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35-566: The company markets its products through Elektra stores , its own agencies, self-service channels, Elektra Motos stores, official distributors and its online platform. Italika offers a diverse range of product lines and models, and in 2016, launched Italika Racing , a platform dedicated to promoting new talent in motorcycling sports. Italika began operations in 2004 under the initiative of businessman Ricardo Salinas Pliego . In 2008, it established an assembly plant in Toluca, State of Mexico, with

70-629: A company that provides short-term non- bank loans in the United States. Also put into operation Punto Casa de Bolsa. The Group operates more than six thousand points of contact in Mexico, United States , Guatemala, Honduras, Peru and Panama. Salinas has participated and addressed The World Economic Forum , The Economist Roundtable on Mexico, the Young Presidents' Organization , UCLA , the Institute of

105-651: A corporate conglomerate with interests in telecommunications, media, financial services, and retail. An outspoken supporter of minarchism and neoliberalism , he is the third richest person in Mexico and the 172nd richest person in the world with an estimated net worth of US$ 13.6 billion in February 2021. Ricardo Salinas Pliego is a CPA graduate of the Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM). After earning an MBA at Tulane University , he joined Elektra in 1981 as import manager. He learned

140-408: A decade. The strategy was to build new markets by creating new buying power among classes of people largely ignored by most other major Mexican businesses. Thus was born Banco Azteca, which currently has operations in Mexico, Panama , Guatemala and Honduras . Subsequently, Grupo Elektra obtained two financial licenses from the federal government to create Seguros Azteca and Afore Azteca. Salinas

175-632: A maximum installed capacity of 1.2 million. On average, one motorcycle is assembled every sixty seconds on each line. Italika offers a wide range of products divided into categories such as Motorcycles , Work, Z-Line, Sport, Dual Purpose, ATVs, Chopper , Vort-X, Crossover, Cafe Racer and Electric models. Additionally, Italika sells accessories and spare parts and operates a riding evaluation center in Mexico City, where customers can obtain their riding certificates. The company also provides after-sales support through its service centers, with all models carrying

210-828: A production capacity of 760,000 motorcycles annually. The company sold its millionth motorcycle on March 23, 2011, reaching two million units by 2014. In 2015, Italika earned recognition as a Socially Responsible Company and, the following year, launched its first fully electric model along with the Italika Racing sports platform. The company opened its fifth production line in 2018, and by 2019, had reached five million customers. In 2020, Italika introduced its second generation of electric vehicles, expanded its production capacity to 800,000 units annually in 2021, and surpassed seven million customers by 2022, earning its eighth consecutive Socially Responsible Company award. In 2023, Italika reached eight million customers and partnered with

245-485: A store called "Salinas y Rocha" founded in 1906 in Monterrey . In 1950, Grupo Elektra began as a radio factory. Two years later, the company began manufacturing television sets and increased its workforce to 70 employees. Elektra began selling products directly to consumers in 1954. In 1957, Elektra retail stores incorporated credit programs. By 1968, Elektra had 12 stores in the region and by 1987, 59 stores. Elektra Group

280-862: A two-time champion of the Italika Women's International Cup and Latin American champion, and Colombian rider Sara Varón, who competed as part of the first Latin American team in Spain’s ESBK Supersport 300 Championship. Both riders trained in Italika ’s high-performance centers, representing Latin America in international championships. Italika's High-Performance Centers (in Spanish, Centros Italika de Alto Rendimiento or CIAR) were established to promote motorcycling sports across all socioeconomic levels and develop talent from

315-508: A two-year or 20,000-kilometer warranty. Italika makes models of street legal motorcycles Italika also makes a variety of offroad ATVs In partnership with Lorenzo Competición México , Italika launched Italika Racing in 2016 to promote sport motorcycling and develop emerging talent, according to Business Insider . Italika Racing competitions use Italika models without modification, allowing for consistent tracking of new talent. Italika Racing has pioneered several initiatives, including

350-579: A young age. Italika operates three CIAR facilities: in Sierra Esmeralda and Villa del Carbón in the State of Mexico, and in Guadalajara, Jalisco. This motorcycle, scooter or moped-related article is a stub . You can help Misplaced Pages by expanding it . Ricardo Salinas Pliego Ricardo Benjamín Salinas Pliego (born 19 October 1955) is a Mexican businessman, founder and chairman of Grupo Salinas ,

385-670: Is a Latin American women’s championship certified as a Road to MotoGP event and endorsed by FIMLA. Notable champions include Astrid Madrigal and rider Sara Varón. Other championships organized by Italika include the Ibero-American Women's Championship, featuring the Vort-X 500 model in a single-event format, and the Latin American Youth Championship, a mixed competition for riders aged 12 to 20 using Vort-X 300 motorcycles. Prominent riders include Mexican Astrid Madrigal,

