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Archive for May 4th, 2009

Nash Motorcycles’ New Internal Sticky Throttle

May 4th, 2009 2 comments

Our new Nash Sticky Throttle is the latest addition to our parts family! Fully machined out of mild steel and covered with a black oxide coating to prevent rusting. Both bearings inside the throttle are stainless steel.

Three features of our sticky throttle make it a cut above the rest. One being the fact that it’s made by Nash Motorcycle Company. Number two, being the fact that there is no other throttle on the market that you can actually have cruise control with. On your way to Sturgis just pull the throttle, sit back, and enjoy the ride. No more carpal tunnel in your wrist. This internal throttle can also be run without the cruise control option, by removing the nylon insert. Number Three, ease of installation. Our throttle can be installed by anyone that has a saw and a couple Allen wrenches.

Please read installation instructions for more details on how to install. Feel free to give us a call if you have any questions. Your pals at NMC.

Internal Sticky Throttle MSRP – $209
 

source 05/04/2009 • www.motorcyclenews-usa.com

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Harley-Davidson has attained approximated $1 billion in funding

May 4th, 2009 6 comments
Harley Davidson Motorcycles
Harley-Davidson has attained approximated $1 billion in funding agreements to support its Financial Services retail division and wholesale lending efforts. 

Harley-Davidson, Inc. (NYSE: HOG) and its Harley-Davidson Financial Services (HDFS) subsidiary have finalized agreements that, in combination with other previously completed transactions, provide the approximately $1 billion in funding capacity that the Company anticipates is needed for HDFS lending in 2009.

HDFS increased the size of an existing $500 million asset-backed commercial paper conduit facility to up to $1.2 billion, based on the level of outstanding receivables. The facility expires April 29, 2010. Additionally, Harley-Davidson and HDFS have replaced a 364-day, $950 million bank credit facility expiring July 31, 2009 with a new 364-day, $625 million credit facility expiring April 29, 2010. Together, the two agreements provide additional available credit of up to approximately $375 million over the term of the agreements, for the lending activities of HDFS.

Early this year, the Company identified obtaining funding for HDFS lending activities as one of its strategic priorities in the current economy, and estimated HDFS’ 2009 funding needs at about $1 billion. In February, the Company completed an offering of $600 million in senior unsecured notes. First-and second-quarter 2009 dividend reductions combined are preserving about another $100 million in cash.

Company Background

Harley-Davidson, Inc. is the parent company for the group of companies doing business as Harley-Davidson Motor Company (HDMC), Buell Motorcycle Company (Buell), MV Agusta and Harley-Davidson Financial Services (HDFS). Harley-Davidson Motor Company produces heavyweight custom, touring and cruiser motorcycles. Buell produces American sport performance motorcycles. MV Agusta produces premium, high-performance sport motorcycles sold under the MV Agusta® brand and lightweight sport motorcycles sold under the Cagiva® brand. HDFS provides wholesale and retail financing and insurance programs primarily to Harley-Davidson and Buell dealers and customers.

source 04/05/2009 • www.motorcyclenews-usa.com

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New Study Shows Quality Jobs, Solid Wages, and Strong Overall Economic Impact in 2008

May 4th, 2009 3 comments

WASHINGTON, April 8 /PRNewswire-USNewswire/ — A new economic impact study shows America’s beer industry, made up of brewers, beer importers, beer distributors, brewer suppliers and retailers, directly and indirectly contributes more than $198 billion annually to the U.S. economy. The study, commissioned by the Beer Institute and the National Beer Wholesalers Association (NBWA), also shows that the industry provides nearly 1.9 million jobs — generating nearly $62 billion in wages and benefits. The industry also paid $41 billion in business, personal and consumption taxes in 2008.
“America’s brewing industry continues to play a pivotal role in supporting this nation’s economic viability,” said Tom Long, president and chief commercial officer of MillerCoors and chairman of the Beer Institute. “Brewers in all 50 states have been a driving force in their communities for years by creating jobs and tax revenue for public services and promoting alcohol awareness responsibility initiatives for retailers, schools, and families.”

“Beer distributors are proud providers of 95,000 quality jobs with solid wages and great benefits in every state and congressional district across the country,” said Phil Terry, chief executive officer of Monarch Beverage Company in Indianapolis, Indiana and chairman of NBWA. “As privately-owned firms, beer distributors are invested in their communities and work hard to ensure the effective state-based system of alcohol regulation, which works to keep communities and consumers safe.”

According to the study, the beer industry directly employs more than one million people, paying $28 billion in wages. Beer sales help support roughly 888,000 retail jobs, including those at supermarkets, convenience stores, restaurants, bars, stadiums, and other outlets and generate more than $25 billion in economic activity in agriculture and manufacturing sectors.

“These numbers demonstrate that our industry is essential to several sectors of the U.S. economy, particularly as the nation struggles to regain its footing in this uncertain climate,” said Jeff Becker, president of the Beer Institute. “For this reason, it is important that state and federal officials consider equitable tax policies that do not unduly harm an industry that provides so many domestic jobs and so much economic growth.”

“In addition to providing quality jobs with solid wages, the three-tier beer distribution system provides transparency and accountability and works to keep American consumers safe,” added NBWA President Craig Purser. “This time-tested, effective system of state controls, in which America’s beer distributors play a critical role, works to ensure alcoholic beverages are sold only to licensed retailers who in turn are responsible for selling only to adults of legal drinking age.”

In addition to strengthening the U.S. economy, the industry plays a significant role in promoting responsible consumption of its products. Brewers, importers, and independent beer distributors, licensed at both the state and federal levels, develop and implement programs that promote responsibility and help fight alcohol abuse. These efforts, along with those of parents, law enforcement, federal and state alcohol beverage regulators, educators, and other community groups, have worked to contribute to declines in illegal underage drinking and drunk driving over the past two decades, according to independent and government data.

The Economic Impact study was conducted by John Dunham & Associates based in New York City and covers data compiled in 2008. The complete study, including state-by-state and congressional district breakdowns of economic contributions, is available at Beer Serves America, www.BeerServesAmerica.org.

The Beer Institute, established in 1986, is the national trade association for the brewing industry, representing both large and small brewers, as well as importers and industry suppliers. The Institute is committed to the development of sound public policy and to the values of civic duty and personal responsibility: www.beerinstitute.org.

The National Beer Wholesalers Association (NBWA) represents the interests of 2,800 licensed, independent beer distributor operations in every state, congressional district and media market across the country. Beer distributors are committed to ensuring alcohol is provided safely and responsibly to consumers of legal drinking age through the three-tier, state-based system of alcohol regulation and distribution. To learn more about America’s Beer Distributors, visit http://www.nbwa.org.

SOURCE National Beer Wholesalers Association; The Beer Institute

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