy Solution have announced they are to spend $ 4.4bn to construct a new battery plant in the U . S . This will join the plants GM is building in Ohio , Michigan and Tennessee ; the ones Ford is building in Kentucky and Tennessee ; the one Toyota is building in North Carolina ; and the one Stellantis is building in Indiana ( Fiat / Chrysler / Peugeot / Citroen etc ). They are all part of the flood of investment capital into electric vehicles and indicative of an ' on-shoring ' response to the supply chain challenges seen since early 2020 . Most recently to the G7 ' s global minimum tax initiative and the passage of the CHIPS and Science and Inflation Reduction Acts have ' focussed minds '.
Vista Outdoor ( Anoka , MN . - owner of Bell Helmets and some 40 or more other ' outdoor ' and sporting goods brands ) has confirmed the closing of its previously reported $ 540m deal to acquire the 1974 / Geoff Fox founded Fox Racing apparel business .
Fox Factory Holding Corp . ( Nasdaq : FOXF ) has reported record quarterly sales of $ 406.7m (+ 23.9 %) for Q2 , 2022 . Gross profit increased + 28.7 % to $ 142.9m . Net income was $ 53.5m , or 13.2 % of sales .
Brembo has reported strong growth in the first six months of 2022 , with revenues at € 1,746.5m (+ 28.3 %); EBITDA up by 13 % at € 305.3m ( EBITDA margin : 17.5 %); EBIT also up by 13 % at € 187.5m ( EBIT margin : 10.7 %); net profit at + 17.3 % and net investments for the period amounted to € 121.6m . At € 595.1m (€ 368.0m prior to the application of IFRS 16 ), net financial debt was up € 98.2m compared to 30 June 2021 .
Only just catching up on this bit of news - online parts sales pioneer BikeBandit ceased operations in February and is the subject of bankruptcy proceedings . BikeBandit was founded by Ken Wahlster in 1999 and sold on by him in 2013 .
After a disappointing sales performance in sales terms in North America in the past five years , one rescued , initially , by the trend-setting ' Grom ', long-time company executive Rick Schostek will retire as Executive Vice President of Corporate Services . He will be succeeded by Bob Nelson , currently Executive Vice President of Honda Development & Manufacturing of America , LLC .
Kodlin USA Partners with Brands That Shine
Morgan Hill , CA based Kodlin USA Inc . has partnered with Brands That Shine to build a U . S . dealer network education and training function as Kodlin USA continues to grow . In further news , in addition to Kodlin ' s established relationship with North American distributor HardDrive , Kodlin has recently signed a distribution agreement with Janesville , WI based distributor Drag Specialties . Headed up by former Custom Chrome and Kuryakyn man Holger Mohr as President and co-founder of Kodlin USA , Holger states that " I have always been impressed with Jessica Shine ' s passion for the powersports industry in general , and for her V-twin industry parts and accessory sales and marketing expertise in particular . " Her positive attitude , great dealer network contacts and relationships , and her knowledge and understanding of how our market ' s channels operate , her experience with all the levels of the distributors ' sales organizations and her professional reputation and work attitude are a perfect addition to our team ." The recent addition of Gunnar Heinemeyer to the Brands that Shine team will provide additional expertise in distributor / vendor relations . Jessica added : " I am looking forward to working with the Kodlin team and to educate hundreds of reps and dealer staff about the product line . While headquartered in the US , we know the Kodlin roots are in Germany and that the company has an uncompromising focus on high-quality engineering and manufacturing . " That gives my company the
BMW is marking the 100th anniversary of its Munich home plant - on a site that it still occupies . The company started manufacturing its products there in 1922 . Having been prohibited from getting back into the aircraft assembly business by the Treaty of Versailles after WW1 , the first products it made there as " Bayerische Motoren Werke " were aircraft engines and motorcycles . Originally on the outskirts of Munich , the site in the Milbertshofen district is now right in the heart of the metropolis that is Munich . The
Left to right : Holger Mohr , Kodlin USA ; Gunnar Heinemeyer , Jessica Shine , Brands that Shine
confidence that we will be promoting some of the best quality products you can find on the market today and that dealers will see minimal to no returns because Kodlin products just don ' t fail ." What started as a line of M-8 Softail oriented products has grown into a full lighting , suspension , body and controls category for Touring , Sportster S and even Pan America models . " Kodlin USA is going to continue to grow the product portfolio in the years to come ," says Holger , " and now dealers can look forward to the investment in the Kodlin line receiving a level of first class support that will help dealers to grow their sales and
plant moved on to making cars in 1952 - models such as the highly collectible BMW Isetta .
make the Kodlin line an important profit center for their stores ." www . kodlinusa . com
100 Years of the BMW Plant Munich
This is an aerial picture of the site from 1930 - check out the steeply banked test track !
14 AFTERMARKET MOTO DESIGN - OCTOBER 2022 www . AMDchampionship . com