Dedicated To The Smallest Of Skiffs banner

1 - 5 of 5 Posts

·
Curmudgeon Emeritus
TBD
Joined
·
5,000 Posts
Discussion Starter · #1 ·
http://www.startribune.com/sports/outdoors/46664287.html

The recession and higher gasoline prices have decimated the Irwin Jacobs company.

By SUSAN FEYDER, Star Tribune
Last update: June 2, 2009 - 5:22 AM

Genmar Holdings Inc., the Minneapolis-based boat manufacturer founded and headed by Twin Cities businessman Irwin Jacobs, Monday filed for protection from its creditors under federal bankruptcy laws.

Jacobs said the credit collapse and weak economy have decimated sales of everything in Genmar's product line, which includes 12-foot fishing boats, runabouts for water skiing and tubing and luxury yachts for millionaires in the United States and 40 other countries. The sales decline began in 2008 but has worsened in recent months, which are typically a peak sales period for Genmar and others in the boat business.
 

·
Curmudgeon Emeritus
TBD
Joined
·
5,000 Posts
Discussion Starter · #2 ·
Genmar is the world's second-largest producer of consumer powerboats, ranging from fiberglass fishing boats to luxury yachts. Its brands:

Ranger, Champion, Stratos, Hydra-Sports, Wellcraft, Triumph Seaswirl, FinCraft, Scarab, Four Winns, Carver, Marquis, Larson, Glastron. http://www.genmar.com/
 

·
Founder of Microskiff, Member of the Gheenoe Army
Joined
·
5,303 Posts
For those who don't like to read  ;D

[media]http://www.youtube.com/watch?v=NCqdIcXohQ0&feature=player_embedded[/media]
 
1 - 5 of 5 Posts
Top