Category: Motorcycle Business

Food retail turnover increased by almost 10% compared to 2019 and was 97% above the level of 2011, reaching the level estimated in last year’s analysis dedicated to this market, of nearly 130 billion lei in 2020.

For 2021, KeysFin analysts estimate to exceed the threshold of 142 billion lei, due to the increase in demand but also to increased inflationary pressures.

The food retail sector had a total workforce of up to 225,000 employees in 2020, most of whom worked for PROFI ROM FOOD SRL (a company wholly owned by MEP RETAIL LUXCO SARL in Luxembourg), respectively nearly 18,000 people ( after an annual advance of 10% in 2020).

The number of companies recorded a 1% increase compared to 2019, but the trend of market consolidation is evident, with the number of companies declaring their financial results 19% lower than in 2011, reaching 53, 6 thousand companies in 2020.

LIDL SURPASSES KAUFLAND IN THE YEAR OF THE PANDEMIC

LIDL DISCOUNT SRL, a company directly controlled by WE INTERNATIONAL GMBH, has become the market leader in food distribution after the largest annual growth, both nominal and percentage, of the top 10 (of 3.1 billion lei, respectively by 32%), to 12.9 billion lei in 2020.

The former leader, KAUFLAND ROMANIA SCS fell to second position after an annual increase of 960 million lei, respectively 8%, with a turnover of 12.8 billion lei in 2020. The company, controlled directly by KAUFLAND INTERNATIONAL ERSTE GMBH, remained the most profitable player, with a net profit of 970 million lei, respectively 19.7% of the total.

In third position, in terms of turnover, is CARREFOUR ROMANIA SRL with 9 billion lei, respectively 7% of the total, followed by PROFI ROM FOOD SRL (with 6.8% of the total) and MEGA IMAGE SRL which has maintained its market share of 5.6% of the total in 2020.

The top 10 food retail companies achieved a cumulative turnover of 73 billion lei, generating more than 56% of the total turnover in 2020.

2021, FOCUS ALSO ON ENVIRONMENTAL IMPACT REDUCTION MEASURES

With the increase in turnover, profitability also increased, so that in 2020, the net profit of local companies recorded an increase of 14% compared to the previous year and was 334% higher than that of 2011, reaching 4.9 billion lei.

The top 10 players recorded a cumulative net profit of 2.5 billion lei, almost 52% of the total in 2020. The net result (net profit minus net loss) improved significantly, from a loss of more than 1 billion lei in 2011 to net profit. positive result of 4.1 billion lei recorded in 2020.

“Since the start of the pandemic in 2020, food retailers have launched major investment projects: from inventory management, vast information, prevention and accountability campaigns to efforts to sanitize spaces, l expansion of store networks, the opening of warehouses dedicated to online sales and investments in home delivery. We are now seeing more attention paid to measures to reduce environmental impact: from optimizing energy consumption and more careful waste management procedures, to reducing or even eliminating use of plastic,” said Diana Florescu, economic analyst at KeysFin, one of the largest suppliers. of business information solutions in Romania.

HIGHER DEMAND AND HIGHER PRICES

Retail trade turnover volume excluding trade in motor vehicles and motorcycles (adjusted series) increased by 10% in 2021 compared to 2020 (for the food, beverage and tobacco retail segment, there was an increase more than twice as low, by 4.2% in 2021 compared to 2020).

Wholesale trade increased in 2021 by 20% compared to the previous year, while that of food, beverages and tobacco increased by 11.3%, according to data from the National Institute of Statistics. .

THE ROMANIAN EASTER CONSUMER BASKET: MORE EXPENSIVE AND… SMALLER

According to the latest INS data, the consumer price index of food products, which represent 33% of the Romanians’ consumption basket, increased in March 2022 by 11.2% compared to the same month in 2021. The largest annual price increases of over 20% in the food category in March 2022 were for potatoes (36.5%), oil (32.3%), flour corn (24.4%) and flour, 21.5% above the March 2021 level.

