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Aprilia Recalling RS 660, Tuono 660 For Con Rod Problem

NHTSA CAMPAIGN NUMBER: 21V502000

Crankshaft Connecting Rod May Break

A broken connecting rod can cause a sudden engine stall, increasing the risk of a crash.

NHTSA Campaign Number: 21V502000

Manufacturer Aprilia USA, Inc.

Components ENGINE

Potential Number of Units Affected 308

Summary

Aprilia is recalling certain 2021 RS 660 and Tuono 660 motorcycles. The engine crankshaft connecting rod may break due to improper heat-treatment.
Remedy

Dealers will replace the engine, free of charge. Owner notification letters are expected to be mailed in July 2021. Owners may contact Aprilia customer service at 1-212-380-4400. Aprilia’s number for this recall is PA2ZZQ2107.

Notes

Owners may also contact the National Highway Traffic Safety Administration Vehicle Safety Hotline at 1-888-327-4236 (TTY 1-800-424-9153), or go to www.nhtsa.gov.

UtahSBA: Bradshaw Comes From Behind To Win

Editorial Note: The following press release was received well within our three-day deadline but was not published at that time due to no fault on behalf of UtahSBA.

The Utah Sportbike Association held Round 4 of the Utah Motorcycle Law Masters of the Mountains Race Series on July 10th. Racers from across the country traveled to Grantsville to battle it out on Utah Motorsports Campus’ West Track. Although the temperatures were high, riders were not phased and were ready to race in Round 4.

The morning started with the Trackstar/Dunlop and Moto Station/Pirelli King of the Mountain qualifying taking to the track. In the first session Genaro Lopez quickly set a time of 1:33.973 and then beat that with a 1:32.652. Eric Jones was also out to set an early morning lap time, first with a 1:33.628 and then lowering that to a 1:32.684. After the track had warmed up, racers went back out for their second qualifying session. David Meyer set a 1:33.484 early in his session and then topped that with a 1:32.128 to take the fourth grid spot. Anthony Norton had a solid session setting a 1:31.803 which was good for the third grid spot. Lopez bettered his lap time from Q1 with 1:31.616 for grid spot two. Pole position went to Jerry Hicks who set a 1:32.152 and then dropped that time to a 1:31.585.

With qualifying done it was time to go racing, starting off with the Karl Malone Powersports Moto 2 race. As bikes launched into turn 1 Brian Childree emerged with the holeshot followed by Peter Hofpointner. At the start of lap 2 Childree continued to lead followed by Hofpointner and Cole Phillips. On lap 3 red flags were out due to a rider down and a bike too close to the track. The shortened race would restart from original grid positions. As the lights went out again, Hofpointner battled for the holeshot, but Childree took it. Phillips was in third but made a big move on the inside of Hofpointner in turn 7. Childree and Phillips then began pulling away from the rest of the group. Hofpointner took third, Phillips took home second, and Childree with the win.

The next race was the Harrison Eurosports Formula 40 GTO. It began with Eric Jones taking the Holeshot, and at the start of lap 2 Meyer and Davis followed Jones over the line. On lap 2 Davis, who had been trying to find a way through Meyer, made his pass stick on the inside of turn 5. As racers crossed the line to begin lap 4, Jones led followed by Davis and Meyer, Davis then began stalking Jones. On lap 5 Davis made his attack, battling Jones down the back straight to lead into turn 5. Meyer finished in third, Jones crossed the line in second, and Davis took the win.

With the morning’s racing in the books it was time for the King of the Mountain race to begin. The red lights went out, tires grasped the pavement, and riders launched their bikes across the line. Hicks put his Kawasaki’s launch control to work with a monstrous start taking the holeshot into turn 1 and began pulling away from the rest of the group almost immediately. Hicks was maintaining his breathing and trying to rely mostly on corner exit and the drive he was getting from the SCX tire. As Hicks crossed the line to begin the second lap, he pulled an impressive 1:32 from the standing start while being followed by Braden Jones and Lopez. As Hicks was extending his lead in lap 2 disaster struck when he lost grip in the front end of his ZX-10R and lowsided out of the race. Hicks reported that he had “been struggling a lot with front end edge grip” and that he was “quite nervous going into KOM.” Thanks to Kory, the Moto Station crew, and the USBA staff, Hicks was able to get his bike fixed and teched to race the rest of the day.

With Hicks out of the race it left Braden Jones, Lopez, and Norton close together and fighting for position. Lopez began the attack on Braden Jones in lap 2 passing him on the exit of turn 1. As the riders started their 4th lap Lopez was leading followed by Braden Jones and Norton with Norton pushing to pass Jones. Finally, in turn 9 Norton made it through on the inside of Braden Jones and moved into P2. Meanwhile in P4 former KOM champion Michael Bradshaw was finally in his groove catching the top 3 after an 11th place grid position and a rough start. The first lap for Bradshaw and his GSXR1000 was wild, with all sorts of bumping and shoving for position in the pack. Bradshaw just kept his wits about him and worked his way through, he was feeling good and set the fastest lap of the race with 1:31.344 while trying to catch the front three racers. On lap 6 Bradshaw got a killer drive through turn 3 and kept it flat through turn 4 and made the pass on Braden Jones on the brakes into turn 5. By the start of lap 7 it was Lopez in the lead followed by Norton, Bradshaw, Davis, and Braden Jones. Norton was all over Lopez’s rear tire looking for a place to get through as the two riders came through turn 5 right on top of each other. Norton, who knew that Lopez favored a wider line in turn 6 attempted to make a move on Lopez’s inside when his front tire let go and he started to lowside as the bikes tipped into the corner, collecting Lopez, and knocking them both out of the race. As red flags flew results rolled back to the positions at the start of lap 7 leaving Bradshaw as the winner followed by Davis and Braden Jones. In a post-race interview Bradshaw wanted to thank the community that helped him get his bike working well enough to ride, especially Rick Squires for spare Suzuki parts, as well as Kory Cowan and James Peterec from Moto Station for helping him sort through electronics issues.

As track temps crept even higher the MotoUnited Open Superstock race lined up on the grid. The race saw Hicks on pole position with Lopez out due to a crash in KOM and Bradshaw on P3. As the track went green, Meyer on P5 took the holeshot followed by Davis and Bradshaw. At the start of lap 2 Bradshaw forced his way up the inside to pass Davis in turn 1. On lap 3 Meyers was leading followed by Bradshaw and Davis. Bradshaw got a solid drive through turns 3 and 4 and passed Meyer inside on the brakes into turn 5. Bradshaw secured first position for the time, and just focused on managing the tires. At the start of lap 4 Davis made an overtake on Meyer into turn 1 for second position. Hicks, trying to make up time after a bogged start, was on his way into turn 7 and passed Davis for second. The final standings had Meyer in fourth, Davis in third, and Hicks taking second. Top podium spot went to number 96 Bradshaw.

The rest of the day held some awesome racing and a few upsets as the season championship took shape. In the Legion of Speed Novice GTO race, Joshua Fisher took the holeshot from P2 holding the lead until lap 3 when he was overtaken on the inside into turn 1 by Sam Arquit. Fisher’s woes were far from over with Malichi Roybal overtaking him into turn 1 on the fourth lap and Remington Mathews charging around him on the front straight. On lap 4 Roybal made his way through Arquit in turn 10 to take first. On lap 5 Mathews made his pass on Arquit, and quickly caught Roybal on lap 6 to pass on the inside into turn 1. Mathews took the win, Roybal held second, and Arquit took third. Later in the day we had the Velosio Production 500. Childree took the holeshot to begin his stretch away from the pack. Behind Childree was Gerwe in second and Brad Moore in third. Kirk Doyle was on the charge from fourth and made the pass on Moore down the back straight for third. On lap 2 Childree led followed by Gerwe and Doyle. In turn 1 Doyle passed Gerwe for second position and on lap 4 turn 9 Gerwe went back through the inside of Doyle. At the start of lap 7, Doyle responded by making a pass on Gerwe in turn 2. After a great back and forth Gerwe finished the race in third position and Doyle in second. Childree would take the win in the class.

After the races had been wrapped up, club members gathered for the traditional post-race BBQ, awards, and to talk about the day’s trials and tribulations. Afterwards racers reluctantly began packing up their garages and loading up their bikes with excitement for Round 5 buzzing strongly in the air. Round 5 is set to be held on Utah Motorsports Campus’ Perimeter configuration on August 14th. The club has not run the Perimeter configuration since 2019 and spirits are high to see it return. We look forward to seeing you all then!

The Utah Sport Bike Association is a Utah Non-Profit dedicated to promoting education, safe riding, and competition in the Intermountain West. You can find more information about the USBA, upcoming events, and schools at www.utahsba.com or find us on Facebook.

Overall Results:

Motostation/Trackstar KOM Overall:

1. Michael Jr Bradshaw (SUZ GSXR1000)

2. Bill Davis (BMW S1000RR)

3. Braden Jones (YAM R1)

4. David Meyer (YAM R1)

5. Brian Childree (KAW ZX-6R)

6. Ryan Richardson (KAW ZX10R)

Motostation KOM GTO:

1. Michael Jr Bradshaw (SUZ GSXR1000)

2. Bill Davis (BMW S1000RR)

3. Braden Jones (YAM R1)

4. David Meyer (YAM R1)

5. Ryan Richardson (KAW ZX10R)

6. Kevin Dolan (KAW ZX10R)

Trackstar KOM GTU:

