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Gun Maker Remington Preps for Bankruptcy, Seeks Sale to Navajo Nation

This is a discussion on Gun Maker Remington Preps for Bankruptcy, Seeks Sale to Navajo Nation within the News forums, part of the SIG Talk category; Gun Maker Remington Preps for Bankruptcy, Seeks Sale to Navajo Nation The second chapter 11 filing for Remington could come within days Firearms manufacturer Remington ...


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Old 06-27-2020, 05:37 AM   #1
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Exclamation Gun Maker Remington Preps for Bankruptcy, Seeks Sale to Navajo Nation

Gun Maker Remington Preps for Bankruptcy, Seeks Sale to Navajo Nation
The second chapter 11 filing for Remington could come within days

Firearms manufacturer Remington Arms Co. is preparing to file for chapter 11 protection for the second time since 2018 and is in advanced talks for a potential bankruptcy sale to the Navajo Nation, people familiar with the matter said.
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Old 06-27-2020, 05:53 AM   #2
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The Navajo Nation made a bid in 2018 for Remington, planning to use an investment trust to fund a purchase that would transform the company by dropping assault-style weapons and focusing instead on hunting firearms for consumers, sales to law enforcement and smart gun technology, the New York Times has reported.

Any company working on 'smart gun' technology isn't deserving of a single dollar of mine (unless we're talking about the M56 Smart Gun )

Unfortunately faux-woke virtue signalers in (D) strongholds will provide preferential contracts to Remington for being a 'good steward of the community' for banning sales of 'assault-style' weapons to mere civilians. The result is that millions upon millions of the people's tax dollars will be funneled towards onerous anti-gun 'smart technology' efforts.
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Old 06-27-2020, 06:04 AM   #3
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Well frack!!!
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Old 06-27-2020, 06:10 AM   #4
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Their plan is based on abandoning America's most popular and versatile sporting rifle platform and focusing, instead, on a technology that is universally rejected by everyone except for Utopian Leftists who have never fired a weapon in their life. These are the same Utopian Leftists, by the way, who would completely ban all private ownership of firearms, if given half a chance.

And, in the current political climate of defund and disband, who really believes that the Left want the police to be issued firearms in the first place, whether they be "smart" guns, or no?

Remington is just stretching out their misery, like a deadly traffic accident unfolding in slow motion. They should relocate to Texas and build products that their customers want, or go ahead and fold their tent.
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Old 06-27-2020, 06:21 AM   #5
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As far as Remington's location goes, they are fine right here in Huntsville, Al.
The Navajo Nation are the ones that want to eliminate civilian sales of ARs and invest in "smart" gun technology. They are the ones that stated that when they offered to buy Remington on the last bankruptcy in 2018 and Remington turned them down.

The problem is a legal system that allows you to sue a manufacturer for how their products are used!!!
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Old 06-27-2020, 06:25 AM   #6
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Not good, rather see Remington go under than having the new owners dilute the brand and give into to the anti gunners.
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Old 06-27-2020, 06:32 AM   #7
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Not surprised to hear this news. Remington has been going downhill for a long time. It's sad to see a gun maker with a long history go under, but that's how the market works.
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Old 06-27-2020, 07:08 AM   #8
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They must really be running their business poorly. Gun sales have been spectacular the last few months. Most gun manufacturers can’t make guns fast enough.
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Old 06-27-2020, 07:50 AM   #9
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They must really be running their business poorly. Gun sales have been spectacular the last few months. Most gun manufacturers can’t make guns fast enough.
They are dealing with lots of lawsuits over Sandy Hook. You know, it's their fault somebody used their product for a crime!!!

When are we going to see auto manufacturers sued out of business because a racist drives through a crowd of protesters??

When are we doing to see cutlery makers sued out of business because someone stabs their significant other to death with a kitchen knife??

No!! It's just guns!!!! For now.

And they never finished recovery from the last bankruptcy.
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Last edited by GoneBallisticInAlabama; 06-27-2020 at 07:52 AM.
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Old 06-27-2020, 08:30 AM   #10
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So I'm not responsible if I punch one of these jerks that support this garbage in the mouth?
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Old 06-27-2020, 08:46 AM   #11
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firewater & guns on the res....perfect storm!
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Old 06-27-2020, 08:54 AM   #12
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firewater & guns on the res....perfect storm!
No, no, I've watched enough westerns to know they don't cotton to running guns to the Injuns, a feller can get hisself a dang tight neck tie for that.
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Old 06-27-2020, 09:17 AM   #13
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So I'm not responsible if I punch one of these jerks that support this garbage in the mouth?
No! Only if you use something, like a bat. Then it's the fault of the manufacturer and the sporting goods store that sold it to you!
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Old 06-27-2020, 09:27 AM   #14
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They should relocate to Texas and build products that their customers want, or go ahead and fold their tent.
Their best option, IMO, is sell the patents and the production rights to make the product. There are so many specialty shops and armories doing so incredible work and would be worthy of carrying on the brand, especially the shotgun line.

I can't speak to the quality of all their firearms. Perhaps break this company up into separate divisions. There would be no need to move the ammo business or factory that makes it.
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Old 06-27-2020, 09:30 AM   #15
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So I'm not responsible if I punch one of these jerks that support this garbage in the mouth?
Only if someone happens to video it on their cell phone.
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