Motorcycle deaths, injuries cost $ 16 billion
News from NorthJersey.com:

WASHINGTON   — Direct costs from deaths and injuries due to motorcycle crashes were $ 16 billion in 2010, but the full cost is likely higher because long-term medical expenses are difficult to measure, a government report said.

Motorcyclists are involved in fatal crashes at higher rates than drivers of other types of vehicles, and are 30 times more likely to die in a traffic crash than passenger car occupants, according to the Government Accountability Office report.

In 2010, 82,000 motorcyclists were injured and 4,502 were killed in crashes, the report said. The average cost for a fatal crash was estimated at $ 1.2 million, while the cost for injuries ranged from $ 2,500 to $ 1.4 million depending upon the severity.

It’s difficult to determine the full costs with accuracy because some types of costs are difficult to measure, the report said. For example, treating serious injuries can be long and expensive, but follow-up analyses of costs are conducted only for a few years. Also, other consequences of long-term injuries such as changes in employment and living status can’t be fully measured, the report said.

Laws requiring all motorcyclists to wear helmets are the only strategy proven effective in reducing fatalities and injuries, the report said. Several studies have estimated helmets reduce the risk of death by as much as 39 per…………… continues on NorthJersey.com

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HPM sets up JV motorcycle plant in Chittagong
News from Financial Express Bangladesh:

Jasim Uddin Haroon

Pakistan’s largest two-wheeler maker has installed an assembly plant in Chittagong in a bid to tap potential of the local booming automobile sector.

The Karachi-based HPM Auto Industries, the top player in Pakistan by market size, will formally launch its six types of motorcycles in next February, its Chief Operating Officer (COO) Muhammad Saleem Vohra told the FE in Dhaka Wednesday.

The plant, which is one of the largest and state-of-the-art facility factories in Bangladesh, will initially produce 3,000 units of motorbikes per month under its popular brand ‘Power’.

“We’ll increase the capacity in proportion with the market response,” the HPM COO said.

He said it wants to grab market shares through price reduction. “We’ll produce motorbikes by using localised technology, resulting in lower production cost.”

“We’ve initially invested US$ 5.0 million, and it will reach $ 10 million within the next six months.”

HPM production director Kasham Younus Pirani told the FE, “Our target is to use local parts along with the imported ones from our plants in Pakistan and China,”

He said ‘Power’ brand is pursuing localisation of sub-assemblies further. By the end of 2013, ‘Power’ will have a commanding position in…………… continues on Financial Express Bangladesh

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