In case anyone is thinking of one ... so you don't get burned.
Close
         
Page 1 of 3 1 2 3 LastLast
Results 1 to 10 of 21
Like Tree10Likes

Thread: In case anyone is thinking of one ... so you don't get burned.

  1. #1
    Senior Member DavidfromWisconsin's Avatar
    Join Date
    Aug 2010
    Location
    Appleton, WI
    Posts
    3,304

    In case anyone is thinking of one ... so you don't get burned.

    I'd hate to have bought one of these and then find out. Now they will concentrate on going against just Harley.



    1/9/2017 12:00:00 AM

    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.

    Click here for additional information related to this release.

    About Polaris
    Polaris Industries Inc. (NYSE: PII) is a global powersports leader with annual 2015 sales of $4.7 billion. Polaris fuels the passion of riders, workers and outdoor enthusiasts with our RANGER®, RZR® and POLARIS GENERAL side-by-side off-road vehicles; our SPORTSMAN® and POLARIS ACE® all-terrain off-road vehicles; INDIAN MOTORCYCLE® midsize and heavyweight motorcycles; SLINGSHOT® moto-roadsters; and Polaris RMK®, INDY®, SWITCHBACK® and RUSH® snowmobiles. Polaris enhances the riding experience with parts, garments and accessories sold under multiple recognizable brands, and has a growing presence globally in adjacent markets with products including military and commercial off-road vehicles, quadricycles, and electric vehicles. Please visitwww.polaris.com.
    # # #
    Except for historical information contained herein, the matters set forth in this news release, including management's expectations regarding expected disposition charges and future investments, are forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ materially from those forward-looking statements. Potential risks and uncertainties include such factors as product offerings, promotional activities and pricing strategies by competitors; costs of canceling supplier arrangements; warranty expenses; foreign currency exchange rate fluctuations; environmental and product safety regulatory activity; effects of weather; uninsured product liability claims; and overall economic conditions, including inflation and consumer confidence and spending. Investors are also directed to consider other risks and uncertainties discussed in documents filed by the company with the Securities and Exchange Commission.
    Formerly David from Wisconsin
    Formerly R80Dave
    GL500I "Candy"
    BMW K1200LT
    Kawasaki 400LTD (Wife's learning bike)
    Mentoring is available

  2. #2
    Senior Member
    Join Date
    Feb 2015
    Location
    Brick NJ
    Posts
    380
    Who well. Harley may not be the best, but you can get support for one made in 1903. New parts, sheer numbers of used parts, hundreds of clubs, tens of thousands of riders, catalog warehouses, and thousands of mechanics make Harley an easy decision.
    Nothing sounds like a Harley.
    Good luck with the Victory future. Maybe someone will pick up the line.
    glrider likes this.

  3. #3
    Senior Member DavidfromWisconsin's Avatar
    Join Date
    Aug 2010
    Location
    Appleton, WI
    Posts
    3,304
    Quote Originally Posted by FATBOY View Post
    Who well. Harley may not be the best, but you can get support for one made in 1903. New parts, sheer numbers of used parts, hundreds of clubs, tens of thousands of riders, catalog warehouses, and thousands of mechanics make Harley an easy decision.
    Nothing sounds like a Harley.
    Good luck with the Victory future. Maybe someone will pick up the line.
    The only thing is with Harley you tend to get 1903 technology with your new bike. Other than that, you can't get Harley's 1903 carb, unless you know what soup they ate back then, as the carb was made from a soup can.
    Pim205GTI likes this.
    Formerly David from Wisconsin
    Formerly R80Dave
    GL500I "Candy"
    BMW K1200LT
    Kawasaki 400LTD (Wife's learning bike)
    Mentoring is available

  4. Remove Advertisements
    CX500Forum.com
    Advertisements
     

  5. #4
    Senior Member Thumper's Avatar
    Join Date
    Mar 2012
    Location
    Eden Prairie, Minnesota
    Posts
    2,336
    I think design killed Victory.
    rscottp likes this.
    Riding season ending, heated garage season beginning.

