Polaris Buying Global Electric Motorcars

FARGO, N.D. (AP) — A Minnesota-based maker of leisure vehicles is buying Fargo-based Global Electric Motorcars.

GEM is a subsidiary of Chrysler Group LLC that makes electric-powered vehicles. The company is being sold to Polaris Industries Inc. Financial terms were not disclosed.

GEM has put more than 45,000 electric vehicles on the road since it was established in 1998. It had about $30 million in sales last year.

The sale to Polaris is to close in the next 60 days. Polaris, based in Medina, Minn., makes snowmobiles, all-terrain vehicles and motorcycles.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

One Comment

  1. Richard in Minneapolis says:

    I owned a GEM when I lived in California. Great car and a lot of fun to drive.

  2. Greg Laden says:

    Good for Polaris. Will this eventually mean more local jobs?

    1. fred says:

      YEAH….IN MEXICO

  3. mary says:

    please move into ford building in highland park

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