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Vector Is Going out of Business

Discussion in 'General Gun Discussions' started by Bubbles, Aug 27, 2008.

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  1. Bubbles

    Bubbles Member

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    From an administrator on http://www.uzitalk.com/forums/showthread.php?t=38261&page=2

    :(
     
  2. Josh Aston

    Josh Aston Member

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    They couldn't wait until I had the funds for a V53?

    Honestly though, sorry to hear that they are going out of business. The firearms industry isn't a huge one and it's a loss to us all when one of it's members goes under.
     
  3. Mike OTDP

    Mike OTDP Member

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    I just called...was told that they were selling the Uzi operation, and should have an idea of who is buying it by the end of the week.

    Take it for what it's worth.
     
  4. Cacique500

    Cacique500 Member

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    I knew I should've sent my sent in my finicky Uzi .22 conversion kit for them to work on...oh well. :(

    Hope they find a good buyer soon...
     
  5. blackcash88

    blackcash88 member

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    Why are they going under?
     
  6. gezzer

    gezzer Member

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    Bites it when the owner gets BUSTED for frauding the .GOV

    IMHO money got in the way.
     
  7. blackcash88

    blackcash88 member

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    Really? What happened?
     
  8. Drgong

    Drgong Member

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    was the owner involved in the whole "china ammo" issue...?
     
  9. gezzer

    gezzer Member

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    Yes from posts on other forums he was a MONEY backer.
     
  10. Drgong

    Drgong Member

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    Shame, invest in a company that has defense department contracts, and get burned badly.

    of course I am sure there are American citizens who would gladly bought that old 1960's ammo for fun shooting..
     
  11. MGshaggy

    MGshaggy Member

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    Sure glad I got my V51 while I could.
     
  12. Drgong

    Drgong Member

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    looking over the Uzi forums, it seems that they are rather important to the Uzi folks. Shame as we need all the vendors we can get. Hopefully someone will be able to keep selling Group Industries receivers as we need all the receivers we can get to make sure that more guns are "in common use" per heller.
     
  13. phantomak47

    phantomak47 Member

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    Any updates?
     
  14. rfurtkamp

    rfurtkamp Member

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    Pretty much nothing at this point, expecting a fade out to nothing rather than a fire sale.

    Glad I have my Uzi and 51s and V89-PDW SBR.

    Kicking myself for not getting one of their beltfeds though.
     
  15. cuervo

    cuervo Member

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    What was the "whole China Ammo" issue?
     
  16. TexasRifleman

    TexasRifleman Moderator Emeritus

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    Well, here's the governments side of the story anyway....

    Who knows what the truth is.

    http://www.usdoj.gov/usao/fls/PressReleases/080620-02.html

    Basically they contracted to sell ammo to DoD and stated the ammo was made in Albania. It was actually made in China.

    It all went "bang" as far as I know, but wartime profiteering has been generally frowned up on through history.
     
  17. seale

    seale member

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    Good riddance and here's why:

    They didn't like telling customers or potential customers just what the hell was ever going on. The whole concept of updating their website or their blog was lost on Vector.

    Basically vector pretended to have desirable products when they didn't actually have them for sale. Like true flakes they kept changing their product line around like they couldn't make up their minds - mostly without telling potential customers, right up to the end. Putting ads in shotgun news for YEARS for products you don't even have to sell gets an instant curse from me.

    Basically vector only liked to do the easy part of business, i.e. saying "LOOK WHAT WE'VE GOT!" Then you would inquire and find out that they had next to nothing for you to purchase.

    Again, Vector only liked to do things the easy way (the ammo issue comes to mind). When I say easy, I mean they refused to grow the business to meet the demand for products they PRETENDED to have for sale. SURE, they made a quality product if you could get a hold of one.

    I learned firsthand just how cowardly the Vector corporate attitude was. One time I got to talking to one of their top employees, or maybe he was an owner, at a gun show. I, like the WHOLE REST OF THE PLANET, asked him about UZI availability. And like everyone else, all I got out of vector was excuses, excuses, and more lame excuses. When you have something that customers want, and you're too stupid to provide that product, then you deserve to fail. He went on and on about how they couldn't get parts and I was thinking about what flaming cowards these vector managers are, then I made the mistake of trying to reason with mr closed mind and wants to fail. I essentially said "do you realize the massive demand for UZIs?" He seemed to have no concept of A. the demand for UZIs, OR B. what a good position his company was in by having an established good reputation AND a product that is in demand. So I said "If you understand the demand then why don't you have parts MADE, or make them yourself" (because I know firsthand that it's not rocket science to fabricate and/or heat treat metal parts, OR to find a machine shop to do it-I mean, this is just manufacturing 101). He gave me an ultra vague and cowardly answer that seemed to say "no, we'd rather ignore the customer and the massive demand, and go out of business before we lift a single lazy finger to fabricate a run of UZI parts." I rolled my eyes and walked away.

    Now they're a failed business, mostly because they ignored the customers. I am not shocked in the slightest. Good riddance.
     
    Last edited: Jan 25, 2009
  18. 30 cal slob

    30 cal slob Member

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    never mind
     
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