Bombardier to sell recreational division (including Johnson/Evinrude)?

[Admin5]

The following is a press release from boating-industry.com today. It looks like there are going to be some real mad dealers out there. Many are still raging over the OMC bankruptcy:<br /><br />

Bombardier CEO Paul Tellier may recommend that the company's recreational division be sold when he presents the Bombardier's financial results for fiscal year 2003 and reveals his future plan for the company tomorrow at a news conference, according to reports from several Canadian newspapers. In addition, there have been indications that Bombardier Capital may be sold. <br /><br />The recreational division includes Johnson and Evinrude outboard engines, personal watercraft, sport boats and snowmobiles. Bombardier Capital provides financing to marine dealers, among others. <br /><br />The company, which also manufacturers airplanes and train cars, currently is in a state of financial crisis, with high levels of debt and its stock trading at eight-year lows, say some sources.

 

[mellowyellow]

Re: Bombardier to sell recreational division (including Johnson/Evinrude)?

thanks for the news flash Admin.<br />what a shame! maybe merc will buy it and have a<br />monopoly? heck any Jap. mfg. would be smart to<br />but them and take advantage of the name recognition<br />and just slap a diff. cover on their OB's.<br />hope it ain't true though...

 

[dkondelik]

Re: Bombardier to sell recreational division (including Johnson/Evinrude)?

DANG!<br />I guess,"There goes the 7 year warrenty". DANG!<br />that ain't right.<br /><br />Any of you guys wanna buy a good slightly used company?

 

[rschnack]

Re: Bombardier to sell recreational division (including Johnson/Evinrude)?

This may be interesting:<br /><br />"Bombardier, Deere Announce Strategic Alliance for Product Development". The following link will take you to an article about this:<br /><br /> http://www2.cdn-news.com/scripts/ccn-release.pl?/2003/01/23/0123054n.html <br /><br />Apparently John Deere and Bombardier Recreational Products are working together, starting with some ATV's. I wonder what a green and yellow outboard would look like on my boat ?<br /><br />RCS

 

[ODDD1]

Re: Bombardier to sell recreational division (including Johnson/Evinrude)?

Rcs, the thought of a Deere outboard made me laugh....what about snowmobiles??? heck they already got the yellow...just need a little green...maybe resurect the old 'fire models...this could get fun....

 

[rschnack]

Re: Bombardier to sell recreational division (including Johnson/Evinrude)?

ODDD1,<br /><br />John Deere used to make snowmobiles. When I was in my teens (1970's) they were considered very high quality sleds for the time. They stopped making them and these old sleds don't hold a candle to the new ones but the John Deeres were known for their comfort, power and durability. I listed the above link just for fun but I would not be disappointed at all if John Deere took over Ski-Doo, Johnson and Evinrude. The company I work for does much business with John Deere and I have seen first hand how they thoroughly test every one of their products to insure high quality and durability. They stand behind everything they make and plan on being around for many years to come. <br /><br />Best regards,<br />RCS

 

[Lonigan]

Re: Bombardier to sell recreational division (including Johnson/Evinrude)?

As revolutionary as Evinrude proclaims their new E-Tec engines to be one might think that Bombardier would want to keep the company. Especially with all of the research and development costs.

 

[roscoe]

Re: Bombardier to sell recreational division (including Johnson/Evinrude)?

A green and yellow motor would really clash with my marine blue carpeting, but I could replace the carpet.

 

[Brew]

Re: Bombardier to sell recreational division (including Johnson/Evinrude)?

Well, they are definitely selling the snowmobile division. No reference to the outboards, but I would imagine that they will be "on the block" shortly if not packaged with the snowmobiles. Sounds like Bombardier is going to concentrate on trains and airplanes.<br /><br /> http://www.webfin.com/en/news/news.html/?id=32624 <br /><br />Brew

 

[Lark40]

Re: Bombardier to sell recreational division (including Johnson/Evinrude)?

Based on a press release I saw earlier today, it looks like the Bombardier family wants to retain control of the division, but split it off with the help of other investors. That would help the major corporation by slimming down to core business, and by bringing in some quick cash.<br /><br />A separate company with only the rec products, with the Bombardier family having significant control might be a good thing all around.

 

[dick]

Re: Bombardier to sell recreational division (including Johnson/Evinrude)?

And whatever happens the *AM Goverment up here will just give them another billion anyway.

 

[RICKRICK1]

Re: Bombardier to sell recreational division (including Johnson/Evinrude)?

Thanks for the info Admin5-- I work at DFW airport and Bombarder is building the new Train sysytem, replacing the current system I work on.

 

[snapperbait]

Re: Bombardier to sell recreational division (including Johnson/Evinrude)?

Oh well.. I give up on Bomb... <br /><br />Man, I was seriously considering buying a new or slightly used 115 John/Rude for my flats boat in a couple months... <br /><br /> Guess I'll have to stick with merc.. <br /><br />Anybody figure out a way to make an inboard a practical engine for a flats boat yet?

 

[Boatist]

Re: Bombardier to sell recreational division (including Johnson/Evinrude)?

I sad to see them go and hope some one buy them out. I really gave up on them making it when I saw no commitment to Build 4 cycle motors.<br /><br />A sad day.

 

[DJ]

Re: Bombardier to sell recreational division (including Johnson/Evinrude)?

More on the subject.<br /><br /> http://biz.yahoo.com/ccn/030403/e2a1275d937bf905abee49c54f173da8_1.html

 

[dkondelik]

Re: Bombardier to sell recreational division (including Johnson/Evinrude)?

maybe it's eternal optomism but I'm holdin'-out hope. <br />Some of the JohnyRude's still in production, are based on the ol' tried & true designs. I'd hate to see these go away.

 

[DJ]

Re: Bombardier to sell recreational division (including Johnson/Evinrude)?

Klondike,<br /><br />Me too! From what I've read, the "recreational" division of Bombi, is sort of the "crown jewel" of the whole group. While it is a small portion of the corporate portfolio, it is a very profitable one. The return on investment (ROI) is quite high.<br /><br />This makes that division a prime spin off target to generate some much needed cash. Also, many members of the original Bombardier family (3rd generation) are involved in the recreation group.<br /><br />It's just "too fat" of a prize for some smart corporation to ignore.<br /><br />I'm not a big fan of Deere buying it, I think it is too far from their primary focus. However, how about Suzuki? That merger would instantly fix Suzuki's didstribution/dealer support issues.

 

[zzzzz]

Re: Bombardier to sell recreational division (including Johnson/Evinrude)?

Snapperbait-check out Rocketek Marine -they have a surface piercing drive coupled to an inboard.As for the Johnson/Evinrude controversy,I think the Bombardier family will step up and take the reins in what will be called the 'Heritage Division'

 

[miloman]

Re: Bombardier to sell recreational division (including Johnson/Evinrude)?

well to tell you the truth no one ever wants to hear a bad thing as you all know I am quite involved with them on the pro fishing side and I assure you that in the end this will be a good thing for them. 100% AS I was told only good things will come from this!

 

[John Reynolds]

Re: Bombardier to sell recreational division (including Johnson/Evinrude)?

Perhaps John Deere will buy 'em out.