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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.

Hero Moto Unveils Leap Hybrid Scooter Concept, Claims 235 MPG

Indian manufacturer and former Honda partner Hero MotoCorp has unveiled a new hybrid scooter prototype at the 2012 Auto Expo in New Delhi. The Hero Leap runs on a series hybrid powertrain with the battery-powered electric motor providing most of the power and the gasoline engine acting as a range extender, charging the battery and supplying power when the battery runs low. Hero claims fuel economy of up to 100 km/l, which translates to an eye-popping 235 mpg.

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.