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Erik Buell Racing Secures $20 Million in Foreign Investments

Erik Buell Racing has received a $20 million injection from investors. The increased funding is expected to expand the company’s product line and create about 200 jobs. The investment comes through the somewhat fittingly-named “EB-5” program, a product of the Immigrant Act of 1990 designed to encourage investment in American companies by potential immigrants.

AMA to Combine Daytona Sportbike and Supersport Classes in 2015

AMA Pro Racing announced plans to combine its Daytona Sportbike and Supersport classes into a single category by the 2015 season. The two classes currently share many similarities including engine displacement regulations, minimum weight limits and eligible machines. The Supersport class has more restrictions on modifications and are limited to a maximum top speed of 165 mph while Daytona Sportbike machines are allowed to reach speeds up to 170 mph.

Zero Motorcycles Promotes Askenazi to CTO

Zero Motorcycles has promoted Abe Askenazi to the position of chief technology officer. A former Buell engineer, Askenazi joined Zero Motorcycles in 2010 as vice president of engineering where he played a vital role in developing the company’s 2011 line-up, overhauling over 80% of Zero’s existing electric motorcycle line-up while adding the Zero XU and street legal versions of the Zero X and Zero MX in just 10 months on the job. “Abe’s ability to effectively execute on an aggressive product development plan, select the best new technologies and rally his team is remarkable.