All USA articles – Page 193
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NewsLippert execs take pay cut, trim jobs, create emergency fund
American equipment maker Lippert Components announced further measures the company is taking to weather the Covid-19 storm including salary reductions, job furloughs, and emergency funding for employees impacted by the crisis. The company said it would ‘pause’ on acquisition activity aimed at diversification, but continue to invest in technology
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NewsNMMA announces 23 layoffs, discontinues export development program
Further to today’s IBI News Flash entitled ‘Layoffs at NMMA’, the US trade association has just released the following email to its member companies. Dear NMMA Member, I hope you and your family are well and remaining healthy. Over the past month, the NMMA team has been working closely with ...
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NewsTwin Disc reducing salaries, staff to combat COVID-19
Twin Disc, the maker of marine and off-highway power transmission equipment, has announced a series of…
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NewsGreenwood named to head Suzuki Tech Center
Industry veteran David Greenwood has worked at Suzuki for 34 years
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News
Layoffs at NMMA
The National Marine Manufacturers Association (NMMA) in the US is dismissing more than 20 staff members effective immediately as a result of COVID-19, IBI has learned from international sources. The positions appear to be at all levels throughout the organisation. An official announcement is expected in the coming hours. The ...
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NewsMaverick Boat Group adapts to remain operational
Maverick Boat Group (MBG) continues to build its four brands at two locations in Fort Pierce, Florida, despite the challenges of producing product under the rules of engagement with the COVID-19 virus, and company CEO Scott Deal went to Facebook on Friday to make it clear.
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NewsMarine lenders working with boaters/dealers, independently
A call for US marine lenders to temporarily postpone boat loan payments is being answered, but not collectively or formally, according to bankers involved in both consumer and commercial boat loans. National Marine Lenders Association president John Haymond – a Sr VP of Business Development with Medallion Bank – told ...
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NewsFairline appoints sales manager for the Americas
The UK’s Fairline Yachts has appointed Steve Leeson as sales manager for the Americas.
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NewsMarine manufacturers seek out production opportunities
US marine manufacturers large and small continue to look for opportunities to aid in the fight against the COVID-19 pandemic while keeping people safe and working.
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NewsMarineMax expects Q2 revenues equal to or above 2019
America’s largest boat retailer announced expected revenues for its second quarter ending 31 March of $303 to $308 million, along with further insights on how the Cornovirus is affecting the company
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NewsSome US boat dealers note sales uptick despite Covid-19
Interest rate cuts and low fuel prices said to drive interest in boating as a means of social distancing
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NewsUS powerboat registrations up through January
Sales of new powerboats were up 5% on a rolling three-month YOY basis
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NewsCJR Propulsion appoints president of US operations
Joel Kmetz brings 30 years of sales and leadership experience to the role
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NewsMarine Products Corp suspends production
Marine Products Corp announced on Monday that it had temporarily suspended manufacturing operations at its Nashville, Georgia production facility. The facility produces all of the company’s recreational pleasure boats under the Chaparral, Robalo and Vortex brand names.
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NewsUS Paycheck Protection Program begins 3 April
Boat dealers and small builders in the US can begin applying for economic relief this weekend under a new government program put into place to stem the financial effects of the COVID-19 pandemic.
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News2019 US sailboat sales drop
The NMMA releases its first 2019 Statistical Abstract for the sailboat sector
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NewsWhat the US$2 trillion relief package means to the boating industry
With over half the US under ‘stay at home’ orders from state or local governments, President Trump has signed a US$2 trillion economic relief package aimed at workers and businesses of all sizes, while separate action has seen additional action on tariffs. The package allows businesses to delay payment of ...
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NewsSuzuki to build US Marine Tech Center
Suzuki Motor of America is finalising plans for the Suzuki Marine Technical Center USA to be built on 20 acres of waterfront in Panama City, Florida. While an official groundbreaking date has not been set, site preparation is underway and exiting buildings on the property are in final renovation. Suzuki ...
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NewsBoating industry answers the call
Boat and yacht manufacturers are donating PPE for frontline medical workers to help curb the spread of Covid-19
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NewsNMMA/MRAA: Boating industry must come together to prevent a financial body blow to entire ecosystem
The National Marine Manufacturers Association (NMMA) in the US today released the following statement: ”Over the last few weeks, the coronavirus – officially known as COVID-19 – has brought most aspects of everyday life to a grinding halt. With each passing day in this new reality, it is becoming increasingly ...
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