Daily motorbike news, views & reviews
Shares in Australia’s biggest motorcycle dealership conglomerate, MotorCycle Holdings, reports increase revenue and bike sales, yet shares have dropped 13.7% to a six-month low. MotorCycle Holdings, which owns TeamMoto dealerships among others and Cassons accessories, released its six-month results showing new motorcycle sales were up 1% while the total Australian new bike/ATV/scooter market fell 6.1% …
German motorcycle accessory company Touratech AG has filed for insolvency, but riders have been assured it is not voluntary bankruptcy and it is still “business as usual”. It seems insolvency is similar to the American Chapter 11 which allows companies with liquidity problems to trade as normal to resolve financial issues. Robin Box of Touratech …
Australian importing group Urban Moto Imports has been selected to take over the importing of Italian MV Agusta bikes into the US and Canada. The move shows how much faith the Italian manufacturer has in UMI. We wish them well, but it’s going to be a hard slog for the Aussies led by UMI CEO …
The first float of a motorcycle dealership network on the Australia Stock Exchange has been a success and focussed serious and favourable business attention on the motorcycle industry, according to the company’s boss. MotorCycle Holdings Managing Director David Ahmet says the float on April 29, 2016, was over-subscribed seven times. The company has 34 franchises …
Motorcycle businesses in Queensland are losing $5m a week in trade as the government’s crackdown on bikies places up to 10,000 jobs at risk. According to Australian Motorcycle Business Chamber founder Travis Windsor, there are 1500 motorcycle-related businesses in Queensland that turn over $1 billion a year and employ more than 10,000 people. “Since the …
I’ve been testing a couple of bikes recently that got me thinking about being a supposedly rebel biker. Why are bikes and bikers cast as rebels, outlaws, or villains? And indeed is that a bad thing? I see bikes as a green solution to our woeful state of traffic, an easy way to clear up …