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BMW Motorrad presents the Navigator VI

BMW Motorrad presents the new Navigator VI, available from March 2017 alongside the existing Navigator V, comprising a new navigation system with numerous innovative features in addition to further enhanced functionality. The new system retains the same external dimensions as before, as well as the 5"display, which, thanks to the inclusion of a circular polarisation filter, now benefits from enhanced readability, particularly in strong and direct sunlight.


Munich. BMW Motorrad presents the new Navigator VI, available from March 2017 alongside the existing Navigator V, comprising a new navigation system with numerous innovative features in addition to further enhanced functionality. The new system retains the same external dimensions as before, as well as the 5" display, which, thanks to the inclusion of a circular polarisation filter, now benefits from enhanced readability, particularly in strong and even direct sunlight.

Not only has the internal storage capacity been increased from 8 GB to 16 GB (for the EU/US; the device with no preinstalled maps still has 4 GB), but the new Navigator VI now offers the "Winding roads" route option for avoiding built-up areas, providing the roads and conditions allow. Another new feature available for computing routes is "Avoid main roads". Used in conjunction with the existing "Avoid motorways" function, selecting the most suitable roads for motorcycling is now even better. The "Round Trip" function configures trips based on time, distance or interim destination, offering one more new way of creating a highly individual and intensive motorcycling experience. With the "Natural Guidance" function, navigation instructions also provide precise descriptions of the surroundings.

The new "Music Streaming" feature, which works in conjunction with Bluetooth, makes it possible to listen to music stored on a smartphone. Even compatible action cams can be controlled directly through the Navigator VI. The comfortable and intuitive operation of all the controls that are typically needed while riding can be model-specifically enabled using either the four-button mount cradle or the multi-controller on the handlebars. Additional functions such as the "My Motorcycle" pages as well as warning and status messages are available in conjunction with the navigation preparation. Traffic congestion and weather reports can be displayed in real time using the optional Garmin Smartphone Link App. With all future updates of preinstalled map data available free of charge plus an optional car installation kit, the new BMW Motorrad Navigator VI is the perfect companion for people on the road.




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Carlo Paladino Inducted in Canadian Motorcycle Hall of Fame

MOTORCYCLING LEGENDS AND CHAMPIONS TO BE HONOURED AT ELEVENTH ANNUAL CANADIAN MOTORCYCLE HALL OF FAME INDUCTION BANQUET AND REUNION


Toronto ON – January 25, 2016 – The Board of Directors of the Canadian Motorcycle Hall of Fame is pleased to announce the third member of the Class of 2016. Carlo Paladino will be honoured at the 11th annual Induction Banquet and Reunion which takes place February 25, 2017 at the Sheraton Montreal Airport Hotel in Montreal, Quebec.

Carlo Paladino charged onto Canadian shores in the summer of 1963 like a blast of wind from across the Mediterranean. What brought him here is a love story. His sweetheart emigrated in 1961 but Carlo was bound by two years of military service. He finally arrived in 1963 and he and Maria were married shortly after.



Carlo had a dream of owning his own business and envisaged a national operation. Starting from scratch, and with a bank loan guaranteed by the equity in his home, he kept stock in his basement and delivered goods in a rusty old truck, keeping up a brutal schedule, starting early and working late. Today Motovan operates out of Quebec, Edmonton and London and employs 200 people across Canada as well as facilities in the U.S.A.

Since the beginning Motovan has been a generous supporter of motorcycle sport in Canada with financial contributions, donation of product and linkage of riders with product suppliers worldwide. Carlo helped sponsor Yvon, Mario and Miguel Duhamel in both motocross and road racing since the early 1980s and contributed clothing and helmets to Jean-Sebastien Roy since the days JSR was a junior rider. Others include Marco Dubé, Guy Giroux, Steve Crevier, Pascal Picotte and Jordan Szoke. In the past 15 years alone Motovan has contributed more than $5 million worth of product at wholesale value to amateur and pro racers well as $2 million toward race series and other organized events.

