Sources : AMD , IDN , FT , Reuters , PSB , MPN , BDN , MCN , AP , Bloomberg , MSNW , Electrek , electricmotorcycles . news , RideApart . com , Motor1 . com , Cycle World , motorbikewriter . com
BRIEFS
Polaris has declared a regular cash dividend of $ 0.63 per share payable on June 15 , 2021 to shareholders of record at the close of business on June 1 , 2021 and also announced board authorization for the repurchase of up to $ 1bn of the company ' s outstanding common stock . This new repurchase authorization replaces the prior board authorization .
Easyriders Events has announced rearranged dates for its Easyriders Rodeo events for this year at Fowlerville , Mi ., August 20-22 , and Chillicothe , Oh ., September 2-6 ; easyridersevents . com
DynoJet is rolling out a new Authorized Reseller Program in the United States which requires dealers to register with Dynojet Research , using its online Authorized Dealer Registration Form .
Lowbrow Customs has announced Saturday , Nov . 6th , 2021 as the planned date for its free-entry Fuel Cleveland show - at the Twist Drill Cleveland ( Ohio ) building . Tyler Malinky : " This is a huge venue with LOTS more room . This will be the biggest and best Fuel CLE yet !"; www . lowbrowcustoms . com
The MIC has announced Q1 sales of new motorcycles and scooters through March increased + 37.2 % percent " among leading brands ", compared to the same period last year . The data comes from the MIC Retail Sales Reporting System , which gathers new-unit numbers from 14 leading manufacturers and distributors in the U . S .
Associations Appeal to Suspend Retaliatory Tariffs
ACEM ( Association des Constructeurs Européens de Motocycles - the motorcycle industry association in Europe ) and USMMA ( United States Motorcycle Manufacturers Association ) have joined the call on European authorities and the US Administration to solve their differences without unduly impacting motorcycles . A Coalition of 88 European and American associations has written to European Commission President von der Leyen and United States President Biden , supporting a suspension of the retaliatory tariffs in application , with EU-US ongoing trade disputes hitting unrelated sectors . The appeal by the industry is made once again to build on the positive momentum of the suspension of tariffs imposed in connection with the World Trade Organization ( WTO ) disputes concerning civil aircraft subsidies for four months , hoping such agreement can be extended and built upon . The call is also made to overcome differences within the steel and aluminum trade dispute , in anticipation of the 1 June deadline and
LeMans Corporation , the parent company of Parts Unlimited , Parts Europe and Drag Specialties , has announced that it has " made the decision to cancel our 2021 Fall NVP Product Expo - previously scheduled for August 21-22 , 2021 in Madison , WI . " Due to conditions regarding the global COVID-19 pandemic and the current business demands of our vendors , dealers and sales reps , Parts Unlimited and Drag Specialties made the difficult decision to cancel the the application of further EU retaliatory measures , to avoid yet more collateral damage on unrelated sectors . Ultimately , the Coalition wishes a return to a positive , reciprocally rewarding transatlantic relationship , supporting economic growth and benefiting producers and manufacturers , their distribution partners , importers and consumers , and all associated sectors . ACEM and USMMA join the call as the motorcycle sector has repeatedly been unduly targeted within the EU-US trade escalation over the last few years . US motorcycles are heavily impacted by the EU rebalancing measures devised in response to the US decision to impose a 10 % tariff on European aluminum products and a 25 % tariff on European steel products as of 1 June 2018 . Under Commission implementing regulation ( EU ) 2018 / 886 , a list of US products , including motorcycles with a cylinder capacity above 500 cc , have faced additional duties since 1 June 2018 when entering the EU . As from 1 June 2021 , European
2021 Fall NVP Product Expo Canceled
event . It is in the best interest of our company to continue to navigate these unprecedented times with respect for the health , safety and well-being of our teams , dealers , vendors , industry colleagues and communities . " Parts Unlimited and Drag Specialties are looking forward and planning for the future with one goal - to continue to support our dealers and vendors as we work through these challenging times ." www . dragspecialties . com
Antonio Perlot , ACEM Secretary General : " This development confirms the urgency to suspend all additional tariffs on unrelated sectors , to avoid damaging escalations . We call upon the European Commission and the new US Administration to restart a positive transatlantic trade dialog . We continue to strongly support a return to reason and for both parties to find a solution ."
authorities are expected to double these additional customs duties , which will impose a 50 % tariff on US-made motorcycles above 500 cc , pursuant to Implementing Decision ( EU ) 2021 / 563 of the European Commission of 31 March 2021 .
The news means that LeMans and vendors will have endured a twoyear cycle , at least , before being able to stage their show again - seen here , the last was at Louisville in February 2020 .