Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Bombardier, maker of planes and trains and other things -- Ignore unavailable to you. Want to Upgrade?

To: Gilbert Drapeau who wrote (945)	11/8/2001 2:40:42 PM
From: Gilbert Drapeau	Read Replies (1) \| Respond to of 1177

Bombardier to Offer Line of Four-Stroke Engines Under Legendary Johnson Brand STURTEVANT, WISCONSIN--NOVEMBER 8, 2001 - 14:31 EST Pursuing its goal of always being more environmentally-responsible Bombardier Recreational Products, a leading provider of recreational marine products, announces it will expand its current Johnson outboard engine line with the addition of several new models featuring state-of-the-art four-stroke technology. The Johnson outboard line currently includes two-stroke outboards ranging from 3.5 horsepower to 175 horsepower. With today's announcement, the Johnson line will incorporate several new four-stroke models ranging from 6 to 70 horsepower. "Dynamics in the global marine marketplace require a convergence of technologies, such as cleaner ones, to meet the demands and lifestyles of today's boating enthusiasts," said Roch Lambert, Vice President and General Manager of Bombardier's Boats and Outboard Engines division. "We already offer a diverse line of outboards designed to enhance today's boating lifestyle. Pursuing our efforts of always being more environmentally responsible, we now propose, with the addition of four-stroke engines, a broader line of outboards equipped with a range of technologies that will enable us to extend our reach across our entire global distribution system. Our dealers, boat builders, consumers and other stakeholders will benefit from the expanded Johnson outboard lineup." The initial four-stroke offering consists of 6, 8, 9.9, 15, 40, 50, 60, and 70-horsepower models. The phased product roll-out is expected to begin just after the new year, hitting the showrooms just in time for the boat show season. Some of these new models will be produced by Suzuki to Bombardier's demanding quality standards under a recently secured supply agreement. "This supply agreement will soon lead to a complete line of Johnson branded four-stroke engines available worldwide," Lambert continued. "The new Johnson four-stroke engines perfectly complement our Evinrude two-stroke Ficht(R) lineup, providing us with a wide range of environmentally-friendly outboard engines. Moving ahead, we will be positioned to bring to the consumer a variety of innovative and technologically advanced products that offer the durability, quality, reliability and on-water excitement boaters demand." Bombardier Recreational Products designs, develops, builds, distributes and markets Ski-Doo(R) and Lynx(R) snowmobiles, snowgrooming equipment and multi-purpose tracked vehicles, Bombardier(R) all-terrain vehicles, Sea-Doo(R) watercraft and sport boats, Bombardier Fish Hawk(TM) fishing boats as well as the Evinrude(R) and Johnson(R) outboard marine engines and the Ficht Ram Injection(R) technology. Snowmobiles, ATVs, watercraft and some sport boats are powered by Rotax(R) engines that are designed and built by Bombardier-Rotax GmbH, which also builds motors for motorcycles, scooters, karts and aircraft. Bombardier Inc., a diversified manufacturing and service company, is a world leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorized recreational products. It is also a provider of financial services and asset management. The Corporation employs 79,000 people in 24 countries in the Americas, Europe and Asia-Pacific and its revenues for the fiscal year ended Jan. 31, 2001 totalled $16.1 billion Cdn. (R) (TM) Trademarks of Bombardier Inc. or its subsidiaries

To: Gilbert Drapeau who wrote (945)	11/8/2001 3:34:30 PM
From: Gilbert Drapeau	Read Replies (1) \| Respond to of 1177

Bombardier Files Suit Against Amtrak MONTREAL, QUEBEC--NOVEMBER 8, 2001 - 14:47 EST Bombardier Corporation, a subsidiary of Bombardier Inc., filed suit against Amtrak today in the United States District Court for the District of Columbia claiming that Amtrak disrupted its ability to produce and deliver the high-speed trainsets and locomotives for the Northeast Corridor (Acela Express) in a timely and efficient manner. The Corporation seeks to recover at least US$200 million (Cdn$318 million) in damages, which include additional and unwarranted costs incurred during the execution of the Acela Express project. These costs have already been accounted for by the Corporation, as part of the total project costs. Bombardier's claim states that Amtrak did not provide track upgrades necessary for high-speed service. As a result, the trains had to undergo more than a year and a half of additional testing. "Track quality and train design go hand in hand," said Jacques Lapare, President, North America, Bombardier Transportation. "Had Amtrak delivered the quality of tracks required for high-speed service, we could have avoided costly and time-consuming testing and the trains would now be running at full speed. Trip times would be reduced and passenger comfort would be increased." Bombardier's complaint also states that Amtrak provided inaccurate information about the dimensions of tunnels, electromagnetic interference on the Northeast Corridor and track geometry. It further contends that Amtrak delayed decision-making on major technical issues as well as a series of design details, which in turn halted progress in critical areas and led to production modifications and design revisions. "We ask that Amtrak take responsibility for its shortcomings on the Acela project, so that we can resolve outstanding issues. Bombardier Transportation has delivered all 15 locomotives and 15 of the 20 trainsets called for in the US$710 million (Cdn$972 million) contract awarded in 1996, and expanded in 1998, and they are performing well," said Lapare. "We believe the facts of this case will show that Amtrak disrupted our ability to deliver the Acela trainsets and locomotives on time and on budget, and caused major costs overruns." The 46-page complaint comes after repeated attempts by Bombardier to achieve a settlement through negotiations. "While we regret having to resort to legal action in this matter, we have reached an impasse in our discussions with Amtrak and see no other alternative to protect our rights and resolve this dispute," added Lapare. "We are proud to be associated with the development and realisation of the first high-speed train project in North America. We are delivering a very high quality product that obviously suits the needs of Amtrak, as indicated by the very positive comments, both public and private, that we have heard from Amtrak and its passengers," concluded Lapare. Bombardier Transportation is the global leader in the rail equipment, manufacturing and servicing industry. Its wide range of products includes passenger rail cars and complete rail transportation systems. It also manufactures locomotives, freight cars, propulsion & controls and provides signaling equipment and systems. Bombardier Inc., a diversified manufacturing and service company, is a world leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorized recreational products. It is also a provider of financial services and asset management. The Corporation employs 79,000 people in 24 countries in the Americas, Europe and Asia-Pacific and its revenues for its fiscal year ended Jan. 31, 2001 totalled Cdn$16.1 billion.