Despite the price increases, Romanians are preparing for Easter and although they are buying smaller quantities of food and are much more attentive to sales offers, given that increases in income have not kept pace with large increases in price, they manage to take advantage of the holiday period and keep their Easter traditions.

Some of the motorcycles purchased

The motorcycle trading business known as “Okada”, which started as a part-time engagement, is now seen as a worthy business by the operators. With a motorcyclist delivering between N2,000 and N4,000 per day, the Okada business generates at least a tangible sum of money per day. ADEOLA TUKURU reports.

Reports indicate that the motorcycle business activity contributes to the economy of those engaged in the sector and, by extension, to the Gross Domestic Product (GDP) of the country.

The use of motorcycles for commercial purposes had been on in some parts of the country as a popular means of commercial transportation across the country was in response to hard times.

This means that economic growth cannot sustain the booming population growth rate. Furthermore, Nigeria produces around 1.5 million graduates of tertiary institutions every year without any plans to engage them profitably after school.

Many of them, after trying to find a job for a number of years, are frustrated and ready to accept any job, including on Okada, just to keep the body and mind together.

For Rasheed Oyekanmi, a college graduate had high expectations after graduating from college, but after years of searching for a job, his hope for a better life was dashed, he became disillusioned but rather than engaging in crime, he resorted to Okada as a source of income.

According to him, after five years of looking for a job, “I decided to accept Okada’s job. It is with her that I feed myself, wife and son. So if a better job comes along, it’s welcome and if not, I’m happy with it.

easy money

Many people; young and old, educated and illiterate are easily attracted to the Okada business because of the ease with which money is earned.

According to the Chairman of ACOMORAN, River Park Branch, Abuja, Muhammad Bello, many people join the association because Okada constituency is a business that earns operators money quickly to meet their immediate needs.

He said a runner from Okada earns between 13,000 and 15,000 naira every week which has greatly helped in paying school fees for his children, sponsoring their siblings and getting into farming .

Another branch president of the Federal Capital Territory, Maniru Lawal, who has sworn never to leave work for another company, with determination, an Okada runner can earn around 100,000 naira in a month.

According to him, “I spent about 16 years in this Abuja and Okada was my source of income. It is a business from which I can get up to 100,000 naira in a month. If I borrow money from someone, I can assure him that within a month I will pay it back.

The advent of okada

The advent of the okada in the national transport system began in the early eighties, their operation has grown enormously to reach a force that could be relied on.

The names generally reflected what motorcycle transport stands for. In the Cross River/Akwa-Ibom axis, it was nicknamed “akauke” sense “are you going .” In Ibo land, he was nicknamed “Ina-aga,” sense, “Are you going.”

These names clearly illustrate that once the traveler was ready, the motorcycles were also ready to transport passengers to their destinations in no time. In Yoruba land it was called “tatakpukpu», an onomatopoeia representing the sound of the motorcycle.

For the natives of Edo State, Okada Air was the fastest way to travel from Benin to Lagos, just as a motorbike was the fastest way to travel between two points.

It is for this simple reason that the Edos dubbed the mode of transport motorcycle okada. Of all the nicknames mentioned above, only okada seems to have survived and become generally accepted in Nigeria as the official nickname for commercial motorcycle operation.

Easy movement

One of the characteristics of life in urban centers is the endemic traffic jam in which residents lose productive work hours and business appointments daily.

To facilitate quick travel and through ravines and potholes on city roads, many locals ride Okada without worrying about the drain it causes in their purses.

Environmental factors

Environmental factors have also contributed to the growing interest of Nigerians in Okada’s business. The reduced size of Lake Chad and the prolonged dry season have made herding and farming in the northern part of Nigeria less lucrative than before. Therefore, many young people from the North migrate to the South to become Okada riders.

Easy acquisition

Acquiring a motorcycle for commercial purposes is a bit easy for those who are determined and ready to take risks. Usually, there are dealers who are willing to lease the bikes out to riders who pay weekly or monthly installments.

The checks revealed that most of those who get the motorbikes on hire-purchase usually pay it back within 18 months.