1. Brian Childree (KAW ZX-6R)

2. Cole Phillips (YAM R6)

AZ Riding Academy Combined GTO

1. Rick Squires (SUZ GSXR1000)

2. Lee Mcnutt (YAM R6)

3. Peter Hofpointner (YAM R6)

4. Marshall Miller (BMW S1000RR)

5. Max Tseng (YAM R6)

6. Joshua Snow (YAM R1)

C&R Coatings Combined GTU

1. Peter Hofpointner (YAM R6)

2. Lee Mcnutt (YAM R6)

3. Max Tseng (YAM R6)

4. Nicholas Schmit (SUZ GSXR-600)

5. Sam Corser (YAM R6)

6. James Riggs (YAM R6)

The Edge Powersports Deseret Dash – Expert

1. Eric Jones (YAM R1)

2. David Meyer (YAM R1)

3. Braden Jones (YAM R1)

4. Alex Zinaich (YAM YZFR1)

5. Joshua Snow (YAM R1)

6. Nicholas Schmit (SUZ GSXR-600)

The Edge Powersports Deseret Dash – Novice

1. Sam Arquit (HON CBR1000RR)

2. Joshua Fisher (TRI DAYTONA-675R)

3. Brian Gerwe (HON CBR600RR)

4. John Tillotson (YAM R1)

5. Tyler Donaworth (TRI DAYTONA-675)

6. Dustin Lance (YAM R6)

Harrison Eurosports Formula 40 – GTO

1. Bill Davis (BMW S1000RR)

2. Eric Jones (YAM R1)

3. David Meyer (YAM R1)

4. Michael Jr Bradshaw (SUZ GSXR1000)

5. Tyler Jones (YAM R-1)

6. Kevin Dolan (KAW R1)

Harrison Eurosports Formula 40 – GTU

1. Victor Arias (YAM YZF-R6)

2. Donald Rothfuss (DUC 848-EVO)

3. James Snow (SUZ SV650)

4. Daniel Egbert (SUZ SV650)

5. Dustin Lance (YAM R6)

6. Andrew Love (KAW ZX6R)

Bingham Cyclery Lightweight Superbike

1. Ryan Smith (APR RS660)

2. Daniel Egbert (SUZ SV650)

3. James Snow (SUZ SV650)

4. Sean Groenstein (HON NSF250R)

5. Jeff Masters (YAM FZ-07)

6. Brad Moore (YAM YZF-R3)

Blud Racing Lubricants Middleweight Superbike

1. Brian Childree (KAW ZX-6R)

2. Cole Phillips (YAM R6)

3. Richard Findlay (SUZ GSXR-600)

4. Brad Moore (YAM YZF-R3)

Toxic Moto Racing Middleweight Superstock

1. Brian Childree (KAW ZX-6R)

2. Cole Phillips (YAM R6)

3. Peter Hofpointner (YAM R6)

4. Richard Findlay (SUZ GSXR-600)

5. Nicholas Schmit (SUZ GSXR-600)

6. Braxton Young (HON CBR600RR)

The Mechanic Modern Vintage – GTO

1. Kevin Dolan (SUZ GSXR1000)

2. James Kling (DUC 1198)

3. Marshall Miller (BMW S1000RR)

4. Sam Arquit (HON CBR1000RR)

5. Joshua Snow (YAM R1)

6. Barry Ketmany (YAM YZFR1)

The Mechanic Modern Vintage – GTU

1. Richard Findlay (SUZ GSXR-600)

2. Nicholas Schmit (SUZ GSXR-600)

3. Victor Arias (YAM YZF-R6)

4. Braxton Young (HON CBR600RR)

5. Daniel Egbert (SUZ SV650)

6. Andrew Love (KAW ZX6R)

Karl Malone Powersports  Moto 2

1. Brian Childree (KAW ZX-6R)

2. Cole Phillips (YAM R6)

3. Peter Hofpointner (YAM R6)

4. Max Tseng (YAM R6)

5. Nicholas Schmit (SUZ GSXR-600)

6. Brock Jones (YAM R6)

Redline Realty Moto 3

1. Brian Gerwe (KAW NINJA-400)

2. Brad Moore (YAM YZF-R3)

3. Kirk Doyle (YAM FZR400)

4. Alex Hatfield (KAW NINJA-400)

5. Stephen Webster (YAM R3)

6. Rachel Kuns (KAW NINJA-400)

Legion of Speed Novice GTO

1. Remington Mathews (BMW S1000RR)

2. Malachi Roybal (YAM R1)

3. Sam Arquit (HON CBR1000RR)

4. Joshua Fisher (TRI DAYTONA-675R)

5. Pratt Wellman (APR RSV4-RR)

6. John Tillotson (YAM R1)

Brighton Peak Financial Novice GTU

1. Brock Jones (YAM R6)

2. Belisario Arango (KAW ZX6R)

3. Victor Arias (YAM YZF-R6)

4. Joshua Fisher (TRI DAYTONA-675R)

5. Chayce Lance (YAM R6)

6. Tyler Donaworth (TRI DAYTONA-675)

Vortex Open Superbike

1. Jerry Hicks (KAW NINJA-ZX10)

2. Michael Jr Bradshaw (SUZ GSXR1000)

3. Bill Davis (BMW S1000RR)

4. Kevin Dolan (KAW ZX10R)

5. Rick Squires (SUZ GSXR1000)

6. Gilbert Gonzalez (KAW ZX10R)

MotoUnited Open Superstock

1. Michael Jr Bradshaw (SUZ GSXR1000)

2. Jerry Hicks (KAW NINJA-ZX10)

3. Bill Davis (BMW S1000RR)

4. David Meyer (YAM R1)

5. Ryan Richardson (KAW ZX10R)

6. James Peterec (SUZ GSX-R-1000R)

Karl Malone Powersports Open Twins

1. James Kling (DUC 1198)

2. Ryan Smith (APR RS660)

3. Daniel Egbert (DUC 1199S)

4. Joshua Fisher (TRI DAYTONA-675R)

5. Mike Jensen (TRI 675R-DAYTONA)

6. Donald Rothfuss (DUC 848-EVO)

Velosio Production 500

1. Brian Childree (KAW NINJA-400)

2. Brian Gerwe (KAW NINJA-400)

3. Brad Moore (YAM YZF-R3)

4. Alex Hatfield (KAW NINJA-400)

5. Rachel Kuns (KAW NINJA-400)

6. Stephen Webster (YAM R3)

Monarch Powersports Sportsman

1. Russell Carpenter (YAM R6)

2. Miguel Alamillo (SUZ GSX-R-600)

3. Moe Fareed (TRI DAYTONA-675R)

4. Justin Stapleford (SUZ GSXR-1000)

Napa Auto Parts Tooele Stock 1000

1. Jerry Hicks (KAW NINJA-ZX10)

2. Bill Davis (BMW S1000RR)

3. David Meyer (YAM R1)

4. Alex Zinaich (YAM YZFR1)

5. Gilbert Gonzalez (KAW ZX10R)

6. Ryan Richardson (KAW ZX10R)

Carbonsmith Super Street Bike

1. Victor Arias (KAW EX500)

Harley-Davidson Gains Sales, Revenue During Q2

HARLEY-DAVIDSON DELIVERS STRONG SECOND QUARTER FINANCIAL RESULTS

MILWAUKEE, July 21, 2021 — Harley-Davidson, Inc. (“Harley-Davidson”) (NYSE:HOG) today reported second quarter results.

“I’m pleased with the pace of improvements and with the strong quarter that we have delivered,” said Jochen Zeitz, Chairman, President and CEO, Harley-Davidson. “We are starting to see the initial proof points as we execute our Hardwire Strategy, as demonstrated by the positive financial results today. We are encouraged by the signs of consumer positivity in the market; however, we remain mindful of the significant supply chain challenges that we expect to continue to impact the sector.”

Second Quarter 2021 Highlights and Results, and Recent Announcements

  • Delivered Q2 GAAP diluted EPS of $1.33, up $1.93 over Q2 2020
  • Q2 H-D, Inc. total revenue up 77 percent over Q2 2020
  • North America Q2 retail sales up 43% over Q2 2020 and up 5% over Q2 2019
  • Delivered strong Motorcycles and Related Products (Motorcycles) segment gross margin and operating margin driven by the Rewire product portfolio adjustments
  • Delivered Financial Services segment Q2 2021 operating income growth of $90 million over Q2 2020 driven by a lower provision for credit losses
  • Launched LiveWire as a standalone brand and introduced LiveWire ONE™ – the electric motorcycle built for the urban experience, with the power and range to take you beyond
  • Revealed Sportster® S, the all-new Sportster motorcycle built on the Revolution Max platform
  • Launched H-D1™ Marketplace today, the ultimate online destination for pre-owned Harley-Davidson motorcycles in North America.

Second Quarter 2021 Results

Harley-Davidson, Inc. Consolidated Financial Results nm – not meaningful
$ in millions (except EPS) 2nd quarter 6 months
2021 2020 Change 2021 2020 Change
Revenue $1,532 $865 77% $2,955 $2,163 37%
Net Income (Loss) $206 ($92) nm $465 ($23) nm
GAAP Diluted EPS $1.33 ($0.60) nm $3.01 ($0.15) nm
Adjusted Diluted EPS $1.41 ($0.38) nm $3.11 $0.13 nm

 

Q2 consolidated revenue was up 77 percent versus Q2 2020 driven by strong growth in the Motorcycles and Related Products segment. Bottom-line results reflect significant operating income improvement with strong results in both the Motorcycles and the Financial Services segments.

 

Harley-Davidson Retail Motorcycle Sales
Motorcycles (thousands) 2nd quarter 6 months
2021 2020 Change 2021 2020 Change
North America 48.2 33.6 43% 81.0 58.8 38%
EMEA 10.2 11.0 (7)% 15.2 18.7 (19)%
Asia Pacific 6.0 6.9 (13)% 11.8 12.6 (7)%
Latin America 0.9 1.2 (31)% 1.6 3.0 (47)%
Worldwide Total 65.3 52.7 24% 109.5 93.2 18%

 

Global retail motorcycle sales in the second quarter were up 24 percent, driven by a strong Q2 North America retail performance. EMEA Q2 retail sales declines were a result of the company’s decision not to continue selling Street and legacy Sportster motorcycles in Europe. Latin America retail sales were impacted by a reduction in dealers and pricing actions across the portfolio, which were executed as part of the Rewire strategy.

 

Motorcycles and Related Products Segment Results
$ in millions 2nd quarter 6 months
2021 2020 Change 2021 2020 Change
Motorcycle Shipments (thousands) 56.7 28.4 100% 111.5 81.3 37%
Revenue $1,332 $669 99% $2,564 $1,769 45%
   Motorcycles $1,030 $447 131% $2,046 $1,346 52%
   Parts & Accessories $223 $169 32% $373 $303 23%
   General Merchandise $56 $38 47% $106 $87 22%
Gross Margin 30.6% 16.1% 14.5 pts. 32.3% 24.1% 8.2 pts.
Operating Income (Loss) $186 ($121) nm $413 ($36) nm
Operating Margin 14.0% (18.1%) 32.0 pts. 16.1% (2.1%) 18.2 pts.

 

Revenue from the Motorcycles and Related Products segment was up significantly during the second quarter primarily driven by a 100 percent increase in wholesale shipments as the company lapped last year’s COVID-19 related shutdown.

Parts and Accessories second quarter revenue was up 32 percent while General Merchandise was up 47 percent over Q2 2020.

Second quarter gross margin was up 14.5 percentage points to Q2 prior year while second quarter operating margin finished up 32 percentage points over Q2 prior year due to volume gains behind lapping last year’s COVID-19 related shutdown, improved motorcycle unit mix and lower restructuring expense.

 

Financial Services Segment Results
$ in millions 2nd quarter 6 months
2021 2020 Change 2021 2020 Change
Revenue $201 $196 2% $391 $394 (1)%
Operating Income $95 $5 nm $213 $28 nm

 

Financial Services segment operating income was up significantly over prior year in the second quarter, primarily driven by a lower provision for credit losses.

Other Results
Harley-Davidson generated $644 million of cash from operating activities year-to-date in 2021, $34 million favorable to year-to-date 2020. Cash and cash equivalents were $1.7 billion at the end of the second quarter, down $2.1 billion to the end of Q2 2020 as the company has intentionally brought down cash balances as it believes the pandemic-related liquidity concerns have eased.

Tax Rate – The company’s second quarter effective tax rate was 25 percent.

Dividends – The company paid cash dividends of $0.15 per share in Q2 2021.

As a result of its Q2 performance, for the full-year 2021, the company now expects:

  • Financial Services segment operating income growth of 75 to 85 percent, an increase from the previously communicated range of 50 to 60 percent.
  • GAAP Motorcycles segment operating income margin of 6 to 8 percent given the recent EU’s decision to keep the current tariff at 31 percent while tariff negotiations occur. If the company is successful in materially mitigating the additional EU tariffs in 2021, the company expects the operating income margin would be 7 to 9 percent.

Additionally, for the full-year 2021, the company continues to expect:

  • Motorcycles segment revenue growth to be 30 to 35 percent.
  • Capital expenditures of $190 million to $225 million.

Cash allocation priorities remain to first fund growth through The Hardwire initiatives, then to pay dividends. Given the company’s strong cash position, the company may also choose to execute discretionary share repurchases.

Company Background

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.

Webcast

Harley-Davidson will discuss its financial results and outlook on an audio webcast at 8:00 a.m. CT today. The webcast login and supporting slides can be accessed at http://investor.harley-davidson.com/news-and-events/events-and-presentations. The audio replay will be available by approximately 10:00 a.m. CT.

Non-GAAP Disclosure

This press release includes financial measures that have not been calculated in accordance with U.S. generally accepted accounting principles (GAAP) and are therefore referred to as non-GAAP financial measures. The non-GAAP measures described below are intended to be considered by users as supplemental information to the equivalent GAAP measures, to aid investors in better understanding the company’s financial results. The company believes that these non-GAAP measures provide useful perspective on underlying business results and trends, and a means to assess period-over-period results. These non-GAAP measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. These non-GAAP measures may not be the same as similarly titled measures used by other companies due to possible differences in method and in items or events being adjusted.

The non-GAAP measures included in this press release are adjusted net income (loss) and adjusted diluted EPS. These non-GAAP measures exclude restructuring plan costs and the impact of European Union (EU) tariffs. Restructuring plan costs include restructuring expenses as presented in the consolidated statements of operations. The impact of EU tariffs include incremental EU tariffs imposed beginning in 2018 on the company’s products shipped from the U.S. and, beginning in 2021, on the company’s products shipped from Thailand. These non-GAAP measures, as well as a reconciliation of the comparable GAAP measure to these non-GAAP measures, are included later in this press release.

