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MV Agusta Secures Funding to Execute Its Five-Year Plan

MV Agusta plans to focus its efforts over the next five years on developing the company’s sales and service network while investing in product development and its efforts in digitalization and technological innovation.

Begin Press Release: 


MV AGUSTA SECURES FUNDING TO EXECUTE ITS 5 YEARS PLAN

Varese, 2nd October 2019 – The historic Italian company MV Agusta, a global player in the production of premium motorcycles, has just announced its 5 years business plan.

The capital to support the execution of the plan, as well as achieve the consolidation and growth of the company, is entirely provided by the Sardarov family, MV Agusta’s shareholder.

The business plan aims at reaching a sales volume of over 25,000 motorcycles in the 5-years frame along with investments in both a new premium and medium capacity range, which will enable the company to extend the availability of MV Agusta products to more customers, thereby significantly increasing sales volumes.

In the three-year period 2019-2021 the industrial plan also provides for a strong investment in the global distribution network, focused primarily on Europe, Asia and the USA.

MV Agusta is starting production of the new “Hyper-naked” model, the Brutale 1000 Serie Oro, voted “the most beautiful motorcycle in the show” at Eicma 2018 as well as the Superveloce 800 Serie Oro. Both models will be produced in only 300 units, all of which have been sold-out online in just a few days. They will be delivered to customers over the next months.

After becoming the new Chairman of the Board and CEO in December 2018, Timur Sardarov has put together a new top management structure and has brought Massimo Bordi and Paolo Bettin into MV Agusta team.

Massimo Bordi, a renowned engineer and manager in the industry, has been appointed to the position of Executive Vice Chairman. Paolo Bettin, who has strong records in the financial restructuring of several industrial companies, is the new CFO of MV Agusta, while Giovanni Castiglioni will maintain an advisory role. 

Timur Sardarov commented: “Over the next five years, MV Agusta’s attention will be focused on developing the sales and service network, while investing in product development and maintaining its efforts in digitalization and technological innovation. We are committed to deliver the best products and continue to be a benchmark in motorcycle industry in quality, design and technology. Finally MV Agusta has all the tools to do so” Sardarov continued: “Together with the management, we are working diligently to execute the business plan and achieve our objectives which will require an increase of personnel and dedication from all at every level of the company. This will also positively impact the local community in terms of employment and benefit the Varese-area related industries.”

The post MV Agusta Secures Funding to Execute Its Five-Year Plan appeared first on Motorcycle.com News.

Finals ramp up on day four of Gillman’s AJMX

News 2 Oct 2019

Finals ramp up on day four of Gillman’s AJMX

South Australia delivers prime conditions for junior championship.

Image: Foremost Media.

Finals action ramped up across majority of classes on day four of the 2019 KTM Australian Junior Motocross Championship at Gillman in South Australia.

Alex Larwood of South Australia continued the dominate on home soil, securing this third victory in final three of the Junior Lites 15 Years class ahead of Blake Fox and Levi Rogers, however in the 125cc 15 Years division, Larwood encountered is own problems three laps in, recovering for P26.

Fox capitalised on the Yamaha rider’s misfortune to secure his first win of the week in the fourth final, joined in the top three by Rogers and Cameron Torpy.

Brad West claimed a commanding win in final four of the Junior Lites 12-U15 Years class, defeating Jackson Camilleri and Thynan Kean. The only class to have heats today was the 125cc 13-U15 Years division, which saw heat five go to Jack Mather over Liam Atkinson and Ryder Kingsford, while heat six was taken out by Camilleri ahead of Ryan Alexanderson and Brock Flynn.

Ben Novak emerged victorious in the fourth final of the Mini Lites BW 14-U16 Years category, edging out Zachary Watson and Hunter Collins, while it was Connor Towill who won the opening Mini Lites BW 12-U14 Years final over Ryder Kingsford and Cody Kilpatrick. In Mini Lites SW 9-U12 Years final one, Liam Owens lifted top honours ahead of Jake Cannon and Kayden Minear.

