Century and a Half Old Model Train Pioneer Gone Broke?
Germany’s famous model train producer, performed the dreaded task of filing bankruptcy Wednesday… January 20, 2010. It appears that their negotiations faltered pertaining to their €50 million credit line fallout.
Yes! it’s a sad time for us model train enthusiast. Marklins fighting financial whose……….BUT WAIT!, there’s a bright light at the end of this tunnel. Representatives from the famed German model train manufacturer state that the show must and will go on, as we would hope they would.
I don’t think we here in the states can take loosing one of our best sources for components and products in this long lived and passionately loved hobby.
Marklin CEO Dietmar Mundil boasted that the Iconic company will restructure internally and continue production of their fabulous model locomotives, although their is a twist. They will only manufacture HO scale Locomotives and accessories which is understandable since they are barely able to cover the salaries of their employees.
This poor company as been fighting to stay in the game since the 2006 take over by Kingsbridge Capital of Britain & Goldman Sachs of New York. The take over has obviously failed to solve previous credit issues.
Lets all hope the end result from this lack of money and bad credit is not manifested into bad product for the end users, US, that means YOU and I…
Keep your fingers crossed in hope our German friend overseas will steer their ship to port and deliver the goods with the same quality and reverence it has over the last 150 yrs.
VISIT: Amazon.com for “All” YOUR model train needs!
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