Arctic Cat Initiates All-Terrain Vehicle Recall affecting an estimated 35,386 units

1 10 2014

Company to make gear-case repairs through dealerships;

Warranty expense will lead to one-time pre-tax charge
of approximately $5.4 million

MINNEAPOLIS, MN – October 1, 2014 – (Motor Sports Newswire) – Arctic Cat Inc. (Nasdaq: ACAT) announced today that it is voluntarily recalling its all-terrain vehicles (ATVs) manufactured in 2008 and a portion of the models produced in 2009; a component in the front gear box may not meet the company’s standards. There are no confirmed reports of serious injuries traced to the front gear case.

“Consumer safety is at the top of Arctic Cat’s values,” said Chairman and Chief Executive Officer Chris Twomey. “We ask ATV owners of affected models to stop riding their vehicles and to bring them to one of our dealers, so we can make the necessary repairs free of charge, and allow users to ride their ATVs again as soon as possible.”

This recall affects an estimated 35,386 ATVs from the 2008 model year and 4,495 ATVs from the 2009 model year. All registered owners of the affected ATVs will be notified by direct mail. A toll-free number is available for consumers to call with any questions: US 1-800-279-6851, CANADA 1-800-373-0717.

The company will record a charge of approximately $5.4 million pretax (about $3.5 million after-tax, or $0.27 per diluted share) to cover warranty expense for the ATV repairs. Arctic Cat plans to take the non-recurring charge in the 2015 fiscal second quarter ending today, September 30, 2014.

About Arctic Cat

Arctic Cat Inc. designs, engineers, manufactures and markets all-terrain vehicles (ATVs), side-by-sides and snowmobiles under the Arctic Cat® brand name, as well as related parts, garments and accessories. Its common stock is traded on the NASDAQ Global Select Market under the ticker symbol “ACAT.” More information about Arctic Cat and its products is available at www.arcticcat.com.

Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for certain forward-looking statements. The Company’s Annual Report, as well as the Report on Form 10-K, its Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission, the Company’s press releases and oral statements made with the approval of an authorized executive officer, contain forward-looking statements that reflect the Company’s current views with respect to future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. The words “aim,” “believe,” “expect,” “anticipate,” “intend,” “estimate” and other expressions that indicate future events and trends identify forward-looking statements including statements related to our fiscal 2015 outlook, business strategy, benefits of our co-branding partnership with Yamaha and expected product demand. Actual future results and trends may differ materially from historical results or those anticipated depending on a variety of factors, including, but not limited to: product mix and volume; competitive pressure on sales, pricing and sales incentives; increase in material or production cost which cannot be recouped in product pricing; unexpected delays in the introduction of new products; changes in the sourcing of engines; interruption of dealer floorplan financing; warranty expenses and product recalls; foreign currency exchange rate fluctuations; product liability claims and other legal proceedings in excess of reserves or insured amounts; environmental and product safety regulatory activity; effects of the weather; general economic conditions and political changes; interest rate changes; consumer demand and confidence; and those set forth in the Company’s Annual Report on Form 10-K for the year ended March 31, 2014, under heading “Item 1A. Risk Factors.” The Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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Bad Boy Buggies Recalls Recreational Off-Road Vehicles Due to Crash Hazard

29 09 2014

WASHINGTON, D.C. September 29, 2014 – (Motor Sports Newswire) -

RECALL SUMMARY

Name of product: Bad Boy Buggies Off-Road Vehicles

Hazard: Incorrect parking brake adjustments and improperly bled brake lines can diminish a consumer’s braking ability, posing a crash hazard.

Remedy: Repair

Consumer Contact: Bad Boy Buggies toll-free at (855) 738-3711 between 8 a.m. and 5 p.m. ET Monday through Friday, or online at www.badboybuggies.com and click on “Recall Information” at the bottom of the page for more information.

140929 BBB_Instinct_Red_TQL_053 800

RECALL DETAILS

Units: About 4,460

Description: This recall involves gas- and electric-powered, four-wheeled recreational vehicles manufactured by Bad Boy Buggies. The vehicles have bench seats for the driver and passenger, a cargo bed in the rear of the two-person model, and a rear-facing back seat in the four-person model. The recreational vehicles were sold in black, camouflage, green and red, and have 1¾ inch tubular steel exterior frames. The recalled off-road vehicles have serial numbers ranging from 8004970 through 8012901. Serial numbers are printed on a plate or label on the steering column. Brand and model names are printed on the side and front panels of the vehicle. Model names included in the recall are:

  • Ambush and Ambush iS
  • Instinct
  • Recoil and Recoil iS

Incidents/Injuries: None reported.

Remedy: Consumers should immediately stop using the recalled vehicles and contact Bad Boy Buggies or an authorized dealer for a free repair.

Sold at: Bad Boy Buggies dealers nationwide from August 2012 through May 2014 for between $9,600 and $14,400.

Manufacturer: Bad Boy Buggies, of Augusta, Ga.

