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Piaggio Reports First Half 2011 Results

The Piaggio Group reported slight increases in net sales and net profit over the first six months of 2011 compared to the same period in 2010. Net sales increased 1.1% to 830 million euros (US$1.19 billion) over the first six months of 2011, compared to 820 million euros (US$1.18 billion) in the first half of 2010. Piaggio reported a net profit of 33.3 million euros (US$47.9 million), a slight increase from the net profit of 33.1 million euros (US$47.6 million) reported last year.

Polaris Reports Q3 2013 Sales Results

Polaris Industries topped the $1 billion mark in sales for the first time in company history during the third quarter. Total sales revenue totaled $1.1 billion in the quarter, up 25.3% from $879.9 million reported in the same quarter last year. “Our record third quarter results reflect both the ongoing demand for our existing products and the potential contained within the initial shipments of our model year 2014 vehicles, the largest new product introduction in the company’s history,” says Scott Wine, chief executive officer of Polaris Industries.

Indian Motorcycles Heading to … Um … India

Polaris Industries announced it will launch its Indian Motorcycles brand in India on January 22, 2014. The inherently awkward naming aside, Indian Motorcycles India will begin operations about two months after the launch of its Polaris cousins Victory Motorcycles as the latest brand to seek out a chunk of the world’s second largest motorcycle market. Indian Motorcycles India will offer the company’s complete lineup, which includes the Chief Classic, Chief Vintage and Chieftain.