
| Sturgis Rally Week: Hot Leathers Everywhere | 30 Jul 2010 - 16:59 | |
| Silverstone Superbike: Friday Report | 30 Jul 2010 - 16:50 |
| 2011 Husqvarna WR250, WR300 | Preview | 29 Jul 2010 - 17:42 | |
| 2011 Ducati Monster 796 | Review | 29 Jul 2010 - 04:33 |
![]() | Ronnie Renner Moto X Step Up: Pole Vaulter | 30 Jul 2010 - 01:40 |
![]() | Speed TV visits Yamaha Riding School | 30 Jul 2010 - 01:11 |
| 2011 Husqvarna WR250 | Wallpaper | 29 Jul 2010 - 23:03 | |
| Honda Gorilla Z50 | Wallpaper | 28 Jul 2010 - 23:08 |
All Guides
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
DC
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Japanese motorcycle maker Yamaha Motor announced Friday plans to close seven factories globally with the loss of 1,000 jobs, in an effort to bounce back from a 2.4-billion-dollar annual loss.
Yamaha, the world's second biggest motorcycle manufacturer after Honda, said it would cut 200 jobs overseas, on top of the 800 in Japan announced last week.
The streamlining is also in addition to a 10-percent reduction in the company's global workforce of 17,000 already underway, a Yamaha spokesman said.
The group will shut five of its 12 domestic factories by 2012, all in Shizuoka prefecture, central Japan, now producing parts for motorcycles, marine products and buggies.
Overseas, Yamaha will close a motorcycling factory in Italy and a marine products plant in the US state of Florida.
"The company is expanding the scope of three structural reforms -- reorganising the manufacturing layout, the workforce and reducing costs -- beyond the level envisioned in the previous announcement," Yamaha said.
Yamaha said it suffered a net loss of 216.1 billion yen (2.4 billion dollars) for the year to December, against a year-earlier profit of 1.8 billion yen.
Revenue dropped 28.1 percent to 1.15 trillion yen in 2009 as the economic slump dented sales of motorcycles and marine products both at home and overseas, Yamaha said.
For 2010, the company expects to break even on a net basis with solid demand in Asia projected to lift revenue by 8.4 percent to 1.25 trillion yen.
But "demand in Europe and the United States is not expected to recover for some time," it said. "Thus, sales conditions surrounding the Yamaha Motor Group are expected to remain harsh," it said.