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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 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.

First Polaris-era 2012 Indian Motorcycle Rolls Off Spirit Lake Assembly Line

A new era has begun as the first Indian Motorcycle under the ownership of Polaris Industries has been produced at the company’s Spirit Lake, Iowa, factory. The landmark first Polaris-owned Indian won’t be heading right to the showroom floor however; instead, it will undergo extensive testing and evaluation by Polaris. As such, this particular Indian Chief Vintage, and the rest of the 2012 Indian line, will be fairly similar to Indian’s previous offerings, save for some minor updates to catch any issues Polaris already discovered.