Many politicians who embark on anti-poverty programs often give motorcycles to the beneficiaries of their gesture. Such gestures have helped many people to become Okada pilots.

Disadvantages

However, despite being a way for unemployed young Nigerians to earn a living, Okada constituency is not without its downsides.

High accident rate

According to Micah and Owagbemi, commercial motorcycles have a higher rate of disabling and fatal accidents per unit of distance than cars and buses. They add: “A 1998 study at Obafemi Awolowo Teaching Hospital, Ile-Ife, Nigeria showed that limb injuries occurred in 79.3% of patients presenting to the emergency department of the hospital. ‘hospital. These patients were linked to commercial motorcycle accidents.

Reduction of the stock of craftsmen

With many artisans abandoning their craft to seek easy money in Okada Ward, a critical sector of the economy is at risk. A number of companies are struggling to employ artisans who are essential to their production. Not only does this hinder business progress, but it also affects the growth of the economy.

Checks further revealed that craftsmen such as tilers and masons are brought into the country from neighboring countries. The implication of this is that while Nigerians complain about unemployment, those who are available are given to foreign nationals.

Insecure

Insecurity has worsened with the increase in the use of motorcycles for commercial purposes. When the insurgency broke out in the north, motorcycles were used by the insurgents to carry out their attacks. A number of state governments have banned the use of Okada in city centers due to the threat they pose to life safety. In many areas of the country, Okada riders are not allowed as they are seen as a means by which vices are perpetrated.

What you need to know before getting into the motorcycle business

1. You must check the strength and quality of the motorcycle you want to buy because it is not all the motorcycle you can use for the business, the quality of the motorcycle determines to a large extent how much you will earn in the home.

2. What is the fuel consumption rate: the fuel consumption rate of the motorcycle should also be considered,

3. State Policy: Maybe check to see if the state you live in allows motorcycle trading. You will agree with me that not all states in Nigeria allow motorcycle trading, for example Lagos State.

4. Verification of integrity: you must ensure that the person you give it to to help you drive must be a trustworthy person, that is, if you do not want to be, you don’t want to ride it yourself that’s very important because most people who collect people’s motorcycle at the end of the day use it however they see fit so as someone who gets into this business, you have to be very careful in this regard.

Related

Some of the motorcycles purchased

The motorcycle trading business known as “Okada”, which started as a part-time engagement, is now seen as a worthy business by the operators. With a motorcyclist delivering between N2,000 and N4,000 per day, the Okada business generates at least a tangible sum of money per day. ADEOLA TUKURU reports.

Reports indicate that the motorcycle business activity contributes to the economy of those engaged in the sector and, by extension, to the Gross Domestic Product (GDP) of the country.

The use of motorcycles for commercial purposes had been on in some parts of the country as a popular means of commercial transportation across the country was in response to hard times.

This means that economic growth cannot sustain the booming population growth rate. Furthermore, Nigeria produces around 1.5 million graduates of tertiary institutions every year without any plans to engage them profitably after school.

Many of them, after trying to find a job for a number of years, are frustrated and ready to accept any job, including on Okada, just to keep the body and mind together.

For Rasheed Oyekanmi, a college graduate had high expectations after graduating from college, but after years of searching for a job, his hope for a better life was dashed, he became disillusioned but rather than engaging in crime, he resorted to Okada to get away with it. a source of income.

According to him, after five years of looking for a job, “I decided to accept Okada’s job. It is with her that I feed myself, wife and son. So if a better job comes along, it’s welcome and if not, I’m happy with it.

easy money

Many people; young and old, educated and illiterate are easily attracted to the Okada business because of the ease with which money is earned.

According to the Chairman of ACOMORAN, River Park Branch, Abuja, Muhammad Bello, many people join the association because Okada constituency is a business that earns operators money quickly to meet their immediate needs.

He said a runner from Okada earns between 13,000 and 15,000 naira every week which has helped a great deal in easily paying school fees for their children, sponsoring their siblings and getting started. in agriculture.

