In: Business and Management

Submitted By darsouls69
Words 2867
Pages 12
Trevor Davies Steve Bernier Paul Gos Jeff Cosentino

Bombardier Inc., a diversified manufacturing and service company, is a world leading manufacturer of business jets, regional aircraft, rail transportation equipment. 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 AsiaPacific

The goal of Bombardier is that the company and management team wish to downsize the company in order to have financing for other projects that they are currently researching. That’s why they sold the recreational division (snowmobiles).

Joseph-Armand Bombardier

History of Bombardier
1942 - Joseph-Armand Bombardier founded a company in Valcourt, in Québec's Eastern Townships Manufactured tracked vehicles capable of transporting passengers on snow-covered terrain. First commercial vehicle was the B-12, which was used to haul wood, carry mail and transport students in rural areas. 1959 - mass-production began of what today is considered the true forerunner of the Ski-Doo snowmobile.

January 23, 1969 - listing of Bombardier stock on the Montreal and Toronto stock exchanges and public offering of two million shares. 1972 - Creation of subsidiaries Bombardier Credit Ltd., in Canada, and Bombardier Credit Inc., in the United States 1973 - Energy crisis precipitated a decline in the snowmobile market, thus forcing Bombardier to look for another field of activities where it could redeploy its qualified workforce. 1986 - Bought the leading Canadian aircraft manufacturer, Canadair, which was being privatized by the Canadian Government.

1987, acquisition of the railcar designs of U.S. companies Budd and Pullman. 1988 - Launched the Sea-Doo personal watercraft. 1988 - acquisition of snowmobile manufacturing plants in Finland, in a joint venture with…...

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