Cautionary Note Regarding Forward-Looking Statements

The company intends that certain matters discussed in this press release are “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such because the context of the statement will include words such as the company “believes,” “anticipates,” “expects,” “plans,” “may,” “will,” “estimates,” “targets,” “intend,” “is on-track” or words of similar meaning. Similarly, statements that describe or refer to future expectations, future plans, strategies, objectives, outlooks, targets, guidance, commitments or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially, unfavorably or favorably, from those anticipated as of the date of this press release. Certain of such risks and uncertainties are described below. Shareholders, potential investors, and other readers are urged to consider these factors in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included in this press release are only made as of the date of this press release, and the company disclaims any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

Important factors that could affect future results and cause those results to differ materially from those expressed in the forward-looking statements include, among others, the following: (i) the COVID-19 pandemic, including the length and severity of the pandemic across the globe and the pace of recovery following the pandemic; and (ii) the company’s ability to: (A) execute its business plans and strategies, including The Hardwire and the evolution of LiveWire as a standalone brand, successfully execute its remodeled approach to supply and inventory management, and strengthen its existing business while allowing for desirable growth; (B) mitigate the impact of the revocation of the Binding Origin Information (“BOI”) decisions that allowed the company to supply its European Union market with certain of its motorcycles produced at its Thailand operations at a reduced tariff rate and favorably resolve risks and uncertainties related to the revocation of the BOI decisions including, among other: (1) uncertainties regarding the quantity and mix of motorcycles that the company imports into the EU; (2) whether the company will be granted temporary relief from the effect of the revocation of the BOI decisions; (3) whether the company will be successful in appealing the revocation of the BOI decisions; (4) uncertainties regarding the size and duration of the EU tariffs; and (5) whether and to what extent the company determines to attempt to pass on the impact of the revocation to dealers and its success in doing so; (C) accurately analyze, predict and react to changing market conditions and successfully adjust to shifting global consumer needs and interests; (D) successfully access the capital and/or credit markets on terms that are acceptable to the company and within its expectations; (E) successfully carry out its global manufacturing and assembly operations; (F) develop and introduce products, services and experiences on a timely basis that the market accepts, that enable the company to generate desired sales levels and that provide the desired financial returns, including successfully implementing and executing plans to strengthen and grow its leadership position in Touring, large Cruiser and Trike, and growing its complementary businesses; (G) perform in a manner that enables the company to benefit from market opportunities while competing against existing and new competitors; (H) prevent, detect, and remediate any issues with its motorcycles or any issues associated with the manufacturing processes to avoid delays in new model launches, recall campaigns, regulatory agency investigations, increased warranty costs or litigation and adverse effects on its reputation and brand strength, and carry out any product programs or recalls within expected costs and timing; (I) manage supply chain issues, including quality issues and any unexpected interruptions or price increases caused by raw material shortages or natural disasters; (J) manage the impact that prices for and supply of used motorcycles may have on its business, including on retail sales of new motorcycles; (K) realize expectations concerning market demand for electric models, which will depend in part on the building of necessary infrastructure; (L) successfully manage and reduce costs throughout the business; (M) manage through changes in general economic and business conditions, including changing capital, credit and retail markets, and the changing political environment; (N) continue to develop the capabilities of its distributors and dealers, effectively implement changes relating to its dealers and distribution methods and manage the risks that its independent dealers may have difficulty obtaining capital and managing through changing economic conditions and consumer demand; (O) develop and maintain a productive relationship with Zhejiang Qianjiang Motorcycle Co., Ltd. and launch related products in a timely manner; (P) develop and maintain a productive relationship with Hero MotoCorp as a distributor and licensee of the Harley-Davidson brand name in India; (Q) manage and predict the impact that new or adjusted tariffs may have on the company’s ability to sell products internationally, and the cost of raw materials and components; (R) successfully maintain a manner in which to sell motorcycles in China and the company’s ASEAN countries that does not subject its motorcycles to incremental tariffs; (S) manage its Thailand corporate and manufacturing operation in a manner that allows the company to avail itself of preferential free trade agreements and duty rates, and sufficiently lower prices of its motorcycles in certain markets; (T) accurately estimate and adjust to fluctuations in foreign currency exchange rates, interest rates and commodity prices; (U) retain and attract talented employees, and eliminate personnel duplication, inefficiencies and complexity throughout the organization; (V) prevent a cybersecurity breach involving consumer, employee, dealer, supplier, or company data and respond to evolving regulatory requirements regarding data security; (W) manage the credit quality, the loan servicing and collection activities, and the recovery rates of HDFS’ loan portfolio; (X) adjust to tax reform, healthcare inflation and reform and pension reform, and successfully estimate the impact of any such reform on the company’s business; (Y) manage through the effects inconsistent and unpredictable weather patterns may have on retail sales of motorcycles; (Z) implement and manage enterprise-wide information technology systems, including systems at its manufacturing facilities; (AA) manage changes and prepare for requirements in legislative and regulatory environments for its products, services and operations; (BB) manage its exposure to product liability claims and commercial or contractual disputes; (CC) continue to manage the relationships and agreements that the company has with its labor unions to help drive long-term competitiveness; and (DD) achieve anticipated results with respect to the company’s recently launched pre-owned motorcycle program, Harley-Davidson Certified, and the successful launch of the company’s H-D1 Marketplace.

The company’s operations, demand for its products, and its liquidity could be adversely impacted by work stoppages, facility closures, strikes, natural causes, widespread infectious disease, terrorism, or other factors. Other factors are described in risk factors that the company has disclosed in documents previously filed with the Securities and Exchange Commission. Many of these risk factors are impacted by the current changing capital, credit and retail markets and the company’s ability to manage through inconsistent economic conditions.

The company’s ability to sell its motorcycles and related products and services and to meet its financial expectations also depends on the ability of the company’s independent dealers to sell its motorcycles and related products and services to retail customers. The company depends on the capability and financial capacity of its independent dealers to develop and implement effective retail sales plans to create demand for the motorcycles and related products and services they purchase from the company. In addition, the company’s independent dealers and distributors may experience difficulties in operating their businesses and selling Harley-Davidson motorcycles and related products and services as a result of weather, economic conditions, the impact of COVID-19, or other factors.

In recent years, HDFS has experienced historically low levels of retail credit losses, but there is no assurance that this will continue. The company believes that HDFS’ retail credit losses may increase over time due to changing consumer credit behavior and HDFS’ efforts to increase prudently structured loan approvals to sub-prime borrowers, as well as actions that the company has taken and could take that impact motorcycle values. Refer to “Risk Factors” under Item 1A of the company’s Annual Report on Form 10-K for the year ended December 31, 2020 filed with the SEC on February 23, 2021 and Part II, Item 1A of any subsequently filed Quarterly Report on Form 10-Q, for a discussion of additional risk factors and a more complete discussion of some of the cautionary statements noted above.

AHRMA: Results From Classic Motofest Of Monterey

Editorial Note: Use the scroll and zoom keys in the bottom left corner of the PDF viewer to better see all pages of the race results.

2021 Laguna Seca - All Results

MotoGP: Pedrosa Racing KTM As Wild Card In Austria

PEDROSA CONFIRMED TO MAKE RED BULL KTM MOTOGP™ WILDCARD APPEARANCE IN AUSTRIA

Red Bull KTM Factory Racing test rider Dani Pedrosa will make a debut competitive outing with the KTM RC16 by entering the tenth round of the 2021 MotoGP series: the Michelin Grand Prix of Styria at the Red Bull Ring, Austria on August 6-8.

 

Dani Pedrosa. Photo courtesy Red Bull KTM Factory Racing.
Dani Pedrosa. Photo courtesy Red Bull KTM Factory Racing.

 

The 35-year-old MotoGP Legend retired from full-time racing with 31 victories and 112 podium results from 13 seasons in the premier class between 2006 and 2018. Since 2019 he has been an integral part of KTM’s development program for MotoGP and with the KTM RC16 that made its debut at the 2016 Gran Premio de la Comunitat Valenciana and then joined the grid on a permanent basis in 2017.

Pedrosa finished in the top five of the MotoGP championship 11 times from 13 campaigns and was a three-time runner-up. The Spaniard’s last Grand Prix was almost a thousand days ago with the 2018 event at the Circuit Ricardo Tormo in Valencia where he classified 5th. He has since shared a race track with the current MotoGP field at both IRTA and private test days. Red Bull Ring will represent his first race with KTM.

The long-term Red Bull athlete will steer an adapted development version of the KTM RC16 to gain further valuable data in Grand Prix conditions.

Dani Pedrosa: “It’s been super-interesting to be part of this project from the beginning with KTM in MotoGP and being able to share my experience with them. Step-by-step we did the best we could and now it’s interesting again to go into a race because it gives you a different perspective compared to a normal test. It has been a long time since my last race and, of course, the mentality for a GP is very different to a test. My focus for the GP is to try to test the things we have on the bike in a race situation. I wish to understand the requests riders might have for different sessions and technical features. Watching from home I can sense the improvements in the bikes and the racing but in order to understand more about MotoGP now, the new technologies and how to race and use strategies against the others we’ll make this wildcard. It’s difficult to talk about my expectations after being so long away from competition. It might all click into a racing mentality or it might not but we’ll try to enjoy the weekend as much as we can.”

Mike Leitner, Red Bull KTM Race Manager: “It will be curious to see Dani in MotoGP again. He has been away from racing for quite a long time but it will be valuable to have him in garage at Red Bull Ring to analyze the strong and not-so-strong parts of our KTM RC16 package in GP conditions and it will give him a good indication for his testing work. Dani has had a big influence in our MotoGP project thanks to all of his experience. The company was working and pushing hard to follow his requests, along with Mika’s [Kallio]. Dani was a good reference as he retired at the end of 2018 while still at the top of the sport and we can see some of his influence in the current success of the KTM RC16. He will have a mixture of the current race bike and some small upgrades and he will have some testing to do during the weekend but we also don’t want to overload him. We want him to enjoy the Grand Prix! There are a lot of young, strong riders in MotoGP at the moment, so he will be busy but this is a good way for him to learn more and feel the current benchmark in the sport and this will help us for future testing.”

Richmond Ramblers Holding Celebration Of Life For Dick Mann

The Richmond Ramblers Motorcycle Club is planning a Celebration of Life for motorcycle racing legend Dick Mann on July 24 in Point Richmond, California. The event is scheduled to run from 11:00 a.m. to 4:00 p.m. local time.

 

Dick Mann (2) riding injured on his Matchless G50 at the 1963 Ascot TT. This effort earned him the 1963 AMA Grand National Championship by a single point over George Roeder, according to Mann's friend Rob Iannucci. Photo by Dan Mahony.
Dick Mann (2) riding injured on his Matchless G50 at the 1963 Ascot TT. This effort earned him the 1963 AMA Grand National Championship by a single point over George Roeder, according to Mann’s friend Rob Iannucci. Photo by Dan Mahony, courtesy Rob Iannucci.

 

Mann died April 26 at the age of 86.

Don Emde will be the emcee of the Celebration of Life, according to Mann’s friend Rob Iannucci.

The location of the event is:

Richmond Ramblers Historic Clubhouse

818 Dornan Drive

Point Richmond , CA 94801

RSVP to [email protected]

 

Dick Mann on bike

Dick Mann on his Matchless G50. Photo courtesy Rob Iannucci.

MotoGP: Thai GP Cancelled Due To New Pandemic Restrictions

2021 Thai GP cancelled 

Wednesday, 21 July 2021

The FIM, IRTA and Dorna Sports regret to announce the cancellation of the OR Thailand Grand Prix, which was set to take place at Chang International Circuit from the 15th to the 17th of October. Despite the best efforts of all parties involved, the ongoing Covid-19 pandemic and resulting restrictions have obliged the cancellation of the event.

The FIM MotoGP™ World Championship looks forward to returning to race in front of the incredibly passionate Buriram crowd in 2022.

A replacement event is currently under consideration and any updates regarding a possible substitute will be published as soon as available.

British Superbike: Series Continues Next Weekend At Brands Hatch

Bennetts British Superbike Championship welcomes return of fans to crown Monster Energy King of Brands

The Bennetts British Superbike Championship returns to Brands Hatch this weekend and, following a 644-day wait from the 2019 season finale, fans will be welcomed back to the Kent venue in unrestricted numbers to witness the incredible spectacle of the country’s leading motorsport series.