Manufactured in: United States

The U.S. Consumer Product Safety Commission is charged with protecting the public from unreasonable risks of injury or death associated with the use of thousands of types of consumer products under the agency’s jurisdiction. Deaths, injuries, and property damage from consumer product incidents cost the nation more than $1 trillion annually. CPSC is committed to protecting consumers and families from products that pose a fire, electrical, chemical or mechanical hazard. CPSC’s work to help ensure the safety of consumer products – such as toys, cribs, power tools, cigarette lighters and household chemicals -– contributed to a decline in the rate of deaths and injuries associated with consumer products over the past 40 years.

Federal law bars any person from selling products subject to a publicly-announced voluntary recall by a manufacturer or a mandatory recall ordered by the Commission.

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Harley-Davidson is Recalling certain model 2014 FL & FX motorcycles

29 09 2014

WASHINGTON, D.C. September 29, 2014 – (Motor Sports Newswire) -

RECALL Subject : Clutch may not Remain Disengaged

Report Receipt Date: SEP 05, 2014
NHTSA Campaign Number: 14V537000
Component(s):
Potential Number of Units Affected: 105,746

All Products Associated with this Recall

Vehicle MakeH-DH-D

H-D

H-D

H-D

H-D

H-D

H-D

H-D

H-D

H-D

H-D

H-D

ModelFLHRSEFLHTCU

FLHTCUTC

FLHTCUTG

FLHTK

FLHTKSE

FLHTKSHRINE

FLHTP

FLHX

FLHXS

FLHXSHTINE

FLSTNSE

FXSBSE

Model Year(s)20142014

2014

2014

2014

2014

2014

2014

2014

2014

2014

2014

2014

Manufacturer: Harley-Davidson Motor Company

SUMMARY: Harley-Davidson Motor Company (Harley-Davidson) is recalling certain model year 2014 Electra Glide Ultra Classic (FLHTCU), Ultra Limited (FLHTK), Police Electra Glide (FLHTP), Street Glide Special (FLHXS), Street Glide (FLHX), Tri Glide Ultra (FLHTCUTG), CVO Limited (FLHTKSE), CVO Road King (FLHRSE), CVO Breakout (FXSBSE), Electra Glide Ultra Classic Twin Cooled (FLHTCUTC), Ultra Limited Shrine (FLHTK SHRINE), Street Glide Shrine (FLHX SHRINE), and CVO Softail Deluxe (FLSTNSE). In the affected motorcycles, a component in the clutch master cylinder may fail, reducing the pressure available to keep the clutch disengaged.

CONSEQUENCE: If the clutch does not remain disengaged, the motorcycle may creep forward while the rider intends to be stopped, increasing the risk of a crash.

REMEDY: Harley-Davidson will notify owners, and dealers will rebuild the affected clutch master cylinders, free of charge. The recall is expected to begin in September 2014. Owners may contact Harley-Davidson customer service at 1-800-258-2464. Harley-Davidson’s number for this recall is 0159 & 0160.

NOTES: Owners may also contact the National Highway Traffic Safety Administration Vehicle Safety Hotline at 1-888-327-4236 (TTY 1-800-424-9153), or go to www.safercar.gov.





Harley-Davidson is Recalling certain model year 2015 XG500 and XG750 motorcycles

29 09 2014

WASHINGTON, D.C. – September 29, 2014 – (Motor Sports Newswire) -

RECALL Subject : Fuel Filler Neck And Cap Not Sealing Properly

Report Receipt Date: SEP 05, 2014
NHTSA Campaign Number: 14V536000
Component(s):
Potential Number of Units Affected: 1,384

All Products Associated with this Recall

Vehicle Make

H-D

H-D

Model

XG500

XG750

Model Year(s)

2015

2015

Manufacturer: Harley-Davidson Motor Company

SUMMARY: Harley-Davidson Motor Company (Harley-Davidson) is recalling certain model year 2015 XG500 and XG750 motorcycles manufactured June 11, 2014, to August 14, 2014. The fuel tank filler neck may be insufficiently flat, preventing the fuel cap from sealing properly.

CONSEQUENCE: If the fuel cap doesn’t properly seal, fuel may leak, increasing the risk of a vehicle fire.

REMEDY: Harley-Davidson will notify owners, and dealers will inspect the motorcycle and test to see if fuel can leak from under the fuel cap. Any motorcycle that leaks fuel from under the fuel cap will have its gas tanked replaced, free of charge. The recall began in late September 2014. Owners may contact Harley-Davidson customer service at 1-800-258-2464. Harley-Davidson’s number for this recall is 0161.

NOTES: Owners may also contact the National Highway Traffic Safety Administration Vehicle Safety Hotline at 1-888-327-4236 (TTY 1-800-424-9153), or go to www.safercar.gov.

