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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.

Max Biaggi Announces Retirement

Max Biaggi will retire as a champion, announcing his decision to step away from the sport after winning his second World Superbike Championship by just half a point. The man known as the Corsair and the Roman Emperor announced his retirement this morning at a press conference at the Vallelunga circuit near Rome, Italy. Biaggi ends his 21-year international racing career with six world championships, with four consecutive 250cc Grand Prix titles from 1994 to 1997 to go along with his 2010 and 2012 WSBK titles.

VP of American Honda Motorcycles Division, Ray Blank, to Retire in October 2012

From American Honda: Torrance, CA: American Honda announces that effective October 1, 2012, Senior Vice President of the Motorcycle Division Ray Blank will retire. Robert Gurga has been promoted to the position of Vice President, Motorcycle Division. “After nearly 30 years with the Motorcycle Division, I have made the decision to step down,” said Blank.