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Honda Reports Q1 2011-2012 Results

Honda reported a 88.3% year-on-year decrease in net profit over its first quarter ended June 30, 2011, thanks in large part to the March 11 earthquake and ensuing tsunamis in Japan. Honda reported a profit of 31.7 billion yen (US$411.1 million) over the quarter, a fraction of the 272.4 billion yen (US$3.53 billion) reported over the same quarter last year.  The decrease came mainly from a large dropoff in automobile sales. Net sales from the motorcycle division helped keep Honda in the black despite a drop in unit sales.

Repsol Extends Honda MotoGP Sponsorship to 2017

Spanish oil and gas company Repsol has renewed its long-standing partnership with Honda‘s MotoGP program, ensuring we’ll continue to Honda’s factory prototypes in their iconic orange through the 2017 season. Repsol has backed Honda’s team since February 1995, making them the longest-running factory team sponsorship pairing in Grand Prix motorcycle racing history. In their two decades together, Repsol and Honda have claimed 10 rider titles, 133 race wins and 354 podiums.

FIM to Revise WSBK Homologation Requirements

The International Motorcycling Federation is considering modifying its homologation requirements for the World Superbike Championship following Bimota‘s somewhat surprising plans to re-enter the series. Under current regulations, manufacturers must produce a minimum number of motorcycles for it to be eligible to compete in the production-based WSBK championship. The official regulations currently require a minimum of 125 units produced for an initial homologation inspection, 500 units produced by June 30 of the current year, 1,000 units by the end of the current year and 2,000 units by the end of the following year.