Issue link: https://read.dmtmag.com/i/485263
www.PowersportsBusiness.com FINANCIAL Powersports Business • April 6, 2015 • 15 The Volvo Group has sold 1,270,000 shares in the Indian automotive manufacturer Eicher Motors Limited for approximately SEK 2.5 bil- lion ($300 million). The divestment of shares has no effect on ownership or the development of the longstanding joint venture, VE Commercial Vehicles. The share disposal will have no impact on either the ownership or control of the truck and bus manufacturer, VE Commercial Vehi- cles (VECV) in India, where the Volvo Group will remain as owner. Since 2008, VECV has been owned by Eicher Motors Limited (EML), and the Volvo Group and is currently the third largest manufacturer of commercial vehicles in the Indian market. In parallel with its joint venture with the Volvo Group, EML owns Royal Enfield. As a result of their joint venture, Polaris and Eicher are producing a 600cc diesel four-wheel vehicle aimed at farmers, bakers and small dis- tributors in India. PSB POWERSPORTS BUSINESS STOCKS Stock Price Price Percent 52-Week Company Ticker 3/13/15 2/20/15 Change High Low Arctic Cat, Inc. ACAT $37.38 $36.36 2.8% $49.69 $26.00 ARI Network Services, Inc. ARIS $3.70 $3.61 2.5% $4.45 $2.35 Assurant, Inc. AIZ $61.22 $60.67 0.9% $69.94 $59.82 Brunswick Corp. BC $52.16 $54.96 -5.1% $56.63 $38.17 CDK Global CDK $46.81 $48.00 -2.5% $48.50 $25.00 General Electric Co. GE $25.04 $25.21 -0.7% $27.53 $23.41 Harley-Davidson, Inc. HOG $58.80 $63.48 -7.4% $74.13 $54.22 Honda Motor Corp. ADR HMC $34.09 $33.51 1.7% $36.02 $28.61 Polaris Industries, Inc. PII $147.76 $155.57 -5.0% $159.33 $124.73 TCF Financial Corporation TCB $15.96 $15.75 1.3% $17.39 $13.78 Stock Price Price Percent 52-Week Company Ticker 3/13/15 2/20/15 Change High Low ArvinMeritor ARM $13.25 $14.38 -7.9% $15.65 $9.46 Bridgestone Corp. ADR BRDCY $20.09 $19.62 2.4% $20.17 $15.60 Carlisle Companies CSL $90.35 $94.16 -4.0% $95.74 $74.69 Cooper Tire & Rubber CTB $38.98 $37.71 3.4% $39.35 $23.19 Dover Corporation DOV $71.25 $74.50 -4.4% $91.84 $67.13 Intl. Speedway Corp. Cl. A ISCA $31.50 $31.98 -1.5% $35.32 $28.09 Deere & Company DE $89.49 $92.43 -3.2% $94.89 $78.88 MarineMax, Inc. HZO $26.63 $26.36 1.0% $28.69 $14.47 Spy Inc. XSPY $0.71 $0.67 6.0% $2.25 $0.50 Speedway Motorsports, Inc. TRK $21.58 $23.85 -9.5% $24.10 $16.45 Universal Technical Institute UTI $9.74 $9.10 7.0% $13.70 $8.15 POWERSPORTS BUSINESS INDEX COMPONENTS INTERNATIONAL STOCKS OF INTEREST Source: Wells Fargo Securities LLC Stock Price Price Percent 52-Week Company Ticker 3/13/15 2/20/15 Change High Low BMW AG BMW-ETR 119.95 € 111.10 € 8.0% 122.50 € 74.74 € BRP, Inc. DOO-TSE $21.58 $23.10 -6.6% $31.98 $21.02 Kawasaki Heavy Industries 7012-TKS 584 ¥ 562 ¥ 3.9% 598 ¥ 350 ¥ KTM Powersports AG KTM-WBO 128.00 € 133.30 € -4.0% 141.00 € 71.50 € Michelin ML-PAR 90.55 € 85.57 € 5.8% 94.33 € 65.10 € NGK Sparkplug 5334-TKS 3290 ¥ 3320 ¥ -0.9% 3870 ¥ 2153 ¥ Suzuki Motor 7269-TKS 3577 ¥ 3749 ¥ -4.6% 4041 ¥ 2526 ¥ Yamaha Motor 7272-TKS 3025 ¥ 2768 ¥ 9.3% 3145 ¥ 1445 ¥ Yokohama Rubber 5101-TKS 1243 ¥ 1170 ¥ 6.2% 1288 ¥ 849 ¥ DOMESTIC STOCKS OF INTEREST FOREIGN CURRENCY EXCHANGE 3/13/15 1 Month Ago 6 Months Ago Year Ago Annual Price Price %Change Price %Change Price %Change High Low Australian Dollar 1.31 1.29 -1.9% 1.11 -15.6% 1.10 -15.8% 1.05 1.32 British Pound 0.68 0.65 -4.2% 0.62 -9.1% 0.60 -11.5% 0.58 0.68 Canadian Dollar 1.28 1.25 -2.8% 1.11 -13.5% 1.11 -13.6% 1.06 1.28 Euro 0.95 0.88 -7.7% 0.77 -18.7% 0.72 -24.5% 0.72 0.95 Indian Rupee 62.98 62.16 -1.3% 60.72 -3.6% 61.14 -2.9% 58.36 63.70 Indonesian Rupiah 13,195 12,787 -3.1% 11,820 -10.4% 11,383 -13.7% 11,288 13,195 Japanese Yen 121.18 118.67 -2.1% 107.37 -11.4% 102.13 -15.7% 101.17 121.50 Malaysian Ringget 3.69 3.58 -2.9% 3.20 -13.2% 3.27 -11.2% 3.15 3.70 Phillipine Peso 44.31 44.28 -0.1% 43.91 -0.9% 44.56 0.6% 43.21 45.30 Singapore Dollar 1.39 1.35 -2.6% 1.26 -9.2% 1.27 -9.0% 1.24 1.39 South Korean Won 1,128.60 1,096.80 -2.8% 1,035.25 -8.3% 1,069.05 -5.3% 1,008.35 1,128.60 Taiwan Dollar 31.65 31.40 -0.8% 30.00 -5.2% 30.31 -4.2% 29.86 31.99 Thailand Bhat 32.92 32.60 -1.0% 32.21 -2.2% 32.28 -1.9% 31.78 33.08 Note: A positive percent change reflects a weakening of the U.S. dollar and a strengthening of the foreign currency. Source: Wells Fargo Securities LLC Volvo sells its interest in Eicher Motors Limited