Sig Sauer Bankrupt?

[jeanes]

I've been seeing reports that Sig Sauer has filed for bankruptcy. Is this true?

 

[Ridgewalker]

Jeanes, what I read was only in Germany are they closing. The US division is doing well.

 

[jeanes]

Jeanes, what I read was only in Germany are they closing. The US division is doing well.

Thanks for clearing that up.

 

[spike.t]

https://www.dw.com/en/sig-sauer-to-shutter-german-weapons-factory/a-53689378

 

[Spooksar]

I assume Germany like many socialist governments are taxing businesses to the point of them leaving. Prophet is not the bad thing that some people think it is. It creates jobs and stimulates the economy. Look what has happened in the province’s of Canada that have Liberal or NDP governments businesses have left because of the cost.

 

[sestoppelman]

I assume Germany like many socialist governments are taxing businesses to the point of them leaving. Prophet is not the bad thing that some people think it is. It creates jobs and stimulates the economy. Look what has happened in the province’s of Canada that have Liberal or NDP governments businesses have left because of the cost.

"Prophet",, depending on who it is may be a bad thing... however 'profit', is usually always a good thing...

 

[Hogpatrol]

I assume Germany like many socialist governments are taxing businesses to the point of them leaving. Prophet is not the bad thing that some people think it is. It creates jobs and stimulates the economy. Look what has happened in the province’s of Canada that have Liberal or NDP governments businesses have left because of the cost.

Germany's trade surplus in 2018 was 275 BILLION U.S. dollars. They're just passing those taxes on to consumers who think they're getting something better because the price his higher.

 

[CoElkHunter]

Socialist governments exist because they promise everything to the populist peoples’ who don’t/won’t work, and fund their governments on the poor bastards that work to provide a better life for themselves and their families! Socialism TAKES, Capitalism CREATES!

 

[wesheltonj]

Germany's trade surplus in 2018 was 275 BILLION U.S. dollars. They're just passing those taxes on to consumers who think they're getting something better because the price his higher.

You mean like Blasers? I could not resist


In a lot of cases you are getting a better product, Zeiss, Leica, Rodenstock, Schneider, Linhof, Mercedes-Benz, BMW just to name a few.

 

[Hogpatrol]

You mean like Blasers? I could not resist


In a lot of cases you are getting a better product, Zeiss, Leica, Rodenstock, Schneider, Linhof, Mercedes-Benz, BMW just to name a few.

And that can be debated ad nauseum. The last two are now made in the U.S. Anecdotal but the last German made Benz my sibling owned was an unadulteraded lemon. I worked in the auto biz. It's all about marketing and perception.