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Harley’s electric motorcycle division to go public via $1.7 billion SPAC deal
Harley-Davidson Inc’s electric-motorcycle division LiveWire will go public through a merger with a blank-check firm in a deal valuing it at $1.77 billion including debt, the company said on Monday.
The deal with AEA-Bridges Impact Corp will be funded by the blank-check company’s $400 million cash held in trust and another $100 million investment each from Harley and KYMCO.
Harley’s shares rose 11.3% in premarket trading, while those of AEA-Bridges were up 3.4%.
Jochen Zeitz, Harley’s current chief executive, will be the chairman of LiveWire for up to two years following the completion of the deal.
LiveWire
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Enjoy Two Meteor Showers
In One Week!
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One meteor shower is a treat, two meteor showers are a gift! Now is the time to look up at the night sky over New Jersey because we’ll be able to enjoy two overlapping meteor showers. That means double the chances to spot a glowing orb shooting through the sky. Be mesmerized by their beauty or just make a wish, they’re always fun to watch.
Meteors
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The Best Motorcycles from the 1970s?
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The 1970s was a starting point for a new league of bikes. In the 1970s buyers and riders would start seeing some of the seeds of motorcycles that we have come to know today.
Some motorcycle trends from the 1970s include vintage styling making a comeback as well as highly specialized motorcycles. The 1970s saw one of the largest spikes in riders to this date and even faced some of the declines that came in the later years when vehicles and other modes of transportation became popular. Here are some of the best motorcycles from the 1970s. Note - many of these machines are not anywhere near
stock, but pretty to look at...
70s Bikes
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China Swears it isn't Building
a Time Machine?
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Earlier this month, unsubstantiated documents began circulating online that seemed to suggest the Chinese Academy of Sciences' Institute of High Energy Physics is partnering with the private Ruitai Technology Development Technology on something called the "Space-time Tunnel Generation Experimental Device."
Pop Mech
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While on the Subject
of Time Travel...
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When Al Bielek began telling people he was a time traveler, no one believed him. It wasn’t until after he started listing off dates, times, and various events that were going to occur, and did occur, that people began to listen.
How did he travel back in time? His story of government experiments is one people have to read to believe.
It Started With The Philadelphia Experiment
Past Factory
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The Beatles
She Came in Through the Bathroom Window
Okay, everybody has seen Get Back by now.
NO? Well here is a little sneak peak at how these brilliant musicians worked
The Beatles
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Arriving Soon
Best of Backroads 2021
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It is time for our yearly look back at the places we visited, and things we have discovered over the last trip around the sun.
The magazine will be arriving in just a few weeks to dealers and subscriber's mailboxes!
Backroads
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Triumph Thruxton RS
Ton Up Edition
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A stunning new Thruxton RS edition, inspired by Triumph’s iconic racing heritage, from the original ‘ton-up’ cafe racers to the first production 100mph lap of the Isle of Man TT.
Triumph
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