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Monday 15 April 2019

News Briefs

Tucker is now distributing Sena Technologies' RideConnected products – described as "innovative motorcycle and outdoor sports communication devices, action cameras and smart helmets."

Indian Motorcycle has opened its 8th dealership in India, at Kochi, Kerala, in the south-west of the country.

Fuel Capital Group has added pre-owned Indian motorcycles to the range of brands it provides dealerships with lease finance for. Fuel is also the company behind the Chrome Capital pre-owned lease program that Harley launched last year.

Polaris Industries has increased its regular quarterly cash dividend (Q1 2019) by +2%, raising the pay-out to $0.61 per share. This increase represents the 24th consecutive year of Polaris increasing its dividend.

AMD was saddened to read that another motorcycle market magazine has ceased appearing in print. Parent company Bonnier AB has stopped printing Hot Bike (launched in 1994). It follows a series of cancellation or cut-backs to most of its other titles in recent years, including Street Chopper, Baggers, Dirt Rider, Sport Rider, ATV Rider and UTV Driver magazines. Motorcyclist and hugely respected one-time market leader Cycle World were cut from 12 to 4 issues each some time ago. Hot Bike's Hot Rod Harleys and Hot Rod Bikes had already been closed.

AMD was also saddened to hear that Dave Withrow has closed his Spearfish, South Dakota based Maverick Media L.L.C publishing operation. Originally launched as Maverick Publishing (with backing from Force Capital Partners), magazines had included American Bagger, Urban Bagger and Baddest Bagger.

Mentor, Ohio based Race Winning Brands, Inc., the subsidiary of Fort Lee, NJ based Kinderhook, has acquired the assets of CV4 – a supplier of thermal management products such as high-temp precision-fit silicone radiator hose kits, high pressure radiator caps, and fuel tank heat shields to race teams globally. CV4 will become a part of RWB's Wiseco Performance Products division.

Polaris Industries has completed its acquisition of the Larson Boat Group from the Marquis-Larson Group. The move follows up on its May 2018 acquisition of Boat Holdings from the Vogel family, whose Jake Vogel now heads up Polaris' burgeoning boats division as president. Polaris rival BRP also moved to strengthen its position in the boat market last year, adding Triton's Manitou pontoon boats brand as a second acquisition to solidify its own new Marine Group's market position. 

 Sources: AMD, IDN, FT, Reuters, PSB, MPN, B&B, BDN, MCN, AP, Bloomberg, MNW