Cuban Citizens Free Of Buying Motorcycles And Cars. In 1959, after an armed revolution against Fulgencio Batista’s government, Fidel Castro came to power in Cuba promising democracy and freedom. But since that year a law forbade citizens to buy cars and motorcycles as they wanted. Buyers had to get first a government issued permit, then buy only what was already available in the island, mostly vehicles from the pre-Cuban revolution. This more than half a century old law has been abolished and now Cubans will be able to buy some imported vehicles. Regarding motorcycles, due to the low buying power of its population, probably only very cheap imported moped, scooters, low cc motorcycles.
Electric Motorcycle Tax Credit Ends Today Tuesday December 31, 2013. The tax credit for buying an electric motorcycle expired once, but was reinstated by Congress last January until today. The tax credit expiring today is 10% of the price of an electric motorcycle, up to $2,500.
Harley-Davidson, Inc. (NYSE: HOG) will release its fourth-quarter and full-year 2013 financial results before market hours on Thursday, January 30, 2013. The public is invited to attend an audio webcast with Keith Wandell, Chairman, President and Chief Executive Officer and John Olin, Senior Vice President and Chief Financial Officer, Harley-Davidson, Inc. from 8:00 AM to 9:00 AM (Central Time). A downloadable slide presentation will also be available as support to the webcast. Webcast participants should log on and register at least ten minutes prior to the start time at Harley-Davidson Investors.
Sparks Flying At Mission Motorcycles. The maker of high-end electric motorcycles that Time magazine calls one of the top inventions of 2013 fired co-founder Vincent Ip for what the companycalls unprofessional behavior including physical threats. Mission Motorcycles is suing Ip over stock shares, claiming that a stock purchase agreement gives it the right to buy back most of Ip’s 300,000 shares. Vincent Ip intends to counter sue claiming that the agreement is invalid because he signed it under duress.
Polaris Filed Suit Against Arctic Cat For Patent Infringement. In a lawsuit filed on December 20, 2014 Polaris Industries Inc. alleges that Arctic Cat’s Wildcat SxS vehicles infringe on a Polaris patent filed in 2006 and granted by the U.S. Patent and Trademark Office. Polaris is requesting a jury trial, seeking damages for willful infringement, plus court and attorneys’ costs.