All Engines and Propellers articles – Page 23
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NewsVision Marine IPO opens higher, shares soar in first day of trading
Vision Marine Technologies’ first day of trading on the US Nasdaq saw its IPO open 10% higher, at US$11.03 per share, then gaining 72% at its peak before some profit taking closed the day at US$13.69, nearly 37% first-day growth. The Quebec, Canada-based manufacturer of E-Motion electric outboard powertrains announced ...
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NewsProduction move impacts OXE Marine results; BMW to co-brand OXE300
OXE saw a busy third quarter with a 77% jump in its order book, further development plans with BMW and Evoy, preparations for production in the US and Poland, and first sales to China via partner Parsun Power
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NewsE-Motion outboards to go public, Vision to price placing
Vision Marine Technologies, the Canadian firm behind the E-Motion electric outboard, has announced an initial public offering of 2.4 million common shares at US$10 per share to raise US$24m before offering expenses. The new stock will be offered on the Nasdaq under the ticker symbol ‘VMAR’ with trading beginning today ...
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NewsNanni in supply deal with Integrity Boats
French engine manufacturer Nanni has announced that its N6.285CR2 engine has been chosen by Integrity Boats to power its latest model, the Classic 440 Sedan.
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NewsTorqeedo hosts digital conference, announces new products for 2021
German electric propulsion specialist Torqeedo announced a raft of new products and developments at a digital press conference yesterday.
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NewsTorqeedo to host digital conference this week
The event takes place on Thursday 19 November at 2pm CET
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NewsOXE Marine dealer wins US government contract
OXE Marine AB distributor, Diesel Outboards LLC, has confirmed an order for more than 50 OXE300 outboard motors from Spartan Corp, a premier dealer that has been awarded a US government multiyear contract to outfit and support operations in Central America.
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FeatureNew technology and sustainability ambitions go hand-in-hand
With a new commitment to emission-free products by 2050, Volvo Penta is teaming up with a range of partners to collaborate on bringing new technologies to the market
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NewsBentley to stop making fossil fuel cars by 2030, hybrids only from 2026
Bentley, the British luxury carmaker, in a bid to champion sustainability, has announced that it will stop making fossil fuel cars and switch to hybrids from 2026 and aims to be completely carbon neutral by 2030.
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NewsVolvo Penta to exit outboard segment
Swedish engine maker Volvo Penta announced today that it will phase out production of Seven Marine outboard engines, although it will continue to support the brand’s existing customer base
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NewsVolvo outlines path towards zero-emission products
As part of its Market Capital Day, Sweden’s Volvo Group made a passionate pitch to investors today about the company’s vision for fossil-free products and for the business as a whole over the next two decades
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NewsSuzuki Marine has credible first-half year
While total corporate results showed sigfnificant weakness, Suzuki’s Marine division produced first-half results virtually level with 2019…
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NewsBrunswick reports ‘outstanding’ Q3 and is bullish on 2021
The industry’s largest company said it outperformed the market in its third quarter ending September 30, achieving double-digit growth in sales and earnings. Historically-low boat inventory levels position the company exceptionally well for the remainder of the year and throughout 2021.
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NewsNew Volvo Penta president outlines challenges and changes going forward
Sustainability a key theme as well as attracting new and younger people
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NewsCummins’ North American sales decline, international sales stable
Cummins Inc closed its third quarter with revenues down 11% to US$5.1bn from last year, led by an 18% drop in North American sales while international revenues were flat.
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NewsCaterpillar crawls through rough third quarter
Caterpillar Inc has announced third-quarter earnings that are down across the board, led by lower end-user demand. The Deerfield, Illinois-based Cat reports sales and revenue of US$9.9bn, a 23% decline from Q3 2019. Profit per share was down 54% at US$1.22, while operating profit margin dropped nearly 6 points to ...
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NewsOutdoor Network to manufacture OXE outboards in Georgia
The new facility will produce the complete line-up of OXE diesel outboard engines from 125hp through to 200hp. Currently manufactured in Sweden, but as reported by IBI in May this year, Outdoor Network (ODN) was successful in winning the contract for US production. At that time Tom D’Azevedo, chairman and ...
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NewsScania extends Maritimo partnership to North America
Swedish engine manufacturer Scania today announced the expansion of its longstanding partnership with Maritimo to include boats built for the US and Canada.
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NewsVolvo Penta posts strong Q3 profitability
Volvo Penta saw improved profitability on flat sales for Q3, with a large uplift in service sales attributed to the high level of summer boating activity; the division also provided engine delivery and order numbers for the first nine months of the year
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NewsTalking Products: Cox updates IBI on the roll-out of its new diesel outboard
Hugh Huddelston, newly appointed head of sales at Cox Powertrain, provides IBI’s Ed Slack with the latest information on production goals for its new engine, expectations for the leisure sector, and development of the company’s distribution network.
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