Sources : AMD , IDN , FT , Reuters , PSB , MPN , BDN , MCN , AP , Bloomberg , MSNW , Electrek , electricmotorcycles . news , RideApart . com , Motor1 . com , Cycle World , motorbikewriter . com

Ed Morse Automotive Group has acquired Renegade Harley- Davidson in Springfield , Missouri , the group ' s sixth ' Bar ' n Shield ' store , joining locations in Daytona Beach , Ormond Beach , Grand Junction , Austin , Alamo City , and Beaumont .

Despite a € 1m equity investment by Indian electromobility company Motovolt in 2023 , German " human-hybrid " two-wheeler concept designer eRockit Systems GmbH ( Hennigsdorf , Brandenburg ) has filed for bankruptcy . The news follows that of the failure ( in bankruptcy or with production otherwise suspended ) in 2024 or earlier of E-Mobility GmbH / Kumpan ( Germany , 2023 ), e- scooter startup ' UNU ' ( by EMCO , Berlin , 2023 ), Energica ( Italy ), Cake ( Sweden ), Canadian electric snowmobile and PWC manufacturer Taiga Motors ( bought by UK entrepreneur , Stewart Wilkinson in October 2024 ), Juiced Bikes ( San Diego , USA ), Onomotion ( Berlin ), vanMoof ( NL - mostly e-Cycles , subsequently acquired by McLaren F1 in UK ), Arc Motorcycles ( UK - at one stage financially connected to Jaguar Cars , who , BTW , have now fully abandoned ICE automotive production in favour of Electric - it won ' t end well !), Sondors / Metacycle ( USA ) the Erik Buell conceived Fuell Motorcycles ( USA ) and a number of other ePTW projects around Europe and elsewhere . Harley-Davidson is losing a lot of money on its LiveWire operation after a largely failed SPAC flotation and has its fingerprints on two prior e-PTW bankruptcies in the San Francisco Bay area in the form of Mission Motors ( 2015 ) and Alta Motors ( 2018 ). Some Alta staff had left to found Damon Motorcycles of Vancouver ( of wellregarded 200 mph HyperSport fame ). Damon recently concluded a fundraising SPAC vehicle IPO on the NYSE ( Ticker : DMN ) but at the time of writing ( November 20 , 2024 ) shares were trading at less than $ 2.00 , well below their a target price of $ 12.00 having opened at around $ 5.00 at the time of the flotation . Its tough out there for the electric motorcycle sector .

Polaris ' third quarter results showed North America ( NA ) unit retail sales for Indian Motorcycle down by lowdouble digits percent , in a market that saw estimated unit retail sales for the comparable motorcycle industry sector down ' only ' by high-single digits percent . Their on-road segment results ( which includes the Slingshot ' reverse trike ' roadster ) were primarily driven by unit lower volumes with PG & A sales -7 % and reduced segment gross profit margin performance driven by a negative product mix that was only partially offset by operational improvements . Polaris CEO Mike Speetzen is quoted as saying that " as consumer confidence and retail demand remain challenging , we have maintained our

focus on managing dealer inventory and delivering better operational efficiency . " A healthy dealer network is one of the critical components to our longterm success , which is why we have anchored our current production and shipment plans to our goal of lowering dealer inventory by 15 to 20 percent by the end of the year . I am encouraged by the progress being made . We expect a challenging retail environment throughout the rest of 2024 and into next year ." Third quarter worldwide sales were

Diluted Net income per share : $ 0.49 $ 2.62 $ 1.76 $ 6.90

down by -23 % against Q3 2023 at $ 1,722m . Within that NA sales of $ 1,473m represented 85 % of the total and decreased by -26 % from $ 1,986m in 2023 . International sales of $ 250m represented 15 percent of the total and were down by -5 %. The Company updated its 2024 sales outlook to be down approximately 20 % relative to 2023 versus its previous outlook of down 17 to 20 ". The NYSE didn ' t react well to the Polaris results . Their share price dropped immediately by around 10 %.

In other news : the once allconquering FTR750 looks set to become a collector item , along with Harley ' s legendary XR750 , with Indian Motorcycle effectively forced out of American Flat Track Racing by the decision to turn Supertwins into a production engine only premier class . Also , having only just started to get his feet under the table as the newly minted CEO at Malibou Boats , popular former Indian Motorcycle President and onetime Polaris dealer Steve Menneto finds himself eying the prospect of new ownership with BRP having announced that it is seeking a buyer for its Marine operations .

48 AFTERMARKET MOTO DESIGN - DECEMBER 2024 www . AMDmag . com