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Regardless of the industry, why would anyone take on well-known prior
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Old veterans in the firearm industry, Cerberus itself was founded in 1992īy Steve Feinberg, entering the firearms industry in 2006 by buying Bushmaster. Was purchased by Cerberus for an estimated $370 million in 2007. With other investors) in 2007 for another $7.4 billion. This was a tiny acquisition compared to Cerberus' 51% stake in GMAC ( 2006,įor $7.4 billion) and their purchase of 80% of Chrysler ( along No longer RACI Holdings, Remington was bought by Cerberus in April 2007. Owned by the same company since all this began. Makes this strange to my small brain is that Remington brand isn't
#Remington sportsman 78 how to remove bolt free#
Including its trigger mechanism, has been free of any defect since it Marines apparently had a few issues with M40 Sniper rifles firingĪll of this, the statement by Remington that, “ The Model 700, In 1994, Remington considered recalling rifles due to the problems: “potentially dangerous flaw” was published in Consumer Reports in March of 1968. We also have a 1975 letter, and a 1980 memo from Remington documenting the problems Remington Extremely well-known Remington engineer and lead designer Wayne Reader is asked to compare that statement with Remington's own internalĭocuments. Mechanism, has been free of any defect since it was first produced. Official response is that “ The Model 700, including its trigger Haskell trigger is covered by US Patent #2,514,981įiled in February, 1948 and awarded in July of 1950. Trigger,” the subject of litigation and noise for many years. Remington Under Fire: The Model 700 Woes Continueīrand has come under scrutiny again, years after the “ 60 Minutes”Įxpose, this time by CNBC.