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LiveWire becomes the first EV motorcycle company to list on the NYSE

By General Posts

Harley-Davidson, LiveWire and AEA-Bridges Impact Corp Announce Closing of Business Combination

• LiveWire raises approximately $334m in gross proceeds
• LiveWire becomes the first EV motorcycle company to list on the NYSE
• Trading beings on September 27th under the new ticker “LVWR” on the New York Stock Exchange

MILWAUKEE, NEW YORK and LONDON (September 27, 2022)  —
Harley-Davidson, Inc. (“Harley-Davidson”) (NYSE: HOG), the world’s most desirable motorcycle company, and AEA-Bridges Impact Corp. (“ABIC”) (NYSE: IMPX), a special purpose acquisition company with a dedicated sustainability focus, sponsored by executives of AEA Investors and Bridges Fund Management, today announced the completion of their previously announced business combination under which LiveWire EV, LLC (the “Company”), Harley-Davidson’s electric motorcycle division, combined with ABIC, to create a new public company.

The business combination was officially approved at an extraordinary general meeting by ABIC stockholders on September 16, 2022. Upon completion of the business combination, the combined public company will operate as LiveWire Group, Inc. (“LiveWire”) and its common stock and warrants will begin trading on the New York Stock Exchange (“NYSE”) under the symbols “LVWR” and “LVWR WS,” respectively today, September 27, 2022.

Through this combination, LiveWire will become the first and only EV motorcycle company in the U.S. to list on the NYSE.

“This transaction represents a proud and exciting milestone for LiveWire towards its ambition to become the most desirable electric motorcycle brand in the world,” said Jochen Zeitz, Chairman, President and CEO of Harley-Davidson, and Chairman and CEO of LiveWire. “We believe LiveWire is well positioned to define the two-wheel EV market, and we’re excited about the future – in celebration of our listing today, we’re pleased to open reservations for the production version of the S2 Del Mar for the U.S. market.”

LiveWire will be ringing the opening bell at the NYSE today, to celebrate LiveWire’s public listing

Soulful by design, LiveWire is transforming the everyday into urban adventure and beyond. Building a future for riders differentiated by look, sound, and feel. LiveWire is leading the electrification of motorcycling by means of design, software and experience. Backed by 119-years of engineering and manufacturing heritage but with the agility of a start-up, LiveWire is well positioned to define the future of two-wheel EV.

About LiveWire
LiveWire is the future in the making for the pursuit of urban adventure and beyond. Drawing on its DNA as an agile disruptor from the lineage of Harley-Davidson and capitalizing on a decade of learnings in the EV sector, LiveWire’s ambition is to be the most desirable electric motorcycle brand in the world. With a dedicated focus on EV, LiveWire plans to develop the technology of the future and to invest in the capabilities needed to lead the transformation of motorcycling. LiveWire benefits from Harley-Davidson’s engineering expertise, manufacturing footprint, supply chain infrastructure, and global logistics capabilities. Innovating by design and attracting industry-leading talent, LiveWire is headquartered virtually, with initial hubs in Silicon Valley, CA (LiveWire Labs) and Milwaukee, WI. www.livewire.com

Get All The News You Need To Use on Everything Related to Motorcycles and Motorcyclists — Every Thursday at Weekly News on Bikernet.com


About Harley-Davidson : Harley-Davidson, Inc. is the parent company of Harley-Davidson Motor Company and Harley-Davidson Financial Services. Our vision: Building our legend and leading our industry through innovation, evolution and emotion. Our mission: More than building machines, we stand for the timeless pursuit of adventure. Freedom for the soul. Our ambition is to maintain our place as the most desirable motorcycle brand in the world. Since 1903, Harley-Davidson has defined motorcycle culture by delivering a motorcycle lifestyle with distinctive and customizable motorcycles, experiences, motorcycle accessories, riding gear and apparel. Harley-Davidson Financial Services provides financing, insurance and other programs to help get riders on the road. www.harley-davidson.com

Advisors : J.P. Morgan Securities LLC served as financial advisor to Harley-Davidson, and Latham & Watkins LLP acted as legal counsel to Harley-Davidson. Credit Suisse Securities (USA) LLC served as financial advisor and capital markets advisor to ABIC. Citigroup Global Markets Inc. served as capital markets advisor to ABIC. Kirkland & Ellis LLP acted as legal counsel to ABIC.

