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Third place for Victory Racing in its first ever TT Zero race
Third place for Victory Racing in its first ever TT Zero race
· Lee Johnston rides a 111.62mph lap to his second TT podium
· Fourth for Guy Martin on a 109.717mph lap, just shy of the 110mph mark
· “It’s a proper fast bike, the Victory boys were spot on,” says Guy.
Isle of Man: Victory Racing is celebrating its first ever TT podium after Lee Johnston rode a 111.620mph lap in the SES TT Zero race to take third place.
Lee had ridden increasingly fast laps on successive practices throughout the week as he became more familiar with the intricacies of riding the electric motorcycle – including energy management and regeneration – and he rode his fastest lap to date just when it mattered most.
Lee said in the winner’s enclosure: “Yeah, awesome to be back on the podium again. Every time we go out, we’re getting faster. Think we had a little bit of battery left, so maybe could have went a bit quicker. Fair play to the Mugen boys, but at the end of the day they have been coming here for three years and in their first year they did nowhere near 110mph, so credit to the whole Victory team, it’s an absolutely awesome job. The bike’s so fun to ride because it’s so small, I really like riding it.”
Guy Martin, who stepped in to ride the bike on behalf of the injured William Dunlop, placed fourth, an equally sweet victory in some ways, as he had only ridden two practice laps on William’s No.6 machine ahead of the race. He also posted his fastest lap of the week in the race – a 109.717mph, just shy of the 110mph mark.
“It’s a proper fast bike,” he said. “The Victory boys judged it just right to use up all of the battery power as I came over the finish line. I’d need more time to properly get my head around it but I’m happy to have had the opportunity to ride it.”
For a first time at the TT, the team is thrilled that it has been so competitive. Victory Racing Team Manager, Brian Wismann, said: “I’m feeling very, very good. It was good day for Victory Racing on our first ever time at the TT. We accomplished what we set out to accomplish… got on to the podium, but we also got a 111mph average in our first ever TT Zero race. Speeds were good, the bikes were good and reliable, they looked great out there. I’m just very, very pleased with all the hard work the team’s put in and the work that the riders have done to get the bikes round here so quickly.”
Out of the 10 electric bike teams on the Isle of Man, seven of them entered the race. It is also the very first time that five teams have all achieved over 100mph laps under race conditions and is a strong indicator that electric racing technology is being taken seriously by many brands in anticipation of mass-produced consumer vehicles.
For Gary Gray, Director Motorcycle Product for Victory Motorcycles, the third and fourth place is reward for all the efforts the brand is putting into proving ‘American Performance’. He said: “I couldn't be prouder of the team for putting a bike on the podium the first year out and for building the fastest American electric bike ever at the Isle of Man TT. I promised we would be competitive and beating nine of the 10 teams proves American performance.”
A podium result has also excited Parker, the makers of the GVM electric motor that propelled the bikes. Parker’sUS-based strategic account manager, Kevin Holloway said: “We are proud of the entire Victory Racing team for the third and fourth place finishes in the TT Zero. Everybody worked so hard and we exceeded our expectations by setting an American lap record today.”
Victory Motorcycles has been flexing their muscles in various forms, not only by entering the Isle of Man TT, but also by taking part in professional drag racing, running a stunt team and fielding an entry in the iconic Pikes Peak Hill Climb with a prototype and custom race machine built by Victory Racing and Roland Sands Design, all which will be exhibited at the upcoming American Victory Rally in Denver and Colorado Springs, CO. http://www.victorymotorcycles.
Victory Motorcycles - Project 156 Pikes Peak Hill Climb prototype
And in case you missed Part 1:
Polaris Industries Acquires Timbersled
Polaris Reports Record First Quarter 2015 Results - motorcycle sales up 74%
North American retail sales increased 8% in the first quarter.
MINNEAPOLIS (April 23, 2015) — Polaris Industries Inc. (NYSE: PII) today reported record first quarter net income of $88.6 million, or $1.30 per diluted share, for the quarter ended March 31, 2015, an increase of nine percent from the 2014 first quarter net income of $80.9 million, or $1.19 per diluted share. Sales for the first quarter 2015 totaled $1,033.3 million, which represents an increase of 16 percent from last year’s first quarter sales of $888.3 million.
“I am pleased to report record sales and earnings for our 2015 first quarter, with sales up 16 percent, operating income up 19 percent and net income up nine percent, our 22nd consecutive quarter of record earnings performance,” commented Scott Wine, Polaris’ chairman and chief executive officer. “We outperformed the market again in most of our businesses in spite of increased competitive promotional pressures, weakening global markets and the corresponding negative effect from currencies. While we are justifiably proud of these accomplishments, we remain focused on seizing the numerous opportunities we missed to perform better. From factory inventory being too high to ongoing production inefficiencies, particularly in motorcycles, we did not perform to our capabilities or our expectations.
