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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.

Honda Reports Q1 2013-2014 Results

Honda reported sales of 4.05 million motorcycles over its first quarter ended June 30, 2013, a 3.7% increase from the 3.91 million motorcycles sold in the same period last year. The increase in motorcycle sales resulted in 396.8 billion yen (US$4.04 billion) in sales revenue, a 14.4% increase on 346.6 billion yen in revenue reported in the same quarter the previous fiscal year. Overall, Honda‘s reported a combined revenue of 2.83 trillion yen from all its operations, a 398.1 billion yen improvement from last year.

MotoGP to Hold Official Test in Argentina; South American Nation Returning to Calendar for 2014

Dorna Sports announced there will be a MotoGP test at Argentina’s Circuito Internacional Termas de Rio Hondo in July to allow teams to prepare for the track’s expected addition to the 2014 MotoGP calendar. Argentina was actually supposed to join the MotoGP tour this season, but the round was scrapped because of a dispute between the country and Spain after the Argentine government seized control of a Repsol subsidiary. Repsol is, of course, a prominent sponsor of several teams including Honda‘s factory team.