The Minneapolis St. Paul Business Journal reports Polaris is acquiring French electric utility vehicle maker Groupil for an undisclosed amount of money. Earlier this year, Polaris bought Fargo, N.D.-based Global Electric Motorcars.
Polaris betting on small, electric vehicles
Polaris Industries Inc. has set a lofty goal of building a $1 billion business by 2018 with a new fleet of small electric and electric-hybrid cars and trucks. The vehicles feature a 5- or 7-horsepower motor and go about 25 miles per hour, the Business Journal reports (with slideshow).