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Polaris Reports Q3 2013 Sales Results

Polaris Industries topped the $1 billion mark in sales for the first time in company history during the third quarter. Total sales revenue totaled $1.1 billion in the quarter, up 25.3% from $879.9 million reported in the same quarter last year. “Our record third quarter results reflect both the ongoing demand for our existing products and the potential contained within the initial shipments of our model year 2014 vehicles, the largest new product introduction in the company’s history,” says Scott Wine, chief executive officer of Polaris Industries.

2015 Hero Hastur 620cc Streetfighter Concept Revealed – Video

Hero Motocorp has revealed a new 620cc streetfighter concept called the Hastur at the 2014 Indian Auto Expo in Greater Noida, near New Delhi. The Hero Hastur concept was developed with the help of Erik Buell Racing which provided its expertise in working with larger engines than Hero’s usual small-displacement motorcycles. The Hastur is powered by a parallel twin 620cc engine claiming 78.9 hp at 8000 rpm and 53.1 ft-lb.

Hero MotoCorp Forms Joint Venture with Magneti Marelli

Indian manufacturer Hero MotoCorp is teaming up with electronic fuel injection expert Magneti Marelli in a new joint venture. Hero will hold a 60% share in the company with Magenti Marelli controlling the other 40%. The two companies are initially investing a combined US$8.5 million into the joint venture, with a planned  investment of US$27 million total over the next ten years.