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Jan 21
Love0

Hero Motorcycles crosses 100-million milestone in cumulative production

By General Posts

by Aparna Banerjea from https://www.livemint.com

India’s largest two-wheeler maker Hero MotoCorp on Thursday announced that it has surpassed the 100-million (10 crore) mark in cumulative manufactured units with the launch of Xtreme160R.

The launch took place from the company’s Haridwar facility, it added.

“This is also the 20th consecutive year that Hero MotoCorp has retained the coveted title of the world’s largest manufacturer of two-wheelers,” the company said in a regulatory filing.

The two-wheeler company also claimed that the launch of its latest bike is one of the fastest global achievements of the 100 million cumulative production mark, with the last 50 million units coming in a span of seven years.

Hero MotoCorp is also the new authorised entity for sale and service of Harley-Davidson motorcycles in India after the American company exited its India business after ten years of presence.

To mark the occasion, Pawan Munjal, Chairman & CEO, Hero MotoCorp, unveiled six special celebration edition models at the company’s manufacturing facility at Gurugram. The six celebration edition models include Splendor+, Xtreme 160R, Passion Pro, Glamour (motorcycles) and Destini 125, Maestro Edge 110 (scooters) – that will go on sale from February 2021.

Munjal also outlined Hero MotoCorp’s plans and vision for the next five years.

During this timeframe, Hero MotoCorp will aim to further consolidate its leadership position, expand its global footprint, launch products and also work on new innovative product concepts, the company stated.

The two-wheeler manufacturing company will introduce over 10 products – including variants, refreshes and upgrades – every year – as a part of its five-year plan.

“Hero MotoCorp also has a steep growth target for its markets outside India. It will continue to grow its operations in these markets and also enter key markets in new geographies,” the company stated.

Road to 100 Million, a factbox:

-1994 – First Million

-2001 – Five Million

-2004 – 10 Million

-2008 – 25 Million

-2013 – 50 Million

-2017 – 75 Million

-2021 – 100 Million

Hero MotoCorp currently sells its products in more than 40 countries across Asia, Africa, West Asia, and South and Central America. The company has eight manufacturing facilities, including six in India, and one each in Colombia and Bangladesh.

In addition to this, Hero MotoCorp reinforced its presence in Central America by appointing new distributor partners in Nicaragua and Honduras, with aggressive expansion plans for both countries.

Oct 21
Love0

World’s Rarest Motorcycle – Price $35 Million

By General Posts

from https://motorcycles.einnews.com

World’s Rarest Motorcycle – Price $35 Million – The Cosmic Harley Davidson – 10th Anniversary

The Cosmic Harley launched at $1 million sold in 2012 for $3 million and paved the way for the creation by others of multi-million dollar motorcycles.

MARINA DEL REY, CALIFORNIA, UNITED STATES OF AMERICA, October 21, 2020 /EINPresswire.com/ — The Cosmic Starship Harley Davidson Motorcycle is officially 10 Years old today and is currently priced at $35 million. It premiered at a Red Carpet Gala event at Bartels In Marina del Rey, California, in 2010, and was filmed by the world press. As reported in the DuPont Registry , Shelby 50th Anniversary Edition, the Million Dollar Harley sold in 2012 for just over $3 million.

Bill Bartel of Bartel’s, the main California Harley Davidson Dealership, said, “Harley Davidson has been in business since 1903, and this Cosmic Harley, launched just 10 years ago, is the most famous motorcycle ever created. The Red-Carpet Gala Event hosted here rivaled most all movie premieres in California, as artist Jack Armstrong landed from the sky in spectacular style, amid lights and sound, astride the Motorcycle and Lorenzo Lamas rode it along the red carpet into the showroom. The event was, by any measure, an extraordinary feat”

Spokesman for Star Global International Inc., Iain Hammer, said, “This $1/2 Million spectacular launch was the brainchild of CEO Robert Star who conceived the idea to promote this exceptional artist to a new generation of art lovers, much in the same way as the artist’s friend, Andy Warhol, promoted himself with his Campbell’s soup can. Warhol called the artist ‘The Last Wizard of Art’. Jack Armstrong used several layers of paint plus 37 coats of clear and took 6 months to finish the project. The Cosmic Harley just completed a 2-year digital retrospective in New York’s, Times Square and is still being published in luxury magazines such as Life of Luxury and You’ve Arrived along with other major media outlets worldwide.

Jack Armstrong’s Cosmic art is driven by a mystical force that emanated from ‘The Black Star Sapphire of Queensland’. He had seen this gemstone, as a child, in the Smithsonian Museum and was hypnotized by it. He purchased the gemstone some 45 years later and it is estimated to be worth $100 million. The gemstone directed him to create a specific number of paintings in a very specific manner. Each of his 100 paintings is deliberately constructed with the lines, figures and movements, creating the appearance of an accidental, non-compositional technique. Embedded in the colorful and multi-layered acrylic paint, are mysterious messages and words strategically placed to deliver the cosmic energy of the painting to the viewer.

