Here is the blurb from last week.
http://wjmlnews.blogspot.com/2009/02/fo ... anned.html
Quote:
the company is out of orders and that the shut down will likely go into effect once current orders are completed.
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| Four Winns is on a 5 week shut down https://www.smwebhead.com/phpBB3/viewtopic.php?f=2&t=2911 |
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| Author: | sj901196 [ Wed Feb 25, 2009 2:08 pm ] |
| Post subject: | Four Winns is on a 5 week shut down |
I required a replacement part and have been told that the factory is on a 5 week shut down! |
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| Author: | Cap'n Morgan [ Wed Feb 25, 2009 2:23 pm ] |
| Post subject: | Re: Four Winns is on a 5 week shut down |
Here is the blurb from last week. http://wjmlnews.blogspot.com/2009/02/fo ... anned.html Quote: the company is out of orders and that the shut down will likely go into effect once current orders are completed.
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| Author: | cougarcruiser [ Wed Feb 25, 2009 2:26 pm ] |
| Post subject: | Re: Four Winns is on a 5 week shut down |
Not an entirely true statement... Yes, they are shutting down for March. No, they are not 'out' of orders. However, they do need to let current inventory balance out with demand and orders have not been coming in at the pace which was expected. From what I have heard though - customer service, parts, warranty, and areas like that would still be "working". |
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| Author: | Cap'n Morgan [ Wed Feb 25, 2009 2:31 pm ] |
| Post subject: | Re: Four Winns is on a 5 week shut down |
cougarcruiser wrote: Not an entirely true statement... Yes, they are shutting down for March. No, they are not 'out' of orders. Quote: Jeff Olson, the president Four Winns, says they are looking at shutting production down for 3 to 4 weeks most likely in March. He says the company is out of orders and that the shut down will likely go into effect once current orders are completed. Hmmmm, I guess the president does not know what he is talking about. Shame on him for misleading the local news station. 
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| Author: | Wet Doggg [ Wed Feb 25, 2009 2:36 pm ] |
| Post subject: | Re: Four Winns is on a 5 week shut down |
Having grown up in Cadillac, being a good friend with the VP of Sales & Marketing for Four Winns as well as quite a few other employees as well as having Four Winns as a client of mine. I can tell you Mr. Olson does know what he is talking about. |
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| Author: | firecadet613 [ Wed Feb 25, 2009 2:44 pm ] |
| Post subject: | Re: Four Winns is on a 5 week shut down |
Wonder if that means my email inquiry about a 258 will be unanswered for 5 weeks.... |
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| Author: | cougarcruiser [ Wed Feb 25, 2009 2:54 pm ] |
| Post subject: | Re: Four Winns is on a 5 week shut down |
No need to take things so literally. That statement makes it sound like they have nothing left to build. There are outstanding 408 orders... SL262 has orders backing up. They just don't have 'enough' orders to justify keeping everyone going at a full time pace. |
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| Author: | Cap'n Morgan [ Wed Feb 25, 2009 2:57 pm ] |
| Post subject: | Re: Four Winns is on a 5 week shut down |
Like Joe Friday used to say: "Just the facts maam" From the Cadillac News: http://www.cadillacnews.com/story_news/ ... &year=2009 |
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| Author: | slman [ Wed Feb 25, 2009 3:31 pm ] |
| Post subject: | Re: Four Winns is on a 5 week shut down |
I'm glad my boat was built and delivered and my deal is done...I guess it worked out for the best in my case. Hopefully the factory will get going in the spring...I think everyone is a little gun shy with the economy...and add that to the fact its been a long, cold winter most places and people are just not thinking boats. That usually changes once spring fever sets in! |
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| Author: | captwalt [ Wed Feb 25, 2009 4:05 pm ] |
| Post subject: | Re: Four Winns is on a 5 week shut down |
I have been trying to reach someone in support for the last 3 days and all I get are voicemails........now i know why. |
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| Author: | 298VISTA2000 [ Wed Feb 25, 2009 7:11 pm ] |
| Post subject: | Re: Four Winns is on a 5 week shut down |
Thank goodness we have Genmar backing the Four Winns brand. Right after I purchased my 2000 298 Vista in October of 2000, OMC (who owned Four Winns at the time) went bankrupt and I was sweating bullets for a while. I still have the OMC label on my throttle. We are lucky to have Genmar and such a quality brand in Four Winns. |
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| Author: | aguyindallas [ Wed Feb 25, 2009 8:37 pm ] |
| Post subject: | Re: Four Winns is on a 5 week shut down |
Sad...very sad. Yet another boat brand, this time one that is a little more near and dear to us is struggling. Hopefully the shutdown for March will dry the supply up enough to keep things going. I have been told my more than one person that wholesale financing (the type the dealers use to finance the boats before consumers buy them) is getting VERY tough to obtain and the lenders are cutting back. This is bad in a lot of ways. In some ways, its nice though. It results in boats being made to order rather than have them stacked up. This helps resale value for us, but then again, makes it hard to just head to the boat shop and buy a boat and be in the water by the weekend. |
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| Author: | Jeff [ Wed Feb 25, 2009 9:24 pm ] |
| Post subject: | Re: Four Winns is on a 5 week shut down |
I'm glad that my 2009 has already been shipped and will be waiting for me with the FW shrink wrap still on in the spring. I guess I am lucky, I didn't encounter any financing difficulties. Jeff |
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| Author: | aguyindallas [ Wed Feb 25, 2009 9:27 pm ] |
| Post subject: | Re: Four Winns is on a 5 week shut down |
Jeff wrote: I'm glad that my 2009 has already been shipped and will be waiting for me with the FW shrink wrap still on in the spring. I guess I am lucky, I didn't encounter any financing difficulties. Jeff The financing difficulties I am talking about are not the loans that consumers get when they buy a boat (although they are also harder to get now than before I am told). These are lines of credit that banks give dealers to finance the boats from the time they arrive at the boat dealer until the consumer buys them. Its called "floor plan". The major players in this market are reducing dealers lines of credit and making them pay down or pay off aging inventory faster than they have before. 2 years ago, they may let a dealer have 5 million dollars worth of inventory, now they may be only allowing 2 million. Thats just an example. |
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| Author: | cougarcruiser [ Wed Feb 25, 2009 9:31 pm ] |
| Post subject: | Re: Four Winns is on a 5 week shut down |
It's all about reducing that extended credit these days. Just think of the millions that are sitting on lots these days -- cars, boats, motorcycles, RVs. Holy cow. These institutions HAVE to get their liability in order. Makes me shudder just thinking about it. |
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