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G has a "swell" time kayaking

G has a "swell" time kayaking
G has a "swell" time on Lake Michigan in an inflatable canoe

Dawn on the Gulf of Mexico

Dawn on the Gulf of Mexico
Dawn on the Gulf of Mexico

Warren Dunes Sunset

Warren Dunes Sunset
Warren Dunes Sunset
Showing posts with label Roadtrek Bankruptcy. Show all posts
Showing posts with label Roadtrek Bankruptcy. Show all posts

Sunday, July 21, 2019

Roadtrek Featured Models - July 21, 2019


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Updated September 23, 2019
The "New" Roadtrek website is up and running.  You can see the current model offerings, but no idea of delivery status. The manuals section is there as is a list of dealers......

This is an opportune time to download the official manuals for your Roadtrek if you haven't already done so. We carry PDF versions of these and other manuals such as the Onan generator with us when travelling.

The Chevy  models are no longer offered. The Roadtrek company will be showing their Ford Transit based model during an "Open House" in Elkhardt IN  September 23-26, 2019. The Ford Transit model will be there. This may be the same one that the "old" Roadtrek was showing before bankruptcy.  No word yet on availability.

https://www.roadtrek.com/

Original Post
I've wondered which models Rapido will be building. Here is the current Roadtrek website information. It seems the Chevy based 210P and 190 are no more!  The 170 had been removed from the list some time earlier by Roadtrek....


Original material:  https://roadtrek210.blogspot.com/

Thursday, June 13, 2019

Roadtrek RV Business Sale Progress


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According to the document in the link at the end of this post the purchase of Roadtrek by 𝗥𝗮𝗽𝗶𝗱𝗼 𝗚𝗿𝗼𝘂𝗽𝗲 is proceeding. 𝗟𝗮 𝗠𝗲𝘀𝗮 𝗥𝗩 𝗶𝘀 𝗽𝘂𝗿𝗰𝗵𝗮𝘀𝗶𝗻𝗴 𝟭𝟭𝟯 𝗰𝗼𝗺𝗽𝗹𝗲𝘁𝗲𝗱 𝗥𝗩𝘀 𝗳𝗿𝗼𝗺 𝗛𝗚𝗡𝗔 𝗶𝗻𝘃𝗲𝗻𝘁𝗼𝗿𝘆 using the “Hymer” or “Carado” brand 𝗮𝘀 𝗽𝗮𝗿𝘁 𝗼𝗳 𝘁𝗵𝗲 𝘁𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻. La Mesa has provided a US$1 million deposit. Here are some key aspects of the agreement. Read the document at the link for additional information and to view the source:
"𝗧𝗵𝗲 𝗥𝗼𝗮𝗱𝘁𝗿𝗲𝗸 𝗕𝘂𝘆𝗲𝗿 (Rapido Group) 𝗶𝘀 𝗽𝘂𝗿𝗰𝗵𝗮𝘀𝗶𝗻𝗴 𝘁𝗵𝗲 𝗳𝗼𝗹𝗹𝗼𝘄𝗶𝗻𝗴 𝗮𝘀𝘀𝗲𝘁𝘀 relating to the Roadtrek Business: a. “Roadtrek” branded recreational vehicle inventory, including raw chassis, work-in-process and finished goods and all related raw material and spare part inventory located in Ontario; b. fixed assets and equipment; c. certain prototype vehicles; d. the lease for 20 Tyler Street, Cambridge, Ontario (the “Lease”), including the security deposit but excluding tenant inducements; e. intellectual property solely relating to the Roadtrek Business; f. information technology systems, including hardware, software, licences and associated contracts; g. goodwill; h. business records; i. motor vehicles; and j. all dealer tags in the Receiver’s possession. .....