    Current: '03 Kawasaki ZZR1200, '84 Kawasaki GPZ900R, '84 VF500F Interceptor, '83 GL650I, '81 CX500C, '82 GL500I project, '81 CX500C basket case, '79 CB750LTD, '85 CB700SC, '01 Kawasaki ZRX1200R, '72 Yamaha G7S

  6. #5
    Senior Member
    Join Date
    Oct 2011
    Posts
    4,394
    Its very simple. Victory never penetrated the market. Sales didn't create margin to make the profits and cost obligations.

    It all comes down to cash.

    Closed.

    I doubt if anyone will buy it.

  7. #6
    Senior Member Old Okie's Avatar
    Join Date
    Aug 2010
    Location
    Okarche, OK
    Posts
    1,735
    I have known two Victory owners and both not satisfied with the bike.
    Polaris will probably screw up Indian now.
    1979 CX500C (Marshall's bike)

    1981 Yamaha XS650 (New Adventure)

    1979 Honda CB400T II (Rescued Bike)

    1972 Suzuki RV90(for the grandkids)Ole Smokey

  8. #7
    Senior Member Thumper's Avatar
    Join Date
    Mar 2012
    Location
    Eden Prairie, Minnesota
    Posts
    2,336
    I mean, they look like Airstream trailers.
    Riding season ending, heated garage season beginning.

    Current: '03 Kawasaki ZZR1200, '84 Kawasaki GPZ900R, '84 VF500F Interceptor, '83 GL650I, '81 CX500C, '82 GL500I project, '81 CX500C basket case, '79 CB750LTD, '85 CB700SC, '01 Kawasaki ZRX1200R, '72 Yamaha G7S

  9. #8
    Administrator ChopperCharles's Avatar
    Join Date
    Jul 2010
    Posts
    1,057
    Once they picked up Indian, they should have redesigned Victory motorcycles to sell accessable, inexpensive budget bikes. They had two motorcycle brands that basically competed with each other. One had to go.

    Charles.
    Visit my Blog: Modified Motorcycles By ChopperCharles at http://choppercharles.com

  10. #9
    Senior Member CX-Viking's Avatar
    Join Date
    Feb 2011
    Location
    TN
    Posts
    1,235
    The 2016 Empulse TT electric motorcycle is on sale here now for $5,999 (MSRP $19,999)
    At that price I starting to get interested. Rode a few electric bikes and they are a blast. And the Brammo motor is a tank and batteries had a 5 yr warranty so maybe not too bad since little else can go wrong.
    Price gets any lower and I'll have to seriously consider it
    1980 CX500
    1981 CX500
    1978 CX500
    2014 CB500X
    1970 S90Z (from Indonesia)
    1983 Honda MB5
    1974 Jawa CZ175
    1968 Allstate SR175
    1974 Harley SX125
    Harley X90
    Triumph T25T









    On a bike, no one ever asks "Are we there yet?".

  11. #10
    Senior Member
    Join Date
    Oct 2011
    Posts
    4,394
    ahhh.....the Prius of motorcycling.

    So, how would you comply with the "Loud Pipes Save Lives" mythconception on an electric?
    CX-Viking and ramprat06 like this.

Page 1 of 3 1 2 3 LastLast

Sponsored Links

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Similar Threads

  1. Thinking of getting one of these
    By ttzboy in forum General Discussion
    Replies: 11
    Last Post: 06-25-2015, 10:52 AM
  2. Replies: 2
    Last Post: 11-30-2014, 11:30 PM
  3. flasher relay burned out
    By technodrive in forum Technical Help Forum
    Replies: 5
    Last Post: 03-28-2013, 08:43 PM
  4. burned!
    By Thumper in forum Off-Topic Posts
    Replies: 7
    Last Post: 11-19-2012, 01:56 PM
  5. Top case (tail case) hard luggage
    By Plastic Maggot in forum General Discussion
    Replies: 1
    Last Post: 02-03-2012, 12:04 AM