AFX News Limited (January 28, 2008)
CHARLESTON, S.C. (AP) – Fire engine maker American LaFrance on Monday filed for Chapter 11 bankruptcy protection, citing inventory problems and a depressed market for emergency equipment.
In a filing submitted to U.S. Bankruptcy Court in Delaware, the South Carolina-based company said it had problems changing from a unit of Freightliner, which ran the company from 1995 through the end of 2005, to its new owners.
Freightliner provided accounting, inventory and payroll services to American LaFrance through June, the court documents said. When American LaFrance went to a new system, there were inventory and customer data problems.
The company was also unable to finish many vehicles on order, according to documents filed in bankruptcy court. The documents also cited new emission standards that the company said will require vehicle design changes.
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http://www.fireengineering.com/news/newsArticleDisplay.html?id=156721
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