Polaris Industries Completes Acquisition of Global Electric Motorcars
) Announced today that it has closed the previously announced acquisition of Global Electric Motorcars (GEM), a wholly owned subsidiary of Chrysler Group LLC and manufacturer of electric vehicles.About Polaris
With annual 2010 sales of $1.99 billion, Polaris designs, engineers, manufactures and markets innovative, high quality off-road vehicles (ORVs), including all-terrain vehicles (ATVs) and the Polaris RANGER ® for recreational and utility use, snowmobiles, motorcycles and on-road electric powered vehicles.
Polaris is a recognized leader in the powersports industry, among the global sales leaders for both snowmobiles and ORVs. The Company has established a presence in the heavyweight cruiser and touring motorcycle market with Victory motorcycles and the acquisition of the Indian motorcycle brand. Additionally, Polaris continues to invest in the Global on-road low speed vehicle industry with internally developed vehicles and the acquisition of Global Electric Motorcars (GEM). Polaris enhances the riding experience with a complete line of Pure Polaris apparel, accessories and parts, available at Polaris dealerships.
Polaris Industries Inc. trades on the New York Stock Exchange under the symbol “PII”, and the Company is included in the S&P Mid-Cap 400 stock price index.
Global Electric Motorcar - News
MINNEAPOLIS, MN – June 27, 2011 – (Motor Sports Newswire) – Polaris Industries Inc. (NYSE:PII) announced today that it has closed the previously announced acquisition of Global Electric Motorcars (GEM), a wholly owned subsidiary of Chrysler Group LLC
Polaris Industries says it will close the Global Electric Motorcars operation in Fargo, ND, and move production to Spirit Lake, where the Medina, Minn.-based company produces motorcycles and all-terrain vehicles. Other GEM operations are expected to
“I recently, inspired by $4 a gallon gasoline, went out and purchased a Global Electric Motorcar,” Easlick told the council, saying the vehicle looks like a golf cart and runs on six 12-volt batteries. “If you get the battery below 50 percent,
The base's goal is to have 95% of alternative fuel vehicles in the fleet and that is why they have 147 GEM, or Global Electric Motorcars in their fleet that use alternative energy sources such as solar power, electric power, compressed natural gas,
GEM stands for Global Electric Motorcars LLC, and this striking American-made plug-in electric car - it looks like the bubble-shaped cockpit of a small helicopter without the rotors - has been with the Marrinans since they were living in Bay City,
Say Anything » Another Economic Development Failure: Global ...
General Electric Motorcars is a manufacturer of electric cars (read: glorified golf cars) in Fargo, ND that has been heavily subsidized by the state and the federal government. Just doing some quick searching, in 2000 the company received a five year exemption from income taxes. The type of electric cars the company produces, NEV’s or Neighborhood Electric Vehicles, were eligible for a $2,500 tax credit under the “stimulus” spending bill. GEM was also part of former Senator Byron Dorgan’s much-hyped Red River Valley Research Corridor , which filters federal “research” dollars (read: pork) through North Dakota’s universities and to companies like GEM.
The company was politically well-connected. In 2008, Governor John Hoeven awarded GEM North Dakota’s “Exporter of the Year” award . GEM’s cars were used in 2009 at President Obama’s “Green Inaugural Ball.” And it was pretty clear that when Senator Byron Dorgan got behind billions of dollars of funding for batter research in the waning days of his term in office, he had an eye toward some of that money being targeted at GEM.
“From the Governor and our U.S. Congressmen to the local mayor, we get outstanding support on every level in this state,” said Rick Kasper of GEM in 2008 .
Now, the company (once owned by Chrysler and currently owned by snowmobile and ATV manufacturer Polaris) is being dissolved, with elements of its current manufacturing being moved to other states.
Millions in state and federal tax dollars down the drain. Another “victory” for North Dakota’s government-run economic development.
Global Electric Motorcar - Bookshelf
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In France, electric cars are popular enough to inspire plans for models from ... www.electricdrive.org Global Electric Motorcars, www.gemcar.com Tesla ...Transportation land-use planning, and air quality, proceedings of the 2007 Transportation Land-Use Planning, and Air Quality Conference : July 9-11, 2007, Orlando, Florida
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Global Electric Motorcars (GEM)
Manufactures low-speed vehicles (LSV) for non-polluting transportation on public streets and turf. Features prices and dealer locator. A DaimlerChrysler company.
GoAutoElectric.com - GEM Cars, Gem Electric Car, Gem Electric ...
GEM cars are classified as low speed vehicles (LSV), or neighborhood electric vehicles (NEV), and are street legal in nearly all 50 states on public roads posted at ...
Global Electric Motorcars - Wikipedia, the free encyclopedia
Global Electric Motorcars (GEM), a wholly owned subsidiary of ... Global Electric Motorcars manufactured its first vehicle in April 1998, a 48 ...
<title>Global Electric Motorcars
GEM of Fargo sells new and used low speed electric cars. They are run on batteries. ... GEM of Fargo is an authorized dealer for Global Electric Motorcars, LLC ...
Navistar
This class 2c-3 electric truck has an approximate range of 100 miles per charge, ... interested in receiving additional information about Navistar's electric truck. ...