Indian Motorcycle Ships 2003 Models To Dealers; President Lou Terhar Named CEO

    GILROY, Calif.--Oct. 30, 2002--This month Indian(R) Motorcycle Corporation (IMC) shipped the first 2003 Chief(R) motorcycles to dealers nationwide, completing the launch of its 2003 models.
    The Powerplus(TM) 100 equipped Chief was first introduced in the spring as a 2002 model, when it marked Indian's return as an "OEM" brand. The 2003 model reflects IMC engineers' commitment to continuous improvement; from enhanced appearance and durability to improved handling and rider comfort. Over twenty upgrades have been made to the 2003 Chief.

    IMC President Lou Terhar Named CEO

    Lou Terhar has been promoted to President and CEO of IMC. "We are pleased with the progress that Indian Motorcycle has made over the last year, and are enthusiastic about the direction of the company under Lou's guidance," said Steve Kaplan, Managing Director of Audax Group, IMC's majority investor.

    About Indian Motorcycle Corporation

    Indian Motorcycle Corporation, based in Gilroy, California, was formed in 1998 to re-launch an American icon. The original Indian Motorcycle Company, which built the first American-made motorcycle in 1901, was a leading motorcycle manufacturer for almost 50 years. Although Indian Motorcycle products were out of production from 1953 to 1999, the Indian brand is still well known to motorcycle enthusiasts because of its reputation for innovation and distinctive styling. Indian currently designs, manufactures and markets a full line of premium heavyweight motorcycles and a broad range of related products, parts, accessories, riding gear and lifestyle apparel. For more information on Indian motorcycles, please visit www.indianmotorcycle.com.