Monday, 23 August 2021

News Briefs



Following a six-month pilot programme, Triumph North America has introduced two-year, unlimited mileage Roadside Assistance on all model year 2021 and newer motorcycles. Part of Triumph's Total Care commitment to delivering an "overall excellent ownership experience", this added coverage is a free benefit for every new-model bike buyer and complements the two-year unlimited mileage warranty which comes standard on all new motorcycles.

Yamaha's recent 'Environmental Plan 2050' is the first acknowledgment by a major PTW manufacturer that 'synth gas' can and will have a role to play in the market's future. Given that ICE units have at least an average life expectancy of 15 years, and will remain available for sale right up to whatever deadline each individual country chooses, there will be a need for zero tailpipe greenhouse gas emissions gasoline for at least 30 more years if 2035 is taken as a median adoption benchmark - longer if the powerful German Auto Industry lobby group (VDI) is able to maintain its grip on policy making.

Deltran, the owner of the popular Battery Tender battery charger brand, has prevailed in a 7-day federal jury trial on claims brought against competitor Noco Co., (Ohio) for trademark infringement. The jury issued two verdicts awarding Deltran actual damages, as well as significant punitive damages. Noco ran deceptive ad campaigns on Amazon between 2015 and 2018 that used the Battery Tender trademarks to confuse consumers.

BRP has reported North American powersports retail sales up by 39% for its quarter to April 2021. Revenues increased by $578.8m (+47.1%) to $1,808.6m compared to the year-ago period. Revenues from year-round products increased by $282.2m (+44.1%) to $922.5m; seasonal products increased by $140.8m (+43.6%) to $463.4m for the three-month period ended April 30, 2021. Revenues from Powersports PA&A and OEM Engines increased by $143.3m (+91.0%) to $300.8m. North American retail sales for powersport vehicles were +39% - mainly driven by PWC, 3WV and ATV. Gross profit increased by $306.9m (+130.5%) to $542.0m.


Sources: AMD, IDN, FT, Reuters, PSB, MPN, BDN, MCN, AP, Bloomberg, MSNW, Electrek, electricmotorcycles.news, RideApart.com, Motor1.com, Cycle World, motorbikewriter.com