International Dealer News 178 May/June 2024 IDN 178 May/June 2024 | Page 64

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China Motorcycle Chamber of Commerce ( CCCM ) data show total 2023 Chinese two-wheeled motorcycle production and sales of 17.0227 million and 16.6001 million units , down 10.46 % and 13.23 % year-on-year . Production and sales of large displacement recreational motorcycles ( over 250 cc ) were 511,800 and 525,400 units , down 7.13 % and 5.06 % year-on-year respectively . The production and sales of three-wheeled units were 2.3936 million and 2.3905 million units , a year-on-year increase of 4.93 % and 4.46 %.
Registrations are open for this year ' s Triumph backed Distinguished Gentleman ' s Ride ( DGR ) - slated to take place simultaneously worldwide on May 19 . This is the 11th year that Triumph has backed the DGR - an event devised to help raise awareness and funds for men ' s mental health and prostate cancer research . With 44 days to go , some 17,195 riders have already registered ; www . gentlemansrid e . com
Italian manufacturer GPR Italia is looking for distributors in select European markets for its GPR-Tech line of ADV hard luggage options - top boxes , panniers and racks .
Honda has announced the winners of this year ' s customer feedback based Yūshū recognition scheme - launched to acknowledge and celebrate the top performing retailers in customer experience across Europe . Award winners include Choron Motors , Paris and Outsider Montlhery in France ; Semmler GbR , Herborn , Germany ; Max Moto ( Piacenza ) and Leopoldo Nardini ( Velletri ) in Italy ; Garonda ( Guarda ) and Lousamotos ( Lousa ) in Portugal ; Wheels Honda ( Peterborough ) and Miles Kingsport ( Hull ) in the UK and Motorcycle Center Europe at Badajoz in Spain .

PIERER Mobility : Early takeover of majority stake in MV Agusta

PIERER Mobility AG , parent company of KTM , Husqvarna and GasGas , has increased its ownership stake in MV Agusta to give the Austrian company a 50.1 % majority ownership stake in the Schiranna ( Varese ), Italy based manufacturer . This represents an early increase of the first stage 25.1 % investment that Pierer AG made in MV in November 2022 . At that stage , it had been planned that PIERER Mobility subsidiary KTM AG would likely take a majority position in early 2026 . That call option was to be based on the annual MV Agusta Motor S . p . A . financial statements as of December 31 , 2025 . However , that option has now been exercised prematurely , at a purchase price for the additional 25 % equity based on the MV Agusta results to the end of 2025 , based on the agreed EBITDA multiple valuation method . Meantime , PIERER Mobility had taken over the supply chain and purchasing of MV Agusta in October 2023 . In addition , MV Agusta ' s product range also became distributed , in part , through PIERER Mobility ' s global sales network .
A PIERER Mobility AG executive board member , Hubert Trunkenpolz will take over as CEO and Chairman of the Board at MV Agusta . It was Hubert ' s uncle Hans Trunkenpolz who founded KTM in 1934 .
Production at MV Agusta ' s facility at Schiranna , Varese , is planned to increase to 10,000 units a year " in the medium term ".
The premature exercise of the call option means that KTM AG / PIERER Mobility AG will take over the majority ownership and industrial management of MV Agusta Motor S . p . A . immediately instead . In the medium term , an annual production volume of more than 10,000 MV Agusta premium motorcycles is planned at the site in Varese . Hubert Trunkenpolz , member of the executive board of PIERER Mobility AG , is taking over the role of CEO and Chairman of the Board of directors from Timur Sardarov , who will continue to be available to the company as Vice Chairman , brand ambassador and consultant . Timur Sardarov announced the news as the " successful completion of the five-year plan to revitalise " MV Agusta . The company stated that " his objective to bolster the historic Italian brand was completely fulfilled , resulting in stability and substantial advancement for the ' Made in Italy ' icon . " During this period , measures have been taken to steady the company financially and substantial improvements were made to both processes and products , while also ensuring job security in Varese ". The company statement went on to
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