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As per a press release from Kawasaki Heavy Industries Ltd, the company has decided to spin-off its powersports and motorcycle divisions into a separate entity by October 2021.

Quoting from the press release -

The Power Sports Business which comprises a part of the Motorcycle & Engine Business, includes motorcycles and off-road four wheelers, and is Kawasaki's only mass-production consumer-facing business. Spinning off this business will speed up decision making, and by
offering products and services in sync with customers - including new lifestyle offerings - Power Sports will further enhance its role as the flagship Group business building the strong Kawasaki brand.

In the short term, we will continue working to improve our financial situation. However, when taking a broad view of the industry as a whole, it faces significant issues such as an aging customer base and compliance with environmental regulations. Kawasaki is strengthening intraindustry cooperation - such as through joint development of electric drive and advanced safety technologies as well as greater commonality of functional parts - in order to catalyze growth in the Power Sports Business and achieve market revitalization.

The Motorcycle & Engine Business is also instigating innovative projects to capture new business opportunities. Its initiatives include extending corporate resources to mass-production businesses in cooperation with the Precision Machinery & Robot Business, collaborating in the agricultural machinery and turf care markets in hydraulic systems and general-purpose engines, and promoting the development of near-future mobility such as by incorporating robotics and remote technologies.

As a result of the spin-off and integration, Kawasaki’s businesses will be operated in three groups - Land & Air Transportation Systems, Motion Control & Motor Vehicles, and Energy & Marine Engineering.