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The Yamaha R1, like all Japanese sport bikes capable of reaching such speed from the last decade are restricted to 300km/h(186mph) by a gentleman's agreement between the Big 4. This does not appear to apply to any other manufacturers, e.g. MV Agusta named there latest base model sports bike the F4 1000 312R because it was reported to reach 312km/h during testing.

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15y ago
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Q: What is the top speed of Yamaha R1 2008?
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