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Boatbuilders make news in a variety of ways, among them by debuting new models and announcing business expansions or quarterly financial results.

Correct Craft to reduce work force this summer

Correct Craft says it did everything it could to avoid laying off employees, but the ongoing slump in marine sales is forcing the elimination of 98 positions starting Aug. 30. “To my knowledge we’re the only boat manufacturer in the country that has not had a shutdown since Christmas,” president and CEO Bill Yeargin told…more

Morris Boat Show starts next week

Morris Yachts will host the fifth annual Morris Boat Show July 17-19 at the sailboat builder’s service yard in Northeast Harbor, Maine. Dozens of Morris Yachts will be on the docks and in the sheds. This year’s show will feature the full lineup of M-Series yachts. The new flagship M52 and the new M29 join…more

Scout 151 Series designed as ‘impulse buy’ boats

Scout Boats is introducing a new 15-foot series that the company says can help dealers move product and encourage customers to enter and stay in boating. The 151 Series consists of four models — Standard, Sport, Sportfish and Dorado — offered with special package pricing that ranges from $9,995 to $14,495 for the boat, engine and trailer.…more

Sea-Doo rolls out new retail offers

Sea-Doo is offering two new rebate and warranty promotions on PWC and sport boat purchases. The first offers customers who purchase a new or unused personal watercraft a $1,200 rebate or a five-year limited warranty on 2007, 2008 and most 2009 models. The second offers customers a $5,000 rebate or five-year limited warranty on new…more

MasterCraft plan avoids bankruptcy filing

MasterCraft reports that it has found a way to return to viability without filing for bankruptcy protection, and is asking its vendors to accept a staged repayment plan or a discounted immediate payment. While this is an out-of-court process, it will take a “significant amount of cash to restart production and normalize the company,” CEO…more

Riviera drops Princess and Grand Banks brands

Riviera will no longer distribute the Princess Yachts and Grand Banks brands as it tries to pay off a $350 million debt. CEO John Anderson said that as of July 1 Riviera would not distribute those brands in Australia and New Zealand, Gold Coast Publications reports. Riviera, Australia’s largest luxury boatbuilder, announced in May it was…more

Sea-Doo PWC featured in reality show

Bombardier’s Sea-Doo personal watercraft will be featured in an upcoming episode of “Superstars,” a new reality TV show that debuts tonight on ABC. The show pairs eight athletes with eight celebrities for a variety of athletic competitions, with one team eliminated each week. The competitions include swimming, bicycle racing, rock climbing, kayak racing, and the…more

Moomba unveils new e-catalog

Moomba water-ski towboats, manufactured by Skier’s Choice Inc., launched a new interactive e-catalog on its Web site. The e-catalog provides full content product information to interested buyers within seconds of their request, and will open in any language the user has the computer set to. Other features include 3-D content views, a two-page view, page flips,…more

Ranger extends furlough by two weeks

Ranger Boats is extending a two-week furlough for two additional weeks because of reduced demand. Flippin, Ark.-based Ranger is one of 15 boat brands owned by Genmar Holdings, which filed June 1 for Chapter 11 bankruptcy protection. Ranger officials told local media the furlough was unrelated to the Chapter 11 filing. Company officials could not…more

Tiara owners branch out into turbines

The owners of Holland, Mich.-based Tiara Yachts are branching out with the formation of Energetx Composites, which plans to manufacturer wind turbine blades, nacelles and spinners for use in large utility turbine applications. “Energetx Composites is uniquely positioned to provide precision engineering and world class manufacturing capacity in an optimal geographic location to effectively supply…more

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