By VeloNews Interactive
Cannondale expanded its motorized product range this weekend with the release of its FX400 All-Terrain Vehicle. The ATV joins Cannondale’s MX400 motocrosser released last year and the XC400 cross-country motorbike, due for release in April.
The first of the ATVs was delivered last week to Pennsylvania motorsports dealer Gatto Cycles to what the company says was a very enthusiastic reception. The $8000 FX400 sports a four-stroke engine with electronic fuel injection, and the industry’s first twin-spar perimeter aluminum ATV frame.
Cannondale founder & president Joe Montgomery praised the company’s design and production teams for bringing the new model to market so quickly. “Our people have put a tremendous amount of work into this project,” Montgomery said in a press release issued on Saturday, “and the heart and soul and sweat that they’ve invested show in the amazing quality and performance of the FX400.”
The addition of an ATV to Cannondale’s lineup marks another milestone for a company that seems willing to take a big risk to enter a new market. The company was forced to suspend production of the MX400 in October as it worked through design changes. Company sales have declined nearly 10 percent and the company suffered FY 2001 second quarter loss $1.4 million compared to income of more than $600,000 for the same period a year ago.
Despite the bumpy road, Montgomery for one says he remains confident in the company and its somewhat risky strategy since expanding into motor sports.