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Piaggio Reports First Half 2011 Results

The Piaggio Group reported slight increases in net sales and net profit over the first six months of 2011 compared to the same period in 2010. Net sales increased 1.1% to 830 million euros (US$1.19 billion) over the first six months of 2011, compared to 820 million euros (US$1.18 billion) in the first half of 2010. Piaggio reported a net profit of 33.3 million euros (US$47.9 million), a slight increase from the net profit of 33.1 million euros (US$47.6 million) reported last year.

Polaris Reports Q4 2013 Sales Results – Motorcycle Sales Up 94%!

Polaris Industries a record fourth quarter ended Dec. 31, 2013, with sales revenue of $1.08 billion and a net income of $108.7 million. While off-road vehicles represent the bulk of Polaris’ business, its motorcycle operations saw a 94% increase in fourth quarter sales, thanks to strong demand for Victory Motorcycles and the addition of new Indian Motorcycles models.

Pre-Polaris Indians Recalled for Cracking Rear Rims

Transport Canada has announced a recall on various Indian motorcycles from model years 2009 to 2013 because of a risk of the rims cracking. All of the recalled motorcycles were from the old Indian designs before the storied brand was acquired by Polaris Industries. But as the new owners of Indian Motorcycles, Polaris is left with the responsibility of correcting defects from previous designs.