Sea Ray Sport Yacht / Yacht Division

Yachtguymke · Oct 9, 2008

I probably wouldn't consider this a rumor given my source but apparently Sea Ray is shutting down the production of the Sport Yacht and Yacht Division in the next few weeks until the 1st or after the 1st of the year due to lack of dealer orders, etc. I don't find this amazing by any means given the current market situation, but found it rather interesting.

Loren Schweizer · Oct 9, 2008

*yawwwn*

alloyed2sea · Oct 9, 2008

Not fair

Loren Schweizer said:

*yawwwn*
Click to expand...

As leader of the Chris-Craft faithful and general Sea Ray critic ("too much glitz") I say that one needn't ever underexpose Satan's shortcomings; only shine the light of discovery & derision ever brighter; especially at the nearest waterside bar, no?
Crybabies need not apply.
Cheers!
Eric
HISTORY HERE:
http://www.yachtsurvey.com/boatreviews/SeaRay55.htm

Pascal · Oct 9, 2008

Meridian plant in Wa. is being closed too
http://heraldnet.com/article/200810...ian.Yachts.to.shut.down.hundreds.to.lose.jobs

http://www.tradeonlytoday.com/images/stories/web/breaking_news/brunswick09.pdf

i saw a bunch of Sea Rays at a M.Max display outside a strip mall last week, parked between a Publix supermarket and a Best Buy Store. not a good sign...

Fishtigua · Oct 9, 2008

Pascal said:

Meridian plant in Wa. is being closed too
http://heraldnet.com/article/200810...ian.Yachts.to.shut.down.hundreds.to.lose.jobs

http://www.tradeonlytoday.com/images/stories/web/breaking_news/brunswick09.pdf

i saw a bunch of Sea Rays at a M.Max display outside a strip mall last week, parked between a Publix supermarket and a Best Buy Store. not a good sign...
Click to expand...

Pascal,

They make them from Clorox bottles anyway, they are just comeing home.

catmando · Oct 9, 2008

"Sea Ray-it is what it is". Me

I do like the 68EC though. The 63 Super Sun Sport is not bad either.

YachtForums · Oct 10, 2008

Brunswick accelerates downsizing with four plant closures
and loss of 1,450 jobs

By IBI Magazine

Brunswick said today that its previously announced initiative to downsize the company has been accelerated due to "extraordinary developments" in the global financial markets. Brunswick said it will close three US Marine plants permanently, and "mothball" its facility in Navassa, North Carolina. The closures would result in the elimination of 1,450 jobs.

"From the start of the year, we've experienced a 3,500-point drop in the Dow, mortgage and housing crises, record prices for oil, and, now, shrinking credit availability for companies and individuals," said Dustan McCoy, Brunswick chairman and CEO, in a statement. "The poor economy and the accompanying weak consumer sentiment have pressured marine markets, eroding the demand for boats and engines these past few months at a swifter pace than originally anticipated."

Brunswick said US Marine's manufacturing facilities in Pipestone, Minnesota, Roseburg, Oregon, and Arlington, Washington, would be closed by the end of this year and a fourth facility in Navassa, North Carolina, that builds Meridian motoryachts would be "mothballed" by early 2009. Production will be transferred to other facilities. Sea Ray is also suspending production at three plants near Knoxville, Tennessee, from the week of October 27 through the rest of 2008.

"In these difficult times as we move into the slowest selling season in the marine industry, it is clear that we must aggressively support our dealer network as they cope with the effects of the economic turbulence," said McCoy. "We remain on target to reduce fixed costs by $300 million by the end of 2009 compared with 2007 spending levels, and expect to exit 2008 with more than $125 million of fixed-cost reductions implemented. In fact, actions completed or currently under way will deliver about $75 million of cost savings this year."

The plant closures, added McCoy, will result in "significantly lower sales" in the fourth quarter. "Given the effect of lower fixed-cost absorption on these reduced sales in the remainder of 2008, we are no longer confident of achieving our goal of posting positive earnings for the full year, excluding restructuring and impairment charges," said McCoy.

Brunswick's stock closed yesterday at 8.120, down 18.8 per cent.
Click to expand...

Pseudomind · Oct 21, 2008

alloyed2sea said:

As leader of the Chris-Craft faithful and general Sea Ray critic ("too much glitz") I say that one needn't ever underexpose Satan's shortcomings; only shine the light of discovery & derision ever brighter; especially at the nearest waterside bar, no?
Crybabies need not apply.
Cheers!
Eric
HISTORY HERE:
http://www.yachtsurvey.com/boatreviews/SeaRay55.htm
Click to expand...

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Sea Ray Sport Yacht / Yacht Division

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