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Polaris Reports Q1 2013 Results

Polaris Industries reported a 26% increase in net income over the first quarter of 2013, but a 2.9% decline in on-road vehicle sales (comprised almost entirely of Victory and Indian Motorcycles). The company’s first quarter filings report a net income of $75.5 million, up from the $60.1 million reported over the same period in 2012. Much of the increase can be attributed to a 217% increase in net sales from its snowmobile division, spurred in large part by increase in snowfall across many regions of North America.

WSBK: 2012 Miller Results

Marco Melandri earned BMW its second ever World Superbike victory to move into second place in the championship standings behind Max Biaggi in the series’ only stop in the United States. Melandri won a red-flagged Race Two at Utah’s Miller Motorsports Park after finishing second to defending WSBK Champion Carlos Checa in Race One to give him 142.5 points on the season, tied with Kawasaki‘s Tom Sykes but behind Aprilia‘s Biaggi who leads the way with 160.5 points. Race One Highlights Get the Flash Player to see this player.

Polaris Acquires French Quadricycle-maker Aixam Mega

Polaris has added another brand to its growing list of acquisitions, buying out Aixam Mega S.A.S., a French manufacturer of light-duty commercial vehicles and quadricycles – small four-wheeled enclosed vehicles that can be driven, in some markets, without an automobile driver’s license. Aixam Mega joins Polaris’ portfolio which already includes Victory Motorcycles, Indian Motorcycles, electric vehicle makers Global Electric Motorcars and Groupil. Like GEM and Groupil, Axiam Mega produces small vehicles, though its products include both electric and diesel-powered vehicles.