Polaris hopes fewer frills UTV helps turnaround

• After posting another quarterly loss Wednesday, the company's share price finished down 37% compared to a year ago.

Zoom in: The new Ranger 500 has two seats and less towing capacity than other Ranger models, which can cost as much as $40,000 with all the bells and whistles.

• Rangers are geared toward farmers, hunters and leisure riders.

State of play: Polaris revised earlier forecasts that said tariffs would cost the company $260 million to $300 million this year.

• Instead, Polaris said the tariffs will cost $120 million to $130 million and it plans to decrease spending in China by 35%, according to Barron's.