LC Media, the publishers of Cycle Canada magazine, secured the majority of a creditors’ vote yesterday and so have survived the first round of their fight against bankruptcy. There is still need to have the agreement approved by a judge, but that decision is expected to be a formality.
Trustees acting on behalf of LC Media – publisher and owner of several automotive titles, including Cycle Canada and Moto Journal – have issued a notice of proposal to creditors in an attempt to pay off a 4 1/2 million dollar debt and avoid bankruptcy. Creditors will vote today at 2:30 pm EST on whether … Continue reading Cycle Canada publisher goes to bankruptcy vote
For instance, dress nice. Dorisday.net They used to put people in jail for owing money, and once this whole terrorism thing is licked, those jailers down in Cuba will need new clients – so be careful when you borrow money. That said, a new-bike loan is the best kind of loan, and if you do … Continue reading Avoid debtors' prison
Pull up your chaps Just by being a member of the CMG Riders Club, you can get a 15 per cent discount on accessories and clothing from Quebec-based TXTMoto. Their new accessory store in Ile Perrot, QC, is stocked with all kinds of goods designed for cruiser riders – but you can order via the … Continue reading 15% TXT Moto discount for RCers
The time traveler deluxe. Now, they do build them like they used to! Old School Motorcycles is a new Vancouver area shop that builds motorcycles in the style of old Harley-Davidsons and Indian Chiefs, but with modern upgrades like electronic ignition and five- or six-speed gearboxes. Owner Simone Sorriento says he did about 10 years … Continue reading Oh, you knucklehead!
"Would you like to accompany me to the police station?" Credit: news.motorbiker.org Two policemen who dragged an accused thief behind a motorcycle in India have been cleared of any wrongdoing. Apparently, they were trying to save the man from an angry mob, who had tied him up and then attacked him for allegedly stealing a … Continue reading Bad cop, bad cop
"Buh .. Ohh .. Nuh … Oh". You know the man, and you know the bike. Now you can buy one of them … signed by the other. Bono’s signed Ducati 916 (previously owned by Michael Hutchence of INXS and U2 bassist Adam Clayton) will be auctioned off for the benefit of Riders for Health, … Continue reading Bono?s 916 up for grabs
Nine people and one organization were inducted into the Canadian Motorcycle Hall of Fame on Oct. 27 in a packed ceremony at the Toronto Airport Hilton hotel. GP racer Michelle Duff. credit: David Gruggen The event was sponsored by the Canadian International Motorcycle Heritage Museum Foundation, founded by Bar and Hedy Hodgson. Inductees are nominated … Continue reading Duhamel, Duff among CMHF inductees
Honda experienced a worldwide decline in motorcycle sales for the first half this year, compared to the first six months of 2006. The company sold 4,586,000 motorcycles, down 11.7% from the year before. Much of the drop occurred in Asia, while increased sales were found in Latin America. At the same time, the company’s total … Continue reading Motorcycles bad, money good
Just dual sport bikes for dirt and road then? The Ontario Transport Ministry will no longer permit off-road motorcycles to be modified for on-road use. A memo to licence issuing offices, dated Oct. 5, 2007, states that while “current registration policy permits registrants to modify off-road vehicles for on-road use,” the policy is only to … Continue reading Ontario to ban dirt bikes on road