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420-524: Is a foundation that finances and supports other foundations. Fundación Azteca has raised millions of dollars, benefiting hundreds of thousands of lives. In April 2021, the Ricardo B. Salinas Pliego Center was inaugurated, a space that seeks to promote the development of ideas that contribute to the transformation of Mexico, based on six lines of action: Freedom, Rule of Law, Education, Leadership, Art and Culture, and Innovation and Entrepreneurship. The initiative

455-770: Is aimed at riders up to 17 years old. The championship includes the DM 125 Cup, Vort-X 200 Cup, and RT 250 Cup, with its first event held in September 2017 in Querétaro . Targeted at riders aged 12-21 with prior competitive experience, this series, certified as a Road to MotoGP and endorsed by the Mexican Motorcycling Federation, currently features the Vort-X 300 Cup. Like the Junior Championship, it launched its inaugural season in 2017. The Italika Women's International Cup

490-437: Is also chairman of TV Azteca , one of the world's two largest producers of Spanish-language television programming. Under his leadership, TV Azteca broke Mexico's long-standing television monopoly through the successful privatization of a media package offered by the government. In 2001, TV Azteca launched Azteca America , a wholly owned Spanish-language broadcasting network aimed at the 50 million-strong Hispanic population of

525-476: Is made up of the following programs: Arte & Cultura, through which artistic and cultural activities are promoted to raise the quality of life of society; Caminos de la Libertad, a space for reflection on different aspects of freedom that seeks to raise awareness of its value and Kybernus, which promotes the formation of young leaders from the local level. Salinas has been involved in a series of political and financial scandals (which include investigations by

560-496: The 2011–12 quarter final game between Tigres de la UANL and Monarcas Morelia , two professional football teams from the Mexican Primera División , during the same time as the presidential debate of the 2012 Mexican general elections . The day of these two events were set for 6 May 2012. He posted on Twitter the following message on 30 April 2012: If you want to see the debate, watch it on Televisa ; if not, watch

595-758: The American Securities and Exchange Commission and the Mexican Comisión Nacional Bancaria y de Valores ), and has been linked to ex-President Carlos Salinas de Gortari . Salinas was charged by the American Securities and Exchange Commission in January 2005 with being engaged in an elaborate scheme to conceal Salinas's role in a series of transactions through which he personally profited by $ 109 million. The SEC complaint also alleged that Salinas and Padilla sold millions of dollars of TV Azteca stock while Salinas's self-dealing remained undisclosed to

630-574: The Americas, Harvard Business School and TED , where he discussed issues related to globalization, education, entrepreneurship, freedom and opportunity in the BOP. He also has a blog where he publishes his business, political, economic and cultural ideas. His articles have been published in The New York Times , The Boston Globe , The Hill , Newsweek in Spanish, La Opinión , and regularly writes in

665-569: The Mexican press. Mr. Salinas was the first Mexican to elect the board of trustees of the Aspen Institute . It was announced in 2020 that Salinas had 10% of his liquid portfolio invested in Bitcoin . Salinas formed the nonprofit Fundación Azteca in 1997 to address a broad range of social problems with ongoing campaigns in healthcare and nutrition, education, and the protection of the environment. It

700-573: The United States. Azteca America had affiliates in 70 markets, including Los Angeles , New York City , Chicago , Miami and Houston , reaching 89 percent of the Hispanic population in the U.S. Azteca America was sold to HC2 Holdings in 2017. In 2003, Salinas bought Iusacell (the first cell phone company in Mexico) and four years later, merged it with Unefon , another cell phone company, founded by him in 1999. However, in early 2015, Grupo Salinas announced

735-715: The business moves when the company faced dire financial straits at the continuing devaluation of the eighties. Between 1981 and 1986, Salinas experimented with other businesses such as a restaurant in Monterrey, satellite dishes and the sale of systems multi communication. In 1987 Ricardo succeeded his father Hugo Salinas Price as CEO of Grupo Elektra . The company began as a family-owned furniture manufacturing company called Salinas & Rocha founded in 1906 by Salinas' great-grandfather, Benjamin Salinas. In 1950, Hugo Salinas Rocha created Grupo Elektra and when Ricardo Salinas became CEO of

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770-463: The company in 1987 he refocused Elektra on basic products: appliances, electronics, and furniture. Significantly, he developed at Elektra a vast new consumer market among Mexico 's lower middle income consumers by providing credit sales and diverse financial products and services. Grupo Elektra expanded further and became Mexico's biggest consumer-finance company when, in 2002, it won the first banking license granted to any Mexican institution in nearly

