Powersports

Automotive and Credit Industry Veteran, Curtis Knievel, Joins Informativ

Retrieved on: 
Wednesday, January 17, 2024

FRISCO, Texas, Jan. 17, 2024 /PRNewswire/ -- Informativ ("Informativ" or the "Company"), a provider of credit-focused lead enrichment, credit report and compliance solutions to automotive dealers, lenders, and other end markets, today announced that Curtis Knievel has joined the Company as Vice President of Business Development. Knievel has decades of experience building credit-focused businesses in the automotive and financial services industries.

Key Points: 
  • FRISCO, Texas, Jan. 17, 2024 /PRNewswire/ -- Informativ ("Informativ" or the "Company"), a provider of credit-focused lead enrichment, credit report and compliance solutions to automotive dealers, lenders, and other end markets, today announced that Curtis Knievel has joined the Company as Vice President of Business Development.
  • Knievel was also a founding partner of one of the companies that provides credit reports to automotive dealers and other adjacent industries.
  • "Curtis's extensive experience building strategic relationships and his wide network of contacts within the automotive industry perfectly support Informativ's goals for growth and success," said David Carner, Chief Executive Officer at Informativ.
  • "By bringing together the credit, compliance, and lead generation technologies of Credit Bureau Connection, Dealer Safeguard Solutions, and CreditDriver, Informativ has created a unique solution for dealers not offered by any other provider in the automotive industry," said Knievel.

Taiga positions itself as a leader in snowmobile fleet electrification in Sweden

Retrieved on: 
Wednesday, December 20, 2023

SÄLEN, Sweden, Dec. 20, 2023 /PRNewswire/ - Taiga Motors Corporation (TSX: TAIG) ("Taiga" or the "Company"), the global leader in the electrification of powersports is increasing its presence at Swedish ski resorts.

Key Points: 
  • SÄLEN, Sweden, Dec. 20, 2023 /PRNewswire/ - Taiga Motors Corporation (TSX: TAIG) ("Taiga" or the "Company"), the global leader in the electrification of powersports is increasing its presence at Swedish ski resorts.
  • Sweden represents a huge winter sports market and Swedish customers are known for their high level of environmental awareness.
  • Now, the company is thrilled to be expanding its fleet as part of its goal to have a net-zero climate impact by 2030.
  • The perfect sport-utility snowmobile with quiet, emission-free operations
    Nomad, the world's first mass-produced 100% electric snowmobile is a game-changer for mountain operations and ski resorts.

EFG Companies Launches Two New Marine Protection Products, and an Enhanced Powersports GAP Program

Retrieved on: 
Tuesday, November 28, 2023

As part of the company’s continued growth and commitment to the powersports space, EFG Companies announced the expansion of its marine product suite and a new GAP program.

Key Points: 
  • As part of the company’s continued growth and commitment to the powersports space, EFG Companies announced the expansion of its marine product suite and a new GAP program.
  • The products, combined with EFG’s nationally award-winning engagement model, increase dealership back-end margins in the face of decreasing consumer affordability.
  • View the full release here: https://www.businesswire.com/news/home/20231128443622/en/
    EFG Companies new marine and powersports protection products increase dealership back-end margins while giving consumers added confidence despite expensive repairs and uncertain economic times.
  • For more information, visit https://bit.ly/3QMOJm2
    EFG is extending its award-winning consumer debt protection product to the marine market.

RumbleOn Reports Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, November 7, 2023

Total stock-based compensation was $3.1 million compared to $4.9 million in the prior quarter.

Key Points: 
  • Total stock-based compensation was $3.1 million compared to $4.9 million in the prior quarter.
  • As of September 30, 2023, RumbleOn had 16,735,391 total shares of Class B common stock and 50,000 shares of Class A common stock outstanding.
  • RumbleOn is reaffirming its outlook for the full year 2023 and full year 2024:
    The full year 2023 Outlook is as follows:
    Total Powersports and Transportation Revenue of $1.38 billion to $1.48 billion.
  • Unless otherwise noted, all comparisons are on a sequential basis for the three months ended September 30, 2023, as compared to the three months ended June 30, 2023.

RumbleOn Appoints Michael Kennedy as Chief Executive Officer

Retrieved on: 
Friday, October 20, 2023

RumbleOn, Inc. (NASDAQ: RMBL) (the "Company" or "RumbleOn"), the largest powersports retailer in North America, today announced that Michael “Mike” Kennedy has been appointed Chief Executive Officer effective November 1, 2023.

Key Points: 
  • RumbleOn, Inc. (NASDAQ: RMBL) (the "Company" or "RumbleOn"), the largest powersports retailer in North America, today announced that Michael “Mike” Kennedy has been appointed Chief Executive Officer effective November 1, 2023.
  • Mr. Kennedy succeeds Mark Tkach, who has served as Interim Chief Executive Officer since June 2023.
  • “We are very excited to welcome Mike Kennedy as our CEO,” said Steve Pully, Executive Chairman of the RumbleOn Board of Directors.
  • I’m extremely optimistic and excited about the opportunity to lead RumbleOn as its Chief Executive Officer and will continue the positive change that the current board and management have started.

