1- Zero Motorcycles. To boost its international growth and support the development of its electrical vehicle technology, Zero Motorcycles has secured a $26 million financing deal. The deal with Invus LP, the company’s principal investor group, closed March 3, just days before the company’s co-founder Neal Saiki retired from his daily operations as chief technology officer of the company. Terms of the deal include a $17 million investment and the potential for an additional $9 million over the coming months as the company continues to grow
2- Triumph North America. Triumph has big ambitions in the USA, kicked off 2011 with seven new models and some excitement around the iconic brand. Greg Heichelbech was recently named CEO of Triumph North America. Heichelbech was formerly Director of Dealer Development and Retail Environment Group for Harley-Davidson Motor Company as well as Director of Strategic Sales and Marketing, and Director of Platform Marketing for Buell American Motorcycles. He first joined Harley-Davidson in 1990 and held various executive positions including Director of Field Operations.
3- Las Vegas BikeFest. Limpnickie Lot, a collaboration of custom bike builders and American parts manufacturers, will be participating in the 2011 Las Vegas BikeFest®, September 29 –October 2, 2011 in Las Vegas, NV. The Lot will feature a half-pipe skateboard run, entertainment and music, alongside builders who will sign autographs and show their interpretation of self expression and freedoms, which are inseparable from motorcycle riding. Las Vegas BikeFest will be held September 29– October 2, 2011 at the Cashman Center, 850 Las Vegas Blvd. North, Las Vegas, NV 89101, as well as returning its headquarters to the Golden Nugget on the world-famous and wildly popular Fremont Street Experience.
4- California Scooter Co. has launched an affiliate program for owners of its small motorcycles. The program will pay $100 to participating California Scooter owners for each referral resulting in the sale of a new California Scooter. The company will pay the referral fee whether the purchase is a direct sale or through one of its authorized dealers, providing conditions specified in a letter being sent to all CSC motorcycle owners are satisfied. Steve Seidner, CSC president and CEO said. “We frequently see sales of several bikes to the friends and acquaintances of those who buy our motorcycles. We want to recognize our customers’ efforts in a meaningful way, and tap into this vast reservoir of good people who want to help. It’s a classic win-win for everyone.”
5- V-Twin Manufacturing – Tedd Cycle Distribution is closing its Newburgh warehousewhich will put some 26 people out of work. The company will begin laying off workers in June, and will close in November, according to a notice filed with the state Department of Labor. The company, which supplies parts for Harley-Davidson motorcycles, has another warehouse in Kansas City, Mo.