The fourth final of the Junior Lites 13-U16 Years class was once again taken out by Charli Cannon, this time defeating Taylor Thompson and Madison Healy, while in Mini Lites BW 12-U16 Years, it was Cannon who crossed the line in P1 followed by Thompson and Taylah McCutcheon.

Minear was victorious in final four of the 65cc 10-U12 Years class, while the opening 65cc 7-U10 Years final was won by Cooper ford. Mason Brown won final three in the 50cc Division 2 7-U9 Years class. Racing resumes tomorrow for the penultimate day.

Detailed results


Source: MotoOnline.com.au

Pata Yamaha announces Razgatlioglu signing for WorldSBK 2020

Switch from Kawasaki Puccetti Racing made official alongside Van der Mark.

Image: Supplied.

Turkish rising star Toprak Razgatlioglu will join Michael van der Mark at Pata Yamaha from the 2020 Superbike World Championship (WorldSBK) season, the move made official by Yamaha Motor Europe.

The 22-year-old won his first WorldSBK race last weekend at Magny-Cours, however, he will switch from Kawasaki Puccetti Racing to the factory Yamaha squad in place of Alex Lowes next year.

“Toprak Razgatlioglu is the most exciting young rider in WorldSBK and I’m both happy and proud that he will race for Yamaha in 2020,” stated Eric de Seynes, president of Yamaha Motor Europe. “When you consider Toprak’s progression this year, only his second in WorldSBK, his prodigious talent is obvious, but so is his warrior spirit.

“Like his teammate for next season, Michael van der Mark, he’s a rider who always finds that little bit extra on race day and is prepared to push to the limit to overcome any obstacle – we saw that clearly in Magny-Cours, where he came from the sixth row of the grid to claim his first WorldSBK race win.

“We have also seen this season that Yamaha has closed the gap to our rivals on track and I’m excited to see what Toprak can do on our Yamaha YZF-R1 in 2020. With Michael and Toprak, I think we will have one of the strongest and most dynamic rider line-ups on the WorldSBK grid next year.”

Razgatlioglu arrived in the WorldSBK paddock in 2015 to contest the European 600 Superstock Championship, which he won in his debut season. A move up the European 1000 Superstock Championship followed, where the young Turkish rider was a title contender for two years before stepping up to the WorldSBK class in 2018.

Last year saw Razgatlioglu secure two podium finishes in his debut season with second place at Donington Park and third place in the penultimate round in Argentina. He has developed even more strongly in 2019, securing his first top-three finish of the season at the Italian WorldSBK round in Imola and finishing on the podium at every round since.

Razgatlioglu secured his maiden WorldSBK win with a scintillating performance in race one at Magny-Cours, which he started from 16th position on the grid. The young Turk backed that up with victory in the Superpole sprint race the following day, before crashing out of race two.

Source: CycleOnline.com.au

Multi-year Kawasaki MXGP contract confirmed for Febvre

News 2 Oct 2019

Multi-year Kawasaki MXGP contract confirmed for Febvre

Frenchman to join Desalle in factory Kawasaki Racing Team from 2020.

Image: Supplied.

Former MXGP world champion Romain Febvre’s move to Monster Energy Kawasaki Racing Team from 2020 has been made official, the Frenchman signing a multi-year contract to pilot the factory KX450.

The 28-year-old will transfer from Yamaha to Kawasaki alongside Belgian Clement Desalle, who will remain with KRT next year for a fifth-straight season.

“We turn to a new page, but the book is still open and there is a new adventure on the horizon!” Febvre commented. “I’m very happy with this choice – it’s never easy to change after five years on the same team, but I’m sure this is the best moment to do it.

“My injury late this season will delay my first days with the team, but I will be even more motivated later this winter when I can get back on a bike again – everyone in the team is highly motivated and I’m impatient to be with them and on the bike.”

Febvre is currently recovering from the broken femur he sustained at the Swedish round of MXGP. Prior to that in 2019 he took a double victory in the Czech Republic for the overall, won four motos in total and earned five GP podiums.

“As far as my injury is concerned it’s taking a long time, of course, but everything is going as planned by the medical staff,” he explained. “I will soon have the first examination six weeks after surgery – we’ll see how it is with the femur and we’ll be able to make our plans for the rehabilitation.