Another branch chairman of the Federal Capital Territory, Maniru Lawal, who has sworn never to leave work for another company, with determination an Okada pilot can earn around 100,000 naira in a month.

According to him, “I spent about 16 years in this Abuja and Okada was my source of income. It is a business from which I can get up to 100,000 naira in a month. If I borrow money from someone, I can assure him that within a month I will pay it back.

The advent of okada

The advent of the okada in the national transport system began in the early eighties, their operation has grown enormously to reach a force that could be relied on.

The names generally reflected what motorcycle transport stands for. In the Cross River/Akwa-Ibom axis, it was nicknamed “akauke” meaning “are you going .” In Ibo land, he was nicknamed “Ina-aga,” meaning, “Are you going.”

These names clearly illustrate that once the traveler was ready, the motorcycles were also ready to transport passengers to their destinations in no time. In Yoruba land it was called “tatakpukpu», an onomatopoeia representing the sound of the motorcycle.

For the natives of Edo State, Okada Air was the fastest way to travel from Benin to Lagos, just as a motorbike was the fastest way to travel between two points.

It is for this simple reason that the Edos dubbed the mode of transport motorcycle okada. Of all the nicknames mentioned above, only okada seems to have survived and is generally accepted in Nigeria as the official nickname for commercial motorcycle operation.

Easy movement

One of the characteristics of life in urban centers is the endemic traffic jam in which residents lose productive work hours and business appointments daily.

To facilitate quick travel and through ravines and potholes on city roads, many locals ride Okada without worrying about the drain it causes in their purses.

Environmental factors

Environmental factors have also contributed to the growing interest of Nigerians in Okada’s business. The reduced size of Lake Chad and the prolonged dry season have made herding and farming in the northern part of Nigeria less lucrative than before. Therefore, many young people from the North migrate to the South to become Okada riders.

Easy acquisition

Acquiring a motorcycle for commercial purposes is a bit easy for those who are determined and ready to take risks. Usually, there are dealers who are willing to lease the bikes out to riders who pay weekly or monthly installments.

The checks revealed that most of those who get the motorbikes on hire-purchase usually pay it back within 18 months.

Many politicians who embark on anti-poverty programs often give motorcycles to the beneficiaries of their gesture. Such gestures have helped many people to become Okada pilots.

Disadvantages

However, despite being a way for unemployed young Nigerians to earn a living, Okada constituency is not without its downsides.

High accident rate

According to Micah and Owagbemi, commercial motorcycles have a higher rate of disabling and fatal accidents per unit of distance than cars and buses. They add: “A 1998 study at Obafemi Awolowo Teaching Hospital, Ile-Ife, Nigeria showed that limb injuries occurred in 79.3% of patients presenting to the emergency department of the hospital. ‘hospital. These patients were linked to commercial motorcycle accidents.

Reduction of the stock of craftsmen

With many artisans abandoning their craft to seek easy money in Okada Ward, a critical sector of the economy is at risk. A number of companies are struggling to employ artisans who are essential to their production. Not only does this hinder business progress, but it also affects the growth of the economy.

Checks further revealed that craftsmen such as tilers and masons are brought into the country from neighboring countries. The implication of this is that while Nigerians complain about unemployment, those who are available are given to foreign nationals.

Insecure

Insecurity has worsened with the increase in the use of motorcycles for commercial purposes. When the insurgency broke out in the north, motorcycles were used by the insurgents to carry out their attacks. A number of state governments have banned the use of Okada in city centers due to the threat they pose to life safety. In many areas of the country, Okada riders are not allowed as they are seen as a means by which vices are perpetrated.

What you need to know before getting into the motorcycle business

1. You must check the strength and quality of the motorcycle you want to buy because it is not all the motorcycle you can use for the business, the quality of the motorcycle determines to a large extent how much you will earn in the home.

2. What is the fuel consumption rate: the fuel consumption rate of the motorcycle should also be considered,

3. State Policy: Maybe check to see if the state you live in allows motorcycle trading. You will agree with me that not all states in Nigeria allow motorcycle trading, for example Lagos State.

