Subject: Re: Detroit Diesel to buy OMC From: Ed C <edcaro@sprintmail.com> Date: 1997/07/11 Message-Id: <33C6C226.508B@sprintmail.com> Newsgroups: rec.boats.cruising [More Headers] Katherine Slaughter wrote: > > Bob Stephenson wrote: > > > > I read today (7/9/97) that engine maker Detroit Diesel is > > going to buy one of the US's largest boat-builder and maker of > > outboard engines. Detroit Diesel said it plans to pay about $500 million > > for Outboard Marine Corp., which makes ChrisCraft, Grumman and Four Winns > > pleasure boats as well as Johnson and Evinrude outboards. > > > > Bob Stephenson > > http://www.geocities.com/Colosseum/3470/ > > Detroit Diesel and its management team, headed by Roger Penske and Tim > Luielliette (I can never get his spelling right), who just recently > joined Penske from heading up ITT Automotive, enjoy strong reputations > here in Detroit. DDA was nearly a gonner when Penske bought it from > General Motors. > > I'd say it bodes well for the boating industry. Don't know if either of > them are boaters, however! Any other opinions about the purchase? > > Katherine Slaughter Penske has a great reputation for turning things around, I'm glad to hear of his purchase of OMC. Omc's stuff is good but badly managed. Ex....It shouldn't take three months to get a part for any of OMC's engines. I think after the honeymoon is over we'll see a much better managed and a much better organized OMC. Ed C. S/V Escape
Home
Power Search
Post to Usenet
Ask DN Wizard
Help |
Give us feedback! |
Advertising Info |
Press Releases |
Jobs |
Policy Stuff Copyright © 1995-97 Deja News, Inc. All rights reserved. |