View Full Version : Fleetwood -- more bad news
whodo
03-09-2009, 10:01 AM
Well Fleetwood is discontinuing Travel Trailers. This will orphan a lot of different TT names that were built by fleetwood.
You can read the full story here.
http://www.rvinews.com/News/tabid/16941/ctl/ArticleView/mid/38805/articleId/3483/font-colorff0000Fleetwood-exits-travel-trailer-market-will-focus-on-motorhomesfont.aspx
betsytom
03-10-2009, 05:40 AM
Yep, thats just what I would have done, bug out of the trailer market and concentrate on motorhomes. I mean why bother with the only segment that is selling when you can focus all your attention towards going bankrupt.
What the industry does NOT need are more B+/C gassers that get 8 or so mpg, nor does it need another Sprinter model with about 800 or so lbs of ccc.
Maybe its time to just stop manufacturing here and simply have the industry become an outlet for the Euro brands.....
betsytom
03-10-2009, 09:02 AM
They just filed for chapter 11 !!
The latest is that the motorhome and manufactured housing units will continue to operate until a buyer is found-Fleetwood 'believes' they have the assets to keep these operations going.
whodo
03-10-2009, 09:35 AM
Chapter "11" bankruptcy only buys them time...
With Fleetwoods overhead and outstanding debt finding a buyer will not be easy.
Can Chapter "7" bankruptcy be very far off.
betsytom
03-10-2009, 12:39 PM
As of 2:01 p.m. the value was 0.01 share.
If my math is right, someone could buy the entire Company for $570,000.00