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Bonhams announces its first motorcycle auction in Italy

Bonhams Motorcycles Says Buongiorno Italia with Debut Sale at Moto Dei Miti FIRST MOTORCYCLE SALE IN ITALY 1-3 APRIL 2022 AT WORLD-RENOWNED MUSEUM OF GENESIO BEVILACQUA 2011 ALTHEA WORLD SUPERBIKE AND SUPERSTOCK CHAMPIONSHIP WINNING MOTORCYCLES ARE EARLY HIGHLIGHTS Bonhams is proud to announce its first motorcycle sale in Italy – in the world-renowned Moto dei Miti museum, created by paddock great Genesio Bevilacqua, founder of the Althea Racing team, which will be staged on 1-3 April 2022. The weekend sale is the result of a new partnership with Genesio, which will see his museum, located in Civita Castellana (on the outskirts of Rome) provide a fitting venue for the 100-plus collectors’ motorcycles to be offered. Telling the story of the evolution of motorcycle racing over the past 50 years, the museum represents Genesio’s own racing experience – as amateur rider and professional team manager – and his passion for two-wheeled sport and culture, featuring some of the most important sports and competition motorcycles of the modern era. Genesio became General Manager in 2007 of the start-up Althea Racing Team, which picked up trophies in the World Superbike and Supersport series, winning both world championship titles in 2011, with Carlos Checa and Davide Giugliano respectively riding to victory. In 2016, with BMW as partner, Althea again won the World Superstock Championship, with Raffaele Da Rosa in the saddle. The ex-Carlos Checa, 2011 World Superbike Championship-winning Ducati 1198 F11 estimate for sale is €110,000 – 130,000 Genesio will offer 27 machines from his collection for sale in the debut auction, including the two 2011 World Champion motorcycles: Carlos Checa’s Ducati 1198 RS and Davide Giugliano’s Ducati 1198 F12 and one of Raffaele De Rosa’s victorious BMW S 1000 RRs from 2016. All motorcycles in the collection are ‘on the button’ and ready […]

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Suzuki’s profit beats estimate, steps up dividend

from https://www.reuters.com TOKYO (Reuters) – Suzuki Motor (7269.T) posted its lowest annual operating profit in four years on Tuesday as the coronavirus pandemic hit demand for its cars, but the earnings beat estimates and the Japanese automaker raised its dividend, sending its shares surging. Profit came in at 215.1 billion yen ($1.99 billion) for the year to March, down 34% from a year ago and its lowest since the year ended in March 2016. But it was higher than an average estimate of 201 billion yen profit drawn from 15 analysts polled by Refinitiv. Suzuki, the country’s No. 4 automaker, declined to give an earnings forecast for the current business year, citing uncertainties about the longer term impact of the coronavirus on its operations and sales. It announced a year-end dividend of 48 yen per share, up from 37 yen a year ago, which included a special dividend to commemorate the centenary of the company’s foundation. Suzuki shares soared as much as 9% on Tuesday. The automaker sold 2.85 million vehicles globally in the year to March, down 14% from a year ago. In India, where it sells roughly one in every two cars sold through its majority stake in Maruti Suzuki India Ltd (MRTI.NS), the automaker sold 1.44 million units, down 18% on the year. India accounts for just over half of Suzuki’s global car sales. Suzuki has largely resumed full production of cars and motorcycles in Japan this week, while Maruti, India’s top-selling car maker, has also restarted domestic output, after a drop in demand due to the coronavirus and orders to curb movements of people forced manufacturers to shut factories in March. ($1 = 107.8300 yen)

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