There have already been three different race winners, plus a further four podium finishers, from the opening six races of this season setting the stage for another close contest this summer weekend. There is added glory up for grabs too, as riders will fight for the Monster Energy King of Brands Trophy.

The VisionTrack Ducati team lead the standings ahead of this weekend’s triple-header after Christian Iddon moved to the top of the standings at Knockhill. His victory last time out puts him six points clear of fierce rival and Oulton Park treble winner Jason O’Halloran.

O’Halloran made one mistake at Knockhill with a crash in race two forcing him to relinquish the series lead to Iddon. The McAMS Yamaha rider was victorious at Brands Hatch last October on his way to second in the title fight, and he will be aiming to regain the position with another strong weekend.

The most successful current Bennetts BSB rider at Brands Hatch is reigning champion Josh Brookes, equal on 19 race victories with Shane Byrne on the Grand Prix circuit. The VisionTrack Ducati rider has had an uncharacteristic start to this title defence, with a best result of sixth place and is currently 11th in the standings.

However, the Australian’s previous record at Brands Hatch is unrivalled by his opponents. The double champion has stood on the podium at the iconic circuit every year he’s competed, aside from 2014, since 2011. Indeed, Brooks has won seven of the last eight races on the Brands Hatch Grand Prix circuit.

Danny Buchan launched into third overall at Knockhill with an impressive double win for the SYNETIQ BMW team; he holds a slight edge over the second McAMS Yamaha rider, Tarran Mackenzie ahead of the three races this weekend.

Rookie Rory Skinner delivered a sensational performance at Knockhill, celebrating a podium finish in only his fifth Bennetts BSB race, before immediately following it up with another second place in the final race of the weekend.

A single point separates Skinner and the FS-3 Kawasaki team from Tommy Bridewell. The Oxford Products Racing Ducati team raced to the rostrum at the season opener and will be hoping to add to their Podium Points tally this weekend.

Peter Hickman and the FHO Racing BMW team debuted with a podium finish at Oulton Park, and after narrowly missing out at Knockhill, will be pushing to score BMW’s first win on the Grand Prix circuit since Michael Laverty in 2015. The team are expected to return to the full line-up at Brands Hatch, with Xavi Forés targeting his debut races in 2021 following injury sustained at Oulton Park.

Lee Jackson currently holds eighth place in the standings, and the FS-3 Kawasaki rider will be pushing to move further up the order this weekend with just a single point separating him from Ryan Vickers, who is just outside the all-important top eight for the RAF Regular & Reserve Kawasaki team.

Rich Energy OMG Racing BMW’s Bradley Ray and Kyle Ryde, plus Honda Racing’s Glenn Irwin and Buildbase Suzuki pairing Gino Rea and Danny Kent will all be pushing to claw their way up the order, as they currently sit outside the top eight positions, which will be critical to their title hopes ahead of the end of year Showdown.

Bennetts British Superbike Championship standings:

Christian Iddon (VisionTrack Ducati) 111

Jason O’Halloran (McAMS Yamaha) 105

Danny Buchan (SYNETIQ BMW) 91

Tarran Mackenzie (McAMS Yamaha) 76

Rory Skinner (FS-3 Kawasaki) 61

Tommy Bridewell (Oxford Products Racing Ducati) 60

Peter Hickman (FHO Racing BMW) 57

Lee Jackson (FS-3 Kawasaki) 46

For more information on the Bennetts British Superbike Championship visit www.britishsuperbike.com

 

Christian Iddon – VisionTrack Ducati

Championship leader

“It is a cool feeling to be leading the championship and it was great to win at Knockhill. In all honestly and I know I say it a lot, I always approach every event the same – I just go out and give my best.

“I know that the VisionTrack Ducati worked well at Brands Hatch last year and I believe that our set-up has improved since then. I know from what Josh does there, that the bike is super competitive at Brands Hatch. I also know that other riders have very competitive bikes there, like the Yam, and I expect a really strong weekend from Jason and probably more from Taz.

“But it is never easy – you never know what will happen until you get there and can never discount anyone, so I certainly won’t be doing any of that and there is no room for complacency. It can be only a moment in time that you’re in that position, so I am planning to keep us there for as long as possible.”

AMA Vintage Motorcycle Days At Mid Ohio Will Feature Demo Rides

Royal Enfield, Honda to Offer Demo Rides at 2021 AMA Vintage Motorcycle Days Presented By Royal Enfield

Event takes place July 23-25 in Lexington, Ohio

PICKERINGTON, Ohio — Motorcyclists in the market for a new bike can experience some of the hottest models available from Royal Enfield and American Honda at 2021 AMA Vintage Motorcycle Days, presented by Royal Enfield, July 23-25 at Mid-Ohio Sports Car Course in Lexington, Ohio.

Royal Enfield Meteor 350 models like these will be included in demo rides at AMA Vintage Motorcycle Days.
Royal Enfield Meteor 350 models like these will be included in demo rides at AMA Vintage Motorcycle Days.

Both companies will be on location with demo fleets. Licensed motorcyclists are invited to sign up for test rides during the event.

“AMA Vintage Motorcycle Days might celebrate the long history of motorcycling in America, but our attendees continue to be voracious consumers of new bikes,” said AMA Director of Industry Relations and Business Memberships Steve Gotoski. “Royal Enfield and American Honda are selling some of the most unique and cutting-edge production motorcycles today, with many models evoking motorcycling’s heritage. We’re thrilled to have both companies on location this July 23-25.”

A 2021-model Royal Enfield Himalayan. Photo courtesy Royal Enfield North America.
A 2021-model Royal Enfield Himalayan. Photo courtesy Royal Enfield North America.

Royal Enfield intends to have the new Meteor 350, Himalayan and additional 650cc models available for riders to try.

A Royal Enfield Continental GT 650. Photo courtesy Royal Enfield North America.
A Royal Enfield Continental GT 650. Photo courtesy Royal Enfield North America.

Honda is bringing a number of new bikes to the event, including Gold Wing standard and DCT clutch models and Rebel 1100 standard and DCT clutch models. In addition, they will have NC750X, CBR300R and Rebel 500 models on hand.

A Honda NC750X. Photo courtesy of American Honda.
A Honda NC750X. Photo courtesy of American Honda.
A 2021 Honda Rebel 1100 DCT. Photo courtesy American Honda.
A 2021 Honda Rebel 1100 DCT. Photo courtesy American Honda.

 

A 2021 Honda Rebel 1100. Photo courtesy American Honda.
A 2021 Honda Rebel 1100. Photo courtesy American Honda.

Attendees of AMA Vintage Motorcycle Days, presented by Royal Enfield, should plan to visit each brand’s display early each day to see the demo schedules and book a ride. More information is available at vintagemotorcycledays.com.

A valid motorcycle endorsement is required. Safety rules will be shared at sign up. Be prepared with a helmet, gloves, long sleeves, long pants and over-the-ankle boots.

The 2021 AMA Vintage Motorcycle Days will feature an On Any Sunday theme, celebrating 50 years of Bruce Brown’s epic moto documentary, with AMA Motorcycle Hall of Famer David Aldana — one of the film’s legendary stars — serving as Grand Marshal. There will also be a special outdoor screening of the beloved film on Friday, July 23.

Racers and fans will appreciate all the racing action, from road racing and motocross to cross-country, dirt track and trials — and much of it with an AMA Grand Championship flavor. Riders as young as age 4 are permitted to compete in motocross, while those 12 and up can ride in trials, dirt track and hare-scrambles events. There’s also exhibition pit-bike racing on Saturday. Learn more and register today.

The event will also include all the vintage-oriented happenings that classic-bike fans love, including Hall of Fame activities, Wall of Death and vintage bike shows. Tickets are still available at midohio.com or can be purchased at the gate on the days of the event for an additional $10.

About the American Motorcyclist Association
Founded in 1924, the AMA is a not-for-profit member-based association whose mission is to promote the motorcycle lifestyle and protect the future of motorcycling. As the world’s largest motorcycling rights and event sanctioning organization, the AMA advocates for riders’ interests at all levels of government and sanctions thousands of competition and recreational events every year. The AMA also provides money-saving discounts on products and services for its members. Through the AMA Motorcycle Hall of Fame in Pickerington, Ohio, the AMA honors the heroes and heritage of motorcycling. For more information, visit americanmotorcyclist.com.

Not a member? Join the AMA today: americanmotorcyclist.com.

Ducati Multistrada V4 S Receives North American Radar Certification

Ducati Multistrada V4 S is officially radar-certified in North America

Multistrada V4 S radar technology is a revolutionary new system incorporated for the first time on a production motorcycle

Adaptive Cruise Control and Blind Spot Detection provides enhanced levels of rider comfort and convenience

Sunnyvale, Calif. – The Ducati Multistrada V4 S is now radar-certified in North America, allowing riders the capability to enjoy the revolutionary new radar system for the first time on a production motorcycle. This certification will enable North American customers to use Adaptive Cruise Control and Blind Spot Detection systems.

With the radar technology hardware now having been certified, current model-year 2021 Multistrada V4 S owners may have radar software uploaded and calibrated by their dealerships.  All 2021 Multistrada V4 S models are equipped with the radar hardware as standard providing the customer the choice to upgrade and activate the radar technology.

“Ducati is proud to be the first to deliver radar on a motorcycle, and the North American release of this technology takes Ducati further into the future of motorcycling,” said Jason Chinnock, Chief Executive Officer of Ducati North America. “We have consistently led the development of emerging technologies, and now with the use of radar we can greatly enhance the convenience and comfort for our riders. The Multistrada V4 S is the perfect application for radar technology, as one of the strengths of this motorcycle is to tackle cross-country adventures. Having the benefits of Adaptive Cruise Control and Blind Sport Detection at the rider’s fingertips will make these journeys even more enjoyable.”

The Multistrada V4 S’s radar technology is an advanced rider aid system that manages two functions: Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD). The ACC is perfectly integrated into the bike, which by means of controlled braking and acceleration automatically maintains the distance (selectable on four levels) from other vehicles. The ACC system allows for more comfortable riding, especially on long highway journeys. The Blind Spot Detection (BSD) technology, housed under the taillight, can detect and report vehicles approaching in the so-called blind spot, namely the area not visible either directly by the rider or through the rear-view mirror. The BSD system monitors traffic behind the rider and displays a rider warning thanks to the LEDs positioned in the rear-view mirrors. If the user activates the direction indicator expressing the intention to change lane, the BSD flashes the LED signalling a potentially dangerous condition.

The motorcycle is currently available in dealerships throughout North America.

United States pricing for the Multistrada V4 begins at an MSRP of $19,995, with the Multistrada V4 S starting at $24,095 and Multistrada V4 S Sport at $26,095. For Canada, the Multistrada V4 starts at an MSRP of $22,395 CAD and an MSRP of $26,745 CAD for the Multistrada V4 S, with the Multistrada V4 S Sport starting at a Canadian MSRP of $28,795 CAD.

Additional information can be found on Ducati-MultistradaV4.com.

Aprilia Recalling RS 660, Tuono 660 For Con Rod Problem

The right side of a 2021 Aprilia Tuono 660. Photo by Michael Gougis.
The right side of a 2021 Aprilia Tuono 660. Photo by Michael Gougis.

NHTSA CAMPAIGN NUMBER: 21V502000

Crankshaft Connecting Rod May Break

A broken connecting rod can cause a sudden engine stall, increasing the risk of a crash.

NHTSA Campaign Number: 21V502000

Manufacturer Aprilia USA, Inc.

Components ENGINE

Potential Number of Units Affected 308

Summary

Aprilia is recalling certain 2021 RS 660 and Tuono 660 motorcycles. The engine crankshaft connecting rod may break due to improper heat-treatment.
Remedy

Dealers will replace the engine, free of charge. Owner notification letters are expected to be mailed in July 2021. Owners may contact Aprilia customer service at 1-212-380-4400. Aprilia’s number for this recall is PA2ZZQ2107.

Notes

Owners may also contact the National Highway Traffic Safety Administration Vehicle Safety Hotline at 1-888-327-4236 (TTY 1-800-424-9153), or go to www.nhtsa.gov.

