The Canadian Press
Montreal-based electric snowmobile manufacturer Taiga Motors says it is pausing production and temporarily laying off around 70 workers. The company, which also makes electric watercraft, says its decision is in response to a challenging economy and an exceptionally mild winter. Taiga released quarterly and annual results today but did not hold a conference call with investors, and a spokesperson said managers would not be available for interviews. It says its net loss was $72.5 million in 2023,