Losing out to low-cost competitors isn't just something happening to car manufacturers.
For years, the AK-47 assault rifle has been the world's most popular weapon, the gun of choice for dictators, gang members and Third World revolutionaries.
But the global recession and a proliferation of copycats has left the Russian maker of the Kalashnikov, OAO Izhmash, in financial turmoil.
Monday, a court in Russia said it will consider a bankruptcy application filed against Izhmash by a supplier owed more than $13-million (U.S.). According to reports out of Russia, Izhmash has been losing money for years on its small-arms business and closed its largest gun factory in Izhevsk for much of 2009.
Some of the copies I've seen are better made than the original not significantly cheaper but made to last.
Some of the copies I've seen are better made than the original not significantly cheaper but made to last.