by icgsteve
Given that this was a Rader company and given what we know about the finance's at CRM I don't think that we can assume that CRM still owns the design. They might have been sold in order to rise cash. If the design is still owned by CRM then the Bankruptcy court will sell them to the highest bidder. It will take some months before we have an idea from operation if the four that were built are any good, but if they are the design might be worth something.
On a wider note, the fact that the only American DMU provider was the tiny poorly capitalized and poorly managed CRM speaks to the industry's evaluation of the possible DMU market in light of the FRA regulations. Rader thought that he smelled an opportunity, that the majors were wrong, but so far it looks like the majors are right. Looks like as long as the FRA remains hostile to the DMU concept there will be no market worth building for.
On a wider note, the fact that the only American DMU provider was the tiny poorly capitalized and poorly managed CRM speaks to the industry's evaluation of the possible DMU market in light of the FRA regulations. Rader thought that he smelled an opportunity, that the majors were wrong, but so far it looks like the majors are right. Looks like as long as the FRA remains hostile to the DMU concept there will be no market worth building for.