Shares of Polaris Industries Inc. (NYSE:PII) ended Friday session in green amid volatile trading. The shares closed up +1.08 points or 1.46% at $74.89 with 1.15 million shares getting traded. Post opening the session at $73.68, the shares hit an intraday low of $73.52 and an intraday high of $75.14 and the price vacillated in this range throughout the day. The company has a market cap of $4.79 billion and the numbers of outstanding shares have been calculated to be 64.09 million shares.
Polaris Industries Inc. (PII) designs, engineers, manufactures, and markets off-road vehicles, snowmobiles, motorcycles, and on-road vehicles in the United States, Canada, Western Europe, Australia, and Mexico. It operates through three segments: Off-Road Vehicles (ORVs)/Snowmobiles, Motorcycles, and Global Adjacent Markets. The company provides ORVs, including all-terrain vehicles and side-by-side vehicles for recreational and utility use; snowmobiles, such as independent front suspension, long travel rear suspension, hydraulic disc brakes, liquid cooling for brakes, and a three cylinder engine models; V-twin cruiser motorcycles; on-road quadri cycles and light duty commercial vehicles; and technical riding gears for the snowmobile and motorcycle industries.
Shares of Dana Inc (NYSE:DAN) ended Friday session in red amid volatile trading. The shares closed down -0.15 points or -0.97% at $15.34 with 1.12 million shares getting traded. Post opening the session at $15.43, the shares hit an intraday low of $15.34 and an intraday high of $15.51 and the price vacillated in this range throughout the day. The company has a market cap of $2.25 billion and the numbers of outstanding shares have been calculated to be 143.73 million shares.
Dana Inc (DAN) on Sept. 21, 2016 revealed new details about its Spicer® global single axle for trucks, tractors, and coaches.
Engineered for 6×2 and 4×2 axle configurations, this family of single-reduction, solo drive axles can be customized for vehicle applications with gross combination weight ratings of 32 to 45 tonnes (70,000 to 100,000 pounds).
Now available for pre-production testing, the Spicer global single axle offers increased mechanical efficiency and less weight than current offerings. With improved operating efficiency and a higher payload, production units are scheduled to hit the market in 2018.
The Spicer global single axle has been engineered on a flexible platform that combines design and production efficiency with various application-specific demands. This axle is the first to support ratios lower than 2:1 as part of a range of axle ratios designed for engine downspeeding. This enables efficient operation at desired highway cruise speeds with engine speed approaching 1,000 rpm.
Additionally, the global single axle’s full selection of ratios is the broadest available, supporting up to 6.8:1.
“The regional market needs of global commercial-vehicle manufacturers vary greatly, but Dana offers solutions that are truly localized to meet our customers’ specific requirements,” said Mark Wallace, president of Dana Commercial Vehicle Driveline Technologies. “The Spicer global single axle family delivers the increased efficiency that is required by the industry, along with regional customization that buyers demand. This axle can also be paired with a wide selection of Spicer driveshafts for a fully optimized drivetrain solution.”