UtahSBA: Bradshaw Comes From Behind To Win

Michael Bradshaw (93) leads Tyler Jones (491) and Bill Davis (53) during UtahSBA’s King of the Mountain Race held at Utah Motorsports Campus. Photo by Steve Midgley, courtesy UtahSBA.
Michael Bradshaw (93) leads Tyler Jones (491) and Bill Davis (53) during UtahSBA’s King of the Mountain Race held at Utah Motorsports Campus. Photo by Steve Midgley, courtesy UtahSBA.

Editorial Note: The following press release was received well within our three-day deadline but was not published at that time due to no fault on behalf of UtahSBA.

The Utah Sportbike Association held Round 4 of the Utah Motorcycle Law Masters of the Mountains Race Series on July 10th. Racers from across the country traveled to Grantsville to battle it out on Utah Motorsports Campus’ West Track. Although the temperatures were high, riders were not phased and were ready to race in Round 4.

The morning started with the Trackstar/Dunlop and Moto Station/Pirelli King of the Mountain qualifying taking to the track. In the first session Genaro Lopez quickly set a time of 1:33.973 and then beat that with a 1:32.652. Eric Jones was also out to set an early morning lap time, first with a 1:33.628 and then lowering that to a 1:32.684. After the track had warmed up, racers went back out for their second qualifying session. David Meyer set a 1:33.484 early in his session and then topped that with a 1:32.128 to take the fourth grid spot. Anthony Norton had a solid session setting a 1:31.803 which was good for the third grid spot. Lopez bettered his lap time from Q1 with 1:31.616 for grid spot two. Pole position went to Jerry Hicks who set a 1:32.152 and then dropped that time to a 1:31.585.

With qualifying done it was time to go racing, starting off with the Karl Malone Powersports Moto 2 race. As bikes launched into turn 1 Brian Childree emerged with the holeshot followed by Peter Hofpointner. At the start of lap 2 Childree continued to lead followed by Hofpointner and Cole Phillips. On lap 3 red flags were out due to a rider down and a bike too close to the track. The shortened race would restart from original grid positions. As the lights went out again, Hofpointner battled for the holeshot, but Childree took it. Phillips was in third but made a big move on the inside of Hofpointner in turn 7. Childree and Phillips then began pulling away from the rest of the group. Hofpointner took third, Phillips took home second, and Childree with the win.

The next race was the Harrison Eurosports Formula 40 GTO. It began with Eric Jones taking the Holeshot, and at the start of lap 2 Meyer and Davis followed Jones over the line. On lap 2 Davis, who had been trying to find a way through Meyer, made his pass stick on the inside of turn 5. As racers crossed the line to begin lap 4, Jones led followed by Davis and Meyer, Davis then began stalking Jones. On lap 5 Davis made his attack, battling Jones down the back straight to lead into turn 5. Meyer finished in third, Jones crossed the line in second, and Davis took the win.

With the morning’s racing in the books it was time for the King of the Mountain race to begin. The red lights went out, tires grasped the pavement, and riders launched their bikes across the line. Hicks put his Kawasaki’s launch control to work with a monstrous start taking the holeshot into turn 1 and began pulling away from the rest of the group almost immediately. Hicks was maintaining his breathing and trying to rely mostly on corner exit and the drive he was getting from the SCX tire. As Hicks crossed the line to begin the second lap, he pulled an impressive 1:32 from the standing start while being followed by Braden Jones and Lopez. As Hicks was extending his lead in lap 2 disaster struck when he lost grip in the front end of his ZX-10R and lowsided out of the race. Hicks reported that he had “been struggling a lot with front end edge grip” and that he was “quite nervous going into KOM.” Thanks to Kory, the Moto Station crew, and the USBA staff, Hicks was able to get his bike fixed and teched to race the rest of the day.

With Hicks out of the race it left Braden Jones, Lopez, and Norton close together and fighting for position. Lopez began the attack on Braden Jones in lap 2 passing him on the exit of turn 1. As the riders started their 4th lap Lopez was leading followed by Braden Jones and Norton with Norton pushing to pass Jones. Finally, in turn 9 Norton made it through on the inside of Braden Jones and moved into P2. Meanwhile in P4 former KOM champion Michael Bradshaw was finally in his groove catching the top 3 after an 11th place grid position and a rough start. The first lap for Bradshaw and his GSXR1000 was wild, with all sorts of bumping and shoving for position in the pack. Bradshaw just kept his wits about him and worked his way through, he was feeling good and set the fastest lap of the race with 1:31.344 while trying to catch the front three racers. On lap 6 Bradshaw got a killer drive through turn 3 and kept it flat through turn 4 and made the pass on Braden Jones on the brakes into turn 5. By the start of lap 7 it was Lopez in the lead followed by Norton, Bradshaw, Davis, and Braden Jones. Norton was all over Lopez’s rear tire looking for a place to get through as the two riders came through turn 5 right on top of each other. Norton, who knew that Lopez favored a wider line in turn 6 attempted to make a move on Lopez’s inside when his front tire let go and he started to lowside as the bikes tipped into the corner, collecting Lopez, and knocking them both out of the race. As red flags flew results rolled back to the positions at the start of lap 7 leaving Bradshaw as the winner followed by Davis and Braden Jones. In a post-race interview Bradshaw wanted to thank the community that helped him get his bike working well enough to ride, especially Rick Squires for spare Suzuki parts, as well as Kory Cowan and James Peterec from Moto Station for helping him sort through electronics issues.

As track temps crept even higher the MotoUnited Open Superstock race lined up on the grid. The race saw Hicks on pole position with Lopez out due to a crash in KOM and Bradshaw on P3. As the track went green, Meyer on P5 took the holeshot followed by Davis and Bradshaw. At the start of lap 2 Bradshaw forced his way up the inside to pass Davis in turn 1. On lap 3 Meyers was leading followed by Bradshaw and Davis. Bradshaw got a solid drive through turns 3 and 4 and passed Meyer inside on the brakes into turn 5. Bradshaw secured first position for the time, and just focused on managing the tires. At the start of lap 4 Davis made an overtake on Meyer into turn 1 for second position. Hicks, trying to make up time after a bogged start, was on his way into turn 7 and passed Davis for second. The final standings had Meyer in fourth, Davis in third, and Hicks taking second. Top podium spot went to number 96 Bradshaw.

The rest of the day held some awesome racing and a few upsets as the season championship took shape. In the Legion of Speed Novice GTO race, Joshua Fisher took the holeshot from P2 holding the lead until lap 3 when he was overtaken on the inside into turn 1 by Sam Arquit. Fisher’s woes were far from over with Malichi Roybal overtaking him into turn 1 on the fourth lap and Remington Mathews charging around him on the front straight. On lap 4 Roybal made his way through Arquit in turn 10 to take first. On lap 5 Mathews made his pass on Arquit, and quickly caught Roybal on lap 6 to pass on the inside into turn 1. Mathews took the win, Roybal held second, and Arquit took third. Later in the day we had the Velosio Production 500. Childree took the holeshot to begin his stretch away from the pack. Behind Childree was Gerwe in second and Brad Moore in third. Kirk Doyle was on the charge from fourth and made the pass on Moore down the back straight for third. On lap 2 Childree led followed by Gerwe and Doyle. In turn 1 Doyle passed Gerwe for second position and on lap 4 turn 9 Gerwe went back through the inside of Doyle. At the start of lap 7, Doyle responded by making a pass on Gerwe in turn 2. After a great back and forth Gerwe finished the race in third position and Doyle in second. Childree would take the win in the class.

After the races had been wrapped up, club members gathered for the traditional post-race BBQ, awards, and to talk about the day’s trials and tribulations. Afterwards racers reluctantly began packing up their garages and loading up their bikes with excitement for Round 5 buzzing strongly in the air. Round 5 is set to be held on Utah Motorsports Campus’ Perimeter configuration on August 14th. The club has not run the Perimeter configuration since 2019 and spirits are high to see it return. We look forward to seeing you all then!

The Utah Sport Bike Association is a Utah Non-Profit dedicated to promoting education, safe riding, and competition in the Intermountain West. You can find more information about the USBA, upcoming events, and schools at www.utahsba.com or find us on Facebook.

Overall Results:

Motostation/Trackstar KOM Overall:

1. Michael Jr Bradshaw (SUZ GSXR1000)

2. Bill Davis (BMW S1000RR)

3. Braden Jones (YAM R1)

4. David Meyer (YAM R1)

5. Brian Childree (KAW ZX-6R)

6. Ryan Richardson (KAW ZX10R)

Motostation KOM GTO:

1. Michael Jr Bradshaw (SUZ GSXR1000)

2. Bill Davis (BMW S1000RR)

3. Braden Jones (YAM R1)

4. David Meyer (YAM R1)

5. Ryan Richardson (KAW ZX10R)

6. Kevin Dolan (KAW ZX10R)

Trackstar KOM GTU:

