Märklin Goes Bankrupt
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The credit crisis has reached Germany's legendary model train manufacturer: Märklin filed for insolvency on Wednesday, citing a breakdown in talks for a loan.
Märklin, the 150-year-old German model train manufacturer, declared bankruptcy on Wednesday after talks with banks to extend a €50 million line of credit broke down.
There may be light at the end of the tunnel: Märklin executives say they intend to go on selling model trains. "We are determined to restructure our traditional company … using the instruments of German insolvency law and establish it permanently in the market," said Märklin boss Dietmar Mundil in a statement.
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JPTRR
The credit crisis has reached Germany''s legendary model train manufacturer: Märklin filed for insolvency on Wednesday, citing a breakdown in talks for a loan.
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Thanks! Snowhand
Well, if you dare to ask 94 euro for a single wagon, you're bound for bankruptcy soon. Yes, the quality of Märklin trains and rolling stock is excellent, but prices have been too steep for what they are offering.
Play it smart, go to 2 rail dc and try again ;) |
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