Polaris has announced that it will invest nearly $10 million in capital improvements at its PG&A distribution center in Vermillion, S.D. The money will go to the installation of new material handling systems. The technology and equipment upgrades come as Polaris continues its global growth and commitment to lean operations. The 385,000-square-foot South Dakota plant, which was built in 1997, supplies more than 60,000 PG&A products to 130 countries, dealers and distributors. The installation of the new systems is expected to be complete by December 2014.
SpeedLux.com recently released a color rendering of what they think the Polaris Slingshot will look like from the leaked patent drawings. While it doesn't look much different then some of the photos we have seen it does add a little bit more reality to the photo. Either way, I can already picture myself in one as soon as they are released
Asphalt and Rubber just stumbled onto the press release that mentions the Polaris Slingshot that we posted a couple of weeks ago. The interesting part of their article is the spy shots they found and what they think could be close to what the actual production model will look like.
There hasn't been any new updates or new rumors on the Slingshot in a while. While searching the web today I noticed that www.PolarisSlingshot.com now has a general Polaris landing page up. This could be a good sign that Polaris is one step closer to unleashing the 3 wheeled beast.
We've all be hanging on every word and patent photo that Polaris has leaked out over the past couple of years, but today a Minneapolis/St. Paul Business Journal is reporting that we are due to see this three-wheeled roadster in 2014!
"During an analyst and investor meeting, Polaris Chief Operating Officer Bennett Morgan compared the Slingshot to the Can-Am Spyder, a product that looks like a three-wheel motorcycle and is made by Valcourt, Québec-based BRP, which also makes Ski-Doo snomobiles and Sea-Doo personal watercraft.
"[The Slingshot] is a different spin and a different solution in what I would say has been a somewhat created category. So it's not all new. But we think we got a way better solution," Morgan said. "We've done a lot of homework on this. There is a space there and we think we've got a very innovative, superior solution, frankly, if we come to market."
And all of this is just music to our ears! This isn't just good news for the enthusiast that is looking to blend the excitement of a motorcycle and the safety of car, it would also bode well for Polaris' bottom line. Jimmy Baker, an analyst at B. Riley & Co., in Los Angeles, estimated Polaris could add $60 million in 2014 revenue from Slingshot, based on his rough estimate of 3,000 unit sales at a $20,000 each wholesale price.