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Ford Makes Several Big Announcements Ahead of Today’s Capital Markets Event

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By Jim Cramer and the AAP Team Ford’s Capital Markets Day kicks off this morning at 9:30 a.m, and the company made several big announcements ahead of the event in the press release here. Most notably, Ford (F) announced plans to accelerate its investment in electric vehicles and battery development to more than $30 billion by 2025. This is a solid step up from the $22 billion Ford previously earmarked to investment in electrification, and we think investors will appreciate this increased focus given how fast the industry is transitioning away from internal combustion engines. Additionally, Ford finally put a target around how much of their global fleet will be fully electric by the end of this decade. Ford now anticipates 40% of its global vehicle volume to be fully electric by 2030. Ford’s EV fleet includes the Mustang Mach-E, which has brought in so many new customers to Ford, the newly introduced F-150 Lightning, which now has 70,000 customer reservations, and the upcoming E-Transit, which Ford said will be on the road later this year. We continue to believe Ford’s highly recognizable car brands positions them to be a leader in EVs. The company is also establishing a new global vehicle service and distribution within Ford that is dedicated to commercial and government customers. It’s called Ford Pro, and the company plans to increase the commercial market for hardware and adjacent and new services that are addressable by Ford by providing customers with greater value and higher productivity. Ford sees this business achieving company revenue of $45 billion by 2025, up from $27 billion in 2019. Connected Services is also a big focus. Ford said it will have about one million vehicles that are capable of receiving over-the-air system updates on the road by the end of this year. […]

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Brooks’ lemon law bill for motorcycles clears Senate

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from https://www.meadvilletribune.com The state Senate has unanimously approved legislation introduced by Sen. Michele Brooks to enact a “lemon law” for motorcycles, to better protect consumers who purchase or lease motorcycles with manufacturing defects that cannot be remedied after several attempts. Currently, the Automobile Lemon Law protects those who purchase vehicles by requiring manufacturers to repair any defect that significantly affects the use, value or safety of the vehicle, as long as the defect emerges soon after it is acquired. However, no similar protections are offered to those who purchase motorcycles, leaving the owner to either pay for repairs or fix the problem themselves. S.B. 82 remedies this inequity. “Whether a vehicle has two wheels or four, consumers who make major vehicle purchases should be protected from manufacturing defects,” said Brooks, whose 50th District includes Crawford County. Under the bill, a defective motorcycle would be replaced, or its cost would be refunded, if it could not be repaired after three attempts within one year of the delivery of the cycle to the purchaser, or during the term of warranty, whichever occurs first. S.B. 82 heads to the House of Representatives for that chamber’s consideration. Lemon laws are United States state laws that provide a remedy for purchasers of cars and other consumer goods in order to compensate for products that repeatedly fail to meet standards of quality and performance. Although many types of products can be defective, the term “lemon” is mostly used to describe defective motor vehicles.

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BIKERNET GUN NUT ALERT

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Tomorrow, Wednesday May 26th, David Chipman is scheduled to testify before the Senate Judiciary Committee whose meeting starts at 10:00 a.m. EST. David Chipman has been nominated by President Biden to serve as the new ATF Director, and we are opposed to him serving in this role due to his long history as a gun control advocate. You can read more about his background here. We are asking that you please contact your Senators and urge them to opposeDavid Chipman as ATF Director by clicking the red button below. Contact My Senators The first of several Executive Actions that President Biden announced back in April now requires your input. President Biden directed the Justice Department to “propose a rule to help stop the proliferation of ghost guns” — and they have done just that. On Friday, May 21st, the proposed rule was posted in the federal register and the 90-day comment period officially opened. You can read the proposed rule here. We ask that you take some time to formulate your thoughts and submit a personalized comment by clicking the blue button below. Comment Against Proposed Rule All comments are due by August 19th. Given that we have a couple of months before comments are due and any action can be expected by ATF, we are taking some time to go through the proposed rule and will be updating everyone on what the most egregious parts of this new rule are. In general, this proposed rule seeks to prohibit private individuals from possessing certain unregulated components commonly used by hobbyists to make their own firearms. Yours in Freedom, Ken Lan NRA-ILA Grassroots Programs & Campaign Field Operations http://www.nrailafrontlines.com/

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UK considers scrapping Trump-era tariffs on US whiskey and motorcycles

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by Stefan Boscia from https://www.cityam.com The UK will review its tariffs on US products like whiskey, tobacco and motorcycles in a bid to get Joe Biden to drop Trump-era tariffs on British steel. International trade secretary Liz Truss announced today that she would launch a six-week consultation with British businesses to consider “re-balancing measures” that could see some of the tariffs scrapped. Truss said she wanted to “de-escalate trade tensions” so that the “US and UK can move forward to the next phase of their trading relationship”. The UK’s tariffs on US goods were in retaliation for Donald Trump’s Section 232 tariffs on British steel and aluminium. Trump’s White House said the trade barriers were required for national security reasons, however the policy was widely thought to be a part of the ex-president’s attempt to boost US manufacturing. “We now have the power to shape these tariffs so they reflect UK interests, and are tailored to our economy,” Truss said. “The UK will do whatever is necessary to protect our steel industry against illegal tariffs that could undermine British industry and damage our businesses. “Ultimately, however, we want to deescalate these disputes so we can move forward and work closely with the US on issues like WTO reform and tackling unfair trade practices by non-market economies.” Truss successfully got the US to agree to suspend US tariffs on Scotch whisky and other products earlier this year in a large step toward de-escalating trade tensions. City A.M. exclusively reported in March that Truss and her allies believed this milestone could provide a path to the US scrapping other Trump tariffs. Read more: Exclusive: UK to begin backdoor push to get Joe Biden to dump Trump’s steel tariffs Resolving the trade dispute with the US over steel tariffs could mark another step