“I will take a longer winter break than usual, but patience is the only option and I don’t want to endanger any stage, so I will be able to start testing in good conditions and to open this new chapter of my career on a good basis. The team is 100 per cent behind me, they have a strong experience of racing and I’m sure we’ll achieve great things together.”

KRT team owner Thierry Chizat Suzzoni commented: “We are very happy to welcome Romain to the team alongside Clement. Both have a lot of experience and I’m convinced that they will join forces to cooperate and get the best from our Kawasaki – it’s a great bike which both of them will want to put on the podium.

“We know that Romain always gives 100 per cent and we confidently expect that both he and Clement will put the bike in the leading pack. It gives us great satisfaction to see one of this season’s GP winners so enthusiastic to join us. We are confident that the new KX450 has a huge potential. It’s a winning bike and we now have two GP winners on the team to show that to the world.”


Source: MotoOnline.com.au

Riders warned on fake NGK spark plugs

Riders have been warned to be on the lookout for fake NGK CR9EIX spark plugs which could cause engine damage due to melted centre electrodes.

The plugs are among large batches of counterfeit motor vehicle spark plugs purchased online, according to the Federal Chamber of Automotive Industries (FCAI).

“Placing vehicles at great risk of major damage, 60% of the hundreds of spark plugs purchased in trap buys are verified frauds, passing off low-quality materials and inferior construction as genuine parts,” the FCAI says.

They say the plugs have inferior ignition causing poor fuel economy and difficult engine start up.

They also overheat quickly.

Riders would notice a major drop in power, particularly under heavy acceleration or load.

While most of the fake plugs were for car companies such as Honda, Nissan, Mazda and Toyota, NGK CR9EIX fake motorcycle plugs have also been identified.

NGK fake plugs

NGK says buyers can spot a fake by checking these five points.

1. The branding

Have a look at the product name on the spark plug. If the font type is different from the one shown in the photo on the left and if the font is smudged in some way, the product might be a counterfeit.

2. The caulking

Take a close look at the crimping portion of the plug. If you can see a machine cutting mark on it, be alert: this is indicative of a fake product.

3. The hexagon

Next, check the hexagon. If there is no Lot Number and/or a different font type is used compared to the one shown below left, it’s not an original product.

4. The C-Groove portion

Then look at the C-Groove portion of the spark plug. If you can see a machine cutting mark on the surface of the metal shell, again, this is a sign of a counterfeit.

5. The electrodes

Lastly, take a close look at the shape of the electrodes. If yours differs from the left-hand picture, be warned.

FCAI warning

FCAI boss and learner-rider Tony Weber says anyone purchasing parts outside the dealer network is at risk.

FCAI CEO Tony Weber is learning to ride a motorcycle NGK
Tony Weber

“The best way to avoid a fake? Make certain your parts are purchased from the authorised dealer network,” he says.

“We have experts examining the packaging and spark plugs and even they can barely tell the difference. You won’t know it’s a fake, until it’s too late.”

The automotive industry is working with relevant online trading platforms to remove listings and ban sellers of the illegal counterfeits from their sites.

It follows major hauls of fake motorcycle parts in India last year and a major haul of half a million fake and counterfeit vehicle parts seized in a raid in the United Arab Emirates in 2017.

Source: MotorbikeWriter.com

Riders claim Sydney parking fines unfair

Sydney riders are claiming $82 parking fines they received are unfair as the jurisdiction of the area changed from City of Sydney council (COS) to state government without clear public notice.

Previously the riders were able to park free in the Rocks, Pyrmont and Darling Harbour areas including outside designated bike-only zones as long as they adhered to the time restrictions.

However, the state reclaimed the land in January, according to the council, and installed private company parking meters at the end of August 2019.

The COS website was only changed on 17 September 2019 after several motorcyclists complained, according to Property NSW.

“Disputed infringements issued before the website was updated have been waived,” they say.

Fines unfair, say riders

Riders claim parking fines unfair
Jin and his yamaha custom

However, riders Jin Weng and Andrew Johnstone missed the change on the website and say the fines are unfair as there was not enough notice provided that the change had occurred.

