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2012 Honda Ace CB125 and Ace CB125-D – $627 Motorcycles for African Market

Honda announced two low-priced small-displacement motorcycles to be produced and sold in Nigeria. The Honda Ace CB125 and Ace CB125-D were developed to be affordable, durable, easy to use and offer good fuel economy. Honda will introduce the CB125 and CB125-D at about 100,000 Nigerian naira (US$627), a price point that Honda expects to be affordable for many Nigerians, with the manufacturer targeting annual sales of 100,000 units.

Teenage Mutant Ninja Groms

We’re big fans of the Honda Grom, not just because of the grin-inducing experience it offers but also for its potential for customization. Just look at the RC-X Mini Vintage Racer for an example of the Grom’s ability to transform. MORE: Top 10 Modified Honda Groms It’s no surprise then that Honda would present some more special Groms for the upcoming Tokyo Auto Salon, an annual showcase for automotive performance and customization similar to the SEMA show here in the U.S.

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.