They had a failed response to the Glock with the 2000. IIRC, Shooting Times had a glorious computer graphics spread of it as a wonder weapon. Then, the tried to jump on the smart gun bandwagon, with the 2000 or a CZ based gun.
Remember the smart guns - SW, Colt, Taurus - all tried to play. Still waiting for Biden's gun that will test your DNA on the spot.
Internet foolishness has forced a very busy man with a big job, Colt’s Mfg. Co. President and CEO Dennis Veilleux, to step away from making sure guns are produced at the East Hartford, Conn., factory and, instead, focus on the chatroom perception that, somehow, today’s Colt’s is against the consumer sale of AR-15s.
https://www.americanrifleman.org/art..._campaign=0919
Last edited by JodyH; 09-24-2019 at 08:58 AM.
"For a moment he felt good about this. A moment or two later he felt bad about feeling good about it. Then he felt good about feeling bad about feeling good about it and, satisfied, drove on into the night."
-- Hitchhiker's Guide to the Galaxy --
"If you think it's expensive to hire a professional to do the job, wait until you hire an amateur."
Disclaimer: I have previously worked in the firearms industry as an engineer. Thoughts and opinions expressed here are mine alone and not those of my prior employers.
When I was at Fort Jackson for a spell years ago, I went out a couple times with a gal who worked at FN in their accounting department. I recall her saying that FN could make M4 carbines for the Army for a lot less money than Colt ever could, because of the significant differences in labor costs in South Carolina versus Connecticut, and so it would only be a matter of time and expiring contractual commitments before even Uncle Sugar would get tired of spending more money on Colt products versus the same product for less money made by FN.
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It's hard to leave when the state keeps "investing" millions of dollars in your business.
https://www.journalinquirer.com/publ...c25adf75c.html
Small wonder CT has yuge budget problems.
https://yankeeinstitute.org/2019/05/...sion-problems/
Oh well, I don't pay taxes in CT so no concern of mine.
Last edited by Borderland; 09-24-2019 at 10:04 PM.
In the P-F basket of deplorables.
It’s all kick backs.
Predatory Investments meant to fleece bond buyers and loan providers. Short term capital gun by leveraging a company’s assets. Then when it tanks, you slip a few hundred K to the people who administer such things and rinse and repeat after you come out of bankruptcy.
Colt has been on a rinse and repeat path to failure for nearly four decades. Until someone actually buys out the IP to do right, it’ll be a 5-10 year repeat cycle.
If people wanted to really save Colt...they’d stop buying Colts. And contracts would stop going to Colt. The instant that Colt becomes worthless and remains worthless, the predators will jump off. But not until rock bottom is reached will anything happen. Colt is run by a bunch of greed addicts and there isn’t much that can be done.