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Polaris Industries Inc. stock price
Polaris Industries Inc. latest news:
Polaris recalls ATVs for crash hazard less than a month after a recall for fire hazard
Polaris Industries Inc. said Tuesday it was recalling 2,800 Scrambler XP 1000 all-terrain vehicles, model years 2014 through 2017, for a "crash hazard." The company said the recall notice comes after it received nine reports of the throttle release switch failing, including two "minor injuries." The ATVs in question were made in the U.S. by Polaris, and sold at Polaris dealers nationwide from April 2013 through June 2017 for about $13,300. This recall comes just three weeks after the company recalled 25,600 Sportsman 570 ATVs after reports of fuel leaks and fires. Polaris's stock fell 0.5% in midday trade. It has gained 8.0% year to date, while the S&P 500 has climbed 11%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Polaris recalls tens of thousands of ATVs after reports of fire, fuel leaks
Recreational vehicles company Polaris Industries Inc. recalled about 25,600 all-terrain vehicles (ATVs) after reports of fuel leaks and fires. The recall involves 2014 Sportsman 570 model ATVs sold from April 2014 through May 2017 for $6,500 to $7,700 in several colors, which were made by Polaris in the U.S., according to the Consumer Product Safety Commission. The recall follows 30 reports of fuel leaks and four incidents involving a fire, although no injuries had been reported. "Consumers should immediately stop using the recalled ATVs and contact Polaris to schedule a free repair," the company said in a statement. "Polaris is contacting all known purchasers directly." The stock, which was up 1.2% in afternoon trade, has rallied 12.9% year to date, while the S&P 500 has gained 10.4%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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