For 110 years the name Evinrude has been synonymous with boating, gracing engine cowlings and marina signs across cottage country. Forward-looking statements are subject to numerous factors, many of which are beyond BRP’s control, including the risk factors disclosed previously and from time to time in BRP’s filings with the securities regulatory authorities in each of the provinces and territories of Canada and the United States, available on SEDAR at sedar.com or EDGAR at sec.gov, respectively. These decisions will impact 650 employees globally. Sign up for our FREE newsletter! Our Sturtevant, WI, facility, will be repurposed for new projects to … Forward-looking statements cannot be relied upon due to, amongst other things, changing external events and general uncertainties of the business. Yes, we will continue to supply customers service parts as needed and honor our manufacturer limited warranty coverage and extended service contracts.
Our Sturtevant, WI, facility, will be repurposed for new projects to … “Our outboard engines business has been greatly impacted by COVID-19, obliging us to discontinue production of our outboard motors immediately. The moves impacts 650 employees globally. Discontinuing outboard engine business and signing an agreement with Mercury MarineFollowing our decision to discontinue E-TEC and E-TEC G2 outboard engines, we have signed an agreement with market leader Mercury Marine to support boat packages and continue to supply outboard engines to our boat brands. VALCOURT, Quebec, May 27, 2020 (GLOBE NEWSWIRE) -- BRP (TSX: DOO; NASDAQ: DOOO) announced today it has re-oriented its marine business by focusing on the growth of its boat brands with new technology and innovative marine products. He formed the Evinrude Motor Company in 1910, then merged it with two other engine builders in 1929 to form Outboard Marine Corp. (OMC)—a powerhouse that went on to become one of the largest engine builders in the world before a series of financial missteps drove it into bankruptcy in 2000. SEE THEM NOW! “Over the past few years, despite its innovative technology, our outboard engine lineup has been losing share in a market that was already difficult,” said BRP president and CEO, José Boisjoli. According to Mercury Marine President Chris Drees, "This agreement brings us an incredible opportunity to further grow our brand in the marketplace and introduce our award-winning portfolio of outboard engines to new customers around the world. Yes, most of our Evinrude dealers will continue to provide maintenance and repair services. Valcourt, Quebec – BRP (TSX: DOO; NASDAQ: DOOO) announced today it has re-oriented its marine business by focusing on the growth of its boat brands with new technology and innovative marine products. Major ripples through the marine industry today as Mercury Marine announced it has entered a partnership with BRP to be the primary engine supplier for BRP-owned brands Alumacraft, Manitou, Quintrex, and Stacer. In addition, we want to upgrade the boat production facilities to reorganize manufacturing sites and apply the modularity model used elsewhere. A greater focus on boat production facilities will be the strategy for BRP going forward, and will be kickstarted by the manufacturing restructuring. BRP Discontinues Evinrude, Mercury to Support Boat Packages By Wired2Fish Editors • May 27, 2020 BRP (TSX: DOO; NASDAQ: DOOO) announced today it has re-oriented its marine business by focusing on the growth of its boat brands with … “In addition, we want to upgrade the boat production facilities to reorganize manufacturing sites and apply the modularity model used elsewhere,” officials stated. We are a global leader in the world of powersports vehicles, propulsion systems and boats, built on over 75 years of ingenuity and intensive consumer focus.
We will discontinue production of Evinrude E-TEC and E-TEC G2 outboard engines. However, BRP disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.
BRP acquired Evinrude out of OMC’s ashes and committed to developing its two-stroke technology in spite of a clear shift toward four-stroke engines—a decision likened to Sony’s infamous gamble on Betamax VCRs. Company discontinues the manufacturing of outboard engines and agrees with market leader Mercury Marine to support boat packages. The end of the two stroke O/B .. Can't be good for Evinrude dealers. Our Sturtevant, WI, facility, will be repurposed for new projects to … share; Share on Facebook; Share on Twitter; Share on Pinterest; Copy Link; Cancel .
Maximizing operational and functional efficienciesLastly, we will consolidate Alumacraft operations from two sites to one. Existing Evinrude warranties and orders will be honored. Owner BRP has discontinued Evinrude outboard engine and signed an agreement with Mercury Marine. Forward-looking statements are typically identified by the use of terminology such as “may”, “will”, “would”, “should”, “could”, “expects”, “forecasts”, “plans”, “intends”, “trends”, “indications”, “anticipates”, “believes”, “estimates”, “outlook”, “predicts”, “projects”, “likely” or “potential” or the negative or other variations of these words or other comparable words or phrases. Founded by Ole Evinrude in Milwaukee, Wisconsin in 1907, it was formerly owned by the publicly traded Outboard Marine Corporation (OMC) since 1935 but OMC filed for bankruptcy in 2000. BRP has made the decision to discontinue the production of E-TEC and E-TEC G2 engines effective immediately. Yet the legendary outboard brand was consigned to history in late May after Quebec-based parent company Bombardier Recreational Products (BRP) announced its exit from the outboard engine business.
