business

115-year-old Motorcycle dealer to ride into the sunset

by Warren Scott from https://www.heraldstaronline.com WINTERSVILLE — John and Kim Neidengard said preparing for the Feb. 27 closing of their 115-year-old family business is a bittersweet experience. After selling Harley-Davidson motorcycles and related gear to hundreds of area residents, they are looking forward to spending more time riding together on the road and visiting their adult children and grandchildren. But the couple of 23 years said they will miss seeing their regular customers, working with others to organize poker runs that have raised thousands for charity and carrying on a legacy culminating in the state’s oldest family-owned Harley-Davidson dealership. Kim admitted she became a motorcycle fan after meeting John 28 years ago, noting his love of cycling started at an early age. “I worked here probably since I was 12,” said John, who noted it was common for children in family-run businesses to help out “as soon as you were old enough.” “As soon as I graduated from high school, I went to full time,” he said, adding he never thought of doing anything else. John said in that regard, he was much like his father, John F., who had worked for his father, G.H. Neidengard, a machinist who opened the family’s first motorcycle shop at 137 South Third, Steubenville. John said G.H. was a friend of the first Steubenville man to own a motorcycle and quickly fell in love with them. Early motorcycles were little more than bicycles with motors, noted John, but they offered low-cost transportation at a time before Henry Ford’s Model T made automobiles affordable to most people. They also were a form of entertainment, as motorcycle enthusiasts participated in hillclimbs and races that, in the days before radio and television, drew many spectators. John said the first shop was quite large, with second story apartments […]

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Harley’s activist investor backs business reboot strategy

by Rajesh Kumar Singh from https://www.reuters.com CHICAGO (Reuters) – An activist investor who shook up Harley-Davidson Inc (HOG.N) earlier this year said he is impressed with the changes initiated by new Chief Executive Jochen Zeitz to turn around the 117-year-old motorcycle company. Impala Asset Management, the $2.4 billion hedge fund, pushed for the ouster of Zeitz’s predecessor Matt Levatich in January. Months later, it tried to install two directors on Harley’s board, asking for operational fixes to recover its market share in the United States, Europe and Japan. “For the first time in five to six years, the company is on the right track again,” Bob Bishop, founder and chief investment officer at Impala, told Reuters. Zeitz, who took the reins in February, is rebooting Harley’s business by shifting the focus back to big bikes, traditional markets like the United States and Europe, and older and wealthier customers. The new strategy echoes some of the changes Impala has been pushing for. Bishop said Harley should not pursue sales growth at any cost. Instead, it needs to market itself like Ferrari and become an “aspirational” brand, he added. Bishop does not buy the argument that Harley’s sales in the United States – its biggest market – are suffering because of an aging customer base. He dubbed that an “excuse” to cover the company’s shrinking market share, citing evidence from Europe and Japan where industry sales of motorcycles have been growing despite older demographics. “When you build up the brand, you will sell more bikes,” Bishop said. “Get rid of this idea that the demographics is killing them.” Impala bought 1.2 million Harley shares in the quarter through June, increasing its stake to 2.52% from 1.73% in the first quarter of the year. It also expects an agreement with Harley next month

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Lyft to pull plug of e-scooter business in six cities, laying off 20 employees

The six cities are Nashville, San Antonio, Atlanta, Phoenix, Dallas and Columbus, as the media report claims. Lyft has notified its employees about discontinuing its e-scooter business in six cities, claims a media report. Also, the company is claimed to be laying off at least 20 employees from the bike and scooter team, where around 400 people currently work. The six cities are Nashville, San Antonio, Atlanta, Phoenix, Dallas and Columbus, as the media report claims. The report further quotes a Lyft spokesperson saying, “We’re choosing to focus on the markets where we can have the biggest impact. We’re continuing to invest in growing our bike and scooter business, but will shift resources away from smaller markets and toward bigger opportunities.” Addition to the 20 Lyft employees, a number of contractors responsible for scooter charging and their repositioning will also lose jobs. Previously, Lyft laid off around 50 people this year, claims the report. Lyft is not the only company to pull out from the micro-mobility segment, as earlier this year, Uber too announced the discontinuation of Jump bikes and scooters from a number of select markets including San Diego, Providence and Atlanta. Lyft currently operates its scooters in cities like Arlington, Austin, Denver, Los Angeles, Miami, Minneapolis, Oakland, San Diego, San Jose, Santa Monica and Washington DC, informs the report further.

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Weekly News and ROT Rally – join the Cantina

What’s hip and what’s real? We see it constantly around us. It’s one of the things I liked about being a biker. It was just me and my motorcycle. I wore what I wore for me and nobody else. Most of us looked like hell most of the time. Who cared? Life is changing fast and in many respects I don’t like the business formula thrust on us by many companies. I try to keep Bandit’s Cantina and Bikernet simple and to the point, no games. As I often say behind a bottle of whiskey. “Time will tell and shit will smell,” as told to me by a Richmond Hells Angel when I was a prospect. READ THE WEEKLY NEWS BY CLICKING HERE Texas ROT Rally hits a homerun This is a ’70s style event where alcohol meets full-frontal nudity. Over 200,000 made the annual pilgrimage to the Austin area to party like it was 1999 and with a good number of them entering the rally. The ROT is a throwback rally where the Harley faithful connect at the Travis County Expo Center for music, stunt shows, vendors and custom bikes. READ THE ROT RALLY REPORT BY CLICKING HERE

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GEX Motor Engines for Trikes

A Popular Volkswagen Engine has become the Heart of Trikes Everywhere. Join the rear of a Volkswagen with the front of a motorcycle, cover it with a sleek body the color of rancid plums or electric blue, chrome the motor, put wide tires on the rear and VOILA, you have a trike. Ready to roar, the trike is fast, lightweight and very fuel efficient. The trike motor can be designed to push 2 or 3 times the weight of the trike itself. It has been called the perfect medium between the car and the bike. There is nothing like riding in the wind on the winged wheels of a motorcycle or trike. At GEX, trike motor sales have become a fast growing segment of the business. The most popular trike motor that we sell is the 1776. It is the perfect combination of performance and reliability. Coming in at about 95 hp with dual carbs, it is the ideal trike motor. For those looking for serious performance, then consider the 2110 cc trike motor. This is a stroked motor with the same diameter piston and cylinder as the 1776 and is about 120 hp. Either of these motors chromed out, with dual carbs and exhaust can be a beautiful addition to the rear of your trike. Let us help you design the motor of your choice to ride into the wind…… READ OUR GEX ENGINE FEATURE HERE…

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