On 11 April 2013, US based Polaris Industries announced that it had acquired Aixam-Mega from previous owners Axa Private Equity.
The company currently produces the Aixam A.7xx series (where xx is a two-digit number), a microcar comparable with the Smart Fortwo, and powered by diesel engines from Kubota).
A notable difference is that some of the smaller models are restricted to 45 kilometres per hour (28 mph) and can therefore be driven without a driving licence in some European countries (including Belgium, Estonia, Germany, France,[4] Portugal, Slovakia, Spain, and Slovenia).
[citation needed] In Britain, they are classified as a category L7e quadricycle (quad bike) because of their weight and power output.
[6] In January 2013, the law changed such that special restricted low power versions of the car (Aixam 400) can now be driven by full AM licence holders in the UK.