A local boat manufacturer of two well-known brands of powerboats closed its doors Wednesday after 15 years of manufacturing and selling the floating luxury items.<\/p>\n
Power Marine and Motor Sports Inc, manufacturing corporation of Magic Powerboats and Sleek Powerboats, bid farewell to its employees and consumers Monday for unknown reasons, according to the corporation\u00e2\u20ac\u2122s owner.<\/p>\n
\u00e2\u20ac\u0153We are not bankrupt, we are just closing our doors. \u00e2\u20ac\u00a6It is very hard,\u00e2\u20ac\u009d said Ron Moyes, owner of Magic and Sleek brand boat manufacturing corporation.<\/p>\n
The longtime owner of the Lake Havasu City-based manufacturing plant and sales office would not comment as to reasons surrounding the company\u00e2\u20ac\u2122s closure.<\/p>\n
\u00e2\u20ac\u0153We started downsizing (staff) last September,\u00e2\u20ac\u009d Moyes said. Approximately 20 employees were affected by the closing this week, he siad.<\/p>\n
\u00e2\u20ac\u0153I think it is a big loss \u00e2\u20ac\u00a6 it is symptomatic of what is happening in the marine industry right now,\u00e2\u20ac\u009d said Jim Salscheider, executive director of Lake Havasu City Marine Association…\u00c2\u00a0 Details<\/a><\/p>\n A local boat manufacturer of two well-known brands of powerboats closed its doors Wednesday after 15 years of manufacturing and selling the floating luxury items. Power Marine and Motor Sports Inc, manufacturing corporation of Magic Powerboats and Sleek Powerboats, bid farewell to its employees and consumers Monday for unknown reasons, according to the corporation\u00e2\u20ac\u2122s owner. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,29,30],"tags":[],"class_list":["post-8268","post","type-post","status-publish","format-standard","hentry","category-boating","category-new-boating-products-tests","category-powerboat"],"_links":{"self":[{"href":"http:\/\/www.stokednews.com\/index.php?rest_route=\/wp\/v2\/posts\/8268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.stokednews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.stokednews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.stokednews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.stokednews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8268"}],"version-history":[{"count":3,"href":"http:\/\/www.stokednews.com\/index.php?rest_route=\/wp\/v2\/posts\/8268\/revisions"}],"predecessor-version":[{"id":8270,"href":"http:\/\/www.stokednews.com\/index.php?rest_route=\/wp\/v2\/posts\/8268\/revisions\/8270"}],"wp:attachment":[{"href":"http:\/\/www.stokednews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.stokednews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8268"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.stokednews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}