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Bad news from Danbury Mint


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#1 Harry P.

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Posted 31 December 2013 - 10:08 AM

You all know that Danbury's entire tooling was "confiscated" by the Chinese government some time ago (at least, that was the story as I heard it)... putting DM in a tough spot. Now even more bad news from what used to be the premier 1/25 diecast model car manufacturer. Got a letter in the mail the other day...

 

"Dear Classic Car Preview Society member,

 

... regrettably, I must announce the end of this popular program. We are no longer able to cost-effectively produce enough new models to continue the Preview Society"...

 

:( 



#2 MsDano85gt

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Posted 31 December 2013 - 10:28 AM

does this mean i should hold on to the danbury mints i am trying to sell on e bay then because they may become more "rare"

#3 High octane

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Posted 31 December 2013 - 10:46 AM

No Daniel, send them to me and I'll hold on to them for you. Thanks!



#4 my80malibu

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Posted 31 December 2013 - 11:24 AM

No this this means that you have Danbury mint Orignal series.You wil be able to purchase, the New Danbury mint series at Harbor Freight stores soon, for about $10.00 bucks a piece. These will have paperwork titles written in Chinese.


Edited by my80malibu, 31 December 2013 - 11:24 AM.


#5 Harry P.

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Posted 31 December 2013 - 01:47 PM

No this this means that you have Danbury mint Orignal series.You wil be able to purchase, the New Danbury mint series at Harbor Freight stores soon, for about $10.00 bucks a piece. These will have paperwork titles written in Chinese.

 

I wouldn't be totally surprised if something like that happened. After all... somebody has the DM tooling...  :unsure:



#6 Randytheroadrunner

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Posted 31 December 2013 - 05:21 PM

GMP aka ACME had the same thing happen to their wonderful 1/18 1970 Plymouth Road Runner/GTX molds.

 

Attached File  58340_122003294614457_193639668_n.jpg   51.14KB   0 downloads


Edited by Randytheroadrunner, 31 December 2013 - 05:22 PM.


#7 scummy

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Posted 01 January 2014 - 12:44 AM

So does this mean that the chinese government have noticed that the western companys have been getting cheap stuff but still charging us all million aire prices ? Seems that the chinese have waited till we all rely on them and then try to hold us to ransom ???????



#8 oldnslow

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Posted 01 January 2014 - 03:47 AM

   Sorry, no sympathy for any American manufacturer that out sources to China and gets reamed in the process. People wonder why our economy is so bad, this is a big part of it, no worries about what happens when you want to move assets out of your control to a country infamous for piracy of anything that will hurt the American economy. 

    Man, stuff like this really burns my buns!



#9 High octane

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Posted 01 January 2014 - 07:57 AM

Very good point there Robert.



#10 Maindrian Pace

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Posted 01 January 2014 - 09:08 AM

Those low prices had a high price after all, eh?

 

-MJS



#11 sjordan2

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Posted 01 January 2014 - 10:21 AM

Sorry, no sympathy for any American manufacturer that out sources to China and gets reamed in the process. People wonder why our economy is so bad, this is a big part of it, no worries about what happens when you want to move assets out of your control to a country infamous for piracy of anything that will hurt the American economy. 
    Man, stuff like this really burns my buns!


Not a good point at all. Thousands upon thousands of American companies have outsourced at least portions of their product manufacturing to countries like China, Korea and India to make them more affordable. We live in a GLOBAL ECONOMY and there's no way around it. Any exception to the rule is just that –– a minor exception. We just have to get used to it, and other kvetching is totally unrealistic. Which one of us can make it change? Boycott outsourced products? Not a chance.

Edited by sjordan2, 01 January 2014 - 10:28 AM.


#12 Tom Geiger

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Posted 01 January 2014 - 10:44 AM

and this begs for the question... how at risk is all the tooling owned by the model companies that is now in China?  Are they also at the whim of that faulty government?



#13 Bernard Kron

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Posted 01 January 2014 - 11:34 AM

The Danbury Mint name still has enormous value. Going to their web site it doesn't appear as if they are active with new releases of automobiles. Are they facing starting over from scratch? Hopefully they will find the time, energy and capital to release more fine automobile models.

Companies like Revell and Round2, among others, have to have noticed. When you hear/read about "intellectual property" and the lack of due legal process in developing countries such as China this is what is being talked about. Danbury Mint's investment in tooling and design appears to be all gone now, with, most likely, no recourse. There is a trend, just beginning now, of repatriation of production back to home countries where holders of copyrights at least have some hope of legal protection. Combine that with rampant inflation in many developing countries, where labor rates are rising at more than 10% per year and land prices exploding, and you have an argument for rebuilding rich country industrial capacity. But it is a costly and painful learning process. Ideally US production for what is likely these companies' largest market is the best solution. It may be coming...


Edited by Bernard Kron, 01 January 2014 - 11:38 AM.


#14 oldnslow

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Posted 01 January 2014 - 12:28 PM

  Skip's point about this being a world economy and there's nothing we can do about it is correct, but I doubt affordability was the driving concern to moving their product line to China. If that were true, they would have lowered their prices when they moved making them more affordable. It was all about the dollar and being able to keep a larger portion for themselves, which in itself is not wrong, just good business. Too bad they picked the wrong country to outsource too.



#15 scummy

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Posted 01 January 2014 - 02:16 PM

We had a company in australia here that made work boots , and they moved their production over to vietnam . Ok the wages are not high there BUT they stll sell the boots for  $100 ! When i emailed them and told them how upset i was at the lose of jobs and how they STILL sold the boots at the original price they told me they still make gum boots here ??????? Thats when i asked the question , that i stll havnt got answer for - WHEN EVERYBODY HERE HAS NO MORE JOBS AND ARE ON WELFARE ------ WHO BUYS YOUR PRODUCT THEN ???????????? Yep i understand we all want to make money and live a decent life but in my eyes it's just greed , and i think these countrys are seeng that and thinking well hey if they get that much for a little outlay why dont we do it and cut out the little man . 

 It's happening right now in the beef industry here in australia the buyers are NOW buying up all the beef farms and supplying their country with beef and shipping it home , cheaper to them but the governments of these countrys are makin a killing doing it this way . And this country makes NUTHING out of the deal and the government don't see it as they see it as GOOD BUISNESS ????

 If we are not careful WE will become the 3rd world countrys .

 Sorry about the rant but thats how i see it folding out , just look at how many pepole are on welfare here and in the states .



#16 Bowtienutz

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Posted 01 January 2014 - 03:46 PM

We have meet the enemy and they are us!



#17 Craig Irwin

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Posted 01 January 2014 - 03:48 PM

Move your operations to a communist country, expect your stuff to be taken for the general good.



#18 Harry P.

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Posted 02 January 2014 - 02:22 PM

Move your operations to a communist country, expect your stuff to be taken for the general good.

 

Yep. You never know what will happen when you deal with a totalitarian government. It's a shame that DM lost all their tooling this way. Their models were state-of-the-art, spectacular detail and quality. Worth every penny, IMO. And now... poof! Gone.



#19 Harry P.

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Posted 02 January 2014 - 02:27 PM

This Charger is just one of many DM models I own. This is the kind of detail/quality we're talking about:

 

charger-4.jpg



#20 scummy

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Posted 02 January 2014 - 03:15 PM

I think the only way to send a message to these countrys is not to buy the stuff when they release it .