4. Verification of integrity: you must ensure that the person you give it to to help you drive must be a trustworthy person, that is, if you do not want to be, you don’t want to ride it yourself that’s very important because most people who collect people’s motorcycle at the end of the day use it however they see fit so as someone who gets into this business, you have to be very careful in this regard.

Created: April 14, 2022 07:42

A ‘prolific offender’ has been jailed for three months after admitting breaking into motorbikes to steal helmets.

The trial court heard Maxwell Smith, 50, was sent to drug treatment court in September 2020, after pleading guilty to two counts of theft and two counts of property damage the previous year.

But Smith returned to court for sentencing yesterday after being removed from the treatment program when he was charged with another offence, which has yet to come to court.

The court heard that Smith broke into a motorcycle parked at City Hall and stole a motorcycle helmet.

He targeted another motorcycle the following day which was parked outside Coconut Rock on Reid Street, Hamilton, and stole two helmets.

The incidents occurred on November 24 and 25, 2019.

Smith told court in 2020 he stole the helmets because he needed money for food and told the court he had a drug problem.

But yesterday Lisa Trott, for the Crown, said: ‘The defendants appear to believe this is a victimless crime – the Crown disagrees.’

Ms Trott said Smith had committed theft offenses dating back to 1986 and asked her to pay $801 in restitution to the victims.

She also requested that he serve three months in prison for each charge of theft and one month for each charge of property damage, and that the prison terms for theft be consecutive while the others are served concurrently.

But Marc Daniels, for the defence, said consecutive sentences had been ruled unnecessary by the Court of Appeal unless the offenses had been going on for months.

He requested that his client be given a suspended prison sentence to give him time to pay restitution fines.

Mr Daniels said his client had also stayed out of trouble for most of his adult life – but warned that imprisonment could have a negative effect on his rehabilitation.

He said, “What happens if we send him to prison?

“Are we just sending the message that, despite her best efforts, we’re just continuing the cycle?”

Smith thanked the court for its help with the drug treatment program.

He apologized to the court for his actions, but added ‘it was a long time ago and I’m not that person anymore’.

Magistrate Maxanne Anderson sentenced Smith to three months’ imprisonment for each theft offense and one month’s imprisonment for each property damage offence. She ordered them all to run at the same time.

• He is The Royal Gazette policy of not allowing comments on stories regarding court cases. As we are legally responsible for any libelous or defamatory comments made on our website, this decision is for our protection as well as that of our readers.

London, MRA Reports titled ‘Global Motorcycle infotainment system Industry 2022, presents critical information and statistical data on the Motorcycle Infotainment System market with respect to the world. The market report provides an overall logical investigation of the Motorcycle Infotainment System Market, considering growth drivers, limitations, and forecasts. The prevailing trends and opportunities are also discussed in this report.

Market Research analyzes that the Motorcycle Infotainment System will show a CAGR of 53.3% during the forecast period 2021-2028 and is expected to reach the market value of USD 5773.6 billion by 2028.

Key players profiled in the report include

The major players covered in the Motorcycle Infotainment System report are Garmin, Clarion

Request Sample Report + All Related Charts & Graphs @https://www.maccuracyreports.com/report-sample/530167

North America dominates the infotainment system for motorcycles and will continue to develop its trend of dominance over the forecast period due to the presence of large IoT companies and rapid adoption of new technologies by the masses . Asia-Pacific, however, will register the highest CAGR for this period due to the growing adoption of IoT-enabled devices in emerging economies.

Motorcycle Infotainment System Market

Two-wheeled motorcycles, Trikes.

Application as below

OEM, aftermarket

Extrapolations Covered in the Global IoT Monetization Market Report:

**Study on Changing Market Competitive Dynamics

**Latest opportunities and challenges, threats, historical and future trends

**Analysis of the geographical distribution and the competitive landscape for a better

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– Main strategic developments: Strategic market developments, including R&D, new product launches, mergers and acquisitions, agreements, collaborations, partnerships, joint ventures, and regional growth of key competitors.

