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Polaris Reports Q1 2013 Results

Polaris Industries reported a 26% increase in net income over the first quarter of 2013, but a 2.9% decline in on-road vehicle sales (comprised almost entirely of Victory and Indian Motorcycles). The company’s first quarter filings report a net income of $75.5 million, up from the $60.1 million reported over the same period in 2012. Much of the increase can be attributed to a 217% increase in net sales from its snowmobile division, spurred in large part by increase in snowfall across many regions of North America.

Pre-Polaris Indians Recalled for Cracking Rear Rims

Transport Canada has announced a recall on various Indian motorcycles from model years 2009 to 2013 because of a risk of the rims cracking. All of the recalled motorcycles were from the old Indian designs before the storied brand was acquired by Polaris Industries. But as the new owners of Indian Motorcycles, Polaris is left with the responsibility of correcting defects from previous designs.

Lambretta Licensees Deny Consortium’s Trademark Infringement Claims

Two companies named in the Lambretta Consortium’s claims of trademark infringement say they have legitimate rights to use the Italian scooter brand’s name. Clag International and Motom Electronics Group (MEG) have released a joint statement saying Italian courts have ruled their licenses to use the Lambretta name are valid. The statement was released in response to the Lambretta Consortium’s announcement about taking legal action against unlicensed use of the brand.