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Story of Bag Lady Sue

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From Bags to Riches – a book by Suzanne ‘Bag Lady Sue’ Austin. You can find out more about her and order the book from her website www.bagladysue.com Click Here to read Rogue’s comments on the book at Bikernet. Join the Cantina for more – Subscribe Today. https://www.bikernet.com/pages/custom/subscription.aspx

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Pandemic defense update from J J Solari

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The mall near where I live, and which has a bowling alley emporium has declared that at least until further notice customers may actually eat food in the “food court.” Which is where you get-and-eat food to eat in the food court, but which has been forbidden-behavior for nearly a year and a half in the interests of safety. – J J Solari Click Here to read the new article from J J Solari only on Bikernet. Join the Cantina – Subscribe Today. https://www.bikernet.com/pages/custom/subscription.aspx

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Do You Own a Motorcycle Airbag if You Have to Pay Extra to Inflate It?

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by EditorDavid from https://tech.slashdot.org “Pardon me while I feed the meter on my critical safety device,” quips a Hackaday article: If you ride a motorcycle, you may have noticed that the cost of airbag vests has dropped. In one case, something very different is going on here. As reported by Motherboard, you can pick up a KLIM Ai-1 for $400 but the airbag built into it will not function until unlocked with an additional purchase, and a big one at that. So do you really own the vest for $400…? The Klim airbag vest has two components that make it work. The vest itself is from Klim and costs $400 and arrives along with the airbag unit. But if you want it to actually detect an accident and inflate, you need load up a smartphone app and activate a small black box made by a different company: In&Motion. That requires your choice of another $400 payment or you can subscribe at $12 a month or $120 a year. If you fail to renew, the vest is essentially worthless. Hackaday notes it raises the question of what it means to own a piece of technology. “Do you own your cable modem or cell phone if you aren’t allowed to open it up? Do you own a piece of software that wants to call home periodically and won’t let you stop it?” This Motorcycle Airbag Vest Will Stop Working If You Miss a Payment by Aaron Gordon from https://www.vice.com Airbag vests are pretty much exactly what they sound like, garments worn by people who undertake exceedingly dangerous personal hobbies in order to slightly reduce the risk of severe bodily harm or death. For example, in 2018 the motorcycle racing circuit MotoGP made airbag vests mandatory. Since then airbag vests have become steadily

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NHDRO Race – Lee and Adams Take $67,000 Shootout

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RACE REPORT – NHDRO $67K Big Bracket Shootout Season Opener presented by Liguori Drag Racing by Tim Hailey event: NHDRO $67K Big Bracket Shootout Season Opener presented by Liguori Drag Racing when: May 13-16, 2021 where: National Trail Raceway, Hebron, Ohio, USA NHDRO’s Brian and Niki Welch have really perfected their Big Money bracket shootout formula with last weekend’s $67,000 Big Bracket Shootout presented by Liguori Drag Racing at National Trail Raceway in Hebron, Ohio. A no-box ladder and delay box ladder (64 bikes each) raced for $33,000 a piece before facing off against each other for a $1,000 bonus. How fair is that for spreading the wealth? Click Here to read the race coverage on Bikernet. Join the Cantina for more – Subscribe Now. https://www.bikernet.com/pages/custom/subscription.aspx

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A Biker celebrates his 90th birthday by riding his motorcycle

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by Karassa Stinchcomb from https://www.kxnet.com by Eloise Ogden from https://www.minotdailynews.com Berthold farmer and motorcyclist celebrates his 90th birthday in a big way. Some people say he’s a legend in the motorcycle community. He celebrated a big milestone that some people never get to experience — his 90th birthday. “You only turn 90 once. It’s a pretty big deal! And for somebody to still be riding at 90 is huge!” said Kelsey Schlag, the marketing manager at Magic City Harley Davidson. Schlag is talking about Oliver Skinningsrud, better known as Ole. Ole is an active motorcyclist — even at age 90. “Ole’s been tickled to death! 90 years old, it’s pretty special somebody 90 can still ride like Ole does,” said David Williamson, Ole’s friend. The biker community stepped up to throw him this once-in-a-lifetime celebration. More than 20 bikers from KAHU, Minot Hog Chapter, Norsemen and Ramblers motorcycle clubs rode with Ole to the Magic City Harley Davidson shop from Berthold. He also received a special escort from the sheriff’s department. Skinningsrud on his trike, a red Harley-Davidson three-wheeler, led the group of about 45 motorcycle riders from Berthold to Minot, followed by Ward County Sheriff’s Department vehicles with flashing lights. Around 100 people were at the Harley-Davidson dealership for a birthday gathering there. A Korean War veteran who served in the U.S. Marine Corps, was honored earlier in the day at a noon lunch with friends and neighbors at Carpio’s Senior Citizens Center. “When Ole found out, oh he just couldn’t believe he was getting escorted!” Williamson said. “It was wonderful! Yep. They sure did a good job,” Skinningsrud said. “This is great! I wasn’t expecting all of these people, so I think that really shows how great the biker community is,” Schlag said. Everyone enjoyed dinner, good conversation

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Gearhead’s Trike Story

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by Tim Graves with photos from Sam Burns That old trike was a real Frankenstein’s monster. She was the back end of a Corvair of a 1960 vintage and a front end of a Honda CB 500. She had a full-size keg gas tank on the chariot bed over the engine. The driver seat was a plastic Baja bucket. The passenger seat was none. Just a little history of what started me on the biker’s road. Click Here to Read this Photo Feature Article only on Bikernet. Join the Cantina for more – Subscribe Today. https://www.bikernet.com/pages/custom/subscription.aspx

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