RumbleOn Reports Second Quarter 2023 Financial Results

Retrieved on: 
Wednesday, August 9, 2023

Total stock-based compensation was $4.9 million up from $2.1 million in the prior quarter.

Key Points: 
  • Total stock-based compensation was $4.9 million up from $2.1 million in the prior quarter.
  • If expenses related to key one-time occurrences were excluded, second quarter Operating Expenses would have remained flat sequentially while revenue increased $48.3 million.
  • As of June 30, 2023, RumbleOn had 16,565,389 total shares of Class B common stock, and 50,000 shares of Class A common stock outstanding.
  • Unless otherwise noted, all comparisons are on a sequential basis for the three months ended June 30, 2023, as compared to the three months ended March 31, 2023.

EFG Companies Grows Leadership Ranks Expanding Client F&I Revenue Generation and Wealth Creation

Retrieved on: 
Tuesday, August 8, 2023

EFG Companies has expanded its leadership team reflecting growth opportunities in powersports, dealership training, and profit participation programs.

Key Points: 
  • EFG Companies has expanded its leadership team reflecting growth opportunities in powersports, dealership training, and profit participation programs.
  • View the full release here: https://www.businesswire.com/news/home/20230808649267/en/
    EFG Companies has expanded its leadership team reflecting growth opportunities in powersports, dealership training, and profit participation programs.
  • (Photo: Business Wire)
    Areej Duval brings 24 years of reinsurance, financial operations, insurance, accounting, and auditing experience to her position as Vice President of Reinsurance at EFG Companies.
  • Areej also coordinates the funding of the EFG Insurance trust, financial statements, and the company’s year-end audit.

Global Powersports Market to 2030: Players Include Kawasaki Heavy Industries, Yamaha Motor, BRP, Arctic Cat and KTM - ResearchAndMarkets.com

Retrieved on: 
Tuesday, July 11, 2023

The global powersports market includes various vehicles such as ATVs, snowmobiles, personal watercraft, and motorcycles.

Key Points: 
  • The global powersports market includes various vehicles such as ATVs, snowmobiles, personal watercraft, and motorcycles.
  • The market is driven by factors such as increasing disposable incomes, recreational activities, and the growing popularity of powersports vehicles.
  • The market is highly competitive, with players focusing on innovation and product differentiation to gain a competitive advantage.
  • Consequently, the proliferation of product accessories will likely result in higher profitability for OEMs, which will positively impact the expansion of the powersports market.

Ed Morse Automotive Group Acquires Harley-Davidson and Powersports Dealerships in Grand Junction, Colorado

Retrieved on: 
Tuesday, June 6, 2023

DELRAY BEACH, Fla., June 6, 2023 /PRNewswire/ -- The Ed Morse Automotive Group announced today it has acquired two dealerships in Colorado, Grand Junction Harley-Davidson and Grand Junction Powersports.

Key Points: 
  • DELRAY BEACH, Fla., June 6, 2023 /PRNewswire/ -- The Ed Morse Automotive Group announced today it has acquired two dealerships in Colorado, Grand Junction Harley-Davidson and Grand Junction Powersports.
  • Ed Morse Automotive Group will rebrand the locations into:
    These acquisitions add to the company's increasing Harley-Davidson and Powersports footprint across the country, joining prominent locations in Daytona, Austin, San Antonio, Beaumont, and St. Robert.
  • These well-established dealerships have a loyal following of passionate on-road and off-road enthusiasts, and we look forward to supporting the incredible staff there and delivering world-class customer service," said Teddy Morse, Chairman and CEO of Ed Morse Automotive Group.
  • The Ed Morse Automotive Group is headquartered in Delray Beach, Florida, and has been family-owned for over 75 years.

BRP ANNOUNCES LEADERSHIP CHANGE IN ITS MARINE GROUP

Retrieved on: 
Monday, June 5, 2023

VALCOURT, QC, June 5, 2023 /PRNewswire/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO) is proud to announce that long-standing BRP executive Bernard Guy is appointed to the position of President, Marine Group, effective today.

Key Points: 
  • VALCOURT, QC, June 5, 2023 /PRNewswire/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO) is proud to announce that long-standing BRP executive Bernard Guy is appointed to the position of President, Marine Group, effective today.
  • Guy also keeps his current leadership responsibilities for global product strategy for both the Powersports and Marine groups.
  • Karim Donnez, President of the Marine Group, is leaving BRP to take on new professional challenges.
  • "I am pleased to appoint Bernard Guy as President of our Marine Group," said José Boisjoli, President and CEO of BRP.