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Yamaha Reports Q2 2011 Results

A drop in net sales, an appreciating yen and the fallout from the March 11 earthquake and tsunamis in Japan contributed to a 4.6% drop in profit for Yamaha Motor Co. over the second quarter of 2011. Over the quarter ended June 30, 2011, Yamaha saw a 5.9% drop in net sales compared to the same period in 2010.Yamaha reports sales of 344.5 billion yen (US$4.48 billion) over the second quarter, compared to the 366.3 billion yen (US$4.77 billion) reported in the same quarter in 2010.

India Raises Import Duty on Motorcycles to 75%

The government of India has laid out its budget for 2013-2014, increasing the import duty for large motorcycles. The news will impact several major manufacturers hoping to gain a stake in the world’s second largest motorcycle market. India has become the hotspot for manufacturers but one of the biggest obstacles they face is the duty India levies on luxury goods.

Monster Yamaha Tech3 Garage Catches Fire at Circuit of the Americas

The Tech3 MotoGP team put the Circuit of the Americas‘ emergency systems to the test after a small fire broke out in the team’s garage. Tech3 says the fire should not affect its participation in this weekend’s Grand Prix of the Americas race. The fire, which ignited some time overnight, was quickly doused by COTA‘s sprinkler system.