However, we are making great strides towards addressing these issues, and I am confident those efforts will allow us to continue outperforming our markets.” Wine continued, “My confidence comes first and foremost from the skill and passion of Polaris’ 8,000 team members. Our team has never been stronger or deeper, demonstrated by the recent internal promotions of Chris Wolf and Craig Scanlon, both 10+ year Polaris veterans, to run our Snowmobile and Slingshot® businesses, respectively, following Mike Jonikas’s retirement. Second, product innovation remains a significant growth driver. During the quarter, we added to our stable of innovative motorcycles with the introduction of the Indian Chief Dark Horse®, the Victory Magnum X-1®, and a limited edition Slingshot SL. Additionally, we unveiled seven new mountain snowmobiles incorporating our award winning Axys® chassis, making the best mountain sled, the Polaris RMK®, even better. And we expanded our manufacturing footprint to China, while extending the breadth and reach of our ORV business, with the acquisition of Hammerhead Off-Road®, which produces light gas and electric utility vehicles and gasoline powered go-karts.”
Wine concluded, “We suspected 2015 would have its share of challenges and the first quarter confirmed our suspicions. Nevertheless, we continue to see another year of solid growth and market share gains, which gives us confidence in achieving our sales and earnings guidance for the full year.”
Motorcycle sales increased 74 percent in the 2015 first quarter to $137.4 million. All three brands, Victory, Indian Motorcycle® and Slingshot, increased sales in the first quarter. Consumer retail demand for Victory and Indian Motorcycles during the 2015 first quarter, was up nearly 40 percent over last year’s first quarter, driven primarily by strong Indian Motorcycle retail sales, while first quarterNorth American industry heavyweight cruiser and touring motorcycle retail sales were up low-single digits percent from 2014. Slingshot retail sales were ahead of expectations. All three brands added to their product portfolios during the quarter with Indian Motorcycle introducing the Indian Chief Dark Horse, which is built upon the successful and award-winning Indian Chief® platform with only a flash of chrome and a heavy dose of matte black paint; Victory showcased the new Magnum X-1, a new bagger with a 200-watt, 10 speaker audio system and custom factory paint; and Slingshot adding a limited edition model packed with head-turning features, including striking Nuclear Sunset Orange coloring, dual windscreens and an interior LED lighting package. Sales of Polaris motorcycles outside of North America decreased 12 percent in the first quarter of 2015 as compared to a year ago due to the currency impact of a strengthening U.S. dollar.
Polaris Acquires Hammerhead Off-Road Vehicles Business
Polaris purchases Hammerhead who manufacure in Shanghai, China therby expanding their international manufacturing footprint and off-road products.
Polaris Industries Inc. (NYSE: PII) today announced it has signed an agreement to acquire HH Investment Limited(”Hammerhead”). Hammerhead manufactures gasoline powered go-karts, light utility vehicles, and electric utility vehicles in Shanghai, China. The Company markets its products globally under the Hammerhead Offroad®brand, along with maintaining key private label relationships with other OEMs. The transaction is expected to close within the next 90 days. The terms of the pending transaction were not disclosed.
KLIM acquired by Polaris
Polaris Industries Inc. has announced the acquisition of Teton Outfitters, LLC, a privately owned, Rigby, Idaho-based company which designs, develops and distributes KLIM Technical Riding Gear. Calendar year 2012 sales for KLIM are anticipated to approach $30 million. KLIM is an industry leader in technical riding gear. This acquisition adds KLIM to Polaris’ growing parts, garments and accessories (PG&A) business. The terms of the transaction were not disclosed.
“The KLIM acquisition provides yet another growth opportunity for our PG&A business, a key contributor to Polaris’ top-line growth and profitability,” said Steve Eastman, Polaris’ vice president of PG&A. “KLIM is an established leader in the powersports apparel market with a strong track record of providing innovative, premium technical riding gear to a broad range of consumers. Adding an outstanding brand like KLIM, whose strengths complement our existing business, gives us a more complete PG&A product lineup, one which will flourish in the global market. We are excited to welcome KLIM employees into the Polaris family. With our common culture and vision, we believe this will be a mutually beneficial partnership for everyone involved.”
Polaris will maintain the KLIM brand positioning and name while continuing to drive its existing apparel brands. KLIM will continue operations in Rigby with its current staff. Polaris has plans to establish the Rigby facility as its new apparel Center of Excellence, bringing the unmatched capabilities, expertise and knowledge housed in Rigby to all Polaris branded apparel.
