SATURN TO NEPTUNE
the first woman to run a major U.S. auto company, is going to sea. In
April the 47-year-old chairman and president of the Saturn division
of General Motors took control of Sea Ray.
succeeded William J. Barrington as president of the Sea Ray Group, which
includes Sea Ray, Baja, and Boston Whaler. The 5,000-employee company
is based in Knoxville, Tennessee. Barrington now heads the U.S. Marine
Group, maker of Bayliner, Trophy, and Maxum, for Sea Ray's parent
company, Brunswick. "We are extremely pleased to have an executive
of Cynthia's caliber and accomplishment," says George W. Buckley,
chairman and CEO of Brunswick.
same month Brunswick announced U.S. Marine was cutting 170 jobs and suspending
production at eight plants for one to five weeks. "Suspending production
was the only way to bring inventories down to acceptable levels,"
This month PBS begins airing "Cruising America's Waterways,"
a 13-part series that explores interesting destinations and activities
for boaters. The program's three cast members, who include singer/songwriter
Jonathan Edwards, travel in everything from a 30-foot cruiser to a luxury
liner to rediscover America's canals, lakes, rivers, and oceans.
The show's itinerary includes the Florida Keys, Champlain Canal,
Thousand Islands, and Finger Lakes. ...In March Fairline opened
a new 45,000-square-foot factory in Nene Valley, England. Joining chairman
and managing director Derek Carter were members of the press, Fairline
dealers, and the Duke of York, who toured the plant and spent time aboard
a Squadron 65. Carter told the audience the facility helps Fairline meet
demand for its boats both at home and overseas. ...Also in March the
U.S. Supreme Court threw out a case concerning whether boatbuilders are
liable for injuries or deaths caused by propellers. Rejecting an appeal
by Stephen G. Lady, who lost a leg in 1995 when his PWC crashed into a
pleasureboat, the High Court let stand a decade-old U.S. Coast Guard decision
that boat manufacturers are not required to equip their vessels with propeller
the strict new rules for public companies that he launched as chairman
of the Securities and Exchange Commission, Arthur Levitt named his new
fishing boat Full Disclosure. It's fitting: The SEC rules prevent
leaks of corporate data from which investors might profit; Levitt's new
27-foot Jupiter will hopefully be just as free of leaks.
announced in March that it was recalling all 1999 and 2000 Evinrude FICHT
200- and 225-hp outboards. Some engines have been found to have fuel leaks
that could result in fire or explosion, the company said in a letter to
Bombardier bought the Outboard Marine Corporation (OMC) engine
brands Johnson and Evinrude, after OMC filed for bankruptcy.
Bombardier said it would absorb all the costs of the recall and in April
created a new entity, the Boats and Outboard Engines division, that includes
its Sea-Doo sportboat and Evinrude and Johnson.
notifying dealers of the fuel leaks, Bombardier began contacting owners
about repairs and upgrade kits. In a letter to dealers, Bombardier chairman
Roch Lambert wrote: "This is a top priority. ...We intend to work
diligently...to correct this safety-related problem and get [the engines]
back on the water as quickly as possible."
more information, log on to www.evinrude.com.
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