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Chrysler Agrees to Sell GEM to Polaris Industries

April 29, 2011

AUBURN HILLS, MI - Chrysler Group has sold the assets of Global Electric Motorcars, LLC (GEM) and NEV to Polaris Industries. Chrysler Group and Polaris have signed the purchase agreement and expect the deal to close in approximately 60 days.

Chrysler Group said it made this decision because the automaker wants to focus on its core automotive business. Chrysler said it is still pursuing zero emissions vehicle and electric vehicle options, and that it plans to focus on “full-function” EVs.

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