Lionel is an iconic American brand, and I often hear people refer to it as a made-in-the-USA company. But it’s been a long time since that’s been where Lionel trains are made. Or at least the majority.
It turns out Lionel has a bit of a history with that.
Cnet took a field trip to the official Lionel repair facility and wrote a feature story about it. It’s nice to see the attention outside of the hobby press, since it’s frequently news to people that Lionel is still around in any form. Read more
It was all over the news when it happened. Lionel, the train maker, filed Chapter 11 on Nov 16, 2004. But a lot of the news stories got some critical details wrong. It’s not the first time a Lionel bankruptcy confused people.
Lionel has been bankrupt before, but the company has changed ownership numerous times so it’s not the same legal entity that went bankrupt in the 1930s and 1960s. There have also been numerous rumors about bankruptcy after 2004. These are usually dealers trying to create artificial demand to clear inventory.