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BRP to Raise CN$262.3 Million with Initial Public Offering
Thu, 23 May 2013Bombardier Recreational Products announced an initial public offering price of CN$21.50 per share when the company goes public. At that price ($20.83 in U.S. dollars) for 12,200,000 shares, the IPO would generate proceeds of CN$262.4 million (US$254.8 million) for BRP, the company behind Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft, Evinrude & Johnson outboard engines, and Can-Am‘s ATVs, side-by-sides and Spyder three-wheeled roadsters.
2013 US Motorcycle Sales Data
Tue, 04 Feb 2014The Motorcycle Industry Council (MIC) reported a modest 1.4% growth in U.S. motorcycle and scooter sales in 2013, with consumers purchasing 465,783 vehicles. The sales data represents numbers from the MIC’s member brands which include BMW, Can-Am, Ducati, Harley-Davidson, Honda, Kawasaki, KTM, the Piaggio Group (which includes Aprilia, Moto Guzzi and Vespa), Victory, Suzuki, Triumph and Yamaha.
2008-2012 Can-Am Spyders Recalled for Fire Risk
Tue, 18 Dec 2012Bombardier Recreational Products has initiated two recalls in Canada on Can-Am Spyder Roadsters for a risk of fire due to a leaky gas cap. One recall covers certain units from model years 2008-2012, which covers all prior model years since the three-wheeler was first introduced in 2008. The second recall applies to model years 2008-2010.
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