– Main characteristics of the market: Including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR and gross margin.

– Analytical tools: The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key market segmentation

Based on application, motorcycle infotainment system is segmented into Retail, Industrial, Automotive & Transportation, Agriculture, Energy, Building & Home Automation, Consumer Electronics, Healthcare, and Others.

Based on components, the motorcycle infotainment system is segmented into solutions and services.

On the basis of organization size, motorcycle infotainment system is segmented into large, small, and medium-sized enterprises.

Based on business function, the motorcycle infotainment system is segmented into marketing and sales, IT, finance, supply chain, and operations.

On the basis of deployment type, motorcycle infotainment system is segmented into on-premises and cloud.

Browse the full report with facts and figures about the Motorcycle Infotainment System report at @ https://www.maccuracyreports.com/reportdetails/reportview/530167

This comprehensive report provides:

Improve strategic decision making 2. Research, presentation and business plan support Show emerging market opportunities to focus on improving industry knowledge It provides the latest information on important market developments. Build an informed growth strategy. Build technical insight Description of trends to exploit Strengthen competitor analysis By providing risk analysis, you can avoid the pitfalls that other businesses may create. 11. Ultimately, you can maximize the profitability of your business.

Target Audience of Global IoT Monetization Market in Market Research:

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Frequently Asked Questions

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**What is the current market size?

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Dallas, Texas, March 31, 2022 McapMediaWire

Alternet Systems, Inc. (OTC Pink: ALYI) is building an EV ecosystem that includes organic and partner solutions for all aspects of the growing EV transportation system.

ALYI has established the core of its EV ecosystem in East Africa where it has already started rolling out a full electric motorcycle business. ALYI is rolling out electric motorcycles in the robust motorcycle taxi market. ALYI is actively delivering a $2 million order of electric motorcycles in Kenya fulfilled in the fourth quarter of 2021 and is expected to be included in the company’s upcoming 2021 annual report (the company will file an extension today and publish the 2021 annual report during the extension period).

ALYI is now engaged in replicating its African electric motorcycle model in Latin America, starting with Brazil.

In Brazil, ride-sharing applications such as Uber have already deployed motorcycle ride-sharing solutions.

To see Uber expands ride-sharing services with motorcycles in Brazil.

ALYI is currently working to establish a relationship with a local distributor who will in turn offer ALYI electric motorcycles to transport drivers on a hire-purchase basis in the same way that ALYI is now working with a local distributor in Kenya.

Added Brazil Cryptocurrency Strategy

ALYI has developed a cryptocurrency funding strategy for its EV ecosystem. Participation in ALYI’s EV ecosystem is facilitated through the sale of Revolt Tokens (RVLT) – learn more about RVLT at https://rvlttoken.com/.

In lease-purchase agreements in Brazil, ALYI plans to add a cryptocurrency payment mechanism. Following the implementation of the cryptocurrency solution in Brazil, ALYI will retroactively implement the proven solution in Kenya.

To learn more about ALYI, visit www.alternetsystemsinc.com.

Disclaimer/Safe Harbor: This press release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the company’s current views regarding future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, failure to meet deadlines or performance requirements of the company’s contracts, the company’s liquidity position, the ability of the company to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive prices. In light of these uncertainties, the forward-looking events discussed in this press release may not occur.

Contact:Alternet Systems, Inc.Randell Torno

[email protected]

+1-800-713-0297

MCAP Media Feed | House

Dallas, TX, March 31, 2022 (GLOBE NEWSWIRE) — Alternet Systems, Inc. (OTC Pink: ALYI) is building an EV ecosystem that includes organic and partner solutions for all aspects of the growing EV transportation system.

ALYI established the core of its EV ecosystem by East Africa where it has already begun rolling out a full electric motorcycle business. ALYI is rolling out electric motorcycles in the robust motorcycle taxi market. ALYI actively delivers a $2 million electric motorcycle control Kenya executed in the fourth quarter of 2021 and is expected to be included in the Company’s upcoming 2021 Annual Report (the Company will file an extension today and publish the 2021 Annual Report during the extension period).