While COVID-19 has precipitated the discontinuation of the production of our outboard engines, we will proudly offer packaged Manitou, Alumacraft, Quintrex and Stacer boats with Mercury Marine going forward.
Can I continue to go to my Evinrude dealer for maintenance and repair? Stay in the know on all things hunting and fishing in Ontario. Almost finished... We need to confirm your email address. Yet the legendary outboard brand was consigned to history in late May after Quebec-based parent company Bombardier Recreational Products (BRP) announced its, Boisjoli noted that BRP will continue to honour all Evinrude warranties, and that Evinrude dealers will, continue to provide parts and service support.
650 employees throughout both corporations will be affected by the changes. We remain committed to our Buy, Build, Transform Marine strategy which has been underway since 2018 with the acquisition of Alumacraft and Manitou boat companies in the U.S., followed by the acquisition of Australian boat manufacturer Telwater in 2019. Read more: How to repair your outboard engine.
BRP also teased further announcements, stating that a bevy of unique marine products intended to "transform the industry" are in development, including a new engine technology dubbed Project Ghost and a new pontoon design dubbed Project M. You can read the full release from Mercury Marine and get complete details from BRP. With annual sales of CA$6.1 billion from over 120 countries, our global workforce is made up of approximately 12,600 driven, resourceful people. As a result of the new partnership, Alumacraft operations at the Arkadelphia, Arkansas facility will be permanently closed and transferred to their St. Peter, Minnesota location. The company will continue to supply customers and dealer network service parts and will honor manufacturer limited warranties, while offering select programs to manage inventory, officials said. Forward-looking statements, by their very nature, involve inherent risks and uncertainties and are based on a number of assumptions, and are subject to important risks and uncertainties, both general and specific, made by the Company in light of its experience and perception of historical trends. MAGNETIC WEIGHT TRANSFER SYSTEMOUT-CASTS & OUT-FISHES ALL OTHER LURES! ", The best insight into the current state at BRP and the future of Evinrude Engines came from President & CEO of BRP Jose Boisjoli who stated: “Our outboard engines business has been greatly impacted by COVID-19, obliging us to discontinue production of our outboard motors immediately. DISCONTINUED PRODUCTION Does my Evinrude engine remain under warranty?
In spite of winning numerous awards for technological innovation, Evinrude was never again able to recapture its former market dominance. To complete the subscription process, please click the link in the email we just sent you. © 2020 GlobeNewswire, Inc. All Rights Reserved. Cottagelife.com is part of the Blue Ant Media Canada network © 2020 Blue Ant Media. All other trademarks are the property of their respective owners. Box 8500, Peterborough, Ontario, K9J 0B4, $18.9 billion spent on fishing, hunting, trapping, sport shooting, UPDATED: Boating bill changing angler game in shared waterways, Lyme disease: prevention and early detection. Our portfolio of industry-leading and distinctive products includes Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft, Can-Am on- and off-road vehicles, Alumacraft, Manitou, Quintrex, Stacer and Savage boats, Evinrude and Rotax marine propulsion systems as well as Rotax engines for karts, motorcycles and recreational aircraft. The parent company of Evinrude will stop making outboard motors to focus on its boat brands, Valcourt, Quebec-based Bombardier Recreational Products (BRP) announced on Wednesday, May 27. We complete our lines of products with a dedicated parts, accessories and apparel business to fully enhance the riding experience. The best insight into the current state at BRP and the future of Evinrude Engines came from President & CEO of BRP Jose Boisjoli who stated. This move is designed to enhance productivity and efficiency and to allow us to respond with even more agility to demand. Evinrude Discontinued; Mercury Marine Enters Agreement with BRP as Primary Engine Supplier. In releasing its first-quarter financial results on May 27, the company admitted that its two-stroke outboards simply failed to catch on with buyers in a market dominated by four-stroke competitors. “We will concentrate our efforts on new and innovative technologies and on the development of our boat companies, where we continue to see a lot of potential to transform the on-water experience for consumers,” he added. We will discontinue production of Evinrude E-TEC and E-TEC G2 outboard engines. We will discontinue production of Evinrude E-TEC and E-TEC G2 outboard engines. With Evinrude discontinued, Mercury Marine has entered into a strategic supply agreement with BRP to be the supplier of choice for BRP owned boat brands Alumacraft, Manitou, Quintrex & Stacer. ", Karim Donnez, the Senior Vice President of Marine Group, IS&T, and Global Transformation added: "We stay true and committed to our marine strategy, and we strongly believe that having two of the most innovative global marine companies to join forces, will not only be mutually beneficial to Mercury Marine and BRP, but also to the whole industry and to customers. This business segment had already been facing some challenges and the impact from the current context has forced our hand... We will concentrate our efforts on new and innovative technologies and on the development of our boat companies, where we continue to see a lot of potential to transform the on-water experience for consumers.”.
The company will also consolidate Alumacraft operations from two sites to one.
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