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BRIEFS
AFT announced that Insta360 is once again serving as the Official Action Camera of Progressive AFT this season . " Insta360 ' s spirit of accomplishing the impossible has empowered Progressive AFT to showcase its truly stunning nature in ways never before possible . Throughout the partnership , Insta360 action cameras have been mounted on the athletes ' race bikes , providing fans an otherwise unobtainable perspective ."
According to an SEC Form 8K filed July 21 , after 21 years of service , Bryan Niketh has left his role at H-D as Sr . VP of Product and Operations for a new opportunity . His former role is being split and moved under two new roles . His former design and engineering responsibilities will be assumed by Glen Koval , VP of Engineering , in the newly created role of VP Motorcycle Development . Additionally , a new position will be created to lead Motorcycle Operations , which includes Manufacturing , Supply Chain and Logistics . Pat Slaats , VP of Manufacturing , will lead this team on an interim basis until the new role is filled .
Indian has recalled certain 2019-2020 FTR 1200 , FTR 1200 S , and FTR 1200 Rally motorcycles due to a possible coolant junction leak that could allow hot coolant to leak onto the rider and rear tire .
Describing itself as the " first allelectric , off-road powersports company ," Austin , TX . based Volcon E-Powersports ( of ' Grunt ' fame - NASDAQ : VLCN ) has implemented a " comprehensive program and manufacturing transition aimed at efforts to improve profitability and cash flow ," closing its manufacturing operations in Round Rock , Texas , merging its logistics and storage operations into a single location and reducing storage and fulfillment costs . To improve product margins , the company has entered into a contract manufacturing agreement with GLV Ventures , who will now produce the Grunt and the Stag - the all-electric UTV launched by Volcon in July 2022 .
Started as a ' New Gen ' ' moto-fest ' at Biarritz in SW France , Wheels And Waves is to drop anchor for its first Italian event - Lido Di Camaiore ( Tuscany - October 7-9 ), a 1930s seaside town that is known as the birthplace of surfing in Italy . The organizers are promising a race-rich , culturally diverse 3-day multi-sports and multi-experiences event , including a beach-based second edition The Race Of The Lords ( TROTL ).
<<< Continued from page 64 pricing and unit volume . Segment gross profit margin performance was driven by better product mix offsetting higher input costs and supply chain constraints . CEO Mike Speetzen was quoted as saying that " while we are closely watching a number of demand indicators to understand the resilience of the consumer in this environment , we continue to see a healthy consumer and stable demand . " In the quarter , some easing of logistics complexities , commodity costs , and certain supply chain bottlenecks helped to support sequential margin improvement and increased shipment volume . " While this trend is expected to continue in the back half of the year , we remain diligent and prepared to respond if headwinds materialize . Our
In what is thought to be the largest ( and one of the first ) deals of its kind since Harley relaxed its policy on private equity store ownership , Adam Smith has sold his Calculated Risk group of Texas Harley dealerships to Michigan based Navigant Oak , LLC . The deal includes Texas Harley , the largest H-D store in Texas . The structure of the sale allows Smith to retain 20 % ownership of all the dealerships as well as a seat on the board of directors . The new holding company for all the stores will operate as Navigant Motor Group . The Calculated Risk dealerships purchased include Smith ' s flagship Texas Harley-Davidson in Bedford , Texoma Harley-Davidson in Sherman , Lumberjack Harley-Davidson in Nacogdoches , Roughneck Harley- Davidson in Longview , H-D Waco and Texarkana Harley-Davidson . It also includes Lucky Penny Cycles in Bedford and Houston , which specialize in preowned motorcycles . Smith , 48 , opened his first Harley- Davidson dealership in Grand Prairie , Texas , in 1996 , making him the youngest person to own and operate a Harley-Davidson dealership at the age of 22 . In 2017 , Smith opened Texas ' largest Harley-Davidson dealership . Texas Harley-Davidson is 72,000 square feet , sits on six acres and has two showrooms . Smith served as the 2018 Harley- Davidson Dealer Advisory Council president , representing the
CEO Mike Speetzen : " In the quarter we saw some easing of logistics complexities , commodity costs , and certain supply chain bottlenecks helped to support sequential margin improvement and increased shipment volume ."
focused strategy of being the leading player in powersports , coupled with the significant opportunity to get back to optimal dealer inventory levels , gives us confidence in our ability to
approximately 675 Harley-Davidson dealers across the nation . His dealerships have also earned multiple coveted Bar & Shield awards from Harley-Davidson . The sale to Navigant Oak represents one of the first dealership acquisitions by a financial buyer in the Harley- Davidson arena . The parent company has typically prevented family offices and private equity investors from acquiring dealership franchises . Recently Harley-Davidson has relaxed ownership restrictions to facilitate growth . drive continued performance for Polaris and value creation for our shareholders ." The Company has updated its 2022 guidance expectations to reflect the divestiture of TAP early in the third quarter . The Company now expects 2022 sales to increase in the range 13 to 16 % versus prior guidance of 12 to 15 %. Corporate gross profit margin was 23 % ( -3.03 % YOY ); at $ 281.5m total operating expenses in peak season were down by -3 % ( largely due to lower sales and marketing spend ). Diluted EPS ( Earnings Per Share ) were $ 2.34 , which is down by -5 % YOY - generally not a good signal to be sending to Wall Street , but Polaris shares have been performing well in the weeks prior to the earnings release , bucking trend , and initial investor reaction remained positive .
Calculated Risk Dealership Group sold to A ' Family Office ' Private Holding Company
Adam Smith opened his first Harley dealership in 1996 at the age of 22 .
The sale of the $ 100m in sales Calculated Risk Group includes Texas H-D , the largest Harley dealership in Texas .
Navigant Oak ( NavOak ) is a private holding company for ex Cummins man Greg Boll ' s family-owned portfolio of businesses and investments . Navigant Oak currently has holdings in several industries including aerospace , HVAC , real estate , transportation , retail , industrial equipment , power generation , business services and automotive supply . Businesses owned include Cummins Bridgeway LLC , an exclusive distributor for Cummins , Inc . " Navigant Oak was the best cultural fit for Calculated Risk and I appreciate that they are a family company ," said Smith . " I ' ve been in this business 31 years - that ' s a lot of friends and motorcycles and rides . I started with one 6,000 sq ft store with six team members and grew to eight locations with more than $ 100m in annual revenue . I accomplished what I set out to accomplish in this industry . This is the right partner and the right time for me to find out what might be next in life for me and to take a back seat for once ."
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