805-401: The delivery company Rappi to provide road safety education for delivery drivers. According to Infobae , Italika now operates approximately 1,000 service centers. Italika' s assembly plant, known as Ensamblika , is situated in the Toluca 2000 Industrial Park, State of Mexico. The facility comprises six assembly lines, achieving an annual production capacity of 850,000 motorcycles, with

840-477: The first children's electric motorcycle cup and participation in the Women's Circuit Racing World Championship, organized by Dorna Sports . This global event includes eight riders trained through Italika Racing , with Mexican Astrid Madrigal marking history as the first Mexican rider in this championship. This youth-focused series, certified as a Road to MotoGP program and endorsed by the Mexican Motorcycling Federation,

875-448: The game at the same time as the presidential debate. According to Zurita, the IFE has already set up the permissions and invitations to carry out the debate, but also recognized that other media companies can air programs they consider relevant. In addition, the electoral councils in Mexico recognized that this incident will leave the Mexican people with two difficult dilemmas: "watch football or

910-505: The game on TV Azteca . I'll give you the ratings the following day. Emilio Azcárraga Jean , the CEO of Televisa , posted a message on Twitter to "clarify the doubts" by stating that it was not Televisa who was planning to air the game between Tigres and Morelia, but rather TV Azteca, the closest television competitor to his company. The Federal Electoral Institute (IFE) and its president, Leonardo Valdés Zurita , asked for TV Azteca to not air

945-543: The market place. This was settled in September 2006 with Salinas required to pay $ 7.5M while not admitting guilt. Esteban Moctezuma (ex-Secretary of Interior of PRI President Ernesto Zedillo ), was appointed as chief executive officer of Fundación Azteca in 2002 by Salinas Pliego. His daughter, Ninfa , entered to the PVEM party (linked to the PRI party, some old but now of recent political endeavor) in 2009. Salinas decided to air

980-412: The population at large. Grupo Salinas Grupo Salinas is a corporate conglomerate formed in 2001 by several Mexican companies. The group consists of TV Azteca , Grupo Elektra , Mazatlán F.C. , Telecosmo , and Italika . Each of these companies operates independently with its own management and board of directors. The origin of Grupo Salinas begins with

1015-485: The population is interested in the debate, while 54% of them claim they are not interested at all. If the statistics were different, he said, then he would have adjusted his strategy. Salinas then said that his business "understands well" the preferences of the population and takes decisions accordingly. During the COVID-19 pandemic , Salinas Pliego (previously an economic ally of President López Obrador ) repeatedly called

1050-430: The presidential debate and not the football game. The official webpage—www.gruposalinas.com—was not available for some time. On 3 May 2012, the IFE acknowledged that TV Azteca decided to air the presidential debate on XHTVM-TV , commonly referred to as Proyecto 40. On his defense, Salinas said on 4 May 2012 that the "majority of the population is not interested in the presidential debate." He claimed that only 15% of

1085-446: The presidential debate between Josefina Vázquez Mota (PAN), Enrique Peña Nieto (PRI), Andrés Manuel López Obrador (PRD) and Gabriel Quadri de la Torre (PANAL)." Nonetheless, the majority of the messages posted on Twitter criticized Salinas Pliego for this incident. Following the decision of Salinas, the internet group Anonymous "attacked" the official website of Grupo Salinas on 1 May 2012, posting on Twitter that they wanted

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1120-402: The public to ignore official social distancing and quarantine measures, expressing concerns that the economy and freedom should not be tampered with. He ordered his tens of thousands of employees at his several companies to remain working normally, the private schools he owns remained open, and via his TV channel, TV Azteca , the businessman disseminated opposition to government health measures to

1155-436: The sale of Iusacell to AT&T Today, with Totalplay, offers the most innovative internet and television services and telephony via fiber optics to home. Also, Totalplay Empresarial provides broadband internet access video surveillance, broadband interfaces, videoconferencing, among other services to institutions and companies throughout Mexico. In 2012, Grupo Elektra acquired Advance America, —currently Purpose Financial —,

1190-471: The telecommunications company Iusacell and the mobile phone company Unefón . Iusacell was sold to AT&T in 2014, and was later rebranded as AT&T Mexico . Unefón was also sold to AT&T Mexico. In March 2019, Grupo Salinas made an investment of an undisclosed amount in OneWeb , a company developing and fielding a satellite internet constellation to deliver broadband internet services. The total raise

1225-614: Was listed on the Bolsa Mexicana de Valores , the Mexican Stock Exchange, in 1993. In 1993, Grupo Elektra bought the Imevisión government television network and renamed it as TV Azteca . The network went public with an initial public offering on the Mexican and New York stock exchanges in 1997. In 2012, Grupo Elektra acquired payday lender Advance America for an estimated $ 780 million USD. In 2003, Grupo Salinas purchased

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