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Hero MotorCorp Buys Half of Erik Buell Racing

According to a press release from Hero MotorCorp, the U.S. arm of Hero, HMCL (NA), has agreed to purchase 49.2% of Erik Buell Racing for $25 million. HMCL (NA) is said to have transferred $15 million to EBR with the remaining $10 million to be paid within the next nine months. Hero says it will have two members and one observer sitting on the EBR board of directors but Erik Buell will continue as Chairman and CEO of the company.

Hero MotoCorp Forms Joint Venture with Magneti Marelli

Indian manufacturer Hero MotoCorp is teaming up with electronic fuel injection expert Magneti Marelli in a new joint venture. Hero will hold a 60% share in the company with Magenti Marelli controlling the other 40%. The two companies are initially investing a combined US$8.5 million into the joint venture, with a planned  investment of US$27 million total over the next ten years.

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.