1. Brian Childree (KAW ZX-6R)

2. Cole Phillips (YAM R6)

AZ Riding Academy Combined GTO

1. Rick Squires (SUZ GSXR1000)

2. Lee Mcnutt (YAM R6)

3. Peter Hofpointner (YAM R6)

4. Marshall Miller (BMW S1000RR)

5. Max Tseng (YAM R6)

6. Joshua Snow (YAM R1)

C&R Coatings Combined GTU

1. Peter Hofpointner (YAM R6)

2. Lee Mcnutt (YAM R6)

3. Max Tseng (YAM R6)

4. Nicholas Schmit (SUZ GSXR-600)

5. Sam Corser (YAM R6)

6. James Riggs (YAM R6)

The Edge Powersports Deseret Dash – Expert

1. Eric Jones (YAM R1)

2. David Meyer (YAM R1)

3. Braden Jones (YAM R1)

4. Alex Zinaich (YAM YZFR1)

5. Joshua Snow (YAM R1)

6. Nicholas Schmit (SUZ GSXR-600)

The Edge Powersports Deseret Dash – Novice

1. Sam Arquit (HON CBR1000RR)

2. Joshua Fisher (TRI DAYTONA-675R)

3. Brian Gerwe (HON CBR600RR)

4. John Tillotson (YAM R1)

5. Tyler Donaworth (TRI DAYTONA-675)

6. Dustin Lance (YAM R6)

Harrison Eurosports Formula 40 – GTO

1. Bill Davis (BMW S1000RR)

2. Eric Jones (YAM R1)

3. David Meyer (YAM R1)

4. Michael Jr Bradshaw (SUZ GSXR1000)

5. Tyler Jones (YAM R-1)

6. Kevin Dolan (KAW R1)

Harrison Eurosports Formula 40 – GTU

1. Victor Arias (YAM YZF-R6)

2. Donald Rothfuss (DUC 848-EVO)

3. James Snow (SUZ SV650)

4. Daniel Egbert (SUZ SV650)

5. Dustin Lance (YAM R6)

6. Andrew Love (KAW ZX6R)

Bingham Cyclery Lightweight Superbike

1. Ryan Smith (APR RS660)

2. Daniel Egbert (SUZ SV650)

3. James Snow (SUZ SV650)

4. Sean Groenstein (HON NSF250R)

5. Jeff Masters (YAM FZ-07)

6. Brad Moore (YAM YZF-R3)

Blud Racing Lubricants Middleweight Superbike

1. Brian Childree (KAW ZX-6R)

2. Cole Phillips (YAM R6)

3. Richard Findlay (SUZ GSXR-600)

4. Brad Moore (YAM YZF-R3)

Toxic Moto Racing Middleweight Superstock

1. Brian Childree (KAW ZX-6R)

2. Cole Phillips (YAM R6)

3. Peter Hofpointner (YAM R6)

4. Richard Findlay (SUZ GSXR-600)

5. Nicholas Schmit (SUZ GSXR-600)

6. Braxton Young (HON CBR600RR)

The Mechanic Modern Vintage – GTO

1. Kevin Dolan (SUZ GSXR1000)

2. James Kling (DUC 1198)

3. Marshall Miller (BMW S1000RR)

4. Sam Arquit (HON CBR1000RR)

5. Joshua Snow (YAM R1)

6. Barry Ketmany (YAM YZFR1)

The Mechanic Modern Vintage – GTU

1. Richard Findlay (SUZ GSXR-600)

2. Nicholas Schmit (SUZ GSXR-600)

3. Victor Arias (YAM YZF-R6)

4. Braxton Young (HON CBR600RR)

5. Daniel Egbert (SUZ SV650)

6. Andrew Love (KAW ZX6R)

Karl Malone Powersports  Moto 2

1. Brian Childree (KAW ZX-6R)

2. Cole Phillips (YAM R6)

3. Peter Hofpointner (YAM R6)

4. Max Tseng (YAM R6)

5. Nicholas Schmit (SUZ GSXR-600)

6. Brock Jones (YAM R6)

Redline Realty Moto 3

1. Brian Gerwe (KAW NINJA-400)

2. Brad Moore (YAM YZF-R3)

3. Kirk Doyle (YAM FZR400)

4. Alex Hatfield (KAW NINJA-400)

5. Stephen Webster (YAM R3)

6. Rachel Kuns (KAW NINJA-400)

Legion of Speed Novice GTO

1. Remington Mathews (BMW S1000RR)

2. Malachi Roybal (YAM R1)

3. Sam Arquit (HON CBR1000RR)

4. Joshua Fisher (TRI DAYTONA-675R)

5. Pratt Wellman (APR RSV4-RR)

6. John Tillotson (YAM R1)

Brighton Peak Financial Novice GTU

1. Brock Jones (YAM R6)

2. Belisario Arango (KAW ZX6R)

3. Victor Arias (YAM YZF-R6)

4. Joshua Fisher (TRI DAYTONA-675R)

5. Chayce Lance (YAM R6)

6. Tyler Donaworth (TRI DAYTONA-675)

Vortex Open Superbike

1. Jerry Hicks (KAW NINJA-ZX10)

2. Michael Jr Bradshaw (SUZ GSXR1000)

3. Bill Davis (BMW S1000RR)

4. Kevin Dolan (KAW ZX10R)

5. Rick Squires (SUZ GSXR1000)

6. Gilbert Gonzalez (KAW ZX10R)

MotoUnited Open Superstock

1. Michael Jr Bradshaw (SUZ GSXR1000)

2. Jerry Hicks (KAW NINJA-ZX10)

3. Bill Davis (BMW S1000RR)

4. David Meyer (YAM R1)

5. Ryan Richardson (KAW ZX10R)

6. James Peterec (SUZ GSX-R-1000R)

Karl Malone Powersports Open Twins

1. James Kling (DUC 1198)

2. Ryan Smith (APR RS660)

3. Daniel Egbert (DUC 1199S)

4. Joshua Fisher (TRI DAYTONA-675R)

5. Mike Jensen (TRI 675R-DAYTONA)

6. Donald Rothfuss (DUC 848-EVO)

Velosio Production 500

1. Brian Childree (KAW NINJA-400)

2. Brian Gerwe (KAW NINJA-400)

3. Brad Moore (YAM YZF-R3)

4. Alex Hatfield (KAW NINJA-400)

5. Rachel Kuns (KAW NINJA-400)

6. Stephen Webster (YAM R3)

Monarch Powersports Sportsman

1. Russell Carpenter (YAM R6)

2. Miguel Alamillo (SUZ GSX-R-600)

3. Moe Fareed (TRI DAYTONA-675R)

4. Justin Stapleford (SUZ GSXR-1000)

Napa Auto Parts Tooele Stock 1000

1. Jerry Hicks (KAW NINJA-ZX10)

2. Bill Davis (BMW S1000RR)

3. David Meyer (YAM R1)

4. Alex Zinaich (YAM YZFR1)

5. Gilbert Gonzalez (KAW ZX10R)

6. Ryan Richardson (KAW ZX10R)

Carbonsmith Super Street Bike

1. Victor Arias (KAW EX500)

Harley-Davidson Gains Sales, Revenue During Q2

Harley-Davidson's new Pan America 1250 adventure touring bike. Photo courtesy Harley-Davidson.
Harley-Davidson's new Pan America 1250 adventure touring bike. Photo courtesy Harley-Davidson.
HARLEY-DAVIDSON DELIVERS STRONG SECOND QUARTER FINANCIAL RESULTS

MILWAUKEE, July 21, 2021 — Harley-Davidson, Inc. (“Harley-Davidson”) (NYSE:HOG) today reported second quarter results.

“I’m pleased with the pace of improvements and with the strong quarter that we have delivered,” said Jochen Zeitz, Chairman, President and CEO, Harley-Davidson. “We are starting to see the initial proof points as we execute our Hardwire Strategy, as demonstrated by the positive financial results today. We are encouraged by the signs of consumer positivity in the market; however, we remain mindful of the significant supply chain challenges that we expect to continue to impact the sector.”

Second Quarter 2021 Highlights and Results, and Recent Announcements

  • Delivered Q2 GAAP diluted EPS of $1.33, up $1.93 over Q2 2020
  • Q2 H-D, Inc. total revenue up 77 percent over Q2 2020
  • North America Q2 retail sales up 43% over Q2 2020 and up 5% over Q2 2019
  • Delivered strong Motorcycles and Related Products (Motorcycles) segment gross margin and operating margin driven by the Rewire product portfolio adjustments
  • Delivered Financial Services segment Q2 2021 operating income growth of $90 million over Q2 2020 driven by a lower provision for credit losses
  • Launched LiveWire as a standalone brand and introduced LiveWire ONE™ – the electric motorcycle built for the urban experience, with the power and range to take you beyond
  • Revealed Sportster® S, the all-new Sportster motorcycle built on the Revolution Max platform
  • Launched H-D1™ Marketplace today, the ultimate online destination for pre-owned Harley-Davidson motorcycles in North America.

Second Quarter 2021 Results

Harley-Davidson, Inc. Consolidated Financial Results nm – not meaningful
$ in millions (except EPS) 2nd quarter 6 months
2021 2020 Change 2021 2020 Change
Revenue $1,532 $865 77% $2,955 $2,163 37%
Net Income (Loss) $206 ($92) nm $465 ($23) nm
GAAP Diluted EPS $1.33 ($0.60) nm $3.01 ($0.15) nm
Adjusted Diluted EPS $1.41 ($0.38) nm $3.11 $0.13 nm

 

Q2 consolidated revenue was up 77 percent versus Q2 2020 driven by strong growth in the Motorcycles and Related Products segment. Bottom-line results reflect significant operating income improvement with strong results in both the Motorcycles and the Financial Services segments.

 

Harley-Davidson Retail Motorcycle Sales
Motorcycles (thousands) 2nd quarter 6 months
2021 2020 Change 2021 2020 Change
North America 48.2 33.6 43% 81.0 58.8 38%
EMEA 10.2 11.0 (7)% 15.2 18.7 (19)%
Asia Pacific 6.0 6.9 (13)% 11.8 12.6 (7)%
Latin America 0.9 1.2 (31)% 1.6 3.0 (47)%
Worldwide Total 65.3 52.7 24% 109.5 93.2 18%

 

Global retail motorcycle sales in the second quarter were up 24 percent, driven by a strong Q2 North America retail performance. EMEA Q2 retail sales declines were a result of the company’s decision not to continue selling Street and legacy Sportster motorcycles in Europe. Latin America retail sales were impacted by a reduction in dealers and pricing actions across the portfolio, which were executed as part of the Rewire strategy.

 

Motorcycles and Related Products Segment Results
$ in millions 2nd quarter 6 months
2021 2020 Change 2021 2020 Change
Motorcycle Shipments (thousands) 56.7 28.4 100% 111.5 81.3 37%
Revenue $1,332 $669 99% $2,564 $1,769 45%
   Motorcycles $1,030 $447 131% $2,046 $1,346 52%
   Parts & Accessories $223 $169 32% $373 $303 23%
   General Merchandise $56 $38 47% $106 $87 22%
Gross Margin 30.6% 16.1% 14.5 pts. 32.3% 24.1% 8.2 pts.
Operating Income (Loss) $186 ($121) nm $413 ($36) nm
Operating Margin 14.0% (18.1%) 32.0 pts. 16.1% (2.1%) 18.2 pts.

 

Revenue from the Motorcycles and Related Products segment was up significantly during the second quarter primarily driven by a 100 percent increase in wholesale shipments as the company lapped last year’s COVID-19 related shutdown.

Parts and Accessories second quarter revenue was up 32 percent while General Merchandise was up 47 percent over Q2 2020.

Second quarter gross margin was up 14.5 percentage points to Q2 prior year while second quarter operating margin finished up 32 percentage points over Q2 prior year due to volume gains behind lapping last year’s COVID-19 related shutdown, improved motorcycle unit mix and lower restructuring expense.

 

Financial Services Segment Results
$ in millions 2nd quarter 6 months
2021 2020 Change 2021 2020 Change
Revenue $201 $196 2% $391 $394 (1)%
Operating Income $95 $5 nm $213 $28 nm

 

Financial Services segment operating income was up significantly over prior year in the second quarter, primarily driven by a lower provision for credit losses.

Other Results
Harley-Davidson generated $644 million of cash from operating activities year-to-date in 2021, $34 million favorable to year-to-date 2020. Cash and cash equivalents were $1.7 billion at the end of the second quarter, down $2.1 billion to the end of Q2 2020 as the company has intentionally brought down cash balances as it believes the pandemic-related liquidity concerns have eased.

Tax Rate – The company’s second quarter effective tax rate was 25 percent.

Dividends – The company paid cash dividends of $0.15 per share in Q2 2021.

As a result of its Q2 performance, for the full-year 2021, the company now expects:

  • Financial Services segment operating income growth of 75 to 85 percent, an increase from the previously communicated range of 50 to 60 percent.
  • GAAP Motorcycles segment operating income margin of 6 to 8 percent given the recent EU’s decision to keep the current tariff at 31 percent while tariff negotiations occur. If the company is successful in materially mitigating the additional EU tariffs in 2021, the company expects the operating income margin would be 7 to 9 percent.

Additionally, for the full-year 2021, the company continues to expect:

  • Motorcycles segment revenue growth to be 30 to 35 percent.
  • Capital expenditures of $190 million to $225 million.

Cash allocation priorities remain to first fund growth through The Hardwire initiatives, then to pay dividends. Given the company’s strong cash position, the company may also choose to execute discretionary share repurchases.

Company Background

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.

Webcast

Harley-Davidson will discuss its financial results and outlook on an audio webcast at 8:00 a.m. CT today. The webcast login and supporting slides can be accessed at http://investor.harley-davidson.com/news-and-events/events-and-presentations. The audio replay will be available by approximately 10:00 a.m. CT.

Non-GAAP Disclosure

This press release includes financial measures that have not been calculated in accordance with U.S. generally accepted accounting principles (GAAP) and are therefore referred to as non-GAAP financial measures. The non-GAAP measures described below are intended to be considered by users as supplemental information to the equivalent GAAP measures, to aid investors in better understanding the company’s financial results. The company believes that these non-GAAP measures provide useful perspective on underlying business results and trends, and a means to assess period-over-period results. These non-GAAP measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. These non-GAAP measures may not be the same as similarly titled measures used by other companies due to possible differences in method and in items or events being adjusted.

The non-GAAP measures included in this press release are adjusted net income (loss) and adjusted diluted EPS. These non-GAAP measures exclude restructuring plan costs and the impact of European Union (EU) tariffs. Restructuring plan costs include restructuring expenses as presented in the consolidated statements of operations. The impact of EU tariffs include incremental EU tariffs imposed beginning in 2018 on the company’s products shipped from the U.S. and, beginning in 2021, on the company’s products shipped from Thailand. These non-GAAP measures, as well as a reconciliation of the comparable GAAP measure to these non-GAAP measures, are included later in this press release.

