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Hero MotoCorp Forms Joint Venture with Magneti Marelli

Indian manufacturer Hero MotoCorp is teaming up with electronic fuel injection expert Magneti Marelli in a new joint venture. Hero will hold a 60% share in the company with Magenti Marelli controlling the other 40%. The two companies are initially investing a combined US$8.5 million into the joint venture, with a planned  investment of US$27 million total over the next ten years.

Capirossi Announces Retirement at Conclusion of 2011 Season

Loris Capirossi announced he will retire at the end of the 2011 MotoGP season, closing off a quarter century of racing including 22 years at the Grand Prix level and three World Championships. “It’s an important moment in my career, and the decision I made has come about after a lot of reflection,” says Capriossi. “I’m happy that after 25 years, of which 22 were in the world championship, I’m at a point where I can still have a smile on my lips as I part ways, even if it’s difficult to think that I won’t be riding a bike next year.” The announcement was made during a press conference at Misano for the upcoming San Marino Grand Prix, the final Italian stop of the 2011 season.

2013 Honda CBR500, CB500R and CB500X Spied in Commercial Shoot

Spy photographers have captured Honda‘s new three-bike 500-series in the midst of filming for a commercial at the Piazza Garibaldi in Naples, Italy. The images, published on Il Centro, reveal Honda‘s new sportbike-styled CBR500, the naked CB500R which we first revealed in September, as well as an adventure-styled model bearing the name CB500X. The three new models are expected to share the same  engine, believed to be a 470cc parallel twin.