Lotus Enters Luxury Motorcycle Market

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It’s not a bike you’re likely to see parked on Main Street in Daytona during Bike Week.  Nor are you likely to see it pull up at your local bike night.

The C-01 from Lotus, designed by Daniel Stern (who designed the bike in TRON) is a limited production, extremely expensive and stupidly powerful collectors edition machine for those who can afford expensive toys.

Designed in conjunction with the Holzer Group, the CEO said, “The design process of the C-01 was a labor of love, there were many challenges, ensuring that the bike not only touches your visual senses with its timeless blend of classic appeal and modern execution, but that is safe and ergonomically sound was critical to me,” says Günther Holzer.

 

What do you think?  Do these types of motorcycles help the industry overall (as in the concept car designs) or are they just rich collector toys?  Comment below.

Pricing on New Indian Chief Signals Intent To Compete For Larger Motorcycle Share

indian-silouette Indian Motorcycle, announced it will release the first new Spirit Lake era model during the 2013 annual Sturgis  motorcycle rally, and it will retail for $7,000 less than previous models.

 “We are honored to make today’s important announcements at this time, as it was roughly 112 years ago that the very first Indian Motorcycle prototype was demonstrated to the press on the streets in Springfield, Massachusetts,” said Vice President of Polaris Motorcycles Steve Menneto. “We’re especially proud to reveal that our inaugural model will be the iconic Indian Chief. Riders around the world will be thrilled to know their choice in American motorcycles will now come in the form of an all-new Indian Chief.”

 In addition to announcing the first model to come out of the Spirit Lake, Iowa production plant, pricing for the all-new 2014 Indian Chief will start at an MSRP of $18,999. Inventory is expected to be available at Indian Motorcycle dealerships throughout North America later in the year. Additional Indian Motorcycle dealerships will be opening across the country this summer to accommodate bike demand and service needs.

This pricing sends a clear message that Indian intends to compete for a larger motorcycle share than industry analysts first thought.   It has been widely rumored that Indian would focus on the “luxury” motorcycle market segment with bikes that start in the $25 to $30,000 range.

“When Polaris Industries acquired this brand two years ago, our goal from the outset was to leverage our engineering, manufacturing and operational prowess as a market leader in powersports to design and build a truly exceptional motorcycle that represents the perfect balance of legendary heritage and brilliant, state-of-the-art engineering and technology,” continued Menneto. “All of us at Indian Motorcycle are very proud to offer the 2014 Indian Chief at a starting price of $18,999. We set out to make the power and heritage of this beautiful new bike available at a price point that is competitive and more accessible to people who are looking for authenticity and choice in American motorcycles.”

At this price point, Indian will compete directly with Victory and Harley-Davidson in the large cruiser segment.

 The new Indian Chief will be revealed at the 73rd annual Sturgis Motorcycle Rally in Sturgis, South Dakota, which runs August 3-11, 2013. Specific details on the launch timing will be announced this summer. The Sturgis Motorcycle Rally, the world’s largest motorcycle rally, was started in 1936 by an Indian Motorcycle club, the famed Jackpine Gypsies. Indian Motorcycle is proud to reclaim that heritage and share the historic reveal of the 2014 Indian Chief with the rider community at  the 2013 Sturgis Rally.

 For more information please visit www.indianmotorcycle.com, follow us on Twitter at www.twitter.com/indianmotocycle, and Like Us at www.facebook.com/indianmotorcycle. To learn more about the Jackpine Gypsies, log on to www.jackpinegypsies.com.

ABOUT INDIAN MOTORCYCLE

Indian Motorcycle, a wholly-owned subsidiary of Polaris Industries Inc. (NYSE: PII), is America’s first motorcycle company. Founded in 1901, Indian Motorcycle has won the hearts of motorcyclists around the world and earned distinction as one of America’s most legendary and iconic brands through unrivaled racing dominance, engineering prowess and countless innovations and industry firsts. Today that heritage and passion is reignited under new brand stewardship. To learn more, please visit www.indianmotorcycle.com.

ABOUT POLARIS INDUSTRIES

Polaris is a recognized leader in the powersports industry with annual 2012 sales of $3.2 billion.  Polaris designs, engineers, manufactures and markets innovative, high quality off-road vehicles, including all-terrain vehicles (ATVs) and the Polaris RANGER® and RZR® side-by-side vehicles, snowmobiles, motorcycles and on-road electric/hybrid powered vehicles.

Polaris is among the global sales leaders for both snowmobiles and off-road vehicles and has established a presence in the heavyweight cruiser and touring motorcycle market with the Victory and Indian motorcycle brands.  Additionally, Polaris continues to invest in the global on-road small electric/hybrid powered vehicle industry with Global Electric Motorcars (GEM), Goupil Industrie SA, and internally developed vehicles. Polaris enhances the riding experience with a complete line of Polaris and KLIM branded apparel and Polaris accessories and parts.

