File: demo.xsl

<?xml version="1.0" encoding="utf-8"?>
<xsl:stylesheet version="1.0" xmlns:xsl="http://www.w3.org/1999/XSL/Transform">
  <xsl:output method="html" version="1.0" omit-xml-declaration="no" indent="yes" encoding="utf-8"/>

  <xsl:template match="data">
  	<xsl:for-each select="bike">
  		<xsl:value-of select="@model"/> (<xsl:value-of select="@year"/>) - <xsl:value-of select="owner"/><br/>
  	</xsl:for-each>
  </xsl:template>

</xsl:stylesheet>