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Monday, May 12, 2014

AUTO-SKI FILES BANKRUPTCY

January, 1974 - Levis, Quebec - Auto-Ski, Inc., manufacturer of Auto-Ski snowmobiles, has filled bankruptcy with more than $900,000.00 owed to creditors, according to Paul LaCasse, company president.
   Paul and Maurice LaCasse, brothers who founded the company in 1968, have purchased the current inventory of Auto-Ski snowmobile parts from the bank, and will handle their distribution from The Auto-Ski plant in Levis.
   Auto-Ski sold 700 1973 snowmobiles and produced 1,800 machines for the 1974 season, according to Paul LaCasse.  Sales for fiscal 1973 approached $500,000.
   The LaCasse brothers indicated they would seek financial backing in order to produce snowmobiles for the 1975 season.

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