November, December retail sales slump for Polaris
January 30, 2009
Polaris Industries’ retail sales were up in October but slowed significantly the last two months of 2008, company officials said in outlining year-end results. Polaris finished its fourth quarter down in sales by 3 percent and net income by 5 percent compared to the previous-year period. Part of those... Read more »
KTM reports revenue decrease
January 30, 2009
Austrian manufacturer KTM reported a revenue decrease of 11.5 percent compared to the previous year. The company also has announced elimination of 300 positions, according to the Austrian Times. The report said the company would lay off 150 workers in its leasing division and 150 core employees by April... Read more »
Arctic Cat plans significant ATV production cutback
January 30, 2009
Arctic Cat will significantly cut ATV production in its upcoming quarter in wake of weakening consumer demand, the company reported. Arctic Cat outlined the production cutback in its third-quarter fiscal report, which showed a 9.5 percent rise in sales over the prior-year period. However, the company’s... Read more »
Metric OEMs increased shipments to North America in December
January 30, 2009
Metric manufacturers increased their motorcycle exports to the United States and Canada in December. Shipments from Honda, Yamaha, Suzuki and Kawasaki to the United States increased nearly 11 percent over the prior-year month to 34,228, according to the Japan Automobile Manufacturers Association (JAMA). Shipments... Read more »
Motorcycle Safety Foundation to continue program in Pennsylvania
January 30, 2009
The Motorcycle Safety Foundation (MSF) has been awarded a new contract by the Commonwealth of Pennsylvania to continue the state’s motorcycle safety program through 2012. “The MSF is extremely proud to have the opportunity to continue to serve the motorcyclists of Pennsylvania under the guidance... Read more »
Additional products announced online
January 28, 2009
Five more of the Nifty 50 winners are displayed online at PowersportsBusiness.com. The first 25 products were revealed in the Jan. 27 Powersports Business issue. The remaining 25 products will be in the Feb. 9 issue with full descriptions and pictures of each product. For the 10th consecutive year, Affinity... Read more »
Industry groups request temporary exemption from lead limits
January 27, 2009
The Specialty Vehicle Institute of America (SVIA) and the Motorcycle Industry Council (MIC) sent letters to the Consumer Product Safety Commission (CPSC) on Monday asking for a temporary exclusion from the lead limits specified in the Consumer Product Safety Improvement Act. The limits apply to products... Read more »
Arctic Cat lays off 7 percent of its work force
January 27, 2009
Arctic Cat will cut about 100 jobs of its total 1,400 employees. The company made the cuts to align its cost structure with industry-wide conditions. Company CEO Christopher Twomey stated, “We are rescaling the business to lower production capacity and operating costs, bringing them in line with reduced... Read more »
GE Money and Suzuki offer financing
January 27, 2009
GE Money, a division of GE Capital, and American Suzuki Motor Corp. announced a multi-year agreement to provide consumer financing for its motorcycles, ATVs and scooters. The Suzuki Installment Finance program, managed by GE Money’s Sales Finance unit, offers consumers an easy, convenient way to... Read more »
Polaris launches ‘breakthrough’ snowmobile
January 27, 2009
Polaris Industries launched its 2010 600 RUSH snowmobile that is a breakthrough for the snowmobile industry. “The progressive-rate rear suspension has been proven in Motocross; Polaris has now become the first company to bring it to snowmobiles,” Scott Swenson, vice president of the snowmobile division,... Read more »
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