Forward-Looking Statements Legend
This communication may contain a number of “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning LiveWire’s possible or assumed future results of operations, business strategies, debt levels, competitive position, industry environment, potential growth opportunities and the effects of regulation, including whether the business combination between the Company and ABIC (the “Business Combination”) will generate returns for shareholders. These forward-looking statements are based on Harley-Davidson’s or LiveWire’s management’s current expectations, estimates, projections and beliefs, as well as a number of assumptions concerning future events. When used in this communication, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements.

These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Harley-Davidson’s or LiveWire’s management’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks, uncertainties, assumptions and other important factors include, but are not limited to: (a) the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of LiveWire to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (b) costs related to the Business Combination; (c) changes in applicable laws or regulations, including legal or regulatory developments (including, without limitation, accounting considerations) which could result in the need for LiveWire to restate its historical financial statements and negatively impact the trading price of LiveWire’s securities; (d) the possibility that Harley-Davidson and LiveWire may be adversely affected by other economic, business, and/or competitive factors; (e) Harley-Davidson’s ability to execute its business plans and strategies, including The Hardwire; (f) LiveWire’s estimates of expenses and profitability and (g) other risks and uncertainties indicated from time to time in the final prospectus of LiveWire, including those under “Risk Factors” therein, and other documents filed or to be filed with the Securities and Exchange Commission by Harley-Davidson or LiveWire. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made.

Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Harley-Davidson and LiveWire assume no obligation and, except as required by law, do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither Harley-Davidson nor LiveWire gives any assurance that LiveWire will achieve its expectations.

Riding Free since 1996

NCOM Biker Newsbytes for September 2022

By General Posts

Industry & Legislative Motorcycle News from USA and the world
Compiled & Edited by Bill Bish

THE AIM / NCOM MOTORCYCLE E-NEWS SERVICE is brought to you by Aid to Injured Motorcyclists (A.I.M.) and the National Coalition of Motorcyclists (NCOM).

In the News this Month:

  • QEII RIP
  • NEW STUDY REVEALS SELF-DRIVING CARS ARE NOT SAFE FOR MOTORCYCLISTS
  • SELF-DRIVING CARS ARE COMING, SOONER THAN LATER
  • CALIFORNIA VOTES TO BAN NEW GAS CAR SALES BY 2035
  • NOTEWORTHY TOO: MAJOR HEATWAVE IN CHINA DISRUPTS SUPPLY CHAIN
  • TEN ELECTRIC MOTORCYCLES DUE FROM HONDA BY 2025
  • ILLINOIS ANNOUNCES ROUND TWO OF ITS EV REBATE PROGRAM, INCLUDING BIKES
  • BIG BROTHER MAY PUT AN END TO SPEEDING IN NEW YORK
  • ONE OF THE WORLD’S MOST POPULATED NATIONS SET TO BAN ALL MOTORCYCLES

Catch all the Details by Clicking Here.

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Get ready for a comprehensive News on motorcycles, every Thursday, only on Bikernet.com

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Chopper Jack Got a Job

By General Posts

Did You Know there is plenty of FREE Biker Fiction on Bikernet.com?

Here is a brand new one!

“Jack worked at the local Harley dealership. He met even more bikers there though the greatest percentage of his customers were buying Honda parts. At the time, the CB450 was the largest displacement motorcycle in the Honda line. Shortly after, the 750 Four would be on the floor and things really began to change.

The mighty Sportster would lose its domination on the streets, but its popularity would stay strong for many years to come.”

A New Breed of Biker Emerged
By Sam Burns

CLICK HERE To Read this new short-fiction only on Bikernet.com

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Click to see the Two-Wheeled Tales section.

