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Only US DMU manufacturer Colorado Railcar to liquidate

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  • 12/29 Denver Business Journal
    Published Monday, December 29, 2008, Denver Business Journal Colorado Railcar has closed Colorado Railcar Manufacturing LLC closed Dec. 23, the company
    Message 1 of 1 , Dec 31, 2008
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      Published Monday, December 29, 2008, Denver Business Journal

      Colorado Railcar has closed

      Colorado Railcar Manufacturing LLC closed Dec. 23, the company
      announced on its website <http://www.coloradorailcar.com>.

      The announcement said the Fort Lupton-based company, which makes
      self-propelled diesel rail cars and domed, locomotive-pulled rail
      cars for tourist railroads, "has a major liquidity problem, and its
      lenders have a secured position in the assets of the company. The
      company is in the process of liquidation. The company has no
      employees effective Dec. 31, 2008."

      The announcement is made in the name of President and CEO Larry Salci,
      who came on board in April. He was the former executive director of
      the St. Louis area's metro mass transit agency. He took the place of
      Colorado Railcar founder Tom Rader, who was the company's sole
      shareholder, according to an April announcement of Salci's hiring.

      No one at the company could be reached for comment on Monday.


      [BATN: See also: http://en.wikipedia.org/wiki/Colorado_Railcar ]
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