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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.

Celebrities on Motorcycles

Warren Buffett Could Buy 3.5Million 2009 Yamaha V-Max Motorcycles. Better ramp up production! Seen here, Billionaire financier Warren Buffett poses on a motorcycle during the Berkshire Hathaway Annual Shareholders meeting.

MotoGP Axes Claiming Rule and Adjusts Moto2 Engine Swap Fees

The International Motorcycling Federation‘s Grand Prix Commission officially annulled MotoGP‘s Claiming Rule. Effective immediately, teams using the official spec Magneti Marelli ECU hardware and software are exempt from having their engines claimed. Starting in the 2014 season however, the claiming rule will be cancelled completely.