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Honda Reports Q1 2011-2012 Results

Honda reported a 88.3% year-on-year decrease in net profit over its first quarter ended June 30, 2011, thanks in large part to the March 11 earthquake and ensuing tsunamis in Japan. Honda reported a profit of 31.7 billion yen (US$411.1 million) over the quarter, a fraction of the 272.4 billion yen (US$3.53 billion) reported over the same quarter last year.  The decrease came mainly from a large dropoff in automobile sales. Net sales from the motorcycle division helped keep Honda in the black despite a drop in unit sales.

Schwantz Headlines 2012 Isle of Man TT Parade Lap

Former 500cc World Champion Kevin Schwantz headlines a star-studded group of racers taking part in a parade lap during the 2012 Isle of Man TT. Schwantz leads the group of six racers, past and present, selected by helmet-maker Arai to take part in the parade lap of the Isle of Man’s Mountain Course. Schwantz has visited the Isle of Man before, but this will mark his first closed lap of the circuit.

WSBK 2012: Assen Results

The Netherlands hosted a dramatic weekend of World Superbike racing that featured a red-flagged wet race, several riders crashing while leading, a first-time race winner, a photo finish between two teammates and the reigning World Champion finishing out of the points because of a poor choice of tires. The 2011 WSBK Champion Carlos Checa arrived at Assen with the lead in the championship and a three-race winning streak, but opting to run wet tires in Race Two cost him the lead and may have contributed to a crash that severely injured Liberty Racing‘s Brett McCormick. Race One Get the Flash Player to see this player.