Izhmash (Saiga) files for bankruptcy

[Chucktshoes]

Might want to get that Saiga you've been looking at....

Kalashnikov Maker Files for Bankruptcy - Pravda.Ru

[raydog1]

Wow, I would hate to see them go out of business. . . but, it wouldn't make me very upset to see my Saiga become a collector's item.

[poak]

I don't know how their other items are fairing, but I have a hard time believing they aren't making cash off of their exports to the US market.

[Chucktshoes]

I don't know how their other items are fairing, but I have a hard time believing they aren't making cash off of their exports to the US market.

I'd imagine they are, but IIRC the civilian market is something like 20% of their overall business. Their primary output are rifles for Mother Russia's military and since there are no orders they have actually shut down that portion of their production lines.

[E4 No More]

According to the article it's a reorganization form of bankruptcy just like GM and Chrysler.

[Chucktshoes]

According to the article it's a reorganization form of bankruptcy just like GM and Chrysler.

Is that supposed to inspire confidence? Personally I think the reorganization of Government Motors is just delaying the inevitable. As far as Chrysler, when was the last time you saw a Fiat?

[E4 No More]

Nope, but you see the airlines come through, don't you?

[Chucktshoes]

Lolz, that's a (slightly) better example. I honestly don't see the Russian gov't letting Izhmash disappear, but it may come fully under gov't control so the civilian division may disappear. But to be honest I just found the story interesting. Don't have a lot emotionally invested in it though a Saiga 12 has been on my short list for a hot minute.

[E4 No More]

I just wonder if "reorganization" means the same in Russia as it does in China: The CEO is taken out and shot!

[Chucktshoes]

I can hear Yakov Smirnoff "In Soviet Russia..."

[Smith]

They just released the Saiga in 5.45, so I have a hard time seeing them going away. Also, Arsenal is using Saiga's as the base for their AK's now. With Arsenal pushing the line I think the civi market will last....... I hope.

[DWARREN123]

Maybe the U.S. Government should give them a bailout, then we the people would own them!

[poak]

Maybe the U.S. Government should give them a bailout, then we the people would own them!

It IS the "People's Rifle", right?

[bteague2]

Is that supposed to inspire confidence? Personally I think the reorganization of Government Motors is just delaying the inevitable. As far as Chrysler, when was the last time you saw a Fiat?

I saw a ton of them this summer.