𝗧𝗵𝗲 𝗥𝗼𝗮𝗱𝘁𝗿𝗲𝗸 𝗕𝘂𝘆𝗲𝗿 𝘄𝗶𝗹𝗹 𝗵𝗼𝗻𝗼𝘂𝗿 𝘄𝗮𝗿𝗿𝗮𝗻𝘁𝘆 𝗰𝗹𝗮𝗶𝗺𝘀 𝗼𝗳 𝘂𝗽 𝘁𝗼 $𝟭,𝟱𝟬𝟬 𝗽𝗲𝗿 𝘂𝗻𝗶𝘁 on “Roadtrek” vehicles forming part of the Purchased Assets for a two year warranty period starting on the date of purchase by a consumer, but only for warranty claims made by the original purchaser. No warranty shall be provided in respect of certain itemized vehicles identified as Excluded Warranty Vehicles under the Roadtrek APA [Agreement of Purchase and Sale] which shall include vehicles potentially subject to the second row seating issue (described in Section 10.0 below). [From section 10.0: 𝗧𝗵𝗲 𝟮𝟬𝟭𝟲 𝗧𝗲𝘀𝘁 𝗥𝗲𝗽𝗼𝗿𝘁 𝗮𝗽𝗽𝗲𝗮𝗿𝗲𝗱 𝘁𝗼 𝗶𝗻𝗱𝗶𝗰𝗮𝘁𝗲 𝘁𝗵𝗮𝘁 𝘁𝗵𝗲 𝘀𝗲𝗰𝗼𝗻𝗱 𝗿𝗼𝘄 𝘀𝗲𝗮𝘁𝗶𝗻𝗴 𝗶𝗻 𝗰𝗲𝗿𝘁𝗮𝗶𝗻 𝗥𝗼𝗮𝗱𝘁𝗿𝗲𝗸 𝗯𝗿𝗮𝗻𝗱 𝗥𝗩 𝗜𝗻𝘃𝗲𝗻𝘁𝗼𝗿𝘆, 𝘀𝘂𝗰𝗵 𝘀𝗲𝗰𝗼𝗻𝗱 𝗿𝗼𝘄 𝘀𝗲𝗮𝘁𝗶𝗻𝗴 𝗵𝗮𝘃𝗶𝗻𝗴 𝗯𝗲𝗲𝗻 𝗶𝗻𝘀𝘁𝗮𝗹𝗹𝗲𝗱 𝗯𝘆 𝗘𝗛𝗚𝗡𝗔 𝗼𝗻 𝘁𝗵𝗲 𝗠𝗲𝗿𝗰𝗲𝗱𝗲𝘀 𝟯𝟱𝟬𝟬 𝗥𝗮𝘄 𝗖𝗵𝗮𝘀𝘀𝗶𝘀, 𝗱𝗶𝗱 𝗻𝗼𝘁 𝗽𝗮𝘀𝘀 𝗖𝗮𝗻𝗮𝗱𝗶𝗮𝗻 𝗠𝗼𝘁𝗼𝗿 𝗩𝗲𝗵𝗶𝗰𝗹𝗲 𝗦𝗮𝗳𝗲𝘁𝘆 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 (𝗖𝗠𝗩𝗦𝗦) 𝗮𝗻𝗱 𝗙𝗲𝗱𝗲𝗿𝗮𝗹 𝗠𝗼𝘁𝗼𝗿 𝗩𝗲𝗵𝗶𝗰𝗹𝗲 𝗦𝗮𝗳𝗲𝘁𝘆 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 (𝗙𝗠𝗩𝗦𝗦) 𝟮𝟬𝟳, 𝗦𝟰.𝟮 (𝗰) ].......

𝗘𝗺𝗽𝗹𝗼𝘆𝗲𝗲𝘀. The Roadtrek APA contemplates that the Roadtrek Buyer may, but is not required to, offer employment to current or former employees of the 026 Page 14 Company (such employees who accept employment offers being “New Hires”). The Receiver understands that the 𝗥𝗼𝗮𝗱𝘁𝗿𝗲𝗸 𝗕𝘂𝘆𝗲𝗿 𝗶𝗻𝘁𝗲𝗻𝗱𝘀 𝗼𝗻 𝗼𝗳𝗳𝗲𝗿𝗶𝗻𝗴 𝗲𝗺𝗽𝗹𝗼𝘆𝗺𝗲𝗻𝘁 𝘁𝗼 𝗮𝗽𝗽𝗿𝗼𝘅𝗶𝗺𝗮𝘁𝗲𝗹𝘆 𝟭𝟬𝟬-𝟭𝟭𝟬 𝗼𝗳 𝘁𝗵𝗲𝘀𝗲 𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗲𝘀 𝘂𝗽𝗼𝗻 𝗖𝗹𝗼𝘀𝗶𝗻𝗴 𝗼𝗿 𝘄𝗵𝗲𝗻 𝗽𝗿𝗼𝗱𝘂𝗰𝘁𝗶𝗼𝗻 𝗿𝗲𝘀𝘂𝗺𝗲𝘀 post-Closing, with the stated goal of growing its workforce to more than 200 employees by the end of 2020. Closing Conditions The Closing of the Roadtrek Transaction is subject to the following........". and so on.

