Polaris Q3 motorcycle sales + 11 %
Polaris has reported Q3 sales + 10 % at $ 1,955m , with net income of $ 167m /$ 2.66 per diluted share . Retail demand is reported as remaining strong " benefiting company performance as both new and existing customers continued taking advantage of off-road vehicles , snowmobiles , motorcycles and boats to enjoy the outdoors while maintaining social distancing etiquette ."
The well received Indian Challenger - Q3 North American consumer retail sales for Indian Motorcycle increased in the low forty percent range
GasGas will be lining up on the Moto3 grid from 2021 . Pit Beirer , GasGas Motorsports Director , said : " We ' re really excited to introduce GasGas motorcycles into international road racing and firmly believe it will both strengthen the brand and open it up to a worldwide audience . " There is also no better place than the Moto3 World Championship , as the category represents the first step on the MotoGP ladder - it ' s the perfect proving ground when it comes to selecting and nurturing new rider talent . With the extremely successful Aspar Team managing the brand ' s arrival , we ' re really looking forward to seeing our distinctive GasGas bikes out on track at the first race of the 2021 season ." With KTM having won its first ever
Gross profit was + 22 % ( to $ 535m for Q3 ) with reported gross profit margin at 27.3 %, " primarily driven by positive product mix and lower promotional costs ." Operating expenses decreased -4 % to $ 313m - " Operating expenses were lower primarily due to the company ' s ongoing cautionary approach to spending given the pandemic-generated economic uncertainty ." Motorcycles segment sales , including PG & A , totalled $ 167m , up + 11 %, driven primarily from increased sales of Slingshot and PG & A . Gross motorcycle sector profit for Q3 was
MotoGP race this year , this represents another historic step for the KTM Group - and definitely an ambitious one ! " From Trial to Enduro and rally , to MXGP and US Supercross , and now top-flight international road racing , we ' re excited to be starting a thrilling and historic new project as we team up with Jorge Martinez and his Aspar Moto3 squad ." " Moto3 has a youthful energy about it , which fits perfectly with GasGas and partnering with the Aspar Team . We ' re a brand with a proud Spanish heritage and they are a successful Spanish team - and with Sergio Garcia and Izan Guevara we ' ll have two young , hungry up and coming Spanish riders on GasGas RC 250 GP machines ." The Aspar Team was founded by four times world champion Jorge ' Aspar '
$ 16m compared to $ 9m for 2019 Q3 . " The increase in gross profit margin was driven by a decrease in promotional costs and lower European Union retaliatory tariffs as more motorcycles were produced in the Poland manufacturing facility for the region ." North American consumer retail sales for Indian Motorcycle increased in the low-forty percent range during the third quarter of 2020 ( mid-forty percent range when Slingshot units are factored in ) in a weak mid to heavy-weight two-wheel motorcycle industry that was down low-single digits percent ( the U . S . market is stated by Polaris to have been up low-single digits percent for Q3 when three-wheel vehicles are included ). Given the continued strong retail
Martinez almost 30 years ago . The team has had 95 race victories and 304 podiums since it started racing back in 1992 . Initially finding success in the former 125 cc category , where they won four world championships
Polaris CEO Scott Wine is leaving the company to take up the CEO position at Case New Holland - the London based $ 28bn a year turnover agricultural equipment and on-highway transport vehicle manufacturer . Wine , 53 and a former U . S . Navy officer , joined Polaris 12 years ago . He steered Polaris through the 2008-2010 global financial crisis and has masterminded sales growth in that time from some $ 1.9bn to around $ 7bn last year ".
environment , the company is raising its sales and adjusted earnings guidance for the full year 2020 . Sales are now expected to be in the range of $ 6,925bn to $ 7.0bn , up two to three percent compared to 2019 adjusted sales of $ 6,783m .
GasGas to race Moto3 with Aspar
Artists impression of the planned GasGas / Aspar Moto3 race bike between 2006 and 2011 thanks to the efforts of four different riders , the team then participated in Moto3 , Moto2 and MotoGP categories before settling on Moto2 , Moto3 and MotoE from 2019 onwards .