Property NSW say “signage informing motorists and riders of the change of operation was placed on the meters from the time of the transition, which was managed in collaboration with City of Sydney, and notices were distributed to residents”.

However, Jin claims the road signs are “exactly the same” and the website was updated nine months after the change of jurisdiction.

“Motorcyclists cannot be expected to read the website everyday before parking a bike to ensure a road ownership hasn’t changed,” he says.

Andrew says he was unfairly slapped with an $82 fine along with about eight others in the bike-only zone in the Rocks. 

Riders claim parking fines unfair
Andrew and his scooter

The zone ends at 6pm and then it is four-hour meter parking. 

“I got done at 7.23pm. Previously under Sydney Council Laws there was no meter fee payable. Now this has changed,” Andrew says.

“I never saw anything on the signs for parking. Maybe the signs were on the meters themselves which naturally we would never look at.

“But the website just states part of the Rocks and the link does not link to an exact map and it says to check signs. Signs are no different to any other signs across the city.”

Jin received a parking fine Cumberland St outside a City of Sydney recreation centre because new parking meters were installed by a private company on a road at the doorstep of the COS  recreation centre.

“Other areas within Sydney not under the COS jurisdiction have clear indication at the location that it is managed by a different authority such as areas in the Royal Botanic Gardens and Domain.

“Sufficient notification should have been given when the changes occurred, the signs and parking meters at Cumberland St is exactly the same as anywhere else in the city of Sydney,” Jin says.

Loss of spaces

The loss of free motorcycle parking follows the reduction of CBD kerbside parking last year to accommodate bus, pedestrian and cyclist infrastructure.

It prompted a petition for more motorcycle parking space.

Sydney motorcycle parking petition Emma MacIver
Emma launches petition

Petition organiser and commuter rider Emma MacIver says the city is lagging behind Melbourne and the rest of the world and Motorcycle Council of NSW parking subcommittee claimed council’s lack of consultation with riders on the issue was “disappointing”.

Emma’s petition has gained almost 2000 signatures.

Click here to sign her petition and make council pay attention!

Source: MotorbikeWriter.com

Rider dies in head-on crash near Ipswich

A rider in his 20s has died in head-on collision on the Brisbane Valley Highway at Ironbark, near Ipswich, overnight.

Queensland Police say the crash happened about 10.55pm.

They say the motorcycle, ridden by the man from nearby Mt Crosby was heading west when it collided with a sedan travelling in the opposite direction.Ipswich Kronbark

The rider died at the scene and the driver and sole occupant of the car was airlifted to the Royal Brisbane and Women’s Hospital where she remains in a serious condition.

Police have no further details at this stage and Forensic Crash Unit officers are investigating.

We will update with further details as they are available.

If you have information for police, contact Policelink on 131 444 or provide information using the online form 24hrs per day.

You can report information about crime anonymously to Crime Stoppers, a registered charity and community volunteer organisation, by calling 1800 333 000 or via crimestoppersqld.com.au 24hrs per day.

Our sincere condolences to the rider’s family and friends, and our best wishes to the driver for a full and speedy recovery.

Source: MotorbikeWriter.com

Rokon Rocks On 60 Years Later

I really did not know they were still building the original two-wheel drive motorcycle, but they are, cranking out new Rokons at the rate of about six per week at Rokon International HQ in Rochester, NY. Like most of life’s finer things, Rokon began in California, and now CA is the only place you can’t have the road-legal-elsewhere model – the Ranger – one of three Rokons. Great little story over here at Seacoastonline.com.

Rokon

The post Rokon Rocks On 60 Years Later appeared first on Motorcycle.com News.

AJMX reaches halfway at Gillman as heats and finals continue

News 1 Oct 2019

AJMX reaches halfway at Gillman as heats and finals continue

Australia’s top junior riders put on a show during day three.

Image: Foremost Media.

Day three of the 2019 KTM Australian Junior Motocross Championship (AJMX) marked the halfway point as heats and finals continued to unfold at Gillman in South Australia.

Local favourite Alex Larwood maintained his dominance in the second final of the Junior Lites 15 Years class, securing victory by over 19 seconds ahead of Blake Fox and Cameron Torpy.

