Latest news with #motorcycles
Reuters
15 hours ago
- Automotive
- Reuters
India's Royal Enfield motorcycle maker posts quarterly profit beat
July 31 (Reuters) - Indian automaker Eicher Motors ( opens new tab reported a bigger-than-expected quarterly profit on Thursday, helped by strong demand for its premium motorcycles and commercial vehicles. The company, which makes Royal Enfield motorcycles, clocked a profit of 12.05 billion rupees ($137.6 million) in the quarter ended June 30, compared with 11.01 billion rupees a year earlier. Analysts expected Eicher to deliver a profit of 11.17 billion rupees, per data compiled by LSEG. ($1 = 87.6040 Indian rupees)
CTV News
2 days ago
- Automotive
- CTV News
Harley-Davidson offloads loans worth US$5 billion; tariffs hit second-quarter profit
In this Monday, April 24, 2017, photo, Harley-Davidson Road King motorcycles are displayed at the Motorcycles of Manchester dealership in Manchester, N.H. (AP Photo/Charles Krupa) Harley-Davidson posted a lower-than-expected profit for the second quarter and did not provide an annual forecast on Wednesday, as U.S. President Donald Trump's tariffs continued to weigh on the motorcycle maker. However, shares of the company rose nearly 20 per cent after the company said that it would offload loans from its financial unit to KKR and PIMCO valued at over US$5 billion. Leisure vehicle demand has been on a decline in the U.S., with consumers rethinking non-essential purchases in an uncertain economy. Harley's sales have also taken a hit over the years as its bikes struggle to resonate with younger riders, who are looking for fuel efficient models instead with modern safety features. 'Given that the global tariff and business outlook especially for discretionary product purchases remains uncertain, we continue to withhold our full year HDMC (Harley Davidson Motorcycle Company) 2025 financial outlook,' Harley-Davidson said. Between February and now, close to 100 U.S. companies have either withdrawn or cut their guidance as uncertainty over tariffs throws financial planning out of gear, with most of them from the consumer and automotive and transportation sectors, according to Reuters calculations. Harley-Davidson's profit fell to US$108 million, or 88 cents per share, in the second quarter from US$218 million, or US$1.63 per share, a year earlier. Analysts on average had expected a profit of 96 cents per share, according to data compiled by LSEG. --- Reporting by Nathan Gomes in Bengaluru; Editing by Maju Samuel
Yahoo
2 days ago
- Automotive
- Yahoo
Octane and Honda Team Up to Expand Financing Opportunities to Non-Prime Customers
Honda Dealerships and Customers Will Benefit from New Financing Options and Award-Winning Digital Tools NEW YORK, July 30, 2025 /PRNewswire/ -- Octane® (Octane Lending, Inc.®), the fintech revolutionizing the buying experience for major recreational purchases, and American Honda (Honda) announced today that they have partnered to offer financing for non-prime customers in the United States. Effective July 30, non-prime customers can qualify for financing on Honda's full line of motorcycles, scooters, ATVs, and side-by-sides through Octane's in-house lender, Roadrunner Financial®, Inc., while Honda's dealer network can access expanded financing opportunities for their customers. This is the first time customers across the credit spectrum will have access to non-prime financing options through a Honda partner and builds on Honda's available financing options through its own in-house lender. At the same time, Honda's dealer network can take advantage of Octane's suite of digital tools and increased incremental sales opportunities for free. "Honda is an industry leader, and we're thrilled to partner with them to build on the great financing experience they provide to customers across the country," said Jon Vestal, Executive Vice President, General Manager of Recreational Lending at Octane. "Together, we're making it easier for dealerships to expand their businesses, while enabling more people to access their dream vehicle." "Honda has always been committed to making the powersports experience attainable for more enthusiasts," said Cory Findlay, Manager of Sales Support at American Honda. "We're pleased that our new partnership with Octane accomplishes that objective by opening a wider range of purchase options for non-prime powersports customers. As a result, we expect to see even more people enjoying Honda's extensive lineup of motorcycles, ATVs and side-by-sides." This announcement builds on Octane's momentum and expands its growing network of over 60 OEM partner brands. The company has sold or entered into forward flow commitments of over $2.8 billion to-date and surpassed $6 billion in aggregate originations. Octane grew originations in 2024 by 36% year over year. About Octane:Octane® is revolutionizing recreational purchases by delivering a seamless, end-to-end digital buying experience. The company connects people with their passions by combining cutting-edge technology and innovative risk strategies to make lifestyle purchases–like powersports vehicles, RVs, boats, personal watercraft, and outdoor power equipment–fast, easy, and accessible. Octane adds value throughout the customer journey: inspiring enthusiasts with the Octane Media™ editorial brands, including Cycle World® and UTV Driver®, instantly prequalifying consumers for financing online, routing customers to dealerships for an easy closing, and supporting customers throughout their loan with superior loan servicing. Founded in 2014, Octane supports over 60 OEM partner brands and over 4,000 dealer partners, and has a team of 600 in remote and hybrid roles. Visit Octane® and Roadrunner Financial® are registered service marks of Octane Lending, Inc. Cycle World® and UTV