NCOM Biker Newsbytes for August 2022

By General Posts

Industry & Legislative Motorcycle News from USA and the world
Compiled & Edited by Bill Bish

In the News this Month:

  • Motorcyclist killed by self-driving car — “the driver of the Tesla said he had the ‘auto-pilot’ setting on…he told police he didn’t see the motorcyclist.”
  • UN set to allow increased speed for autonomous vehicles
  • Honda developing lane assistance system for the “bikes of the future”
  • UK wants to ban the sale of new fossil fueled motorcycles
  • Jury acquits trucker charged with seven-count motorcycle homicide (Yes! Its that New Hampshire trucker!!!)
  • Petition calls for proper punishment for Bike thieves
  • Sturgis traffic down, but still higher than average
  • Bonneville motorcycle speed trials cancelled due to flooding
  • Gold Wing Road Riders Association (GWRRA) calls it quits
  • SAVE THE DATE 2023 NCOM Conevention in Phoenix

Click here to read important motorcycle related NCOM news for August 2022 on Bikernet.com

THE AIM / NCOM MOTORCYCLE E-NEWS SERVICE is brought to you by Aid to Injured Motorcyclists (A.I.M.) and the National Coalition of Motorcyclists (NCOM), and is sponsored by the Law Offices of Richard M. Lester. If you’ve been involved in any kind of accident, call us at 1-(800) ON-A-BIKE or visit www.ON-A-BIKE.com.

QUOTABLE QUOTE:
“But where, says some, is the king of America? I’ll tell you. . . . let a crown be placed . . . , by which the world may know, . . . that in America the law is king. For in absolute governments the king is the law, so in free countries the law ought to be king; and there ought to be no other . . . ” ~ Thomas Paine (1776), Patriot

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Riding Free for 25 years!!!

Kawasaki Rider Jason Anderson Secures Consecutive Podium Finish

By General Posts

Monster Energy® Kawasaki Rider Jason Anderson Secures Consecutive Podium Finish at Washougal

July 23, 2022 | Washougal MX Park | Washougal, Wash.

Foothill Ranch, Calif. (July 24, 2022) – Round 8 of the 2022 AMA Pro Motocross Championship headed to the Pacific Northwest in Washougal, Washington, where Monster Energy Kawasaki’s Jason Anderson claimed his fourth overall podium finish with a third-place result. Fellow Monster Energy® Kawasaki rider Joey Savatgy capitalized on two superb starts to earn seventh overall with 7-7 moto scores. In the 250 Class, Monster Energy®/Pro Circuit/Kawasaki rider Jo Shimoda mastered the forests of Washougal to claim third overall (3-3), while teammate Seth Hammaker battled to respectable 5-8 moto finishes for sixth overall.

The evergreens of the Pacific Northwest provided a picturesque background for the 41st running of the Washougal MX National as a sea of fans cheered on the world’s elite motocross racers. Drastic changes in elevation, dark shadows and mixed soil conditions offered unique challenges for all riders from the start of qualifying. The 450 Class qualifying sessions began with both Anderson and Savatgy recording lap times inside the top-10 before electing to make slight bike adjustments to better suit the slick track conditions. As the second qualifying session began winding down, Anderson recorded a 2:11.361 lap time to qualify third overall. An accident towards the end of the second session cost Savatgy the opportunity to better his 2:14.155 time from the first session but was still fast enough to rank the No.17 ninth fastest heading into Moto 1.

The start of 450 Moto 1 would see both Monster Energy Kawasaki riders emerge from the first turn inside the top-5. Anderson and Savatgy utilized the power of their KX™450SR motorcycles to keep the leaders within reach early on. A mistake by Anderson on Lap 2 would drop the No.21 back to seventh however, a quick recovery allowed the New Mexico native to maneuver past his competitors and back into fourth place within one lap. Running 15 seconds behind his closest championship points rival, Anderson steadily chipped away at the deficit as the race progressed. With less than 10 minutes left in the moto, Anderson placed heavy pressure on the rider in third before lighting up the roars of the crowd by making the pass for the podium. Meanwhile, the No.17 was engrossed in a three-rider battle for sixth nearly the entire duration of the race. When the checkered flag flew, Anderson crossed the line in third and Savatgy finished seventh.

