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Genmar chairman Irwin Jacobs said most of the company's factories are now operational, and will be in the foreseeable future, thanks to orders for new boats. "Having stronger predictable order backlogs is allowing us to more confidently firm up our business plan and strategies for exiting the Chapter 11 process and, most importantly, to satisfy as effectively as possible all of the various contingencies," Jacobs said.
Genmar is taking actions to sell several "non-core assets," Jacobs said.

* Production: Genmar has sufficient orders and has resumed production of its Ranger, Four Winns, Stratos/Champion, Larson/Glastron, FinCraft, Hydra-Sport, Wellcraft and Seaswirl brands.

* Vendor credit/payment terms: Genmar confirmed that credit terms for confirmed orders placed after the June 1 bankruptcy filing are treated as administrative expense claims and are considered first priority unsecured claims.

* Financing: Genmar is continuing discussions with its lenders concerning financing needs to develop the business plan and to implement that plan.

* Retention of investment bankers: Genmar has filed a motion to approve retention of Houlihan Lokey, an investment bank that will be responsible for exploring alternatives for Genmar, including reorganization, refinancing, sales or some combination thereof.

I've gotten 3 seperate parts orders drop shipped directy to me from FW. I've also gotten a warranty guy and a parts guy on the phone two seperate days, this week, and last.

No wonder we can't get FW parts shipped or people on the phone.............you have them tied up all the time!! Let us know when we can have a turn!

I just want my electrical issues resolved under warranty and enjoy using my boat. Right now it is pretty much useless to us since there us no VHF,horn,GPS,nav lights among other things. I am not happy and will certainly be letting others out there thinking of FW as a choice know of my situation. After all, one thing you buy a new boat for is to have that warranty so you aren't paying out the wazoo for repairs, which I am going to have to do now.

I just want my electrical issues resolved under warranty and enjoy using my boat. Right now it is pretty much useless to us since there us no VHF,horn,GPS,nav lights among other things. I am not happy and will certainly be letting others out there thinking of FW as a choice know of my situation. After all, one thing you buy a new boat for is to have that warranty so you aren't paying out the wazoo for repairs, which I am going to have to do now.

I just want my electrical issues resolved under warranty and enjoy using my boat. Right now it is pretty much useless to us since there us no VHF,horn,GPS,nav lights among other things. I am not happy and will certainly be letting others out there thinking of FW as a choice know of my situation. After all, one thing you buy a new boat for is to have that warranty so you aren't paying out the wazoo for repairs, which I am going to have to do now.

I think you would have run into this problem no matter what boat brand you would have gone with. Blame it on the economy.


I have been down the "buy it new for warranty" road before, whether it be, auto, RV, or Boat, they are all manufactured as economically as possible to keep profits in check. New does not mean trouble free! In many cases it means, "Here, be our dept that works all the bugs out!"

If you can not fix yourself, good luck with finding a dealer that will do it and hope the manufacture repays them! We are talking about Four Winns, you will get taken care of, I hope!