Polaris Industries agrees to buy Global Electric Motorcars, Associated Press, April
o Off-road vehicle maker Polaris Industries Inc. said Monday that it has agreed to acquire
a Chrysler Group LLC subsidiary that makes electric-powered vehicles, the Associated
Press said. The agreement calls for the transaction to close within the next 60 days, AP
said. Global Electric Motorcars LLC, which is based in Fargo, N.D., was established in
1998 and had roughly $30 million in sales last year, the article said. Polaris CEO Scott
Wine said the acquisition gives Polaris a foothold in the low-emission, small vehicle
market and fits into its goal of penetrating on-road market segments that are poised for
growth, AP said.
(Chrysler Group said it has decided to focus its energies on its core automotive