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Fri, July 1, 2011Thu, June 30, 2011Wed, June 29, 2011Tue, June 28, 2011Mon, June 27, 2011Sun, June 26, 2011Fri, June 24, 2011Thu, June 23, 2011Wed, June 22, 2011Tue, June 21, 2011Polaris Industries Completes Acquisition of Global Electric Motorcars
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Published in House and Home on Monday, June 27th 2011 at 15:45 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
MINNEAPOLIS--([ BUSINESS WIRE ])--Polaris Industries Inc. (NYSE:PII) announced today that it has closed the previously announced acquisition of Global Electric Motorcars (GEM), a wholly owned subsidiary of Chrysler Group LLC and manufacturer of electric vehicles.
About Polaris
With annual 2010 sales of $1.99 billion, Polaris designs, engineers, manufactures and markets innovative, high quality off-road vehicles (ORVs), including all-terrain vehicles (ATVs) and the Polaris RANGER® for recreational and utility use, snowmobiles,motorcycles and on-road electric powered vehicles.
Polaris is a recognized leader in the powersports industry, among the global sales leaders for both snowmobiles and ORVs. The Company has established a presence in the heavyweight cruiser and touring motorcycle market with Victory motorcycles and the acquisition of the Indian motorcycle brand. Additionally, Polaris continues to invest in the Global on-road low speed vehicle industry with internally developed vehicles and the acquisition of Global Electric Motorcars (GEM). Polaris enhances the riding experience with a complete line of Pure Polaris apparel, accessories and parts, available at Polaris dealerships.
Polaris Industries Inc. trades on the New York Stock Exchange under the symbol aPIIa, 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 vehicles accessories are available from authorized Polaris dealers or anytime at [ www.polarisindustries.com ].