Yamaha Invests $2 Million in Silicon Valley Startup Veniam

Yamaha Invests $2 Million in Silicon Valley Startup Veniam

Yamaha announced a $ 2 million investment in an American company developing connected vehicle technology. The financial injection was part of a total $ 22 million in Series B funding raised by Silicon Valley’s Veniam Inc. from investors including Verizon and Cisco. Co-founded by Zipcar’s original chief executive officer Robin Chase, Veniam develops wireless mesh networking technology to allow communication between vehicles and infrastructure (or, as the company calls it, “the Internet of Moving Things”….

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First 2017 Acura NSX Sells For $1.2 Million At Charity Auction

First 2017 Acura NSX Sells For $1.2 Million At Charity Auction

It’s been a heck of a long wait for Acura’s second-generation NSX supercar but we’re now just a few weeks out from the order books opening up. If you were hoping to get your hands on the very first customer example, though, you’re out of luck as the rights to the car have just been sold. Yes, the rights to the 2017 NSX with… High Gear Media Network Feed

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Kawasaki Posts Details On Its $2 Million Road Racing Contingency

For 2016, Kawasaki is posting a total of $ 2 million in road racing contingency. The program will support 14 racing associations across the United States, covering 177 events including 48 WERA races and all 41 races in the Championship Cup Series. The majority of Kawasaki’s contingency rewards – $ 1.1 million – will be posted in the MotoAmerica series. For details on events and postings please visit: www.kawasaki.com/racing/team-green/contingency. Kawasaki will be supporting those who race a…

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Kawasaki Announces 2 Million Dollars In 2016 Road Racing Contingency

Kawasaki Announces 2 Million Dollars In 2016 Road Racing Contingency

Kawasaki is leading the way in road racing contingency in 2016, offering $ 2 million in payouts, covering various series and four different models: ZX-10R, ZX-6R, Ninja 650 and Ninja 300. See the full press release below for details.  Kawasaki Motors Corp., U.S.A. has announced today a $ 2 million road racing contingency program for the 2016 racing season. The industry-leading contingency program covers Kawasaki’s most popular racing models, championed by the all-new Kawasaki Ninja ZX-10R motorcycle….

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VW To Recall 8.5 Million Diesel Cars In Europe; Lamborghini Offices Raided By Police

VW To Recall 8.5 Million Diesel Cars In Europe; Lamborghini Offices Raided By Police

In compliance with regulators in Europe, namely Germany’s Federal Motor Transport Authority, the Volkswagen Group will recall approximately 8.5 million vehicles across 28 European nations due to the ‘defeat device’ software used on the vehicles to fool emissions testing equipment. Details of recalls in other nations will be… High Gear Media Network Feed

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1993 Bugatti EB110 GT Auction Estimate Is Under $1 Million

1993 Bugatti EB110 GT Auction Estimate Is Under $1 Million

Collectible supercar prices have spiraled into the stratosphere in the last few years. That’s no secret. And that’s why we find RM Sotheby’s auction estimate for this 1993 Bugatti EB110 curious. Of course, with a range of $ 575,000 to $ 775,000, we’re not talking chump change. But it still seems shockingly reasonable for such an influential… High Gear Media Network Feed

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Confederate Ups Production With $1 Million Private Placement Offering

Confederate Ups Production With $1 Million Private Placement Offering

Press Release: Confederate Motors, Inc., announced today that it has initiated a $ 1,000,000 USD private placement offering solely to accredited investors (the “Offering”) under Rule 506(c) of Regulation D promulgated by the SEC under the Securities Act. The Company intends to use the proceeds from the Offering to increase production to at least two motorcycles per week. As part of the Offering, the Company will issue up to 5,000,000 shares of the Company’s Common…

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$30 Million Aston Martin DBR1 Smashed Up During Vintage Race

$30 Million Aston Martin DBR1 Smashed Up During Vintage Race

An Aston Martin DBR1 similar to the one pictured above has received a punch to the nose and tail courtesy of an Austin Healey and a Jaguar. The legendary bit of motorsports history was racing in a Supercars of the 1950s vintage race at Castle Combe in the United Kingdom when it wound up with seriously bent metal. This is the DBR1 that finished… High Gear Media Network Feed

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Triumph Fined $2.9 Million for Recall Delays

Triumph Fined $2.9 Million for Recall Delays

The National Highway Traffic Safety Administration has imposed a $ 2.9 million fine on Triumph for failing to report a safety recall in a timely manner and for failing to report its progress on correcting the problem. Triumph has admitted to its violations. The fine includes a $ 1.4 million penalty and $ 500,000 to meet a series of requirements to improve its safety processes. The remaining $ 1 million will be levied if Triumph…

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