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4-Traders Homepage  >  Equities  >  Nyse  >  Polaris Industries Inc.    PII

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Polaris Industries Inc. : Indian Motorcycle Unveils the 2013 Indian Chief Vintage Final Edition

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12/07/2012 | 10:35pm CET

Limited Units Available of Special Highly Collectible Model Designed to Commemorate the End of One Era in Motorcycling History, and the Beginning of Another

Indian Motorcycle, the original American motorcycle company, today announced the 2013 Indian Chief Vintage Final Edition, the final version of the Kings Mountain era of Indian Motorcycle, which is available in very limited quantity. The new model year 2013 Indian Chief Vintage Final Edition was unveiled before a gathering of the motorcycle industry press from the floor of the International Motorcycle Show in Long Beach, California, which takes place today through December 9th at the Long Beach Convention Center.

Today's announcement marks the end of the Kings Mountain era of the Indian Chief, and signifies an important milestone in the 111-year storied history of the Indian Motorcycle brand. With a paint scheme emulating the iconic Indian Chief on display at the 1939 World's Fair in New York, the stunning new collectible 2013 Indian Chief Vintage Final Edition is a fully accessorized motorcycle that befits its place in the history of motorcycling. The extremely limited number of these bikes available is sure to excite collectors and pave the way for the new era in Indian Motorcycle under the leadership of Polaris Industries.

The 2013 Indian Chief Final Edition comes fully loaded with the World's Fair-inspired paint scheme of Indian Red, Thunder Black, and Gold Pinstripe; auxiliary driving lamps; black leather solo seat with included detachable passenger seat; windshield; black leather saddlebags; chrome grab rail; leather fringe; engine guards; and chrome fender tips. Powered by the PowerPlus 105ci engine, this historic 2013 model will be manufactured in an extremely limited run and wears a custom-designed, numbered emblem on the frame to commemorate the brand's historic achievements.

"We are working hard designing and building the new Indian Motorcycle, but we knew it was important to honor and celebrate the long and proud heritage of Indian Motorcycle, and the Kings Mountain era played a key role in that continuing history," said Steve Menneto, Vice President of Motorcycles at parent company Polaris Industries. "When we acquired the Indian Motorcycle brand in 2011, our strategy was to retain the existing design, quality and high level of detail for which Indian Motorcycle has always been known, while making significant detail improvements in order to satisfy the continued demand from Indian Motorcycle dealers. The Final Edition is an acknowledgement of our gratitude to the team at Kings Mountain for sustaining the Indian Motorcycle story and its heritage as America's original motorcycle brand."

The Kings Mountain, North Carolina assembly line was transitioned to Polaris' Spirit Lake, Iowa production facility in 2011. The line was transported and returned to full operation in an astounding eight weeks, and continued to produce new units for the Indian Motorcycle dealer base. The state-of-the-art Spirit Lake plant also manufactures Polaris Rangers and Victory Motorcycles, though each brand is built on its own dedicated assembly line.

Pricing and Availability
The 2013 Indian Chief Vintage Final Edition is exclusively available for purchase in North America with a MSRP of $37,599 and $39,599 in Canada. Interested parties are encouraged to contact their local Indian Motorcycle dealer as soon as possible due to limited availability. Log on to www.indianmotorcycle.com for dealer and model information.

ABOUT INDIAN MOTORCYCLE
Indian Motorcycle, a wholly-owned division of Polaris Industries Inc. (NYSE: PII), is America's original 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 2011 sales of $2.7 billion. Polaris designs, engineers, manufactures and markets innovative, high quality motorcycles, off-road vehicles including all-terrain vehicles and Polaris RANGER® side-by-side vehicles, snowmobiles and on-road electric/hybrid-powered vehicles.

Polaris is a global sales leader 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. The company continues to invest in the global on-road small electric/hybrid vehicle industry with Global Electric Motorcars (GEM) and Goupil Industrie SA, as well as internally developed vehicles. 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 "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 is available from authorized Polaris dealers or by visiting www.polarisindustries.com.

Skyya Communications for Indian Motorcycle
Megan Kathman, 952-746-1311
megan.kathman@skyya.com


© Business Wire 2012
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Financials ($)
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EBIT 2016 357 M
Net income 2016 226 M
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Yield 2016 2,55%
P/E ratio 2016 25,34
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Capi. / Sales 2016 1,37x
Capi. / Sales 2017 1,08x
Capitalization 5 603 M
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Average target price 84,0 $
Spread / Average Target -4,0%
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