Polaris Industries Inc. trades on the New York Stock Exchange under the symbol “PII”, and the Company is included in the S&P Mid-Cap 400 stock price index.

Information about the complete line of Polaris products, apparel and vehicle accessories are available from authorized Polaris dealers or anytime at www.polaris.com.

American Motorcyclist Association appoints Vice President of Industry Relations and Corporate Member Programs

PICKERINGTON, Ohio — The American Motorcyclist Association (AMA) is pleased to announce that industry veteran Jim Williams has joined the association as Vice President of Industry Relations & Corporate Member Programs. Williams will be responsible for directing the AMA’s outreach to the motorcycle industry as well as creating related membership programs for manufacturers, distributors and aftermarket companies.

With more than 25 years of industry involvement, Williams was most recently the Director, Sales Planning & Promotion for Kawasaki Motors Corp., USA and he concurrently served as Vice Chairman of the AMA Board of Directors. Williams also has trade association experience, having worked for the Motorcycle Industry Council from1986 to 1995, where he coordinated land-use efforts for the industry with the goal of preserving and expanding OHV riding opportunities across the U.S.

“I am very happy to report that Jim Williams has joined the AMA’s executive team,” said AMA President and CEO Rob Dingman. “Jim has extensive knowledge of the motorcycling community and brings a wide variety of experience from his years at Kawasaki. He was a key member of the team responsible for the company’s increase in motorcycle market share, and he is well regarded throughout the motorcycle industry.

“In addition, as Vice Chairman of the AMA Board of Directors, Jim understands the needs and direction of the AMA, our clubs and our members. I can think of no one more qualified to lead our outreach to the industry as we grow the AMA into the future,” Dingman said.

“It’s a great feeling to be joining the AMA executive team,” added Williams. “For many years, I have been active in the motorcycling community’s struggle with the challenges to current and future riding opportunities, and have done what I could within the industry. By joining the AMA at this time, I can more effectively contribute to the reforms that Rob and the board have undertaken to strengthen and grow the membership of the AMA. There is no organization better positioned to protect our riding lifestyle and freedoms, and I look forward to the opportunities ahead.”

Williams is an avid motorcyclist and has been riding motorcycles since he was 7 years old. He is an AMA Charter Life member and enjoys long-distance adventures in the wide-open spaces of Baja, Nevada and the California desert. Formerly an active participant in AMA District 37 racing, he still competes on occasion.

Williams will be based in Southern California.

Polaris Acquires Indian Motorcycle

MINNEAPOLIS (April 19, 2011) — Polaris Industries Inc. today announced the acquisition of Indian Motorcycle. The business was acquired from Indian Motorcycle Limited , a company advised by Stellican Limited and Novator Partners LLP, U.K. Private Equity firms. Terms of the transaction were not disclosed.

“We are excited to be part of the revitalization of a quintessentially American brand,” said Scott Wine, CEO of Polaris Industries Inc. “Indian built America’s first motorcycle. With our technology and vision, we are confident we will deliver the classic Indian motorcycle, enhanced by the quality and performance for which Polaris and Victory are known.”

With this acquisition, Polaris adds one of motorcycling’s legendary brands to its strong stable of Victory cruiser and touring bikes. Indian will operate as an autonomous business unit, building upon the potent combination of Polaris’ engineering acumen and innovative technology with Indian’s premium brand, iconic design and rich American heritage.

“We are delighted to have reached an agreement with Polaris. Polaris will utilize its well-known strengths in engineering, manufacturing, and distribution to complete the mission we undertook upon re-launching the brand in 2006: harness the enormous potential of the Indian brand,” said Stephen Julius, chairman of Indian and managing director of Stellican. “Polaris is the most logical owner of Indian Motorcycle. Indian’s heritage brand will allow Polaris to aggressively compete across an expanded spectrum of the motorcycle market.”

Novator Partners LLP is a London based alternative investment firm founded and led by the investor Mr. Thor Bjorgolfsson. An avid motorcycle enthusiast, Mr. Bjorgolfsson said “After a troubled past, our goal was to bring the legendary Indian bikes back on the roads. The initial phase of that project is done and now our great partners at Polaris will carry on the work to realize the full potential of this classic American brand.”

Conference Call and Webcast Presentation
Tomorrow, April 20th at 9:00AM (CT), Polaris Industries Inc. will host a conference call and webcast to discuss the acquisition, as well as the first quarter 2011 financial results. The call will be hosted by Scott Wine, CEO, Bennett Morgan, President and COO and Mike Malone, Vice President-Finance and CFO.

A slide presentation and link to the audio webcast will be posted on the Investor Relations page of the Polaris web site at www.polarisindustries.com/irhome approximately 30 minutes before the conference call begins.

To listen to the conference call by phone, dial 800-374-6475 in the U.S. and Canada, or 973-200-3967 internationally. The Conference ID is #36643140. A replay of the conference call will be available approximately two hours after the call for a one-week period by accessing the same link on our website, or by dialing 800-642-1687 in the U.S. and Canada, or 706-645-9291 internationally.