Worlds’ biggest AK 47 manufacturer is bankrupt

businesday ^ | 9/21/09 | bloombnerg

[Flavius]

Bloomberg so link only

[Flavius]

win by default

can always use a bunny

[Navy Patriot]

This calls for a government bailout.

How about a tax credit so every American can buy two and pump up sales to save jobs?

We could create the 0bama Bureau of Gun Supply with stimulus funds, after all he's the best firearms salesman in America right now!

[Flavius]

whats good for GE is good for the gander or gender or whatever it is these days Russia's PM Putin to meet US businessmen Reuters - Vladimir Soldatkin, Simon Jessop - ‎Sep 17, 2009‎ UL], and the chief executive of General Electric Co (GE.N), Jeff Immelt. Putin will meet the executives in Russia's Black Sea resort of Sochi, ...

[umgud]

By: hilly1963 On: Sep 21 2009 3:41PM

"what a wonderful day when all arms manufacturers go bankrupt"...

One of the commenters to this story.

[WellyP]

That young woman is REALLY CUTE! (Cuter without the AK!)

[Lurker]

I beg to differ. Any beautiful woman is improved with the addition of a serious weapon in her hands.

[PGalt]

Humorous piece on it from zerohedge...(many good comments also)...

http://www.zerohedge.com/article/end-era-kalashnikov-maker-seek-bankruptcy

Thanks to FReeper katiekins1 for the link.

[Spktyr]

Not necessarily, the Chinese still churn them out by the freighterload.

However, the Saiga 12 shotgun is made by Izhmash, so if you want one, get it now.

[max americana]

the comment about the pic in the article NOT being AK47 was also spot-on.

[mylife]

Get yer Izzys while you can!

[USF]

I recall they were having issues with their snubnose versions...

I never had that version... nice folding stock was fine for me.

[Redcitizen]

IF she retains the rifle, she gets bonus points for cuteness.

[Spktyr]

Also, Colt doesn’t make the M-16 any more, either. Current M-16 production is done by FN. So not a win by default.

[Huskrrrr]

[Redcitizen]

NICE Rifle!!! Oh yeah, she’s cute too.

[rabidralph]

The horror. The horror.

[Glenn]

(Cuter without the AK!)

I work next door to a place where the G20 will hold an "event" this week in Pittsburgh.

One of the Secret Service agents working the place is brunette, brown eyes, with a BMW. I can see her gun if she stands just the right way.

She is SO hot!

God Bless America!

[Flavius]

also Armalite is still around that's who made the original AR - Armalite so WIN

[Rodebrecht]

I didn’t know Bloomberg read his own tripe.

[vetvetdoug]

Ruger just came out with an M-16 type rifle. There are plenty of weapon makers making the M-16 type rifles in the US. I was looking at the Ruger today and it impressed me..I don’t own a .223 because I still stick with the M-1A versions with the .308. I have a tanker version and a full size version.

[Fireone]

Olympic Arms = lifetime guarantee!

[Redcitizen]

You should get her phone number and a date.

[Glenn]

You should get her phone number and a date.

I thought about asking her to fool around, but I was pretty sure she would think that meant arm wrestling.

[Red in Blue PA]

Gun sales aren't the only thing stimulated with that picture.

[Spktyr]

No, the original Armalite went bankrupt years ago.

The current company under that name is Eagle Arms; they bought the name from the Philippine owners. Other than the name there is no connection.

http://en.wikipedia.org/wiki/ArmaLite

Armalite didn’t win either.

[Sender]

Izhevsk won't close its doors. This is just some bravo sierra so Putin can re-nationalize it or expand it or something.

There will be hard steel coming out of Izhevsk as long as there is a Lenin in a glass box. You can take that to the bank.

[El Gato]

This calls for a government bailout.

Izhmash, where Mikhail Kalashnikov, 89, invented the AK-47 in the 1940s, is a unit of Russian Technologies Corporation, a state holding company with mining, arms and automotive assets.

It's already a government owned enterprise.. sort of like General Motors. If the Russians can't stay out of bankruptcy selling AK's, they are really fooked up, just like GM will be after a few years of "government holding".

How about a tax credit so every American can buy two and pump up sales to save jobs?

We could create the 0bama Bureau of Gun Supply with stimulus funds,

At least that might be constitutional under the Congress power to provide for arming the militia.

We've got factories that make AK's right here in the US, and they are doing quite nicely. As are the ones that make ARs, and various other engines of death. Ammunition plants are 24/7 and are just barely keeping up.

[Flavius]

its true

[zeugma]

Why give bloomberg the hits?

[Pontiac]

Well since Russia isn’t exporting revolution as much anymore the demand for cheap assault rifles made in Russia just isn’t there.

[Navy Patriot]

I guess I really do need the sarcasm tags.

[El Gato]

Also, Colt doesn’t make the M-16 any more, either. Current M-16 production is done by FN. So not a win by default.

M4 production is by Colt. In fact they are very paranoid about others calling their product "M4" even though it's an Army designation, and so doesn't belong to Colt anyway. Yet another company taken over by arrogant bean counters, who think the way to stay competitive is by hiring lots of accountants and lawyers.

[TChris]

Yet another company taken over by arrogant bean counters, who think the way to stay competitive is by hiring lots of accountants and lawyers.

That, or by "cost cutting" your organization to the bone and product quality out of existence.

"The lowest cost is not to have a business at all!"

[Spktyr]

M4 production is by Colt.
M16 production is by FN.

Both are still being purchased by the US military.

[The Comedian]

Down, but not out.