Motor City Muscle Cars are reporting "Sources close to the company are saying that without a capital infusion restructuring just is not an option at this point. The company has been unable to refinance or get an extension on a $1 million dollar SBA Loan (Small Business Association), and needs an additional $1 million dollars to buy product and cover operational expenses.
With the current the economic state Rubicon Express is unlikely to find the cash it needs without a change of ownership. Competitors are circling like buzzards hoping to be able to swoop down and acquire the trademark and other assets should the company enter bankruptcy. Some suitors have even looked at purchasing the loan from the bank in order to gain access to the company and avoid a bidding war. In parts because of Rubicon’s storied name and reputation, and in part because the company supplies MOPAR with Jeep suspension components."
Lets hope someone buys it and keeps it going.
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