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Team Hammer Releases Martin Cardenas

AMA Pro Racing’s Team Hammer has released Martin Cardenas from his contract to allow the reigning AMA Daytona Sportbike Champion “to better pursue his goal of returning to World Championship competition as soon as possible.” Though the eventual goal appears to be for Cardenas to move up to the World Superbike Championship, rumors have Cardenas landing with the Yoshimura Suzuki factory team to race in the AMA Superbike Championship in 2013 as an eventual stepping stone towards international racing. Cardenas won the 2010 and 2012 AMA Daytona Sportbike championships with Team Hammer riding a Suzuki GSX-R600. Team Hammer held a contract option for Cardenas for the 2013 season but decided to release the Colombian racer, allowing him to take a different route towards a WSBK career.

India Raises Import Duty on Motorcycles to 75%

The government of India has laid out its budget for 2013-2014, increasing the import duty for large motorcycles. The news will impact several major manufacturers hoping to gain a stake in the world’s second largest motorcycle market. India has become the hotspot for manufacturers but one of the biggest obstacles they face is the duty India levies on luxury goods.

Yamaha Reports Q2 2012 Results

Yamaha has lowered its 2012 year-end sales forecast by 14.3% after reporting disappointing first half results. The Japanese manufacturer reported a profit of 14.5 billion yen (US$184.3 million), a 49.8% decrease from a profit of 29 billion yen reported in the first half of 2011. According to the company’s financial report for the quarter ended June 30, 2012, Yamaha‘s net sales totaled 632.2 billion yen (US$8.04 billion), a 4.6% decrease from net sales of 663.1 billion yen reported in the same quarter of 2011.