The second 450 Class moto began with both Monster Energy Kawasaki riders again crossing the holeshot line inside the top-5. The No.21 established himself in third from the start of the race and briefly latched onto the leaders pace, but slick conditions and deep ruts made it difficult for Anderson to match the pace. Savatgy settled into fifth early in the race but came under heavy pressure around Lap 4. Unwilling to concede the position, Savatgy raised the pace and focused forward. This pressure forced a mistake by the rider ahead, allowing Savatgy to capitalize and secure fourth for a couple laps before a mistake of his own dropped him three positions. At the finish, Anderson secured his second consecutive podium result with a third overall (3-3), while Savatgy brought home a respectable seventh overall with 7-7 finishes.

“Being the third best guy out there is hard to accept. I expect to be up front every round and I’ve proven I have the speed to do it, but we just didn’t have it today. The guys up front were running a crazy pace. All in all, it was still a good day for us and we made up points in the race for third in the championship. We’ll try to keep this podium streak going as we head into the final four rounds.” – Jason Anderson

“I had a scary moment in practice after I caught my foot in a rut coming off the face of a tabletop. It could’ve been really bad but I’m happy I was able to save that one. Overall, seventh is right around where I expect to be right now. Obviously, I’d like to be up front with the leaders, but we’re making progress. If I can keep fighting for the fourths, fifths and sixths until the end of the season I’ll be proud.” – Joey Savatgy

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Monster Energy/Pro Circuit/Kawasaki rider Seth Hammaker was poised to improve on his seventh-place result from last weekend as he set the fourth fastest time in 250 Class qualifying (2:13.741).

Meanwhile, Shimoda clocked in the seventh fastest lap (2:14.252) overall.

At the start of Moto 1, Shimoda launched his KX™250 out the gate to claim the holeshot and the lead. Teammate Hammaker was also out to a great start, emerging from the first turn in fourth. With a clear track ahead, the Japanese-born sensation tried to break away from the pack but was instantly met with heavy pressure from the rider in second. The No.30 had the crowd on their feet as he defended attack after attack from his opponent for four laps before conceding the position. The pressure didn’t stop there, however, as Shimoda was again faced with pressure from another competitor behind. The roars of the crowd followed Shimoda around the track as he used a combination of raw speed and optimal line selection to maintain second position. The intense battle reached its climax when the No.30 dropped to third. Fellow Monster Energy/Pro Circuit/Kawasaki rider Hammaker was sitting comfortably in fourth most of the race before a former 250 Class Championship began creeping up behind him. Unphased by his opponent, Hammaker upped his pace and fended off his attacker for six laps before settling for fifth. When the checkered flag came out, Shimoda crossed the line in third and Hammaker was not far behind in fifth.

The second 250 Class moto hosted green out front again as Shimoda came across the holeshot line in third and Hammaker close behind in fifth. A quick pass by the No.30 moved him into second before the end of the opening lap. With only one rider in front, Shimoda began to slowly chip at the leader’s advantage until he was caught in a battle of his own to maintain second place. Shimoda did all he could to hold last year’s 250 Class champion at bay but a slight bobble down the backside of Horsepower Hill saw the No.30 move into third. The battles for Shimoda continued down to the checkered flag as he put on a heroic effort to hold off the Moto 1 winner for the last two laps of the race and cross the finish line in third. Hammaker, comfortably in fifth for much of the race, faced a mid-moto push by the riders behind who caught up to the No.47 and moved him back to eighth by the time the checkered flag flew. Despite Shimoda’s brilliant 3-3 performances, the swapping of positions from the top four riders awarded the No.30 fourth overall with his teammate Hammaker securing sixth (5-8).