Cautionary Note Regarding Forward-Looking Statements

The company intends that certain matters discussed in this press release are “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such because the context of the statement will include words such as the company “believes,” “anticipates,” “expects,” “plans,” “may,” “will,” “estimates,” “targets,” “intend,” “is on-track” or words of similar meaning. Similarly, statements that describe or refer to future expectations, future plans, strategies, objectives, outlooks, targets, guidance, commitments or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially, unfavorably or favorably, from those anticipated as of the date of this press release. Certain of such risks and uncertainties are described below. Shareholders, potential investors, and other readers are urged to consider these factors in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included in this press release are only made as of the date of this press release, and the company disclaims any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

Important factors that could affect future results and cause those results to differ materially from those expressed in the forward-looking statements include, among others, the following: (i) the COVID-19 pandemic, including the length and severity of the pandemic across the globe and the pace of recovery following the pandemic; and (ii) the company’s ability to: (A) execute its business plans and strategies, including The Hardwire and the evolution of LiveWire as a standalone brand, successfully execute its remodeled approach to supply and inventory management, and strengthen its existing business while allowing for desirable growth; (B) mitigate the impact of the revocation of the Binding Origin Information (“BOI”) decisions that allowed the company to supply its European Union market with certain of its motorcycles produced at its Thailand operations at a reduced tariff rate and favorably resolve risks and uncertainties related to the revocation of the BOI decisions including, among other: (1) uncertainties regarding the quantity and mix of motorcycles that the company imports into the EU; (2) whether the company will be granted temporary relief from the effect of the revocation of the BOI decisions; (3) whether the company will be successful in appealing the revocation of the BOI decisions; (4) uncertainties regarding the size and duration of the EU tariffs; and (5) whether and to what extent the company determines to attempt to pass on the impact of the revocation to dealers and its success in doing so; (C) accurately analyze, predict and react to changing market conditions and successfully adjust to shifting global consumer needs and interests; (D) successfully access the capital and/or credit markets on terms that are acceptable to the company and within its expectations; (E) successfully carry out its global manufacturing and assembly operations; (F) develop and introduce products, services and experiences on a timely basis that the market accepts, that enable the company to generate desired sales levels and that provide the desired financial returns, including successfully implementing and executing plans to strengthen and grow its leadership position in Touring, large Cruiser and Trike, and growing its complementary businesses; (G) perform in a manner that enables the company to benefit from market opportunities while competing against existing and new competitors; (H) prevent, detect, and remediate any issues with its motorcycles or any issues associated with the manufacturing processes to avoid delays in new model launches, recall campaigns, regulatory agency investigations, increased warranty costs or litigation and adverse effects on its reputation and brand strength, and carry out any product programs or recalls within expected costs and timing; (I) manage supply chain issues, including quality issues and any unexpected interruptions or price increases caused by raw material shortages or natural disasters; (J) manage the impact that prices for and supply of used motorcycles may have on its business, including on retail sales of new motorcycles; (K) realize expectations concerning market demand for electric models, which will depend in part on the building of necessary infrastructure; (L) successfully manage and reduce costs throughout the business; (M) manage through changes in general economic and business conditions, including changing capital, credit and retail markets, and the changing political environment; (N) continue to develop the capabilities of its distributors and dealers, effectively implement changes relating to its dealers and distribution methods and manage the risks that its independent dealers may have difficulty obtaining capital and managing through changing economic conditions and consumer demand; (O) develop and maintain a productive relationship with Zhejiang Qianjiang Motorcycle Co., Ltd. and launch related products in a timely manner; (P) develop and maintain a productive relationship with Hero MotoCorp as a distributor and licensee of the Harley-Davidson brand name in India; (Q) manage and predict the impact that new or adjusted tariffs may have on the company’s ability to sell products internationally, and the cost of raw materials and components; (R) successfully maintain a manner in which to sell motorcycles in China and the company’s ASEAN countries that does not subject its motorcycles to incremental tariffs; (S) manage its Thailand corporate and manufacturing operation in a manner that allows the company to avail itself of preferential free trade agreements and duty rates, and sufficiently lower prices of its motorcycles in certain markets; (T) accurately estimate and adjust to fluctuations in foreign currency exchange rates, interest rates and commodity prices; (U) retain and attract talented employees, and eliminate personnel duplication, inefficiencies and complexity throughout the organization; (V) prevent a cybersecurity breach involving consumer, employee, dealer, supplier, or company data and respond to evolving regulatory requirements regarding data security; (W) manage the credit quality, the loan servicing and collection activities, and the recovery rates of HDFS’ loan portfolio; (X) adjust to tax reform, healthcare inflation and reform and pension reform, and successfully estimate the impact of any such reform on the company’s business; (Y) manage through the effects inconsistent and unpredictable weather patterns may have on retail sales of motorcycles; (Z) implement and manage enterprise-wide information technology systems, including systems at its manufacturing facilities; (AA) manage changes and prepare for requirements in legislative and regulatory environments for its products, services and operations; (BB) manage its exposure to product liability claims and commercial or contractual disputes; (CC) continue to manage the relationships and agreements that the company has with its labor unions to help drive long-term competitiveness; and (DD) achieve anticipated results with respect to the company’s recently launched pre-owned motorcycle program, Harley-Davidson Certified, and the successful launch of the company’s H-D1 Marketplace.

The company’s operations, demand for its products, and its liquidity could be adversely impacted by work stoppages, facility closures, strikes, natural causes, widespread infectious disease, terrorism, or other factors. Other factors are described in risk factors that the company has disclosed in documents previously filed with the Securities and Exchange Commission. Many of these risk factors are impacted by the current changing capital, credit and retail markets and the company’s ability to manage through inconsistent economic conditions.

The company’s ability to sell its motorcycles and related products and services and to meet its financial expectations also depends on the ability of the company’s independent dealers to sell its motorcycles and related products and services to retail customers. The company depends on the capability and financial capacity of its independent dealers to develop and implement effective retail sales plans to create demand for the motorcycles and related products and services they purchase from the company. In addition, the company’s independent dealers and distributors may experience difficulties in operating their businesses and selling Harley-Davidson motorcycles and related products and services as a result of weather, economic conditions, the impact of COVID-19, or other factors.

In recent years, HDFS has experienced historically low levels of retail credit losses, but there is no assurance that this will continue. The company believes that HDFS’ retail credit losses may increase over time due to changing consumer credit behavior and HDFS’ efforts to increase prudently structured loan approvals to sub-prime borrowers, as well as actions that the company has taken and could take that impact motorcycle values. Refer to “Risk Factors” under Item 1A of the company’s Annual Report on Form 10-K for the year ended December 31, 2020 filed with the SEC on February 23, 2021 and Part II, Item 1A of any subsequently filed Quarterly Report on Form 10-Q, for a discussion of additional risk factors and a more complete discussion of some of the cautionary statements noted above.

AHRMA: Results From Classic Motofest Of Monterey

AHRMA racers Michael Butler (757), John Deuser (189), Dave Crussell (119), Mathew Morse (055), Mike Root (R66), Alex Spanos (L29), and Kevin McKee (900) in action at Laguna Seca. Photo by Kevin McIntosh, courtesy AHRMA.
AHRMA racers Michael Butler (757), John Deuser (189), Dave Crussell (119), Mathew Morse (055), Mike Root (R66), Alex Spanos (L29), and Kevin McKee (900) in action at Laguna Seca. Photo by Kevin McIntosh, courtesy AHRMA.

Editorial Note: Use the scroll and zoom keys in the bottom left corner of the PDF viewer to better see all pages of the race results.

2021 Laguna Seca - All Results

MotoGP: Pedrosa Racing KTM As Wild Card In Austria

KTM test rider Dani Pedrosa (26). Photo courtesy Dorna.
KTM test rider Dani Pedrosa (26) in action in 2021. Photo courtesy Dorna.

PEDROSA CONFIRMED TO MAKE RED BULL KTM MOTOGP™ WILDCARD APPEARANCE IN AUSTRIA

Red Bull KTM Factory Racing test rider Dani Pedrosa will make a debut competitive outing with the KTM RC16 by entering the tenth round of the 2021 MotoGP series: the Michelin Grand Prix of Styria at the Red Bull Ring, Austria on August 6-8.

 

Dani Pedrosa. Photo courtesy Red Bull KTM Factory Racing.
Dani Pedrosa. Photo courtesy Red Bull KTM Factory Racing.

 

The 35-year-old MotoGP Legend retired from full-time racing with 31 victories and 112 podium results from 13 seasons in the premier class between 2006 and 2018. Since 2019 he has been an integral part of KTM’s development program for MotoGP and with the KTM RC16 that made its debut at the 2016 Gran Premio de la Comunitat Valenciana and then joined the grid on a permanent basis in 2017.

Pedrosa finished in the top five of the MotoGP championship 11 times from 13 campaigns and was a three-time runner-up. The Spaniard’s last Grand Prix was almost a thousand days ago with the 2018 event at the Circuit Ricardo Tormo in Valencia where he classified 5th. He has since shared a race track with the current MotoGP field at both IRTA and private test days. Red Bull Ring will represent his first race with KTM.

The long-term Red Bull athlete will steer an adapted development version of the KTM RC16 to gain further valuable data in Grand Prix conditions.

Dani Pedrosa: “It’s been super-interesting to be part of this project from the beginning with KTM in MotoGP and being able to share my experience with them. Step-by-step we did the best we could and now it’s interesting again to go into a race because it gives you a different perspective compared to a normal test. It has been a long time since my last race and, of course, the mentality for a GP is very different to a test. My focus for the GP is to try to test the things we have on the bike in a race situation. I wish to understand the requests riders might have for different sessions and technical features. Watching from home I can sense the improvements in the bikes and the racing but in order to understand more about MotoGP now, the new technologies and how to race and use strategies against the others we’ll make this wildcard. It’s difficult to talk about my expectations after being so long away from competition. It might all click into a racing mentality or it might not but we’ll try to enjoy the weekend as much as we can.”

Mike Leitner, Red Bull KTM Race Manager: “It will be curious to see Dani in MotoGP again. He has been away from racing for quite a long time but it will be valuable to have him in garage at Red Bull Ring to analyze the strong and not-so-strong parts of our KTM RC16 package in GP conditions and it will give him a good indication for his testing work. Dani has had a big influence in our MotoGP project thanks to all of his experience. The company was working and pushing hard to follow his requests, along with Mika’s [Kallio]. Dani was a good reference as he retired at the end of 2018 while still at the top of the sport and we can see some of his influence in the current success of the KTM RC16. He will have a mixture of the current race bike and some small upgrades and he will have some testing to do during the weekend but we also don’t want to overload him. We want him to enjoy the Grand Prix! There are a lot of young, strong riders in MotoGP at the moment, so he will be busy but this is a good way for him to learn more and feel the current benchmark in the sport and this will help us for future testing.”

Richmond Ramblers Holding Celebration Of Life For Dick Mann

Dick Mann (2). Photo courtesy American Honda.
Dick Mann (2). Photo courtesy American Honda.

The Richmond Ramblers Motorcycle Club is planning a Celebration of Life for motorcycle racing legend Dick Mann on July 24 in Point Richmond, California. The event is scheduled to run from 11:00 a.m. to 4:00 p.m. local time.

 

Dick Mann (2) riding injured on his Matchless G50 at the 1963 Ascot TT. This effort earned him the 1963 AMA Grand National Championship by a single point over George Roeder, according to Mann's friend Rob Iannucci. Photo by Dan Mahony.
Dick Mann (2) riding injured on his Matchless G50 at the 1963 Ascot TT. This effort earned him the 1963 AMA Grand National Championship by a single point over George Roeder, according to Mann’s friend Rob Iannucci. Photo by Dan Mahony, courtesy Rob Iannucci.

 

Mann died April 26 at the age of 86.

Don Emde will be the emcee of the Celebration of Life, according to Mann’s friend Rob Iannucci.

The location of the event is:

Richmond Ramblers Historic Clubhouse

818 Dornan Drive

Point Richmond , CA 94801

RSVP to [email protected]

 

Dick Mann on bike

Dick Mann on his Matchless G50. Photo courtesy Rob Iannucci.

MotoGP: Thai GP Cancelled Due To New Pandemic Restrictions

The start of the Grand Prix of Thailand in 2019. Photo courtesy of Dorna.
The start of the Grand Prix of Thailand in 2019. Photo courtesy of Dorna.

2021 Thai GP cancelled 

Wednesday, 21 July 2021

The FIM, IRTA and Dorna Sports regret to announce the cancellation of the OR Thailand Grand Prix, which was set to take place at Chang International Circuit from the 15th to the 17th of October. Despite the best efforts of all parties involved, the ongoing Covid-19 pandemic and resulting restrictions have obliged the cancellation of the event.

