2011 FZ1

2006 saw the introduction of a completely new model. The main changes included a new chassis, suspension, body work and a completely new engine, never seen before in the big Fazer. Cast aluminum die-cast diamond-shaped frame with the engine as stressed member replaced the older tubular steel frame along with a control-filled die-cast swingarm. This brought the bike up to date with modern rivals. The new model has a 998 cc DOHC 20-valve engine from the 2004–2006 R1 tuned for better midrange torque, which produces 150 hp (110 kW) (129–132 hp at the wheel) at 11,000 rpm, set in an all-new compact diamond-shaped aluminum frame. Most of this engine is identical to the sister YZF-R1's. The primary internal changes are a 40 percent heavier crankshaft and revised balance shaft. New camshafts with reduced lift and duration aim to boost performance at lower revs, and the gearbox's top two ratios are taller to give a more relaxed feel at cruising speeds.

The 2010 model (introduced on September 08, 2009) comes with revised ECU mapping to achieve improved throttle response in the low to mid-rpm range.

Yamaha reverted back to 2008 gold rims and the gold anodized USD forks.

Finally FZ1 now comes with black powdercoated exhaust, rearsets and passenger peg assemblies to match the frame