Sources: AMD, IDN, FT, Reuters, PSB, MPN, B&B, BDN, MCN, AP, Bloomberg, MNW. electricmotorcycles.news
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NEWS
BRIEFS
Originally scheduled for June, the
2020 iteration of the Biarritz,
France based Wheels and Waves
celebration of all things Moto
Culture and associated Flat Track
Racing and 'Punks Peak' Hill Climb
has been cancelled for a second
time. It had been rearranged for
September 3 to 6 this year, but the
organisers have now had to 'wave
the white flag of surrender' and
hope to be able to stage a 10th
Edition in June 2021.
Brembo, both directly and through its
parent company Nuova FourB, has
completed the acquisition of a "longterm"
4.99% stake in Milan based tyre
maker Pirelli S.p.A. Taken over by China
in 2015, a 2017 IPO saw 40% of
Pirelli's equity refloated on the Milan
Bourse. Brembo revenues for the first
half of 2020 amounted to €951.1m
(-28.2%) at an EBITDA margin of
15.1%/€143.3m; EBIT margin was
4.1%/€38.8m. Net investments for the
period amounted to €73.4m; net
financial debt was €597.5m.
Along with Q2 fiscals that were
every bit as bad as was to be
expected, Harley-Davidson (now
with German Jochen Zeitz at the
helm - ex Puma, Kering, Gucci, YSL
etc.) has announced that it will go
ahead with its entry into the ADV
market in 2021 with the 145 bhp,
1,250 cc liquid-cooled 'Revolution
Max' 60 degree V-twin engined
'Pan America'. However, the
planned 'Bronx' streetfighter that
was supposed to be launched at
the same time on a 975 cc version
of the same engine appears to
have been dropped, as new CEO
Zeitz seeks to rationalise the
confusing and duplicatory H-D
model range by some 30 percent.
<<< Continued from cover
Group is irresistible, with the sporty
GASGAS range sitting perfectly as a
beginner pathway between the highend
of the e-mountain bike sector and
the Husqvarna and KTM Enduro, offroad,
MX, ADV and, ultimately, street
ranges.
The Group says it expects sales to
increase to more than €800m in the
second half of 2020 and significantly
higher than for the second half of
2019 (€ 765.3m). Annual sales for
2020 are expected to exceed
€1,400m (FY 2019: €1,520.1m). The
e-bike division will already contribute
sales of more than €110m.
The company says that "as a pioneer
in electromobility for two-wheelers in
the low-voltage range (48 volt), the
Group and its strategic partner Bajaj
have the prerequisites to assume a
leading global role.
"With the take-over of the electric
bicycle business from PEXCO, the
Group took a next step into the
2-wheel electromobility segment. E-
bicycle activities will continue to be
promoted under the brands
Husqvarna e-bicycles and R Raymon in
order to participate in the growth of
the e-bicycle segment and to become
PIERER Mobility AG Chairman Stefan
Pierer has evolved a masterful 21st
century recreation and urban
mobility brand strategy.
a major international player there.
"Thanks to our innovative strength,
we see ourselves as the technology
leader in the two-wheeler sector in
Europe, and the partnership with
Bajaj, India's second largest
motorcycle manufacturer, strengthens
competitiveness in global markets."
The equally ambitious Bajaj will soon
be starting to sell small and middisplacement
Triumph models in India
and worldwide through Triumph and
Bajaj outlets as the TVS acquisition of
Norton, and Mahindra Mahindra's
100% ownership of the BSA and Jawa
brands (and Peugeot Motorcycles in
France), point to an Indian
manufacturer scramble to keep up
with the pace being set by Eicher
Motors on the global stage with their
new, all conquering Royal Enfield 650
cc parallel twins.
The updated KTM 450 Rally Replica
- a 'good-to-go' 139 kg, 450 cc fuel
injected single race bike with a
single overhead cam
and WP XACT PRO
closed cartridge, cone
valve front suspension system.
The 2021 KTM 300 EXC TPI (Transfer
Port Injection) 2 stroke - one of eight
2021 EXC 2 and 4 stroke models and
special editions that sees the range
from 150 right up to 500 cc.