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Jensen Beeler

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Well, we saw it coming. Electric scooter manufacturer Vectrix Motorcycles has finally filed for Chapter 11 bankruptcy. For those that didn’t learn the intricacies of Chapter 11 filings from the recent reorganization of General Motors, Vectrix as we know it will be transfered to a new corporation (New Corp.), while the bad assets and debt of the company remain in old company (Old Corp.). In this case, New Corp. will take the form of “New Vectrix LLC” and the move will leave the brand with minimal debt obligations (at the detriment of its current creditors).

While a pretty standard announcement for a Chapter 11 filing, Vectrix isn’t out of the woods yet. This filing will give Vectrix the second chance it needs, but it does nothing to address the fundamental problems that caused the company to go bankrupt in the first place (much like GM you say??!).

Hopefully with proper management, this move will give Vectrix the second chance it needs to be successful. The Chapter 11 filing is at least a good sign for the company and creditors as a Chapter 7 filing would have meant both parties would have been S.O.L. Such is the miracle of the United States Bankruptcy Court. Press release after the jump.

KTM North America has created a new division focused on the on-road market. The new division is clearly a step by KTM to continue its push into the road bike scene. Heading the new division is Brad Hagi, former Director of Distributor Sales Worldwide at Ducati in Italy. With this new announcement, comes the rumor of a new motorcycle in the works for 2010. More after the jump.

The Portuguese GP is only a handful of days away, and already the talk about the return of Casey Stoner to MotoGP racing is becoming a fervor. Absent for over a month now, Stoner’s return to the MotoGP is expected to be both anti-climatic in results, but monumental in quieting the circulating rumors.

Likely to disappoint any remaining fans, the young Australian is out of any points contention for the Championship, and isn’t expected to be on his A-game come this Sunday. Making matters worse are the clearly strained relations within the Ducati team and Stoner, as well as with title sponsor Marlboro cigarettes. Recently Maurizio Arrivabene, the most senior executive inside Philip Morris’ motorsports division stated he hopes “Stoner has the decency to apologize to the team in Portugal.”

With fall in the air, the narrow window of time to race on the salt flats of Bonneville is rapidly coming to a close. However, that didn’t stop Chris Carr and the BUB Racing team from getting an LSR at last week’s Land Speed Shootout promoted by Mike Cook. Carr and the BUB Racing crew took their Streamliner Seven motorcycle up to a staggering 367.382 mph (unofficial). Going at one point 380 mph, Carr’s run is still pending official approval by the FIM. Click past the jump for a video of their record pass, some photos, and more.

You’ll remember a month ago we brought you spy shots of what appeared to be the new MV Agusta Brutale testing around the Almeria Circuit in Spain. In that outing we spotted what appeared to be both the revised versions of 990R and 1090RR, and now we’re happy to report that the 2010 MV Agusta Brutale has officially broken cover.

You wouldn’t know it by looking at it, but the Brutale has had over 85% of it components redesigned and replaced. Clearly MV Agusta has kept the basic shape of the Brutale true to its original form, but if you look closer you can see where the details have changed. Video, pictures, technical specifications, and more after the jump.

It’s hard to take the AMA/DMG seriously sometimes, and today is one of those days. This time it is the latest musing from the bastard-child of road-racing that has use fired up: spec classes for the Harley-Davidson XR1200 and Kawasaki Ninja 250R. While not necessarily bad ideas at first thought, the proposed two new series seem like a step in the wrong direction for AMA road-racing.

Italian manufacturer Moto Morini has entered into voluntary liquidation in an effort to get its business back on track. Voluntary liquidation is an Italian concocted form of quasi-bankruptcy, although we’re sure Italian businesses would be quick to point out the differences; however, the affect is essentially the same though, and the act will shield Moto Morini from the debts it owes its suppliers.

Moto Morini has been denying earlier reports that it hasn’t paid its 65 employees, although it admits it hasn’t paid its suppliers since last June. Despite this, Moto Morini has stated categorically that its own intention is to go straight ahead with all the company activities, and all actions to date have been made with this goal in mind.

In my last year of business school I had to write a business plan in order to officially obtain a concentration in Corporate Innovation & Entrepreneurship. This was before the complete global economic meltdown, and entrepreneurship was still very much a dirty word in the hallowed walls of our MBA program. Many of my classmates were hoping for Wall Street jobs, and the class all-stars were all vying for jobs at the hottest hedge funds, so the idea of starting a company that would likely pay a negative paycheck in its first couple years was very much a foreign concept. It comes as no surprise then that only four or five business plans were submitted for consideration for the course concentration; one of which was mine, entitled Tradition is Not a Business Model – An American Sportbike Business Plan.

In this article, and its subsequent series of articles, I hope to re-examine what it means to start a motorcycle company in the United States. While my original business plan centered around the concept of a traditional motorcycle with an internal combustion engine, this series of articles will instead take the opportunity to look into corporate innovation in the motorcycle industry, through the lens of the newly formed electric motorcycle sector. In what I hope will become a weekly conversation on business in the motorcycle industry, we begin our discussion first with the perspectives of four entrepreneurs, which you’ll see in the coming Sunday Editions of Asphalt & Rubber.

Race 2 promised to have more close racing, as many riders in Race 1 proved they could race near the top (not to mention, many riders in WSBK have contracts up for renewal). With Imola being the home track for the Ducati loyal, a lot of fans we’re waiting to see the red bikes up front.

Many Xerox Ducati fans were also keen to see if Haga could retake the lead in the World Superbike Championship standings with a strong showing at Imola. They would not be disappointed, a full race report after the jump.

Racing went off without a hitch this Sunday, as the Imola circuit seemed devoid of earlier traction problems that almost sidelined the racing earlier this week. With Imola sitting literally in Ducati’s backyard, all eyes were on the Xerox Ducati squad, and Noriyuki Haga.

Haga, who trails Ben Spies for the first time this season coming into Imola, was especially keen on grabbing back some points from the American. Lastly, a new addition to the WSBK paddock took the form of Marco Simoncelli, who was filling in on the factory Aprilia team for the injured Shinya Nakano. A full race report with spoilers after the jump.