Illinois Bikers
Motorcyclist Rights are something of great interest to me. "Please protect me from my protectors".
Entry for February 27, 2008

Honda Ending Motorcycle Production in U.S.

February 27th, 2008 by Paul Crowe - "The Kneeslider"

Honda

There will be one less company producing motorcycles in the U.S. next year as Honda plans to stop manufacturing motorcycles at its Marysville, Ohio facility and transfer production to Japan. Honda will focus efforts on its North American auto operations.

Honda said there will be no layoffs when production ends in spring 2009. The workers will remain with the company, helping produce cars, trucks, engines and parts and filling other jobs at Honda’s other operations in west-central Ohio, the company said.

The motorcycle plant opened in 1979 as Honda’s first U.S. plant. Last year, it produced about 44,000 Gold Wing touring and VTX cruiser bikes.

Honda said motorcycle production at the Marysville plant and at the Hamamatsu factory in Japan will be consolidated at a new motorcycle plant in Kumamoto, Japan, in 2009. It is part of a global plan to produce certain larger motorcycles, Honda said.

Link: International Herald Tribune

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Lawyer Of Class Action Against Harley-Davidson Jailed, Fined And Barred.

Published by Cyril Huze February 27th, 2008 in Editorial.

Bill Lerach one the most feared corporate lawyers who started a class action against Harley-Davidson was sentenced to two years in prison, fined $250,000 and barred forever from practicing law. He operated a kick-back scheme that bribed shareholders to act as lead plaintiffs in class-action lawsuits he initiated against by corporations. In 2005, Bill Lerach sued Harley-Davidson accusing the company’s senior management of pushing US Harley Dealers with excessive inventory to inflate the company financial results and send the Harley share price up. Under his allegations the Harley-Davidson Directors were then selling share options for top dollars. Harley-Davidson denied and refused the trap of setting the lawsuit out of court. The SEC, the US stock market regulatory authority, investigated the allegations and decided that there wasn’t much substance in this Harley-Davidson lawsuit. As the opposite of what he expected, Bill Lerach ends up in jail and has also to pay $7.75m in damages.


2008-02-27 14:13:35 GMT
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