Hero MotoCorp Ltd (HMCL) has purchased a minority stake in Erik Buell Racing. The Indian manufacturer will invest $25 million in the American company, earning a 49.2% share. Hero will have two directors and one observer on the EBR board of directors, but EBR founder Erik Buell will remain Chairman and CEO.
A press statement from Hero announcing the move states the $25 million investment will be … More
Yes, that seems like a whole lot of money for a motorcycle, but Honda will unveil a whole new production model by the end of 2013. It’s an over-the-counter MotoGP racer with a target price of €1 million (US$1.3 million), and a level of power that will make it competitive in the CRT class of MotoGP in 2014. Oh, and the bike is designed to save money.
Honda Racing Corporation is currently testing the RC213V 1000 cc V4 production bike and will release the bike late this year so teams can … Pictures and more