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MINNEAPOLIS, Oct 29, 2014 (BUSINESS WIRE) -- Polaris Industries Inc. PII, -0.42%today announced it will celebrate the Company’s 60-year anniversary with a Closing Bell ceremony from the floor of the New York Stock Exchange. Chairman and CEO Scott Wine and a number of key Polaris executives and team members will participate in the nationally televised event, which takes place today at 4 p.m. EST on Wall Street in New York City.
Starting from humble beginnings in 1954 in Roseau, Minnesota, Polaris was among the first in the nation to produce a working snowmobile, and six decades later has grown to become a $4+ billion highly profitable global leader in the powersports industry. Polaris’ armada of products includes an ever-expanding lineup of snowmobiles, ATV and side-by-side vehicles, motorcycles, electric/hybrid powered vehicles and military/defense vehicles and related PG&A. Key milestones and innovation highlights over the Company’s 60-year history include:
1956 – Produces the first modern snowmobile
1985 – Introduces first ATV
1987 – Becomes a publicly traded company
1998 – RANGER™, the first of many utility side-by-side vehicles, is launched
1998 – Victory Motorcycles, the company’s first on-road vehicles, are introduced
2007 – RZR™ is unveiled – first trail-capable recreational side-by-side vehicle in the market
2009 – Achieves #1 market share position in powersports
2011 – First manufacturing operation established outside North America in Monterrey, Mexico
2011 – Exceeds 3 million Polaris Off-Road Vehicles sold since introduction
2013 – Re-launches Indian Motorcycles
2013 – Acquires Axiam Mega quadricycle company; compliments GEM and Goupil Small Vehicles
2014 – Introduces Slingshot, the Company’s unique 3-wheel roadster
Today, Polaris has over 20 recognizable brands in their respective industries and more than...
Only 2 Slingshots per dealer to start. Shipments will be first week of November. Dealers should have exact ship dates with vin#s by this Friday. Pre-sold's can be entered into the computer as of next Monday with ship dates shortly after that.
SPIRIT LAKE, Iowa, Oct 09, 2014 (BUSINESS WIRE) -- Polaris Industries Inc. PII, -0.99%and local public officials gathered today at Polaris’ Spirit Lake, Iowa manufacturing facility to celebrate the launch of its Slingshot™ motorcycle into full production.
Slingshot has received significant attention since its introduction to the marketplace two months ago, offering an entirely new on-road driving and riding experience. Now, as Slingshot begins rolling off the production line, consumers will have the opportunity to experience this innovative new product for themselves.
“We continue to introduce new, innovative products and technologies that create opportunities for growth here and around the world. Today, we are excited to celebrate the revolutionary 3-wheel, Polaris Slingshot into full production here in Spirit Lake,” said Bennett Morgan, President and Chief Operating Officer of Polaris.
“Polaris is committed to both understanding the desired riding experience of our customers and then working to exceed those expectations,” said Brian Hines, Director of Operations at the Spirit Lake plant. “We could not be happier to produce such a high-quality vehicle at our Spirit Lake manufacturing facility.”
Initial shipments of Slingshot to Polaris dealers will commence by the end of this month.
With the production of Slingshot and increased production of other vehicles, Polaris announced in August it will add 300 jobs to its Iowa manufacturing facilities.
Polaris Industries will celebrate the launch of its new three-wheel vehicle, the Slingshot, on Thursday in Iowa. The Minneapolis-based company will build the on-road vehicle at its Spirit Lake factory. It has hired 50 new employees and is looking to fill another 50 positions. Once hiring is complete, Polaris will employ about 1,000 people in Spirit Lake. The company also employs about 300 in Milford.
The three-wheeled roadster represents a new market for the manufacturer, which also builds Victory bikes and Indian Motorcycles — the classic brand it brought back to life in 2013 — at the Spirit Lake facility. Earlier this year, it announced the launch of the Indian Scout, a lighter, cheaper sibling in the Indian motorcycle family.
The Slingshot is expected to be in showrooms by the end of October. Shares of Polaris closed down 97 cents Tuesday to $145.86.