Larwood once again earned top honours in finals two and three in the 125cc 15 Years category, edging out Fox and Cody Chittick in the first outing of the day, before defeating Fox and Levi Rogers in race three.

Jack Mather emerged victorious in final three of the Junior Lites 13-U15 Years class, beating Brad West and Jackson Camilleri, while heat three of the 125cc 13-U15 Years division was taken out by Jett Burgess-Stevens over Liam Atkinson and Ryan Alexanderson. Heat four went the way of Zachary Watson followed by Hunter Collins and Brock Flynn.

Hunter Collins captured victory in the second final of the Mini Lites BW 14-U16 Years class ahead of Ben Novak and Camilleri, while Collins picked up the win again in final three over Novak and Watson.

Ryder Kingsford was the one the beat in heat three of the Mini Lites BW 12-U14 Years division as he defeated Seth Burchell and Dylan Walsh, while heat four went to Connor Towill over Burgess-Stevens and Byron Dennis. In heat five, Burchell topped the outing followed by Brenton Wilson and Dennis, as heat six was saw the top three completed by Towill, Burgess-Stevens and Kobe Drew.

Heat five of the Mini Lites SW 9-U12 Years division saw Kayden Minear lift top honours alongside Jack Deveson and Jason West, while heat six went to Jet Alsop followed by Liam Owens and Koby Hantis.

Charli Cannon reigned supreme over Madison Healy and Taylah McCutcheon in the third final of the Junior Lites 13-U16 Years Girls class, while the Mini Lites BW 12-U16 Years division raced finals two and three – the second going to Cannon ahead of McCutcheon and Taylor Thompson, with the third once again going to Cannon over Thompson and McCutcheon.

Ky Woods claimed victory in the 65cc 10-U12 Years class, as Cooper Downing and Cooper Ford were victorious in heats five and six in the 65cc 7-U10 Years category. Mason Brown won final two in the 50cc Division 2 7-U9 Years class. Racing resumes tomorrow as all classes commence finals.

Detailed results


Source: MotoOnline.com.au

Penrite Honda Racing signs Oldenburg for SX2 championship

News 1 Oct 2019

Penrite Honda Racing signs Oldenburg for SX2 championship

American import joins Blose in expanded 250 program for AUS Supercross.

Image: Supplied.

American Mitchell Oldenburg has signed with Penrite Honda Racing in the SX2 category for the entire 2019 Australian Supercross Championship, which will take-off in Brisbane, Queensland, on 12 October.

Oldenburg is the latest international to join the series, set to join defending SX1 champion Justin Brayton and Chris Blose – both Americans – alongside South Australian Brett Metcalfe in the Melbourne-based factory Honda team.

“The Australian Supercross Championship is legit,” Oldenburg commented. “I’ve enjoyed watching it online and have wanted to compete in it for a while. The tracks, the crowds, teams and riders are world-class and I am excited to get the opportunity to be a part of it this year.”

Penrite Honda Racing director Yarrive Konsky welcomed Oldenburg to the organisation for the five-round series, before going on to explain the purpose of signing riders from overseas – a strategy that has been immensely successful for the team in supercross locally.

“Mitchell reached out for a few months and we were undecided as to whether or not we would run two SX2 riders, so he came knocking at the right time,” commented Konsky. “He is eager to achieve great results and I believe both of our SX2 riders will be very strong contenders.

“Our primary objective is to put Honda bikes on the top step of the podium, so we look everywhere for the talent that can deliver those results. We have international riders, yes, but as well as our Ride Red program, which supports 10 Australian privateer riders.

“This year every manufacturer has signed international riders, which is exciting as it’s also about expanding our sport. Supercross is a globally-recognised competition with no geographical boundaries – we are putting Australian racing on the world-stage, which gives local guys more exposure and opportunities to race outside of Australia too.”

Oldenburg finished seventh in the Monster Energy Supercross 250SX East series this season, scoring a best result of second position in the main event at East Rutherford as part of the Monster Energy Star Racing Yamaha team.


Source: MotoOnline.com.au