Armstrong, known as the rebel artist, eschewed the top galleries, dealers and auction houses because of their bad practices and set out to self-promote with his unique art form he calls ‘Comic Extensionalism’ abbreviated to ‘Cosmic X’. Armstrong’s 100 only unique, colorful and multilayered canvases are expected to rival the price of Basquiat’s $110 million, achieved at auction in 2017 and possibly become the most sought after and highly valued artist in history. Indeed, Alice Walton the Walmart billionaire is listed amongst collectors of his art and has 2 of his paintings in her private collection.

A movie about the life of this illustrious artist, who by chance is related to Neil Armstrong the first man to walk on the moon, staring Damian Chapa as Armstrong and Eric Roberts as Andy Warhol will be released soon. He has 3 Wikipedia entries and several hundreds of media references that reach every corner of the earth. Any researcher, a mere decade after the famous Cosmic Starship launch, must surely conclude that Armstrong’s Cosmic Harley together with his extremely limited 100 Cosmic paintings are guaranteed to rise in value and make an important and courageous statement in the annals of art history.”

You can always remake the money but you can never remake the art.”
— William Acquavella -Veteran NYC Art Dealer

Oct 27
Love0

World’s costliest parking space sold for almost $ 1mn

By General Posts

At 134.5 square feet, the cost of the parking space breaks down to $7,209 ($56,505 HK) per square foot, which is three times the median price of a Hong Kong house.

HONG KONG: At the 73-story Hong Kong skyscraper “Center”, a pricey parking space reserved for executives and tenants was recently sold for an eye-popping $969,000 ($7.6 million in HK dollars), the media has reported.

Johnny Cheung Shun-yee, one of the 10 investors in the consortium that paid $5.15 billion last year for “The Center”, told that he had sold the last of his four car parks in the tower to someone who owns an office in the same building because “the buyer now needs a car park lot,” declining to identify the buyer, according to South China Morning Post.

At 134.5 square feet, the cost of the parking space breaks down to $7,209 ($56,505 HK) per square foot, which is three times the median price of a Hong Kong house.

The sale price, in a city where nearly one in five residents lived below the government-defined poverty line in 2017, underscores the wealth gap that has pushed Hong Kong into the worst political crisis in decades, the SCMP report added.

Apr 23
Love0

Zero Motorcycles announces new financing round

By General Posts

Following the recent launch of its industry-shaking SR/F model, Zero Motorcycles today announced the close of a $25 million funding round, bringing the brand’s aggregate equity capital raised to over $250 million. With 13 years of experience developing the most power- and energy-dense EV technology in powersports, Zero leads the industry with a global supply chain and distribution network, and a broad portfolio of effortlessly powerful, safe and reliable electric mototcycles.

ZERO MOTORCYCLES ANNOUNCES NEW FINANCING ROUND BRINGING AGGREGATE INVESTMENT TO OVER $250 MILLION

SANTA CRUZ, Calif., (April 23, 2019) On the heels of the successful launch of its transformational SR/F model, Zero Motorcycles, the global electric motorcycle sales and innovation leader, announced today the close of a $25 million funding round, bringing its aggregate equity capital raised to over $250 million.

With 13 years of experience, Zero Motorcycles has developed the most power- and energy-dense EV technology in powersports and has built Zero into the leading brand with a global supply chain and distribution network, and a broad portfolio of products, which are effortlessly powerful, safe, reliable, and delight our riders every time they twist the throttle.

“At Zero Motorcycles, we’ve been defining the electric motorcycle category since our inception in 2006,” said Sam Paschel, CEO of Zero Motorcycles. “To build a company like Zero is not easy. You need to build a leading EV technology business, an industrial business, and consumer-branded business all at once. In addition to break-through innovation and R&D investment, this takes time, hard work, and significant capital. Zero has been capital efficient over the years, and our committed and consistent backing has enabled us to fully fund our strategy and to succeed when others have failed. We sell more electric motorcycles annually than all of our competitors combined and with our strong capital base, know-how, brand, and team, we will continue to be the driving force behind two-wheeled and broader powersports electrification. We look forward to the next few years as both adoption and innovation continue to accelerate.”

For more information on Zero Motorcycles please visit www.zeromotorcycles.com.

About Zero Motorcycles
Zero Motorcycles is the global leader in electric motorcycles and powertrains. Designed and crafted by hand in California, Zero Motorcycles combines Silicon Valley technology with traditional motorcycle soul to elevate the motorcycling experience for smart, innovative riders around the world.

Apr 05
Love1

10th Anniversary of The Million Mile Man

By General Posts

10 years ago, Dave Zien became the Million Mile Man.