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Yamaha is Recalling certain 2014 Yamaha FZ09 motorcycles

22 09 2014

WASHINGTON, D.C. – September 22, 2014 – (Motor Sports Newswire) -

RECALL Subject : Headlight Harness may be too Short

Report Receipt Date: SEP 10, 2014
NHTSA Campaign Number: 14V550000
Component(s):
Potential Number of Units Affected: 5,300

All Products Associated with this Recall

Vehicle Make

YAMAHA

Model

FZ09

Model Year(s)

2014

Manufacturer: Yamaha Motor Corporation, USA

SUMMARY: Yamaha Motor Corporation, USA (Yamaha) is recalling certain model year 2014 Yamaha FZ09 motorcycles manufactured August 1, 2013, to August 29, 2014. The affected motorcycles may have a headlight harness that is too short and when the handlebars are turned fully to the left or right the harness may break near the coupler or coupler may disconnect from the headlight bulb.

CONSEQUENCE: If the harness breaks or the coupler detaches from the headlight, the headlight will go out, reducing the rider’s visibility and increasing the risk of a crash.

REMEDY: Yamaha will notify owners, and dealers will install a sub-harness to lengthen the headlight harness, free of charge. The recall is expected to begin on September 18, 2014. Owners may contact Yamaha customer service at 1-800-962-7926.

NOTES: Owners may also contact the National Highway Traffic Safety Administration Vehicle Safety Hotline at 1-888-327-4236 (TTY 1-800-424-9153), or go to www.safercar.gov.

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Arctic Cat Recalls Side by Sides Due to Fire Hazard

11 09 2014

WASHINGTON, D.C. September 11, 2014 – (Motor Sports Newswire) -

RECALL SUMMARY

Name of product: Arctic Cat Wildcat Trail and Wildcat Trail XT Side by Side

Hazard: Oil can leak from the oil cooler lines, posing a fire hazard.

Remedy: Repair

Consumer Contact: Artic Cat at (800) 279-6851 from 8 a.m. to 5 p.m. CT Monday through Friday or online at www.articcat.com and click on Consumer Care, then Product Recall and then List of Safety Bulletins for more information.

140911-Arctic-Cat-WildcatTrailXT_MatBlk_2014140911-Arctic-Cat-WildcatTrail_Lime_2014

RECALL DETAILS

Units: About 5,600

Description: This recall involves all 2014 Arctic Cat Wildcat Trail and Wildcat Trail XT side-by-side utility vehicles with Vehicle Identification Numbers (VIN) 000001 through 316232. The VIN is located on the frame tube near the driver’s side front wheel. These units were sold in red, green, lime green, team arctic green and mat black. The words “Arctic Cat” and “Wildcat Trail” appear on the sides of these vehicles and on the hood.

Incidents/Injuries: Arctic Cat has received 60 reports of oil leaking and one report of fire. No injuries have been reported.

Remedy: Consumers should stop using the recalled side-by-side utility vehicles immediately and contact an Arctic Cat dealer to schedule a free repair.

Sold exclusively at: Arctic Car dealers nationwide from December 2013 through July 2014 for about $11,400 to $12,400.

Manufacturer: Arctic Cat, Inc., of Thief River Falls, Minn.

Manufactured in: United States

The U.S. Consumer Product Safety Commission is charged with protecting the public from unreasonable risks of injury or death associated with the use of thousands of types of consumer products under the agency’s jurisdiction. Deaths, injuries, and property damage from consumer product incidents cost the nation more than $1 trillion annually. CPSC is committed to protecting consumers and families from products that pose a fire, electrical, chemical or mechanical hazard. CPSC’s work to help ensure the safety of consumer products – such as toys, cribs, power tools, cigarette lighters and household chemicals -– contributed to a decline in the rate of deaths and injuries associated with consumer products over the past 40 years.

Federal law bars any person from selling products subject to a publicly-announced voluntary recall by a manufacturer or a mandatory recall ordered by the Commission.

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Honda is Recalling certain 2001-2010 and 2012 GL1800 and 2001-2005 GL1800A motorcycles

8 09 2014

WASHINGTON, D.C. – September 8, 2014 – (Motor Sports Newswire) -

Report Receipt Date: AUG 01, 2014
NHTSA Campaign Number: 14V472000
Component(s):
Potential Number of Units Affected: 126,000

All Products Associated with this Recall

Vehicle

HONDA

HONDA

Model

GL 1800

GL 1800A

Model Year(s)

2001 – 2010, 2012

2001 – 2005

Manufacturer: Honda (American Honda Motor Co.)

SUMMARY: American Honda Motor Co., Inc. (Honda) is recalling certain model year 2001-2010 and 2012 GL1800 and 2001-2005 GL1800A motorcycles. The rear brakes of the affected motorcycles may drag after the brakes are released.

CONSEQUENCE: A rear brake that drags may increase the risk of a vehicle crash. Additionally, extended riding with the rear brake dragging could generate enough heat to result in a fire.

REMEDY: The remedy for this issue has not been determined. Honda will send owners an interim notification describing how to inspect their motorcycle for rear brake drag. A second notification will be sent when a remedy is available. The recall is expected to begin in September 2014. Owners may contact Honda customer service at 1-866-784-1870. Note: Motorcycles that were remedied under recall 11V-567 for rear brake drag must have their motorcycles remedied again under this campaign.

NOTES: Owners may also contact the National Highway Traffic Safety Administration Vehicle Safety Hotline at 1-888-327-4236 (TTY 1-800-424-9153), or go to www.safercar.gov.

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