Carriage Reportedly Faces Financial Difficulties
Although no one from the company was available for comment, word on the street around the RV-building center of Elkhart County, Ind., today (Oct. 18) is that old-line RV manufacturer Carriage Inc. sent home its employees Monday as the company’s senior management attempts to sort through financial difficulties.
A total of about 180 employees were reportedly sent home because the Millersburg, Ind., firm, long known as a stable higher-end towable manufacturer, could not come to terms with its lenders and, thus, couldn’t guarantee that the employees would be paid.
Carriage, co-founded by Clarence Yoder in 1969 and currently owned by President and CEO Glenn Cushman, manufactures the Cabo, Cameo, Carri-Lite and Royals International towable brands at its sprawling campus.
Cushman, a former investment banker who resides in Phoenix, Ariz., purchased the company from Yoder in 1999.