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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 Q2 2012-2013 Results

Honda reported a 1.8% increase in motorcycle sales in the quarter ended Sept. 30, 2012, including a 13.2% increase in North America. According to the company’s second quarter report for its 2012-2013 fiscal year, Honda sold 3.879 million motorcycles over those three months, up slightly from 3.811 million units from the same period last year.

Recall for 2008-2010 Honda ST1300

Honda is recalling certain 2009-2010 ST1300 sport touring motorcycles due to a risk of a brake fluid leakage. According to documents released by the National Highway Traffic Safety Administration, the pre-formed hose supplying fluid from the rear brake reservoir to the rear brake master cylinder is routed in a way that puts it at risk of damage. When the Honda ST1300 is heavily loaded and ridden over rough surfaces, the rear suspension may bottom out, causing the hose to contact the swingarm.