All Engines and Propellers articles – Page 32
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NewsOXE Marine publishes first quarter results
Swedish outboard engine maker OXE Marine discussed the impact of Covid-19 on the company’s results for the first quarter of 2020, ending March 31
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NewsCXO300 diesel outboard enters production
Cox Powertrain has announced the start of production of its 300hp diesel outboard engine, the CXO300, at its UK headquarters and advanced assembly and test facilities in Shoreham, West Sussex.
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NewsOXE Marine selects US manufacturing partner
Sweden’s OXE Marine AB has chosen Outdoor Network Manufacturing (ONM) in the US to serve as its manufacturing partner in the US.
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NewsYamaha extends shut down at outboard engine factories
Following a previous announcement on April 9th concerning the closure of its principal outboard engine factories during May, Yamaha Motor has now decided to extend the shut down at its Fukuroi and Yatsuhiro plants for a further two weeks until the 15th of June. According to the earlier statement, the ...
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NewsTwin Disc Q3 results shored up by ‘stable marine demand’
The US-based manufacturer of marine power transmission equipment reported an 11% drop in sales for its third quarter ending 27 March, to $69 million
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NewsBrunswick Q1 ‘resilient’ despite COVID-19 impact
Brunswick Corporation released first quarter 2020 financial results and reported a strong pre-coronavirus performance, with “resilient operating margins despite COVID-19 impact”
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NewsTesting times accelerate new trends towards sustainable business
The world around us has changed dramatically since the start of 2020. Most of us have been impacted personally, professionally or both. Health and safety have become a critical focus. When we think about sustainability in these changing times, we believe that it includes not just environmental aspects, but also ...
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NewsVolvo struggles to define ‘new normal’
The Volvo Group – parent company of Volvo Penta – released financial results for the first quarter of 2020, revealing the severe impact of Covid-19 on the company’s global operations and continued uncertainty about what demand will look like once the crisis subsides. Marine division revenues weakened somewhat towards the ...
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NewsCox issues CXO300 production update
The UK’s Cox Powertrain today announced that assembly of its new CXO300 diesel outboard engine will proceed as planned at its Shoreham-by-Sea headquarters, while the company’s ramp-up production schedule will begin in Q3 when supply chains are hoped to be operating nearer pre-Covid-19 levels.
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NewsBRP takes further steps to manage COVID-19 impact
After slowing down and temporarily suspending manufacturing at all powersports and marine operations sites around the world, Canada’s BRP Inc. announced a series of additional measures – including cost-containment measures and employee compensation changes – to protect the company’s financial flexibility and long-term growth.” BRP’s marine-related products are captured in ...
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NewsYamaha suspends production at outboard engine factories following US closures
Lower demand and supply problems are factors in the latest decision to suspend production for effectively a month
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NewsRolls-Royce uses financial measures to combat COVID-19 challenge
Measures include a dividend cut, revolving credit and reduced salaries
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NewsBRP temporarily halts or slows down global operations in response to Covid-19
Bombardier Recreational Products (BRP) has announced that, due to the rapid evolution of the COVID-19 situation, the company is temporarily suspending or slowing down all powersports and marine manufacturing operations around the world. These actions, says BRP, will allow the company to evaluate and respond to the changing conditions, as ...
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NewsNorwegian firm develops 150hp electric outboard
Evoy’s new motor will have its world premiere in Florø later this season
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NewsVolvo provides Covid-19 update
The Volvo Group has postponed its Annual General Meeting given the uncertain and accelerating developments in the wake of the coronavirus
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NewsWith many closures already, Volvo alters dividend proposal
In light of Group operations which are – or will be – temporarily closed, the Board of Directors will withdraw its proposal foran extra shareholder dividend given the significant changes in the business environment since announcing 2019 financial results
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NewsVolvo issues statement on Covid-19
Sweden’s Volvo Group has issued an update on the impact of Covid-19, stating that there is a “considerable risk of material financial impact on the Group as from mid-March.”
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NewsTohatsu Outboards NZ under new ownership
The directors of Tohatsu Outboards NZ Ltd have announced that the business is being sold to their business partner Lakeside Marine NZ Ltd, a subsidiary of Lakeside Marine Pty Sydney.
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NewsFPT Industrial acquires electric powertrain specialist
Marine powertrain specialist FPT Industrial has taken another step towards electrification with the acquisition of Potenza Technology, a UK company that specialises in the design and development of electric and hybrid-electric powertrain systems.
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NewsBarrus adds new range of electric outboards
The UK engine distributor has added Shire electric outboards to its marine portoflio
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