Polaris Inc.

Polaris Inc.
FormerlyPolaris Industries Inc.
Company typePublic
IndustryMotorsports
Automotive
Defense
Founded1954; 70 years ago (1954)[1]
FoundersEdgar Hetteen
Allen Hetteen
David Johnson
Headquarters
Area served
Worldwide (except Afghanistan, Cuba, Iran, Syria, and North Korea)
Key people
Michael Speezten (CEO)
ProductsSnowmobiles
All-terrain vehicles
Motorcycles
Moto-Roadsters
Boats
Commercial vehicles
Ultra-Light Tactical Vehicles
Parts, Garments and Accessories
RevenueIncrease US$8.2 billion (2021)[2]
Increase US$709 million (2021)[2]
Increase US$573 million (2021)[2]
Total assetsIncrease US$5.0 billion (2021)[2]
Total equityIncrease US$1.224 billion (2021)[2]
Number of employees
16,000[2] (2021)
DivisionsOff-Road
On-Road
Marine
Subsidiaries
Websitepolaris.com

Polaris Inc. is an American automotive manufacturer headquartered in Medina, Minnesota, United States. Polaris was founded in Roseau, Minnesota, where it still has engineering and manufacturing facilities.[3] The company manufactured motorcycles through its Victory Motorcycles subsidiary until January 2017, and currently produces motorcycles through the Indian Motorcycle subsidiary,[3] which it purchased in April 2011.[4] Polaris produced personal watercraft from 1994 to 2004.[3] The company was originally named Polaris Industries Inc. and was renamed in 2019 to Polaris Inc.[5][1]

Robin (a subsidiary of Subaru Corporation) previously developed and supplied all-terrain vehicle (ATV) and snowmobile engines for Polaris Inc. Starting in 1995 with the Polaris Magnum 425 4-stroke ATV and in 1997, with the introduction of the "twin 700" snowmobile engine Polaris started the development and production in house of the "Liberty" line of engines, now found in many models across their current production lines. Since that time Polaris has continued to develop their in-house engine production capacity, now designing and manufacturing all of their own power plants, while maintaining the partnership with Subaru.

In 2010, Polaris relocated a portion of its utility and sport vehicle assembly to Mexico. Components are manufactured in Osceola, Wisconsin and the vehicle assembly is done in Roseau, Minnesota. The vast majority of powertrain and vehicles for the off-road line are manufactured in the Osceola and Roseau facilities, respectively. Both the Victory and Indian motorcycle brands are American made with complete powertrains and vehicle assembly located in Osceola, Wisconsin, and Spirit Lake, Iowa, respectively.

  1. ^ a b "History Timeline". Polaris. Retrieved 10 October 2019.
  2. ^ a b c d e f "2019 Form 10-K, Polaris Industries Inc". United States Securities and Exchange Commission.
  3. ^ a b c Dapper, Michael (April 2018). Victory Motorcycles 1998-2017 : the complete history of an American original. Klancher, Lee, 1966-. [tAustin, TX]. ISBN 9781937747930. OCLC 1002128369.{{cite book}}: CS1 maint: location missing publisher (link)
  4. ^ Shunk, Chris (20 April 2011). "Polaris purchases Indian Motorcycles, will complement Victory brand". AOL, Inc. Retrieved 26 October 2011.
  5. ^ Polaris Inc. (29 July 2019). Form 8-K - Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year (Report). United States Securities and Exchange Commission. 0001157523-19-001610. Retrieved 10 October 2019.