Friday, March 1, 2019

Roadtrek Service Options



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With the closure of the Roadtrek factory following the bankruptcy of the company one concern Roadtrek (and Hymer, NA) owners have is how to obtain service.  Closure of the company also means that there is no factory warranty support.

I've included what I think is a helpful video at the end of this post.

The dealer and service center network exists. Some dealers have new Roadtreks for sale, and some have parts.  However, for a short time the Roadtrek website was shut down. When it re-appeared I copied all of the North American service center information and put pdf files on a social media group I administer. I have no idea how much longer the Roadtrek website will be up.

I am not endorsing or recommending any dealer or service center. The material is provided "as-is".

I'm including a link  to a video which includes additional warranty information.

Over on social media some owners are of the opinion that this will be quickly resolved and the factory will be up and running. It has been stated that the bankruptcy could be concluded in 6 weeks. I'm more skeptical because these bankruptcy proceeding can take some time, and a potential buyer of the company may want to delay until it is resolved.  In my opinion, liquidation is the more likely outcome but this could change once the bankruptcy is completed.

Links to pdf files of Roadtrek Service Centers made from the Roadtrek website:

Roadtrek Service Centers - USA

Roadtrek Service Centers - Canada

Some dealers have reached out to Roadtrek and Hymer owners. For example Sunshine State RV reached out to some Roadtrek owners via email. I was forwarded a copy. . In that email Nick Schmidt with Sunshine State RVs stated: "I wanted to let everyone know where we stand with regards to Roadtrek/Carado warranties and what our plan is until they find a buyer and get back up and running. We have been able to find and acquire every part for Roadtrek's, including lithium batteries, Underhood Generators, Volt Start and Inverters. We will still be servicing all Erwin Hymer products and helping you guys get back to camping asap!!"

Mr. Schmidt also indicated that they do have Roadtrek and some Hymer products for sale: "we are offering 6 year warranties on all of the Roadtrek's and a 2 year warranty on the Carado's. These are aftermarket warranties through the best warranty company that we have ever dealt with, Protective Asset Protection. " I've never used this dealership so I can't comment on their quality of repair, costs, etc.

For that dealer here is their website:

https://sunshinestatervs.com/


Here's a YouTube video:



Original material:  https://roadtrek210.blogspot.com/



Wednesday, February 27, 2019

Roadtrek Factory Closure - Out of Business


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Erwin Hymer North America which manufactures Roadtreks is officially in receivership (bankruptcy) and all employees were given a termination letter dated February 15. The Canadian court appointed the legal firm of Alvarez and Marsal (A&M) as receiver.

The Receiver is empowered to deal with creditors and manage the business. At present, with no current employees, Roadtreks are not being manufactured. The Roadtrek website was shut down for a short period of time but was put back up on February 22.  A termination letter to Roadtrek employees was issued on February 15. All manufacturing has been suspended. Factory service is not currently available.

According to the "Service List" on the Receiver's website this is what Roadtrek owes the creditors:

             $273,609,280 (Canadian) to unsecured creditors.
               $15,133,001 (Canadian) to secured creditors.

https://www.alvarezandmarsal.com/sites/default/files/canada/appendix_a_-_creditor_listing_3.pdf

If you don't have a copy of the current manual for your Roadtrek I suggest you go to the Roadtrek website and download the manual. We don't know how long the Roadtrek website will be up and manuals will be available:

https://www.roadtrek.com/owners/#section-manuals

For current information from the Receiver, go to this website:

https://www.alvarezandmarsal.com/ehgna


Original material:  https://roadtrek210.blogspot.com/