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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.

Polaris Reports Q1 2012 Results

Polaris Industries reported a 44% increase in on-road vehicle sales revenue and a 40% increase in North American Victory Motorcycle unit sales over the first quarter of 2012. According to Polaris’ first quarter report, its on-road vehicle division (which consists of the Victory and Indian motorcycle brands as well as electric vehicle brands GEM and Goupil) generated $64.7 million in sales revenue, compared to $44.9 million reported in the same quarter of 2011. Of course, the Polaris didn’t yet own Indian, GEM or Goupil during that quarter last year, so the figures are a bit misleading.

Bonhams Las Vegas Motorcycle Auction Rakes In $1.8 Million

  A collection of classic motorcycles including some owned by the Du Pont family was auctioned by Bonhams in Las Vegas, with sales reaching $1.8 million, nearly double the pre-auction estimates. The auction included 50 motorcycles and 113 lots of spare parts from the Du Pont family including some from the personal collection of E. Paul du Pont, founder of Du Pont Motors and one-time president of Indian Motorcycles.