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Erik Buell Racing Secures $20 Million in Foreign Investments

Erik Buell Racing has received a $20 million injection from investors. The increased funding is expected to expand the company’s product line and create about 200 jobs. The investment comes through the somewhat fittingly-named “EB-5” program, a product of the Immigrant Act of 1990 designed to encourage investment in American companies by potential immigrants.

Hero MotoCorp Forms Joint Venture with Magneti Marelli

Indian manufacturer Hero MotoCorp is teaming up with electronic fuel injection expert Magneti Marelli in a new joint venture. Hero will hold a 60% share in the company with Magenti Marelli controlling the other 40%. The two companies are initially investing a combined US$8.5 million into the joint venture, with a planned  investment of US$27 million total over the next ten years.

Erik Buell Racing Streetbike Peers Out of the Darkness with LED Headlight

Erik Buell Racing released another teaser image of its upcoming new production streetbike, revealing a new headlight design with twin LEDs. The teaser image (see the full image below) is thick with shadows so we can’t see very much else beyond the front tire, part of an upside-down fork and a glint of a brake lever. The headlight however is the clear focal point of the photograph.