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Buell Motorcycles Shut Down [video]

Update Nov 13: Last Buell Motorcycle Rolls Off the Line An emotional Erik Buell has posted a video on the Buell Motorcycle site officially announcing that Harley-Davidson has shut down all Buell motorcycle production.  Harley-Davidson will honor all warranties for Buell owners, Buell dealers will still be selling the limited supply of bikes that are currently on hand.  Visit Motorcycle.com News for more details. You can watch the video statement from Eric Buell after the jump. Get the Flash Player to see this player.

AMA Pro Racing Announces Basic Twins Flat Track Class for 2014 Season

AMA Pro Racing announced a new class for Flat Track racing designed to provide a new stepping stone for up-and-coming Pro-licensed racers, replacing the Pro Singles class in 2014. The new class, to be called Basic Twins, is more or less a revival of the Basic Expert Twins division that ran during the 2007 and 2008 seasons, but dropped when the Pro Singles class was introduced for 2009. The new class will give young racers a chance to showcase their skills on Twins, easing their transition to eventually enter the Grand National Expert Twins class.

Erik Buell Racing Secures $20 Million in Foreign Investments

Erik Buell Racing has received a $20 million injection from investors. The increased funding is expected to expand the company’s product line and create about 200 jobs. The investment comes through the somewhat fittingly-named “EB-5” program, a product of the Immigrant Act of 1990 designed to encourage investment in American companies by potential immigrants.