“Overall, it was a good day with me getting the holeshot and leading in Moto 1. I was able to stick with the leaders for a long time and win some hard battles which is nice because I think my speed was off today. Next week we’re going to do some more practicing before taking a little break to recharge during the off weekend so we can finish the season strong.” – Jo Shimoda

“It felt good to mix it up with the guys inside the top-five for as long as I did in both motos. My goal is to keep progressing with each week and hopefully, after the two-week break, we’ll come back recharged and ready to battle for podiums.” – Seth Hammake

NCOM Biker Newsbytes for July 2022

By General Posts

Silver Spoke Winners 2022

Industry & Legislative Motorcycle News from USA and the world
Compiled & Edited by Bill Bish

  • NCOM Convention Rocks Nashville
  • New Motorcycle Organizations join NCOM
  • Fuel Transperancy
  • Tennessee waives Registration Fees for One Year
  • Iowa ATV Riders now have greater access to State Roads
  • New York gets tough on Non-Legal Road Bikes
  • No more Licenses required for Three-Wheelers in Utah

CLICK Here to Read this July Newsbytes on Bikernet.com

The National Coalition of Motorcyclists (NCOM) is a nationwide motorcyclists rights organization serving over 2,000 NCOM Member Groups throughout the United States, with all services fully-funded through Aid to Injured Motorcyclist (AIM) Attorneys available in each state who donate a portion of their legal fees from motorcycle accidents back into the NCOM Network of Biker Services
Visit: www.ON-A-BIKE.com or contact 800-ON-A-BIKE.

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Gear up to ride to your favorite Motorcycling Events – Click Here to checkout the all-new 5-Ball Racing Shop

Bandit’s Bedroll – also available in Leather

AFT FTR750: Indian Motorcycle crushes competition at Port Royal

By General Posts

INDIAN MOTORCYCLE RACING CRUSHES THE COMPETITION AT THE PORT ROYAL HALF-MILE
WITH BAUMAN, VANDERKOOI AND MEES SWEEPING THE PODIUM FOR THE SECOND CONSECUTIVE WEEKEND

Win Marks Briar Bauman’s Third of the Season and Closes Championship Chase to 8-points

Jarod Vanderkooi Continues to Impress with Back-to-Back Second-Place Finishes

Minneapolis, MN. (July 18, 2022) – Indian Motorcycle Racing, presented by Progressive Motorcycle Insurance, had another outstanding night of racing at the Port Royal Half-Mile in Port Royal, Pennsylvania, with Briar Bauman riding unchallenged throughout the 26-lap Mission SuperTwins Main Event to claim his second consecutive victory. In another FTR750 podium sweep, Bauman was joined by privateer Jarod Vanderkooi in second and current points leader, Jared Mees, taking third.

In the main event, Bauman was swift off the starting line, getting the hole shot and an immediate lead over Mees, running close behind in second. Despite early attempts by Mees to overtake him, Bauman remained unphased, opening up a gap on Mees and the rest of the field. Bauman led wire-to-wire, ultimately taking the checkered flag for his third win of the season. Meanwhile, Mees was entangled in a heated battle with Vanderkooi for second. With less than a minute and two-laps remaining, Vanderkooi made a bold move, taking the higher outside line to pass Mees and secure his second-place spot on the podium.

“Tonight was another incredible night of racing and a testament to the talent and grit of our riders. Considering the restrictions that have recently been imposed on the FTR750, it’s all the more gratifying to sweep the podium for the second consecutive weekend,” said Gary Gray, Vice President Racing, Service & Technology for Indian Motorcycle. “Briar’s [Bauman] incredible will has been on display at these past two events, and as a result, he’s back in the hunt as the battle for the championship tightens. It’s looking to be an absolute dogfight over the remainder of the season.”

Mees continues to lead the championship with 173 points, while Bauman now sits solidly in second place trailing by a mere eight points.

In addition to the incredible racing action, the night was filled with emotion for Bauman and the entire paddock, following the tragic loss of a fellow racer, Ryan Varnes, at the recent New York Short Track. Bauman paid tribute to Varnes throughout his winning night, memorializing Varnes’ by donning his number 68 and including Varnes’ girlfriend, Jennifer Hoshauer, with him on his victory lap.

The 2022 AFT season will continue on Saturday, July 30 at the Peoria TT in Peoria, IL.

Sponsors for Indian Motorcycle Racing’s American Flat Track efforts include Progressive Insurance, S&S®, Indian Motorcycle Oil, Mission Foods, Bell Helmets, Drag Specialties and Parts Unlimited.