ALYI is now engaged in the replication of its African electric motorcycle model in Latin Americafrom Brazil.

In BrazilRide-sharing apps such as Uber have already rolled out motorcycle ride-sharing solutions.

See – Uber is expanding ride-sharing services with motorcycles in Brazil.

ALYI is currently working to establish a relationship with a local distributor who will in turn offer ALYI’s electric motorcycles to transport drivers on a hire-purchase basis in the same way that ALYI is now working with a local distributor in Kenya.

Added cryptocurrency strategy in Brazil

ALYI has developed a cryptocurrency funding strategy for its EV ecosystem. Participation in ALYI’s EV ecosystem is facilitated through the Revolt Token Sale (RVLT) – learn more about RVLT at https://rvlttoken.com/.

In lease-purchase contracts Brazil, ALYI plans to add a cryptocurrency payment mechanism. Following the implementation of the crypto-currency solution in BrazilALYI will retroactively implement the proven solution in Kenya.

To learn more about ALYI, visit www.alternetsystemsinc.com.

Disclaimer/Safe Harbor: This press release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. Statements reflect the Company’s current beliefs regarding future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, failure to meet deadlines or performance requirements of the companies’ contracts, the companies’ liquidity condition, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive prices. In light of these uncertainties, the forward-looking events discussed in this press release may not occur.

Contact:
Alternet Systems, Inc.Randell Torno[email protected]
+1-800-713-0297

Source: Alternet Systems, Inc.

2022 GlobeNewswire, Inc., source Press Releases

South Wales motorcycle dealership Thunder Road Motorcycles was acquired after nearly 70 years of family ownership.

Thunder Road, which has bases at three sites in Bridgend (head office), Cwmbran and Gloucester and is a main dealer for Honda, Suzuki, Indian and Montesa motorcycles, has been bought by Loughborough-based Completely Motoring Group.

Thunder Road was owned by David Smith and David Mobberley, having been originally founded by David Smith’s father.

Cardiff-based Lexington Corporate Finance acted for Thunder Road on its acquisition, the value of which has been disclosed.

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Mr Mobberley said: “The sale of Thunder Road Motorcycles was always going to be an emotional time for us. Our company has been selling and servicing motorcycles in and around South Wales and South West England for 68 years and was a family business, selling around 2,500 motorcycles a year.

“With a strong, loyal customer base and a dedicated and passionate team of employees across our three stores, the decision to sell was a difficult one. Fortunately, we had the Lexington team, led by Thomas and Pablo, to guide us through the complexities of the process until the finalization of the sale to the Completely Motoring group.

The acquisition brings Completely’s offer to 1,500 new and used motorcycles across 10 dealerships, which span the English and Welsh border, including sites in Worcester, Gloucester and Hinckley. It sells brands such as Triumph, Ducati, Kawasaki, MV Agusta and Yamaha.

Completely Group Motorcycle Sales Manager James Ayland said: “I am honored to welcome the Thunder Road team to the group. We have completely evolved with his family values ​​into an organization that sells cars and motorcycles throughout the UK. »

Manager Thomas Edwards and senior manager Pablo Shorey acted on the deal for Lexington.

Mr Edwards said: “It was a pleasure to act on the sale of the business to Completely. Thunder Road is highly rated by Honda, Suzuki and other brands sold and offers comprehensive both geographic and brand expansion, making it a strong player in the motorcycle industry.”

Legal advice to owners was provided by Capital Law.

Mike O’Donnell is a professional director, writer and animator, and a regular opinion contributor.

OPINION: Last weekend the Wellington Car Club held their annual Mt Victoria Hill Climb race in Wellington. Fifty-five cars showed up for the event and 44 finished, including your humble scribe and his daughter in their aging Honda EK9.

Mount Victoria Hill Climb is steeped in history. The club itself is 75 years old and the event has been around since 1959. Town center motorsport events were once common throughout New Zealand, today they are rare.

