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.
From:: Stock Market News