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Yamaha to Cut Motorcycle Production in 2009

With mounting inventories coupled with a drop in demand, Yamaha will be cutting its motorcycle production in Japan by 24 percent this year or to about 260,000 total units; one newspaper reported this would be a 40-year low for the manufacture. Yamaha plans to cut production for motorcycles and other products by 30 percent in the Americas, 20 percent in Europe but will maintain production levels in Asia where demand has not dropped off. The company is forecasting its group sales to fall 22 percent with an operating loss of about $300 million.

Yamaha Files Patents for Leaning Three-Wheeled Electric Scooter

Yamaha has filed a number of patents with the U.S. Patent and Trademark Office and the European Patent Office for an electric three-wheeled scooter. Unlike the Yamaha Tricity which has two wheels at the front and a third wheel at the rear, the patents are for a scooter with two rear wheels, each driven by an electric hub motor.

Ben Spies Retires from Motorcycle Racing

Ben Spies announced his retirement from motorcycle racing, as injuries cut short a once promising career for the American. Spies retires with a World Superbike title in his first and only season in the series, and three AMA Superbike Championships. “I want to thank everyone from racing organizations, factories, teams and all my fans for helping me and supporting me throughout my career,” says Spies.