The company is taking this action because some North American Hunter, August 2002 page 103Īrms Company is recalling all Model 700 bolt-action centerfire rifles Recall, check our website at Offer valid through December 31, 2002 Otherwise affected.If you want assistance, call Remington’s toll-freeĬonsumer hotline at (877) 387-6691. If you participated in this program, your firearm will be modified toĮliminate the bolt-lock feature. To be placed in the “off” position in order to unload the gun. These firearms have a feature known as a bolt-lock that requires the safety Model 600, 660, 721, 722, 40-X bolt-action rifles (made before March 1982)Īnd Model XP-100 target pistols made before February 1975. is offering a safety modification program for certain bolt-actionĬenterfire firearms manufactured prior to 1982, including the Model 700, MODEL XP-100 TARGET PISTOL MFG BEFORE FEBRUARY 1975Ĭompany, Inc. MODEL 700,CENTER FIRE RIFLES MFG BEFORE 1982 Own published recalls show that that isn't exactly the case:
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Has been free of any defect since it was first produced. The statement, “ The Model 700, including its trigger mechanism, Not including “any new equipment” required to manufacture theĭoes seem to have a little problem remembering their own recalls with Rifles produced since 1962, a 30% return rate, and $22.7 million in costs, The old 1994 Remington memo named 3 million The estimateįrom Remington in one of the recalls considered was that around 1% of At the same time, mechanical devices are not to be trusted. Shouldįirearms fire without a trigger pull? Should firearms fire with the safetyĮngaged? My opinion is, of course not. Have several issues here that won't be resolved in the near future. Problems when buying a distressed company? Regardless of the industry, why would anyone take on well-known prior Old veterans in the firearm industry, Cerberus itself was founded in 1992īy Steve Feinberg, entering the firearms industry in 2006 by buying Bushmaster. Was purchased by Cerberus for an estimated $370 million in 2007. With other investors) in 2007 for another $7.4 billion. This was a tiny acquisition compared to Cerberus' 51% stake in GMAC ( 2006,įor $7.4 billion) and their purchase of 80% of Chrysler ( along
No longer RACI Holdings, Remington was bought by Cerberus in April 2007. Owned by the same company since all this began. Makes this strange to my small brain is that Remington brand isn't Including its trigger mechanism, has been free of any defect since it Marines apparently had a few issues with M40 Sniper rifles firingĪll of this, the statement by Remington that, “ The Model 700, In 1994, Remington considered recalling rifles due to the problems: “potentially dangerous flaw” was published in Consumer Reports in March of 1968. We also have a 1975 letter, and a 1980 memo from Remington documenting the problems Remington
Extremely well-known Remington engineer and lead designer Wayne Reader is asked to compare that statement with Remington's own internalĭocuments. Mechanism, has been free of any defect since it was first produced. Official response is that “ The Model 700, including its trigger Haskell trigger is covered by US Patent #2,514,981įiled in February, 1948 and awarded in July of 1950. Trigger,” the subject of litigation and noise for many years. Remington Under Fire: The Model 700 Woes Continueīrand has come under scrutiny again, years after the “ 60 Minutes”Įxpose, this time by CNBC.
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