Engine dealers stranded by default

Date: 1/2/2001

OMC, one of the world’s biggest makers of outboard motors Johnson and Evinrude has filed for bankruptcy protection, leaving several dealers of its profitable New Zealand and Australian business without new product and parts or warranty protection.

The company’s latest reports show it losing $US59.5 million on sales of $US565.7 million.

The company’s larger dealers remain confident that OMC will find a buyer soon.

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