JigBite
01-02-2001, 05:54 PM
Here's a clip from a press release ... check out the second paragraph. Interesting to say the least!
Waukegan-based OMC has said publicly it's unlikely that its thousands of dealers will run into any availability or service problems during the coming summer season. But some dealers figure consumer jitters don't have to be justified to hurt sales. The next few weeks will provide a clue as to just how much damage to OMC's dealers the company's widely publicized troubles will cause.
One of OMC's biggest engine customers already has made up its mind. Closely held boatmaker Genmar Holdings, after considering Outboard Marine's "enormous problems," is "already moving out of OMC," Chief Executive Irwin Jacobs said in an interview. In the future, he said, his Minneapolis company would rely instead on OMC engine rivals such as Brunswick Corp.'s Mercury engine group and Yamaha of Japan.
The outspoken former corporate raider, asked about widespread speculation that Genmar will be a bidder for Outboard Marine's assets, said flatly that "we have no interest in the engines" and voiced little interest in the boat operation, either.
Waukegan-based OMC has said publicly it's unlikely that its thousands of dealers will run into any availability or service problems during the coming summer season. But some dealers figure consumer jitters don't have to be justified to hurt sales. The next few weeks will provide a clue as to just how much damage to OMC's dealers the company's widely publicized troubles will cause.
One of OMC's biggest engine customers already has made up its mind. Closely held boatmaker Genmar Holdings, after considering Outboard Marine's "enormous problems," is "already moving out of OMC," Chief Executive Irwin Jacobs said in an interview. In the future, he said, his Minneapolis company would rely instead on OMC engine rivals such as Brunswick Corp.'s Mercury engine group and Yamaha of Japan.
The outspoken former corporate raider, asked about widespread speculation that Genmar will be a bidder for Outboard Marine's assets, said flatly that "we have no interest in the engines" and voiced little interest in the boat operation, either.