He remains the first, and only, person to ride 1 million miles on one Harley-Davidson.

Pictured is former Governor Scott Walker, Attorney Michael Hupy, Dave Zien, Attorney Jason Abraham , and Attorney Hupy’s son Rex.

If you are on Facebook, please like and share if you wish:  https://www.facebook.com/HupyandAbraham/photos/a.187398797985654/2239809386077908/?type=3&theater

Mar 18
Love0

U.S.A. Now Has More Millionaires Than Sweden Has People

By General Posts
FROM: www.FunTagger.com Tag - Good news

FROM: www.FunTagger.com Tag – Good news

FROM: www.FunTagger.com Tag – Good news

USA continues to prove that it is indeed the “Land of Opportunity” – “The Promised Land” – a place where anyone with true enterprise can achieve “The American Dream”.

The number of wealthy households in the U.S. reached a new high last year, roughly equivalent to the entire population of Sweden or Portugal.

More than 10.2 million households had a net worth of $1 million to $5 million, not including the value of their primary residence, according to a survey by the Spectrem Group. That’s an increase of 2.5 percent from 2017.

READ News Story at: FunTagger.com by Clicking here

Mar 16
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Yamaha Expects India to Become its Largest Production Base in 5 yrs

By General Posts

Markets in Indonesia, Vietnam saturating; India priority No. 1, says top executive.

Japanese auto major Yamaha Motor Company (YMC) expects India to overtake Indonesia to emerge as its largest base in terms of production output in the next five years.

“India sells more than 20 million two-wheelers annually and the numbers are growing. Our company’s market share is in single digits. We want to improve this. There is a lot of opportunity,” says Yamaha India Chairman Shitara.

Two-wheeler sales in India increased 6.95% to 19,740,727 units till February this fiscal. In the same period, India Yamaha Motor’s sales remained largely flat at around 732,006 units. The company additionally exported 226,010 units.

Yamaha Motor India’s group chairman Motofumi Shitara was speaking on the sidelines of the launch of MT-15 priced at ₹1.36 lakh (ex-showroom, Delhi).

“India is priority number one for us worldwide. We aim to have production volume of 2.5 million units in India in the next five years,” he said.

Going ahead, Shitara said the company would steer clear of the mass segment and focus on launching premium motorcycles in the domestic market. The company has also commenced a study on introducing electric two-wheelers in India.

Shitara is currently defining the mid-term roadmap for the company till 2025 to lay the foundation on how the brand Yamaha takes shape the country. Apart from growing volumes, Shitara said a focus area for him is to project a strong image for the Yamaha brand in the local market.

Yamaha MT-15 was launched on Friday – a 155cc bike with liquid-cooled four-stroke engine mated to a six-speed transmission. MT-15 is priced at Rs 1.36 lakh ex-showroom. It has ABS and fuel injected variable valve actuation (VBA).

On the idea of electric motorcycles, the Yamaha Chairman says – “Three points are important, one is performance. Second, is price control. And third, infrastructure for battery charging. These three issues we should answer (for electric vehicles to take off)”, Shitara said.

Mar 05
Love0

Electric scooter sharing firm VOI raises $30 million for European expansion

By General Posts

VOI-Electric scooter sharing firm VOI raises $30 million for European expansion

STOCKHOLM: Electric scooter sharing firm VOI Technology has raised $30 million in another fundraising round since being set up seven months ago for its European expansion and investment in research to fend off growing competition, it was reported on Monday.

Uber Technologies Inc, Alphabet and several other high-profile investors are very interested in gambling on scooter-sharing leading to rapid rise in Europe thanks to large commuter populations and lower levels of car ownership compared to USA.

Domestic startups such as Tier and Dott and U.S. rivals Bird and Lime raised thousands of dollars in 2018 to expand further into the crowded marketplace after having successfully put many scooters on European roads.

VOI is backed by investors such as BlaBlaCar CEO Nicolas Brusson and venture fund Balderton Capital. Their belief they can beat rivals by building closer relationships with city authorities gives them an edge over competitors such as Uber.

Unlike major rivals, “asking ‘permission’ before we enter new towns and cities means we can work with the authorities on the ground to offer more than just a viable alternative to cars,” CEO Fredrik Hjelm said. We could also “help people to combine their e-scooter journeys with the existing public transport network,” he added.

People can locate nearby VOI scooters via an app or maps and then ride it by paying a 1 euro unlocking fee plus riding costs of 0.15 euro per minute.

August launch has seen VOI build up over 400,000 riders, taking more than 750,000 rides, and it said it would use the new funds to expand in Italy, Germany, Norway and France.

Critics warn operators could face similar issues as bike sharing firms. Forced into price wars due to competition and facing backlash from authorities over rules and vandalism, bike operators GoBee and Mobike have retreated from Europe.