Last year, Polaris sold its majority stake in Indian Motorcycle, the brand it revived a decade plus ago, to the private equity firm Carolwood LP. The terms of the sale were never disclosed, only that Polaris would remain a minority stakeholder, Carolwood would assume the directional management of the brand, and Polaris would help maintain operations on an interim basis while Carolwood figured out how to manage a motorcycle brand.
That line of succession has slowly been dwindling, however, with joint plants closing, operations being transferred completely to Carolwood staff, and now, according to Polaris' latest SEC filing, the closing of its Indian Motorcycle engine and motorcycle plant in Vietnam.
