Harley-Davidson Will Launch First The Street 750 In India. Not the Street 500. Without any given justification for this decision, Harley-Davidson India mentioned in its Facebook page that the Street 750 will be the first Street model introduced in India. For sure both the 750 and 500 will be manufactured in this country (except those for the US market produced in Kansas.) No word if the 500 model will be introduced later, or not at all in India. Is it possible that Harley-Davidson doesn’t want right away to create a competition for itself, confusing customers with 2 models so close in configuration & price? Also, if one model has to be privileged, at least in a 1st time, the Street 750 is more in line with the “big heavy cruiser” image that foreigners have about Harley-Davidson. It’s also a market segment where Harley has less competition in India than in the 250/500 cc category. The 2 Street models feature a new liquid cooled V-Twin Revolution X engine with a 6-speed transmission and a frame geometry making them 2” higher from the ground that the Sportster Iron 883.
Polaris Announces Buyback Of 3.96 Million Shares From Fuji Heavy Industries. Polaris Industries Inc. (NYSE: PII) announced that it has purchased all of Fuji Heavy Industries Ltd.’s (“FHI”) 3.96 million shares of Polaris’ common stock for a purchase price of $497.5 million, thereby reducing its outstanding share count by approximately six percent. Polaris funded this purchase with a combination of cash on hand and $250 million of borrowings under the Company’s revolving credit facility. Polaris and FHI have a long successful engine supplier relationship dating back to 1968, when FHI began manufacturing Polaris’ exclusive “Star” engine. FHI was the sole manufacturer of Polaris’ engines from 1968 to 1995, at which time Polaris gradually began to produce its own engines for select models. For model year 2013, FHI supplied approximately one-fourth of Polaris’ engines used in a number of models of snowmobiles and off-road vehicles. For model year 2014 and beyond, the Company anticipates that the percentage of FHI-supplied engines will decline further as Polaris continues to significantly expand its own engine portfolio. The Company’s previously issued guidance for full year 2013 earnings per share from continuing operations, raised on October 22, 2013, remains unchanged at $5.30 to $5.37 per diluted share. On a pro forma basis, assuming this transaction had occurred on January 1, 2013, the positive impact on expected full year 2013 earnings per share from continuing operations would have been approximately $0.25 per share. The Company’s share repurchase program authorization remains in place with approximately 1.6 million shares available for repurchase.
After Ten Months, BMW Motorrad Sales Are 8.5 % Above The previous Year. 101,530 motorcycles and maxi scooters have been supplied as of October (previous year was 93,540 units). Heiner Faust, BMW Motorrad Head of Sales and Marketing: “For the first time in the history of BMW Motorrad we have supplied well over 100,000 vehicles to our customers worldwide two months before the end of the year. We now have less than 5,000 units to go to surpass last year’s sales figure of 106,358 vehicles. Our planned target for a new all-time high is within range.”