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Lorenzo Signs Two-Year Extension with Yamaha

Two-time MotoGP Champion Jorge Lorenzo has signed a contract extension with Yamaha to see him race on the company’s factory team through the 2016 season. The signing comes as no real surprise, following similar two-year contract extensions for teammate Valentino Rossi and Repsol Honda’s Marc Marquez and Dani Pedrosa. Ducati also confirmed it would field Andrea Dovizioso and Andrea Iannone next season, so unless Lorenzo wanted to spend a season or two developing Suzuki‘s or Aprilia‘s new prototypes, Lorenzo’s only option for a factory ride was to re-sign with Yamaha.

Schwantz Headlines 2012 Isle of Man TT Parade Lap

Former 500cc World Champion Kevin Schwantz headlines a star-studded group of racers taking part in a parade lap during the 2012 Isle of Man TT. Schwantz leads the group of six racers, past and present, selected by helmet-maker Arai to take part in the parade lap of the Isle of Man’s Mountain Course. Schwantz has visited the Isle of Man before, but this will mark his first closed lap of the circuit.

Yamaha to Open Plant in Pakistan

Yamaha is reportedly planning to open a new manufacturing facility in Pakistan. According to the Associated Press of Pakistan, Yamaha would invest $150 million in the new 50 acre facility, to be located in Karachi, Pakistan’s main seaport and financial hub. The plant would produce motorcycles for the Pakistani market, as well as models to be exported to other Commonwealth of Independent States nations.