The U.S. Environmental Protection Agency and the U.S. Justice Department announced a settlement with Caterpillar to resolve alleged Clean Air Act violations for shipping more than 590,000 highway and non-road diesel engines without the correct emissions controls.
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Brunswick Corp. today reported higher marine wholesale shipments, which helped it achieve an increase in net sales and net earnings for the second quarter.
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Marine Products Corp., manufacturer of Chaparral and Robalo boats, today reported a drop in sales and profits for the second quarter, which ended June 30.
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Sea Ray Boats laid off 17 people on July 14 at its operation in Forks of the River Industrial Park in East Knox County, according to an announcement from the Tennessee Department of Labor and Workforce Development reported in the Knoxville News Sentinel.
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Source Interlink Media announced that Matt Trulio, the founder/publisher of speedonthewater.com and former editor at large for Powerboat magazine, was named editor-in-chief of Sportboat magazine.
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Joe Lewis, president of Mount Dora Boating Center in Mount Dora, Fla., was elected chairman of the Grow Boating board of directors for the 2011-12 term.
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Active Interest Media chairman and CEO Efrem "Skip" Zimbalist III announced that the company acquired a group of key assets from Dominion Enterprises, including Soundings Trade Only, Soundings, Woodshop News and PassageMaker magazines, and the popular Trawler Fest events.
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The new-boat market slipped in June as sales of fiberglass boats, including personal watercraft, dropped 1.7 percent and sales in the popular 14- to 30-foot category fell 4.8 percent.
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The law firm Greenberg Glusker announced today that it secured a $1.1 million judgment on behalf of its client in a consumer warranty act case against boatbuilder Tiara Yachts and engine manufacturer Volvo Penta of the Americas.
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Four businessmen/anglers purchased all rights to the name, trademark, molds, jigs, tools and other assets of the Warrior Boats brand, the group announced.
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With the formal launch of its 4.3Gi, 200-hp entry-level V-6 engine, Volvo Penta completed the transition to the New Generation, New Technology gasoline sterndrive lineup it started a year ago, the company announced.
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A wide-ranging survey of nearly 300 dealers confirms that "2011 is not the inflection year that many hoped for going into the selling season," according to a report from RBC Capital Markets.
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Hyundai SeasAll recently unveiled two new diesel models - the U125 and the H420 - at the Korea International Boat Show, and both are expected to be available in the United States next year.
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Moody's Investors Service upgraded Brunswick Corp.'s corporate family rating to B1 from B2 because of expectations that its earnings will continue to improve in the near to mid-term amid stabilizing demand trends and a significantly lower cost structure.
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Johnson Outdoors Marine Electronics Inc. acquired the assets of Waypoint Technologies, maker of LakeMaster, a brand of high-definition electronic lake charts.
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Both the number of boats sold and the total value of the sales increased in June, compared to June 2010, according to reports by U.S. brokerage members of YachtWorld.com. Unit sales rose 1 percent, but the 3,446 boats was higher than in any month since 2007.
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Jeff Wasil, emissions certification engineer for Bombardier Recreational Products' Evinrude Marine Engine division, testified Thursday on behalf of the National Marine Manufacturers Association at a congressional hearing titled "Hitting the Ethanol Blend Wall: Examining the Science on E15."...
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