“Carlo Paladino’s activities in the motorcycle community make him a perfect candidate for the Canadian Motorcycle Hall of Fame. His legendary enthusiasm for sponsoring racers, events, and virtually anything to do with motorcycles will not be forgotten. The Chair of the Board and the Directors are pleased and honoured to welcome Carlo to the Class of 2016”.

Tickets for the Eleventh Annual Canadian Motorcycle Hall of Fame Induction Banquet and Reunion are available at www.canmoto.ca.
 

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Victory Motorcycle Important Announcement

POLARIS INDUSTRIES TO WIND DOWN VICTORY MOTORCYCLES OPERATIONS
STRENGTHENING ITS POSITION IN THE POWERSPORTS INDUSTRY 

MINNEAPOLIS (January 9, 2017) — Polaris Industries Inc. (NYSE: PII) today announced it will immediately begin winding down its Victory Motorcycles brand and related operations. Polaris will assist dealers in liquidating existing inventories while continuing to supply parts for a period of 10 years, along with providing service and warranty coverage to Victory dealers and owners. Today’s announcement does not affect any other Polaris business units.

“This was an incredibly difficult decision for me, my team and the Polaris Board of Directors,” said Polaris Industries Chairman and CEO Scott Wine. “Over the past 18 years, we have invested not only resources, but our hearts and souls, into forging the Victory Motorcycles brand, and we are exceptionally proud of what our team has accomplished. Since inception, our teams have designed and produced nearly 60 Victory models that have been honored with 25 of the industry’s top awards. The experience, knowledge, infrastructure and capability we’ve built in those 18 years gave us the confidence to acquire and develop the Indian Motorcycle brand, so I would like to express my gratitude to everyone associated with Victory Motorcycles and celebrate your many contributions.”

Several factors influenced today’s announcement. Victory has struggled to establish the market share needed to succeed and be profitable. The competitive pressures of a challenging motorcycle market have increased the headwinds for the brand. Given the significant additional investments required for Victory to launch new global platforms that meet changing consumer preferences, and considering the strong performance and growth potential of Indian Motorcycle, the decision to more narrowly focus Polaris’ energy and investments became quite clear.

“This decision will improve the profitability of Polaris and our global motorcycle business, and will materially improve our competitive stance in the industry,” said Scott Wine. “Our focus is on profitable growth, and in an environment of finite resources, this move allows us to optimize and align our resources behind both our premium, high performing Indian Motorcycle brand and our innovative Slingshot brand, enhancing our focus on accelerating the success of those brands. Ultimately this decision will propel the industry-leading product innovation that is core to our strategy while fostering long-term growth and increased shareholder value.”

Polaris will reduce the appropriate operating cost based on this decision, while continuing to support the future growth of the ongoing motorcycle business.  Polaris remains committed to maintaining its presence in the Spirit Lake, Iowa community with Indian Motorcycle production and in the Huntsville, Alabama community with its Slingshot production.
                                                      
Any one-time costs associated with supporting Victory dealers in selling their remaining inventory, the disposal of factory inventory, tooling, and other physical assets, and the cancellation of various supplier arrangements will be recorded in the 2017 income statement in respective sales, gross profit and operation expense. These costs will be excluded from Polaris’ provided 2017 sales and earnings guidance on a non-GAAP basis.

Polaris will release its fourth quarter and full-year 2016 financial results and provide 2017 guidance on Tuesday, January 24, 2017. A webcast and conference call will be held at 9:00 a.m. Central Time on January 24, 2017 to discuss the results. A slide presentation and link to the webcast will be posted on the Polaris Investor Relations website at  ir.polaris.com.  To listen to the conference call by phone, dial 877-706-7543 in the U.S. and Canada, or 478-219-0273 Internationally.  The Conference ID is #45015597.


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