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Entries in Motorcycles (3)

Tuesday
Jun262012

Yamaha Plans $500 Motorcycle for India

Graham Crouch/Bloomberg via Getty Images(SHIZUOKA, Japan) -- A $500 motorcycle may be on the horizon for shallow-pocketed two-wheeler enthusiasts in India and across the globe.

According to Yamaha Motor Co., the company is in the planning stages of creating its cheapest motorcycle in India.

Yamaha reportedly hopes the new bike will boost its sales in the country to 2 million vehicles by 2016. It sold 520,000 cycles there in 2011 and expects to sell 640,000 in 2012.

This would be the third Yamaha model available in India, after the Crux, which sells for $635, and the YBR, which goes for $760.

Hiroyuki Suzuki, chief executive of India Yamaha Motor Pvt. Ltd., told The Wall Street Journal that it was time for Yamaha to “address a bigger part of the market.”

“Just about one in every 25 people in India owns a two-wheeler,” he said. “There is a huge scope to attract more buyers with a fuel-efficient product that is priced reasonably.”

The company, which announced a five-year plan in May to build new products and a facility in India, did not set a release date for the motorcycle but said it would be exported.

According to The Wall Street Journal, Yamaha, which now has a market share of 3.5 percent, aims to control 10 percent by 2016.

Copyright 2012 ABC News Radio

Tuesday
May012012

Man Sues BMW, Blames Motorcycle for Embarrassing Problem

ROBERTO SCHMIDT/AFP/Getty Images(SAN FRANCISCO) -- San Francisco biker Henry Wolf has sued BMW, claiming his 1993 motorcycle from the German manufacturer has left him with an erection lasting two years.

In paperwork filed in San Francisco Superior court, the San Francisco Gate reports Wolf is claiming "mental and emotional anguish" because the bike's "ridged seat" left him with a "severe case of priapism" -- or an erection that can't subside -- after he took a four-hour motorcycle trip.

Wolf maintains he's suffered wage loss and racked up medical bills from his condition. He's seeking an unknown amount in damages.

Working in BMW's favor is the fact that the seat wasn't made by the manufacturer. It was added later by the claimant.

Copyright 2012 ABC News Radio

Wednesday
Jul202011

Harley-Davidson Reports Increase in US Bike Sales

Jupiterimages/Thinkstock(MILWAUKEE) -- More people in the U.S. are getting their motor running on new Harley-Davidson motorcycles, as sales of the iconic bikes are up.

The company says it saw a 7.5 percent increase in U.S. bike sales in the last three months of this year compared to 2010. It's the sales boost for Harley in five years.

The biggest jump came among women buyers, African Americans, and people younger than 35 years old. The company says it's still cautious about the overall economy.

Copyright 2011 ABC News Radio







ABC News Radio