For more information on Indian Motorcycle Racing, visit IndianMotorcycle.com and follow along on Facebook, Twitter and Instagram.

ABOUT INDIAN MOTORCYCLE® : Indian Motorcycle is America’s First Motorcycle Company®. Founded in 1901, Indian Motorcycle has won the hearts of motorcyclists around the world and earned distinction as one of America’s most legendary and iconic brands through unrivaled racing dominance, engineering prowess and countless innovations and industry firsts. Today that heritage and passion is reignited under new brand stewardship. To learn more, please visit www.indianmotorcycle.com

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Motorcycle Mondays Presents “Hot Weather Riding & The Ornery Couple”

By General Posts

Open Road Radio –America’s Standard in Motorcycle Talk RADIO Show – celebrating 25 years & streamed live weekly!

Join our host Gina Woods, Scrapper Dan, Penny FXR 😊 is OUT tonight, but we have the be-Dazzlin in the house with Justin in the Full Throttle Law studios from Viva Las Vegas!

New to the show Dave Ratner makes a special appearance and Peter Cage our new effin awesome engineer is in the house!

We discuss Hot Weather Riding & ways to eliminate letting the elements get to you in these extreme temps!

LIVE Mon Nite 9:00 pm-10:00 pm EST: Coast to coast & worldwide!
1400 AM 107.1 FM KSHP- Las Vegas

Featuring The Ornery One & his Ornery Squaw: Motorcycle travels on a budget to inspire individuals! 100 proof of Onery w/ a double shot of LOVE. They are currently on a cross country trip riding border to border & coast to coast while making their way to The Best Party Anywhere: Sturgis Buffalo Chip! They’ll be riding roughly 11,000 miles from Maryland to California via HWY 50 the “Loneliest Road in America” and Texas to New York via HWY 62 the only US Highway that runs border to border & to boot they have a treasure hunt going on, which we’ll be sure to get the scoop on tonight….

We’ll put a wrap on it by discussing motorcycle events coming up and NEXT week a Sturgis 2022 preview!

WATCH & Share The Promo Video: https://animoto.com/play/igcRrrmo6PkkxdPTf9exiw

Our show is fueled by Andrews Products, Sea Foam Products, Harley-Davidson, Full Throttle Law, Bike Show Mafia, Motorcycle Safety Foundation, Chixs On 66, MegWear, & Biker Belle’s Women’s Day Buffalo Chip

Hold on tight it’s going to be a thrilling ride!

Follow & Know more about Open Road Radio at:
https://facebook.com/Roadhost
https://facebook.com/gina.woods.961
https://www.youtube.com/channel/UCgY9e0X2D_z7pywy7d1QuLg

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Guess the first motorized vehicle to cross the U.S.

By General Posts

First motorized vehicle to cross the U.S. wasn’t a car – it was a bike
by Jeff Peek from Hagerty.com

George A. Wyman made a name for himself as a bicycle racer, but he reached legendary status 119 years ago.

He rode a motorized two-wheeler from San Francisco to New York to become the first person to cross the North American continent aboard an engine-powered vehicle.

Read this Photo Feature Article on Bikernet.com – Click Here

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Celebrating 25 years of www.Bikernet.com

Celebrate America’s Birthday : greetings from MRF

By General Posts

Happy Birthday America – Celebrate Independence Day

This fourth of July we celebrate the birth of American independence. We at the Motorcycle Riders Foundation would like to recognize that freedom is not free and thank those in our armed forces for defending all of our freedoms. Perhaps Patrick Henry said it best back in 1775 when he declared “Give me liberty or give me death!”

Why we celebrate: In June 1776, representatives of the 13 colonies then fighting in the revolutionary struggle weighed a resolution that would declare their independence from Great Britain. On July 2nd, the Continental Congress voted in favor of independence, and two days later its delegates adopted the Declaration of Independence.

AboutMotorcycle Riders Foundation: The Motorcycle Riders Foundation (MRF) provides leadership at the federal level for states’ motorcyclists’ rights organizations as well as motorcycle clubs and individual riders.
Visit: www.mrf.org