The other three – the Mt Victoria Hill Climb, the Cemetery Circuit in Wanganui and the Port Nelson Street Race – rely on friendly local councils and very well organized clubs.

The two fastest cars this year were two massively powered Mazda RX7s, but hot on their heels were two Semog cross cars.

READ MORE:* The value of gas-powered cars in an electric world* ‘Blessings and thank you’: The hard workers who brought Wellington back to normality* A historic era of digital warfare during the invasion of Ukraine

Cross cars (or cross karts as they are also called) are a cross between a go-kart and a circuit sprint car, and feature a 750cc motorcycle engine in a super lightweight single-seater frame. They only produce 150 horsepower, but that’s a lot when the cars themselves only weigh around 300 kilograms.

Basically, it gives a power-to-weight ratio akin to dropping a Ferrari V12 in your grandma’s Honda Jazz.

Kevin Stent / Stuff

“Add less weight. In other words, look to reduce your overhead and control your costs,” says Mike O’Donnell.

So they are very fast. The two who blasted Mount Victoria last Sunday left the ground repeatedly as gravity struggled to keep the mechanical roadrunners on the road.

Fifty years ago, Lotus founder Sir Colin Chapman said the secret to making cars fast and nimble was to “add less weight”. Chapman noted that adding power makes you faster on the straights, but slower everywhere else. But subtracting weight makes you faster everywhere – straights, turns and twists.

It’s a timely metaphor because after three years of pandemic-assisted financial ‘right-wing’, Aotearoa is about to have its share of twists and turns.

After seemingly unlimited cheap money – both borrowed money and money given as Covid-19 grants – it’s going to get much more expensive.

After controlling the official exchange rate at 0.25% for three years, there have been three increases in the past six months. And more on the way.

Meanwhile, New Zealand’s number one get-rich-quick scheme (owning a home and seeing the value soar) is now set to drop 10% next year.

Inflation is hovering at 6% (the highest in 30 years) and the ANZ predicts it will reach a staggering 7.4% by the middle of the year. This means that the real value of consumers’ net wages takes a real hit.

As another supermarket shopper pointed out to me last week, it looks like everything in the store went up $2 in a week.

And don’t even mention gasoline, which is expected to hit $4 a liter by the end of the year.

Going back to the fundamentals, this means businesses will feel the effect of consumers having less money to spend in real terms and feeling much less wealthy in their minds with falling house prices.

Leon molded/supplied

A Semog cross car in action during the Mt Victoria Hill Climb race in Wellington.

We will all pay a lot more to service their mortgages. Five-year mortgage rates are already well over 5%. This is going to be a bit of a shock to people who bought a new home for less than 3%.

The other thing businesses will feel is how much they will have to pay just to operate. During Covid, businesses were able to access the Business Finance Guarantee Scheme which lent working capital at rates of around 2.5%, with the government stepping in to cover 80% of the costs if lenders defaulted.

In contrast, last week two companies I work with were notified by their banks that new commercial lending rates had moved north of 10%.

Global bond markets are also starting to price in a recession in the United States due to overly aggressive credit tightening by the US Federal Reserve as it attempts to control inflation.

Put it all together and New Zealand business faces an uncertain few years, with many twists and turns. As ANZ economics ace Sharon Zollner said, the party is over.

In this environment, Chapman’s advice rings true. Add less weight. In other words, seek to reduce your overhead and control your costs.

That’s because in an uncertain world, you simply can’t control your income. You can plan, market, hope and pray. But ultimately, it’s out of your hands.

On the other hand, you can control costs, so that’s where companies need to focus. Reduce fixed costs and eliminate unnecessary variable costs. As part of that, keep an old-fashioned eye on cash flow.

It’s great to have a good business on the right track, but if you can’t pay your monthly bills, you’ll never achieve that success.

My favorite car on the hill climb was a 55-year-old Hillman Imp, driven like an absolute demon by James Sillay. The car was so light that after finishing the race, Sillay simply hoisted it onto the back of a truck and drove home.

In cars as in business, lightness and longevity are directly linked. In the difficult times to come, this will only increase, I think.