Posts by Ross

    https://www.industryweek.com/l…ve-mexico-if-tariffs-rise


    Placing third in the IndustryWeek US 50 Best Manufacturers list is Polaris Industries is Polaris Industries Its CEO since 2008 is Scott W Wine who holds bachelors degrees in Economics and French as well as a Master of Business Administration MBA in Finance from the University of Maryland
    Polaris Industries CEO Warns US Jobs May Move to Mexico If Tariffs Rise

    Costs for U.S. manufacturer could reach almost $200 million.

    Bloomberg | May 08, 2019



    Scott Wine jokes that he doesn’t want to have to start building snowmobiles in sweltering Mexico.


    But the chief executive officer is dead serious about the unintended consequences that higher U.S. tariffs on Chinese goods will have on Polaris Industries Inc. -- including forcing him to consider moving jobs to Mexico.


    “We just can’t stand for it,” Wine said in a phone interview Tuesday. “I don’t want a Fortune 500 company like we are to be very vocal against the tariffs and undermine our negotiating position as a country. That said, if it goes to 25%, I will become one of the most vocal people you’ve ever heard on the issue.”


    Tariffs, which Wine said have been just one of his top priorities over the last year, became his No. 1 after U.S. President Donald Trump tweeted early this week that the U.S. will boost levies on $200 billion worth of Chinese goods to 25% starting Friday.


    Wine said that if Trump follows through on this threat, tariff costs for the maker of recreational vehicles, snowmobiles and boats would rise by $80 million to almost $200 million this year -- an additional burden the company is unable to bear. The tariffs would make it more expensive to procure parts including wire harnesses, stampings and castings. Polaris makes about $450 million of profit a year, he said.


    Shares of Medina, Minnesota-based Polaris have slumped 8.2% since Trump’s tweet through Tuesday’s close, amid a rout in global markets.


    Alabama Plant

    Investors hounded him, he said, for making a decision in 2014 to build a $150 million plant in Huntsville, Alabama, and employ 1,000 Americans instead of lower-wage workers in Mexico. Rival BRP Inc., the maker of Ski-Doo snowmobiles and Sea-Doo watercraft, isn’t getting hit by tariffs because it’s making its products in Mexico and Canada.


    “They do not pay tariffs, and I do,” Wine said, calling it “lunacy” that Polaris will be penalized and foreign rivals including Valcourt, Quebec-based BRP will benefit. “I’m paying tariffs because I hired American workforce and I’ve invested in American plants. And I cannot stand for that.”


    Polaris also has facilities in Ohio, Wisconsin and Minnesota -- key battleground states in the Midwest that will determine whether Trump is reelected. But some of the products the company builds in Huntsville are also manufactured in Monterrey, Mexico.


    “I do not want to do it, but if I can’t get relief, I’ll be forced to think about moving some of those jobs to Mexico,” Wine said. “It is not my desire to ever move a job out of the U.S. We have great employees here, we make great vehicles here, and that is what we’re trying to do.”


    By Craig Trudell and Chester Dawson

    Ross, I tagged you in an earlier post on here (Post #72). I got signed up for the tour, but didn't get the shirt ordered and now I can't seem to order it. I'll send you the money PayPal, or however you want. I don't see an option to go back after I've already signed up. Please.... a little help here, I really want to get the shirt! (maybe ericastar76 if I'm lucky?)

    So sorry I missed it sir - if you PM the size or sizes you need I will see if I have any magic up my sleeve

    We signed up some time ago but haven't received our packet as of yet We are also signed up for Homecoming.


    Looking forward to it.

    Jamesgn

    James if you PM me more information I can check into your member packet.


    Most often people sign up but forget to add their name and address to their Account information

    A couple of quick words that you'll hear over and over as we finish rolling out the event.


    SOG is an owner community focused not-for-profit organization so we expect our events to feel more like a family reunion.


    This event is being held on private property so there will be no alcohol, tobacco, or firearms allowed on the propery.


    Employees of Polaris are bound by very strict nondisclosure agreements. We want the employees to join us during the event when they are on break or off the clock. Employees are even going to be part of the Homecoming 2019 event - but more about that some other time. These fine folks are part of our family and I think they'll love to see what folks have done to personalize their Slingshots. What I don't want is for owners to ask them questions that they can't answer (what's next for design, will the 2020 be an automatic, what's they next color, why did Polaris pick this part instead of that part, etc.) because if they did answer they could be fired.

    I'm trying to get everything lined up now. Few from my group have already registered. Some questions have come up though amongst them that I was seeing if anybody had insight on. Our group just rode down there last fall and did the factory tour but got to see nothing slingshot related. Showed them(I wasn't there) other production areas and some videos and there was a lot of disappointment. Any chance this tour will be more slingshot oriented? They don't want to do the tour again if it's going to be the same set-up. Spend that time riding and meeting everybody if so, save tour spots for others.

    Unfortunately some folks that took earlier tours have ruined it for many of us by disclosing information or making up quotes that we never said. It is my understanding the standard tour from Polaris is now limited to informational videos and a catwalk view of the production line.


    HOWEVER, the SOG may have made some incredible arrangements for VIP tours and maybe even something I'll call the ultimate wrench day. Stay tuned for cost and details as we get some things finalized.

    Never heard of you loosing your keys . Really haven’t heard that.


    JUST SAYIN

    Awwww hell that's nothin - I got so used to leaving the keys in it when I left it the garage that I did that everywhere ... on the road at hotels, shopping, work,

    Sorry, it doesn't give that option. We can edit our info, or request a refund of the entire order, but not cancel the people associated with it.


    Sorry to be a pain!


    zKJbZjN.png

    Cancel and request refund. If it doesn't give back the monies I'll paypal you a refund personally. The program isn't ours and there weren't any training videos that I could find. You're probably more of an expert about it than most