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BRP to Raise CN$262.3 Million with Initial Public Offering

Bombardier 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.

Bombardier Designs Alternative-Fuel Unicycle

Not only has Bombardier designed and built snowmobiles, planes, trains and the Can-Am Spyder, the privately held Quebec-based company also tinkers with prototypes like the Embrio – the French Canadian answer to the Segway Human Transporter and resembles closely to the “Uno”. Unlikely to ever see actual production, this one-wheeled concept uses gyroscopic technology to balance its rider. The vehicle was allegedly designed to demonstrate what we bipedal humanoids might be using for transportation in the year 2025.

2008-2012 Can-Am Spyder Fuel Vapor Leak Recalls Expands to US

A pair of recalls for fuel vapor leaks on Can-Am Spyder roadsters has expanded to the U.S. According to the National Highway Traffic Safety Administration, one recall affects 9,600 units from model years 2008-2010 while the second, larger recall affects 33,700 from model years 2008-2012. An earlier recalls from Transport Canada affects 9400 units for the a fuel cap issue and 2,431 units for a fuel vapor canister vent hose issue.