Driver® are registered trademarks of Octane Media, LLC. Octane Media Relations: Shannon O'HaraPress@ Octane Investor Relations:IR@ About Honda PowersportsHonda began motorcycle sales in America in 1959, and today offers a full range of Honda motorcycles, scooters, all-terrain vehicles (ATVs) and side-by-sides in the U.S. Innovative technology always has been a Honda trademark, showcasing pioneering engine and chassis design that has set the standard for excellence for more than 65 years. Honda also has announced plans for battery-electric powersports products. Honda Powersports products have been built in America for 45 years, and today, all Honda side-by-sides and ATVs are made in America at Honda manufacturing plants in Timmonsville, SC, and Swepsonville, NC, using domestic and globally sourced parts. Learn more at More information about Honda is available in the Digital FactBook. Honda Powersports Media Relations: Bradley Adamsbradley_adams@ View original content to download multimedia: SOURCE Octane Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Wall Street Journal
2 days ago
- Business
- Wall Street Journal
Harley-Davidson Revenue Declines as Motorcycle Demand Continues to Sputter
Harley-Davidson HOG -2.59%decrease; red down pointing triangle saw revenue continue to decline in its latest quarter as demand for its motorcycles remained under pressure from economic headwinds including global tariffs. The motorcycle maker on Wednesday said it would continue to hold off on providing guidance for the year. The company in May withdrew its sales and profit forecast for the year, blaming uncertainty over tariffs and the broader economy.
CBC
24-07-2025
- Automotive
- CBC
Speed, motorcycles key factors in rising traffic fatalities in Edmonton, police say
Edmonton could reach a new 10-year peak for fatal vehicle collisions this year, and police are raising concerns about the high number of incidents involving high speeds and motorcycles. Deaths involving motorcycles are especially high, and causing concern for police and enthusiasts alike. Last week, police responded to a collision near Highway 2 and Highway 19 in the far south of Edmonton where a motorcycle travelling at high speed hit a concrete barrier. A 40-year-old man was pronounced dead at the scene. The incident brings this year's number of fatal collisions to 20, matching the pace needed to reach a new 10-year peak for the city set in 2015, when there were 33 fatal collisions. This year is likely to pass last year's final count of 26. "This number is high, definitely compared to previous years," said Sgt. Kamlesh Patel, who works with the Edmonton Police Service's major collisions unit. "It definitely is concerning." Motorycle collisions Speed and motorcycles have been two prominent factors in fatal collisions this year. Fatalities involving motorcycles are now at six this year, just shy of the the 10-year peak of seven recorded last year. Patel said that motorcycles lack the safety features of four-wheel vehicles, and when combined with high speed the risks are much greater. It's something that Ashlee Taylor, who is president of an organization that helps injured bikers, knows well. "When you're in a motorcycle accident there is a high chance that you are catastrophic or it's life-altering," said Taylor. Her group, One Broken Biker, is an Alberta-based non-profit that provides support for motorcycle-riders and their families after accidents. Taylor said her organization is seeing a big hike in injured riders with its biggest year ever, supporting more than 220 riders where usually they support between 150 and 180. The organization is seeing lots of accidents where motorists's vehicles slip on gravel, and also collisions from distracted drivers in cars, Taylor said. "They're just not paying attention." She argues distracted driving should be better policed, but also that motorcycle licensing should be more difficult and riders should be regularly re-training to keep their skills sharp. Track a safer option Edmonton Motorcycle Roadracing Association president Jon Bullee said riders with a need for speed should keep it to the race track. He's had friends get injured riding on the street before, and he says he wishes they had spent that time at the track instead. He says it gives riders a chance to test and improve their skills in a safer environment than the street. "When I see people posting, 'Oh I got this big speeding ticket' I just tell them, 'that could have paid for an entire year of riding on the track. You wouldn't have that speeding ticket and you'd be having a lot more fun.'" Debate around photo radar continues In most of this year's traffic fatalities, police say excessive speeding has been a key factor. In last week's death Patel said it's likely the motorist was driving more than 50 km/h over the speed limit. For Patel, the numbers raise questions around how police can enforce traffic rules. Earlier this year, the province imposed restrictions on photo radar and cut out all photo radar on numbered highways. "Ever since photo radar has gone, in my personal experience I've seen speeds go up. Especially on highways with higher speeds," Patel added that every night shift he works he sees at least one vehicle driving an excess of 50 km/h over the limit. The number of traffic deaths is also raising alarms for Edmonton city Coun. Ashley Salvador who is calling on the province to roll back those photo radar changes. "Photo radar is an important tool for behaviour change," Salvador told CBC's Edmonton AM on Monday Transportation Minister Devin Dreeshen continues to defend the choice to cut what he calls cash cows. When asked about concern for speeding, Dreeshen said his main concern is with what he calls dangerous speeders, like street racers rather than daily commuters.