“I built KLIM with a passion for the category and a commitment to the world’s adventure snowmobile and motorcycle riders,” said Justin Summers, KLIM founder, president and CEO. "We had a vision of making products that mattered, that solved problems and that were the best they could be. I am very proud of what we have built at KLIM, and I am fired up that the next chapter of the KLIM story will be written through our exciting partnership with Polaris. KLIM will now have the resources to reach the next level as we continue to innovate and lead into the future.”
KLIM is known not only for superior quality, innovation and performance, but also for its understanding of riders’ needs and devotion to addressing them in its products. This passion underscores KLIM’s culture and vision, which in many ways mirror Polaris’ own guiding principles.
KLIM was advised by The Meriwether Group.
KLIM’s Rigby facility and its business culture, are highlighted in this video:
Moncton Motorcycle Show opens Feb. 10, 2012
Here's the full details on the event:
The Atlantic Motorcycle and ATV Show will roar into Moncton, this Friday thru Sunday. This event will encompass the entire Moncton Coliseum complex and will showcase the latest products for motorcycle, ATV and off-road enthusiasts available on the market today. The nation’s leading manufacturers will be well represented and visitors will not be left disappointed.
The Atlantic Motorcycle and ATV Show is one of 7 successful, national manufacturer supported motorcycle shows from coast to coast. Owned by the Motorcycle & Moped Industry Council (MMIC) this event is the only show of its kind and caliber in Atlantic Canada. Since 2008, the event has delivered over 50,000 qualified buyers who have enjoyed the biggest and best names in motosports.
Show Manager Scott Sprague is revved up about the 2012 edition of this event. “Being a part of this huge chain of manufacturer supported shows is phenomenal. For a visitor to be able to see a booth that is the same display at the MMIC-COHV Shows in Toronto, Vancouver or elsewhere right in Moncton, the hub of the Maritimes, is fantastic and convenient for all of Atlantic Canada and beyond,” said Sprague.
The Atlantic Motorcycle and ATV Show is where Atlantic Canada RIDES and BUYS! Visitors will be shopping the show and trying that new ATV or Motorcycle on for size and discussing the purchase with their local dealer plus getting all of those tough questions answered right from manufacturer representatives. Visitors can take home awesome deals on parts & accessories, clothing and apparel and so much more. The event is also the leading venue to meet the organizers of local rallies, motorcycle and ATV clubs, destinations, anything and everything to do with the lifestyle that comes with this pastime.
Visitors can enter to win His and Hers Riding Gear compliments of Speed and Strength Gear and Toys for Big Boys. Simply fill out a ballot and it could be you!
Triumph Motorcycles have come out in a big way this year with several custom show bikes including the Tom Cruise Mi3 Scrambler, the Orange County Choppers Triumph Retro Bonneville Custom and many more. Also Triumph, in partnership with Atlantic Motoplex will be presenting Juno Award Winner, Clayton Bellamy of the Road Hammers. Clayton will appear on stage performing during ladies night and in the Triumph booth alongside THE WILD ONE.’ Sucker Punch Sally builds us a modern day BRANDO WILD CHILD, this Bird will be ridden in the release video of Clayton’s new album. See them both at the show.
This year’s highlights include the Yamaha Riding Academy for kids that will also feature ALL NEW ATV training for youth. ATV Training available upon request. In addition to that there will be Yamaha Scooter School training, especially appealing to the ladies; this will be held on Friday and Saturday evening.
And speaking of the ladies, join us on Saturday night from 5 pm – 9 pm when it’s free admission for ladies night, when a regular admission is purchased. There will be special prizes and giveaways just for women, plus our fashion show at 7 and Ladies Scooter training at 8.
The Women on Wheels Fashion Show will also be on each day so be sure to check out the terrific line up of manufacturers clothing modeled on stage from Yamaha, Honda, Harley Davidson, KTM, Victory, Ducati, Suzuki, Triumph and BMW.
And join world rider, Rene Cormier, as he talks passionately about his moto-adventures through Africa and beyond. Meeting him is an adventure YOU won’t want to miss. Also, visitors can check out the all new show and shine featuring local motorcycles. Proceeds to benefit the Bernice McNaughton Bike Club.
Join special guests from River Glade Speedway, as they celebrate 35 years and showcase some of the hottest bikes from the 70s right there on display including a slide show of racing at the track from past and present. The bikes that will have on display for comparison purposes are a 1977 Cr-125 Honda, a 1987 CR-125 Honda as well as a 1997 CR-125 Honda. There will also be a 1979 Can-Am MX-5 250. These Honda's will illustrate the many changes the bikes have undergone over the years. Although 125's are no longer made for the most part, as the 250 4-stroke took over that class of racing we will most likely have a four stoke on hand as well to show further enhancements. These bikes will show the progression from air cooled to liquid engines, from drum brakes to disc brakes, steel frames to aluminum frames and from four inches of suspension travel to twelve. Also, horse power more than doubled over the years!