Colt suspends production of popular AR-15 rifle for civilian market

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 92%

Business News News

Business Business Latest News,Business Business Headlines

Colt suspends production of popular AR-15 rifle for civilian market GlobeBusiness

This translation has been automatically generated and has not been verified for accuracy.Three variations of the AR-15 rifle are displayed at the California Department of Justice in Sacramento, Calif., in this file photo. On Sept. 19, 2019, Connecticut-based Colt Firearms said it was suspending production of its version of the AR-15 for the civilian market.

Despite a national debate on gun control, Colt’s decision seems driven by business considerations rather than politics, said Adam Winkler, a gun policy expert at the University of California, Los Angeles School of Law. “Given these sales and the history of Colt being a completely disorganized, dysfunctional company that goes into bankruptcy and can’t keep anything going properly, my assumption is that this is a business decision that is being driven by their own business problems,” he said.

Democratic presidential candidate and former Texas congressman Beto O’Rourke, whose hometown of El Paso was the site of a shooting in August left 22 people dead, has been pushing for mandatory rifle buybacks over the last few weeks.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

globebusiness Good start...

globebusiness Are you fucking kidding me

globebusiness Quit posting to Twitter if you’re not gonna let people read the fucking article.

globebusiness Do they come in camouflage?

globebusiness It's a start though what about those 5-10 million already out there.

globebusiness There shouldn't even be a 'Civilian Market' to start with. What do people need those things for, to start a war in their neighbourhoods?

globebusiness Assault rifles and hand guns have no place in society.

globebusiness They must fear a lawsuit. They didn't all of the sudden grow a conscience.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Saudi market regulator in talks with Aramco on IPO rulesCapital Market Authority is having discussions with Saudi Aramco and its advisers on both their readiness, as well as our regulatory requirements for the market
Source: globeandmail - 🏆 5. / 92 Read more »