Yamaha Canada Transfers All Shares To US
In early October we received a press release from the Yamaha camp stating that the Board of Directors of Yamaha Motor Co in Japan had decided to transfer all shares of Yamaha Motor Canada Ltd. to its American subsidiary.
This immediately prompted a flood of panicky emails to our inboxes from die-hard Yamaha owners questioning whether they’d be able to find a dealer inside of Canada any longer.
The announcement may have seemed fairly rigid and admittedly caught us off guard too so we decided to do some digging to get the necessary clarification.
After speaking with our sources at YMCA, we have uncovered the truth behind the announcement.
Turns out this is decision to transfer shares is simply to satisfy accounting and will have no affect on the outward function of the distributors on either side of the border.
Yamaha Japan continues to own both North American distributors (Canada and US) and the President in Canada still reports to the acting President right across the border.
We’ll continue to keep an eye on the topic, but are confident this announcement was nothing more than protocol to keep shareholders in the loop.
More Like This
LATEST VIDEOS View All
Bargain Barn Find 1991 Yamaha SnoSport!
January 16, 2022
Motorhead Mark shows off this iconic 1991 Yamaha SnoSport that Luke picked up a few weeks ...
In-Depth Overview of Which Polaris Indy Is Right For You
January 15, 2022
With so many different models to choose from, Luke dissects the Polaris Indy snowmobile lineup ...
Do Winter Tires Really Make A Difference?
January 14, 2022
AJ reviews the Hercules Avalanche TT Premium studdable winter tires that we are using on our ...
Is SKI-DOO The Undisputed King of Innovation?
January 13, 2022
Luke takes an in-depth look at the technological innovations from Ski-Doo which have shaped ...
Top Gear View All
Ask Motorhead View All
November 15, 2020
600 EFI, 600 ETEC or 900 ACE?
Mark takes a look at which of these sleds is right for a reader...
Press Releases View All
October 27, 2021
2021 SNOWMOBILE HALL OF FAME INDUCTEES
John Faeo, Dale Loritz, Craig Marchbank, and Brian Sturgeon to be honored at 2022 ceremony in St. Germain, Wis.; Snowmobile fans invited ...
Tourism View All
November 3, 2021
Halfway Haven Reopening Averts Major Trail Closures
Halfway Haven is located north of Sault Ste. Marie, on a remote stretch of Trans Ontario Provincial (TOP) Trail D between Searchmont ...