The story, 700 vs. 750, is:

When homegrown Harley Davidson was struggling financially back in the
80s, the company successfully lobbied our congress for an embargo
against imported bikes 750 and larger, in order to stifle competition
-- it was and still is, called protectionism, and still goes on in
some parts of the world despite mostly free markets everywhere.  The
Japanese had done the same against Harley early on (pre-Honda) when
they were struggling to establish their motorcycle manufacturing
industry.

But in the case of the Nighthawk, Honda modified the 750, which was in
full production everywhere except the U.S., by reducing the
displacement and tinkering with the bore and stroke, to bring it in at
less than 750 cc, thereby circumventing the embargo.

Long story short, the bikes are virtually identical except for
displacement (and maybe kilometers vs. miles on the speedo).

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