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October 11, 2011
Yamaha Motor Co. Transfers Shares Of Yamaha Motor Canada Ltd. To Yamaha Motor Corporation, U.S.A.
Toronto, ON – The Board of Directors of Yamaha Motor Co., Ltd. (YMC) have voted to transfer all shares of Yamaha Motor Canada Ltd. (YMCA), to its American subsidiary, Yamaha Motor Corporation, U.S.A. (YMUS).
The transfer, to be completed by Dec. 31, 2011, will see YMUS assume additional responsibilities for financial reporting and audit. The move will allow YMC to draw a centralized financial report from a single North American operation, similar to their Yamaha Europe, Yamaha South America and Yamaha Asia subsidiaries.
YMCA joins nine other subsidiaries, including Yamaha Motor Manufacturing Corporation of America, Skeeter Products Inc., and Tennessee Water Craft Inc., under the YMUS ownership portfolio.
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