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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.

Jorge Lorenzo Breaks Collarbone in High-Speed Crash

The 2013 MotoGP Championship has taken a dramatic turn after defending champion Jorge Lorenzo broke his collarbone in a high-speed crash during practice for this weekend’s TT Assen in the Netherlands. The Yamaha factory rider was the overall leader after a dry morning practice session. The afternoon was rainy however, creating slippery conditions.

Honda MotoGP Production Racer Undergoes Testing at Motegi

Development of Honda‘s new production racer is well underway, as the new (relatively) low-cost MotoGP racebike underwent testing at Japan’s Twin Ring Motegi circuit May 23-24. Conceived as a lower-cost option for race teams, the production racer project is running slightly behind schedule but Honda still expects it will available in time for the 2014 MotoGP season. Early reports estimate the price for the production racer to be around US$1.26 million, a substantial price, but still considerably less expensive than rumored $3.9 million it currently costs to lease a Honda RC213V for one season.