Yamaha Motor Canada will see all of its shares transferred to the U.S. subsidiary, Yamaha Motor Corporation U.S.A., according to a recent announcement on Yamaha's corporate website. The share transfer is expected to create a more efficient regional management structure, under which Yamaha Motor Corporation U.S.A. will assume responsibility for all North American territories.
"The transfer, expected to be completed by December 31, 2011, will see Yamaha Motor Corporation U.S.A. assume additional responsibilities for financial reporting and audit," according to a press release issued today by Yamaha Motor Canada (YMCA) Ltd. The statement from Yamaha Canada went on to assure us that "the investment arrangement will not impact YMCA's organizational structure. YMCA will maintain all of its current, independent responsibilities to serve the Canadian dealers and customers."
The change is reportedly part of an ongoing business reform process for Yamaha Motor Corporation to simplify reporting for North American business. Yamaha is not the first company to run their Canadian operations from the United States. Both Ducati and Triumph also run their Canadian operations south of the border. While Yamaha Canada will maintain it's organizational structure, implications to consumers, if any, remain to be seen.
YMCA joins nine other subsidiaries, including Yamaha Motor Manufacturing Corporation of America, Skeeter Products Inc. and Tennessee Water Craft Inc., under the Yamaha Motor U.S.A. ownership portfolio.
