Polaris Industries recalls another 43,000 off-road vehicles due to fire risk

July 5, 2016 GMT

Polaris Industries has recalled another 43,000 of its off-road recreational vehicles last week, this time warning of problems involving overheating and catching on fire.

The recall, filed last week with the U.S. Consumer Product Safety Commission, follows several rounds of recalls involving more than 160,000 Polaris off-road vehicles, including one in April after more than 100 of its side-by-side vehicles burst into flames, killing one teenager.

Last week’s recall involves seven instances of vehicles overheating and catching on fire. No injuries have been reported, according to the commission filing.

The newest recall involves various 2015 and 2016 models of the Polaris Ranger 570 recreational off-highway vehicle (ROVs). The vehicles either have two or four seats and a rear box. They also have the name “Ranger” printed on the rear box and the number “570” on the hood.

The following models are included in the recall: Ranger 570; Ranger 570 2x4; Ranger 570 EPS; Ranger 570; Ranger 570 EPS HD; Ranger 570 EPS; Ranger Crew 570; Ranger 570 EPS HD; Ranger Crew 570 EPS; Ranger 570 EPS ZUG; Ranger Crew 570; Ranger Crew 570 EPS.

Polaris has advised consumers to immediately stop using the recalled vehicles and to contact Polaris to schedule a free repair. Polaris is directly contacting all known purchasers.

The vehicles in question were made in Mexico and sold at Polaris U.S. dealerships nationwide from August 2014 through June 2016 for between $10,000 and $12,500.

Polaris’ stock has not reacted positively, falling $3.84 to $82.50 a share in morning trading Tuesday. The stock has fallen dramatically since April, when the price had been enjoying a $100.90 perch. The staggering breath of Polaris’ April recalls and setbacks across the industry, however, have jarred investors confidence badly, causing some true fans of the stock to back away.

In some cases, analysts have noted that Polaris’ recall stumbles have benefited competitors such as Plymouth-based Arctic Cat.

Dee DePass • 612-673-7725