Autocom going out of business? - K-Bikes.com - Excellence in Motion
 
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post #1 of 3 (permalink) Old Dec 19th, 2009, 12:46 pm Thread Starter
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Exclamation Autocom going out of business?

From this thread it appears that Autocom is going out of business. Just when they begin to get the U.S. distributors on board, they fold up shop.

Some in the UK needs to run by their building and check it out. Too bad if they are as they made some good stuff since 1989.


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post #2 of 3 (permalink) Old Dec 20th, 2009, 3:57 am
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Autocom biz

A few employees "were made redundant." Like the guy on the UK forum. Expect a bit of chaos but Autocom will still be around.

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post #3 of 3 (permalink) Old Dec 20th, 2009, 4:23 am
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It probably has a lot to do with sub prime mortgage lending and the UK 'quantitative easing'. Small businesses here are struggling both in a receding economy and unable to get loan credit. Our banks took all the money from us taxpayers to bail them out and it's much safer for them to show 'healthy' capital balances than lend it to small businesses. Unfortunately it's the workforce at the bottom of the food chain that always comes off worst.



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