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US Motorcycle Sales First Half 2011 Results

The U.S. motorcycle industry saw a 4.6% decrease in year-on-year sales over the first six months of 2011, thanks mostly to a 17.3% drop in ATV sales. Motorcycle and scooter sales however saw a 1.7% bump in the first half .

More Information On The 2014 Erik Buell Racing 1190RX – Video

Earlier this week, Erik Buell Racing took the wraps off the all-new 2014 EBR 1190RX at the AIMExpo in Orlando, Florida. A more affordable offspring of the race-derived 1190RS, this RX version packs a lot of punch for a much more reasonable $18,995 price tag. Starting with the V-Twin engine, the powerful unit makes 185 hp and a whopping 102 ft.-lbs.

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.