Consumers in America are said to be carrying a record level of credit card debt with defaults running at almost double the rate they were in the lead up to the 2007/08 Financial Crisis. Home mortgage and auto loan arrears and defaults are also running at levels in excess of 2007/08 on an inflation weighted basis (WSJ).
Italian premium brakes manufacturer Brembo reports H1 revenues of € 2,004.8m, up by +2.8% (+3.3% on a like-for-like exchange rate basis). EBITDA was € 351.4m (17.5%), EBIT was € 218.8m (10.9%).
BRP has won no less than six 2024 Red Dot design awards - for its Advex snowmobile helmet, Lynx Adventure electric snowmobile, Can-Am Outlander Pro and Can-Am Maverick R, and Sea-Doo Spark PWC. The Sea-Doo Spark has also been awarded an iF design award from over 10,000 submissions from around 70 countries.
After laying off some 70 workers in April, and parting company with its CFO in June, Montreal based electric snowmobile and PWC manufacturer Taiga Motors Corporation (TSX: TAIG) has filed for Bankruptcy Protection in the Superior Court of Québec. A formal sale and investment solicitation process was initiated prior to commencing the proceedings.
According to the Transport Ministry in Germany, bikers are doing fewer and fewer miles (km), with the average annual mileage of motorcyclists reaching an all-time low. Current statistics on "domestic mileage" say that the average motorcyclist covered 2,062 km last year (previous year: 2,087 km). Ten years ago, the average was 2,321 km.
Race legend Wayne Rainey is 'leading the charge' to restore domestic U.S. riders' access to the MotoGP premier class race grids of the world (mostly of Europe) by spearheading the establishment of a MotoAmerica Talent Cup to help the top homegrown riders succeed in the Red Bull Rookies Cup. "From once being where everybody wanted to come to learn and hone their track schools, it has now been nearly two decades since an American won the World Championship with the late, great Nicky Haydon in 2006."
