News

POLARIS CUTS SNOWMOBILE WORKFORCE Polaris Industries, Medina, Minn., has laid off 60 of its 3,800 employees in a cutback tied to recent slow snowmobile sales. Thirty-four of the lay-offs occurred ...

LEMCO SALE COMPLETE Ride Now Powersports Management Group has acquired Lemco Management Group, the nation’s largest motorcycle dealer training group. The sale closed on Monday, April 4, 2005. Terms were ...

Jam Wins Race Suit Against Clear Channel A federal jury has found that Clear Channel Communications had competed unfairly to block a competitor from promoting motorcycle races and awarded the ...

VIPER EYES REFINANCING WITH INVESTOR Viper Motorcycle Company, New Hope, Minn., has pulled its application for an initial public stock (IPO) offering and today faces an uncertain future. Viper filed ...

KTM GOES PUBLIC WITH ATV PROJECT KTM is serious about entering the ATV market, judging by two recent job postings listed on its public Web site, www.KTM.com. On Jan. 20, ...

PIAGGIO WRAPS UP APRILIA PURCHASE Piaggio & C. SpA ended 2004 by completing its total acquisition of Aprilia SpA, creating a group with annual sales of more than Euro 1.5 ...

Murray to Start Marketing Firm Maurice Murray, senior vice president of brand development at Global Motorsport Group, plans to leave the company Dec. 31, 2004, to set up his own ...

INTERMOT MAY RETURN TO COLOGNE Germany’s motorcycle industry association, the Industrie-Verbandes Motorrad (IVM), says INTERMOT 2006 may move to Cologne, returning to the city that served as the motorcycle trade ...

Italian Unit Sales Increase Italy’s 2004 motorcycle, scooter and moped sales in September rose 24.7%, or 28,400 units, over the same month last year, the Italian motorcycle accessories association ANCMA ...

Motorycle Dealer Group Being Formed Officials at MBA Holdings Inc., Scottsdale, Ariz., say the company has become a major investor in the formation of the National Motorcycle Dealers Association (NMDA). ...