Textron weighs options for off-road vehicles business, pauses production

The Powersports unit, which is part of the Textron Specialized Vehicles business under the Industrial segment, manufactures snowmobiles and recreational off-road vehicles, as well as parts and accessories for those vehicles, under the Arctic Cat brand. "TSV has begun to pause production of its powersports products as management reviews strategic alternatives for the business," Textron said in a filing. As a result of the production pause and contract termination costs, Textron now expects total pretax special charges from the restructuring plan to range between $190 million and $205 million, up from the previously announced range of $165 million to $170 million.