The FIM MotoGP™ World Championship looks forward to returning to race in front of the incredibly passionate Buriram crowd in 2022.

A replacement event is currently under consideration and any updates regarding a possible substitute will be published as soon as available.

British Superbike: Series Continues Next Weekend At Brands Hatch

The British Superbike Championship returns to Brands Hatch this coming weekend. Photo courtesy MSVR.
The Brands Hatch circuit. Photo courtesy MSVR.

Bennetts British Superbike Championship welcomes return of fans to crown Monster Energy King of Brands

The Bennetts British Superbike Championship returns to Brands Hatch this weekend and, following a 644-day wait from the 2019 season finale, fans will be welcomed back to the Kent venue in unrestricted numbers to witness the incredible spectacle of the country’s leading motorsport series.

There have already been three different race winners, plus a further four podium finishers, from the opening six races of this season setting the stage for another close contest this summer weekend. There is added glory up for grabs too, as riders will fight for the Monster Energy King of Brands Trophy.

The VisionTrack Ducati team lead the standings ahead of this weekend’s triple-header after Christian Iddon moved to the top of the standings at Knockhill. His victory last time out puts him six points clear of fierce rival and Oulton Park treble winner Jason O’Halloran.

O’Halloran made one mistake at Knockhill with a crash in race two forcing him to relinquish the series lead to Iddon. The McAMS Yamaha rider was victorious at Brands Hatch last October on his way to second in the title fight, and he will be aiming to regain the position with another strong weekend.

The most successful current Bennetts BSB rider at Brands Hatch is reigning champion Josh Brookes, equal on 19 race victories with Shane Byrne on the Grand Prix circuit. The VisionTrack Ducati rider has had an uncharacteristic start to this title defence, with a best result of sixth place and is currently 11th in the standings.

However, the Australian’s previous record at Brands Hatch is unrivalled by his opponents. The double champion has stood on the podium at the iconic circuit every year he’s competed, aside from 2014, since 2011. Indeed, Brooks has won seven of the last eight races on the Brands Hatch Grand Prix circuit.

Danny Buchan launched into third overall at Knockhill with an impressive double win for the SYNETIQ BMW team; he holds a slight edge over the second McAMS Yamaha rider, Tarran Mackenzie ahead of the three races this weekend.

Rookie Rory Skinner delivered a sensational performance at Knockhill, celebrating a podium finish in only his fifth Bennetts BSB race, before immediately following it up with another second place in the final race of the weekend.

A single point separates Skinner and the FS-3 Kawasaki team from Tommy Bridewell. The Oxford Products Racing Ducati team raced to the rostrum at the season opener and will be hoping to add to their Podium Points tally this weekend.

Peter Hickman and the FHO Racing BMW team debuted with a podium finish at Oulton Park, and after narrowly missing out at Knockhill, will be pushing to score BMW’s first win on the Grand Prix circuit since Michael Laverty in 2015. The team are expected to return to the full line-up at Brands Hatch, with Xavi Forés targeting his debut races in 2021 following injury sustained at Oulton Park.

Lee Jackson currently holds eighth place in the standings, and the FS-3 Kawasaki rider will be pushing to move further up the order this weekend with just a single point separating him from Ryan Vickers, who is just outside the all-important top eight for the RAF Regular & Reserve Kawasaki team.

Rich Energy OMG Racing BMW’s Bradley Ray and Kyle Ryde, plus Honda Racing’s Glenn Irwin and Buildbase Suzuki pairing Gino Rea and Danny Kent will all be pushing to claw their way up the order, as they currently sit outside the top eight positions, which will be critical to their title hopes ahead of the end of year Showdown.

Bennetts British Superbike Championship standings:

Christian Iddon (VisionTrack Ducati) 111

Jason O’Halloran (McAMS Yamaha) 105

Danny Buchan (SYNETIQ BMW) 91

Tarran Mackenzie (McAMS Yamaha) 76

Rory Skinner (FS-3 Kawasaki) 61

Tommy Bridewell (Oxford Products Racing Ducati) 60

Peter Hickman (FHO Racing BMW) 57

Lee Jackson (FS-3 Kawasaki) 46

For more information on the Bennetts British Superbike Championship visit www.britishsuperbike.com

 

Christian Iddon – VisionTrack Ducati

Championship leader

“It is a cool feeling to be leading the championship and it was great to win at Knockhill. In all honestly and I know I say it a lot, I always approach every event the same – I just go out and give my best.

“I know that the VisionTrack Ducati worked well at Brands Hatch last year and I believe that our set-up has improved since then. I know from what Josh does there, that the bike is super competitive at Brands Hatch. I also know that other riders have very competitive bikes there, like the Yam, and I expect a really strong weekend from Jason and probably more from Taz.

“But it is never easy – you never know what will happen until you get there and can never discount anyone, so I certainly won’t be doing any of that and there is no room for complacency. It can be only a moment in time that you’re in that position, so I am planning to keep us there for as long as possible.”

AMA Vintage Motorcycle Days At Mid Ohio Will Feature Demo Rides

Honda will hold demo rides during AMA Vintage Motorcycle Days. Photo courtesy AMA.
Honda will hold demo rides during AMA Vintage Motorcycle Days. Photo courtesy AMA.

Royal Enfield, Honda to Offer Demo Rides at 2021 AMA Vintage Motorcycle Days Presented By Royal Enfield

Event takes place July 23-25 in Lexington, Ohio

PICKERINGTON, Ohio — Motorcyclists in the market for a new bike can experience some of the hottest models available from Royal Enfield and American Honda at 2021 AMA Vintage Motorcycle Days, presented by Royal Enfield, July 23-25 at Mid-Ohio Sports Car Course in Lexington, Ohio.

Royal Enfield Meteor 350 models like these will be included in demo rides at AMA Vintage Motorcycle Days.
Royal Enfield Meteor 350 models like these will be included in demo rides at AMA Vintage Motorcycle Days.

Both companies will be on location with demo fleets. Licensed motorcyclists are invited to sign up for test rides during the event.

“AMA Vintage Motorcycle Days might celebrate the long history of motorcycling in America, but our attendees continue to be voracious consumers of new bikes,” said AMA Director of Industry Relations and Business Memberships Steve Gotoski. “Royal Enfield and American Honda are selling some of the most unique and cutting-edge production motorcycles today, with many models evoking motorcycling’s heritage. We’re thrilled to have both companies on location this July 23-25.”

A 2021-model Royal Enfield Himalayan. Photo courtesy Royal Enfield North America.
A 2021-model Royal Enfield Himalayan. Photo courtesy Royal Enfield North America.

Royal Enfield intends to have the new Meteor 350, Himalayan and additional 650cc models available for riders to try.

A Royal Enfield Continental GT 650. Photo courtesy Royal Enfield North America.
A Royal Enfield Continental GT 650. Photo courtesy Royal Enfield North America.

Honda is bringing a number of new bikes to the event, including Gold Wing standard and DCT clutch models and Rebel 1100 standard and DCT clutch models. In addition, they will have NC750X, CBR300R and Rebel 500 models on hand.

A Honda NC750X. Photo courtesy of American Honda.
A Honda NC750X. Photo courtesy of American Honda.
A 2021 Honda Rebel 1100 DCT. Photo courtesy American Honda.
A 2021 Honda Rebel 1100 DCT. Photo courtesy American Honda.

 

A 2021 Honda Rebel 1100. Photo courtesy American Honda.
A 2021 Honda Rebel 1100. Photo courtesy American Honda.

Attendees of AMA Vintage Motorcycle Days, presented by Royal Enfield, should plan to visit each brand’s display early each day to see the demo schedules and book a ride. More information is available at vintagemotorcycledays.com.

A valid motorcycle endorsement is required. Safety rules will be shared at sign up. Be prepared with a helmet, gloves, long sleeves, long pants and over-the-ankle boots.

The 2021 AMA Vintage Motorcycle Days will feature an On Any Sunday theme, celebrating 50 years of Bruce Brown’s epic moto documentary, with AMA Motorcycle Hall of Famer David Aldana — one of the film’s legendary stars — serving as Grand Marshal. There will also be a special outdoor screening of the beloved film on Friday, July 23.

Racers and fans will appreciate all the racing action, from road racing and motocross to cross-country, dirt track and trials — and much of it with an AMA Grand Championship flavor. Riders as young as age 4 are permitted to compete in motocross, while those 12 and up can ride in trials, dirt track and hare-scrambles events. There’s also exhibition pit-bike racing on Saturday. Learn more and register today.

The event will also include all the vintage-oriented happenings that classic-bike fans love, including Hall of Fame activities, Wall of Death and vintage bike shows. Tickets are still available at midohio.com or can be purchased at the gate on the days of the event for an additional $10.

About the American Motorcyclist Association
Founded in 1924, the AMA is a not-for-profit member-based association whose mission is to promote the motorcycle lifestyle and protect the future of motorcycling. As the world’s largest motorcycling rights and event sanctioning organization, the AMA advocates for riders’ interests at all levels of government and sanctions thousands of competition and recreational events every year. The AMA also provides money-saving discounts on products and services for its members. Through the AMA Motorcycle Hall of Fame in Pickerington, Ohio, the AMA honors the heroes and heritage of motorcycling. For more information, visit americanmotorcyclist.com.

Not a member? Join the AMA today: americanmotorcyclist.com.

Ducati Multistrada V4 S Receives North American Radar Certification

Ducati Multistrada V4 S motorcycles. Photo courtesy Ducati.
Ducati Multistrada V4 S motorcycles. Photo courtesy Ducati.

Ducati Multistrada V4 S is officially radar-certified in North America

Multistrada V4 S radar technology is a revolutionary new system incorporated for the first time on a production motorcycle

Adaptive Cruise Control and Blind Spot Detection provides enhanced levels of rider comfort and convenience

Sunnyvale, Calif. – The Ducati Multistrada V4 S is now radar-certified in North America, allowing riders the capability to enjoy the revolutionary new radar system for the first time on a production motorcycle. This certification will enable North American customers to use Adaptive Cruise Control and Blind Spot Detection systems.

With the radar technology hardware now having been certified, current model-year 2021 Multistrada V4 S owners may have radar software uploaded and calibrated by their dealerships.  All 2021 Multistrada V4 S models are equipped with the radar hardware as standard providing the customer the choice to upgrade and activate the radar technology.

“Ducati is proud to be the first to deliver radar on a motorcycle, and the North American release of this technology takes Ducati further into the future of motorcycling,” said Jason Chinnock, Chief Executive Officer of Ducati North America. “We have consistently led the development of emerging technologies, and now with the use of radar we can greatly enhance the convenience and comfort for our riders. The Multistrada V4 S is the perfect application for radar technology, as one of the strengths of this motorcycle is to tackle cross-country adventures. Having the benefits of Adaptive Cruise Control and Blind Sport Detection at the rider’s fingertips will make these journeys even more enjoyable.”

The Multistrada V4 S’s radar technology is an advanced rider aid system that manages two functions: Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD). The ACC is perfectly integrated into the bike, which by means of controlled braking and acceleration automatically maintains the distance (selectable on four levels) from other vehicles. The ACC system allows for more comfortable riding, especially on long highway journeys. The Blind Spot Detection (BSD) technology, housed under the taillight, can detect and report vehicles approaching in the so-called blind spot, namely the area not visible either directly by the rider or through the rear-view mirror. The BSD system monitors traffic behind the rider and displays a rider warning thanks to the LEDs positioned in the rear-view mirrors. If the user activates the direction indicator expressing the intention to change lane, the BSD flashes the LED signalling a potentially dangerous condition.

The motorcycle is currently available in dealerships throughout North America.

United States pricing for the Multistrada V4 begins at an MSRP of $19,995, with the Multistrada V4 S starting at $24,095 and Multistrada V4 S Sport at $26,095. For Canada, the Multistrada V4 starts at an MSRP of $22,395 CAD and an MSRP of $26,745 CAD for the Multistrada V4 S, with the Multistrada V4 S Sport starting at a Canadian MSRP of $28,795 CAD.

Additional information can be found on Ducati-MultistradaV4.com.

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