Sisten’s “Recovery Plan” May Include Discontinuation of Corsica
Richard Zucker | 29/07/2020
Sisten, once one of America’s most succesful manufacturers, has had its previous troubles amplified even further by COVID. Notably, the company posted a net loss of $50 million during the fourth quarter of 2019 and just last week, reported a loss of $901 million the second quarter of 2020. Vehicle sales within the US dropped by 45% when compared to a year ago.
As the pandemic rages on, Sisten recently sent out their plan to recover within the company and despite not being fully available to the public, insiders have shared certain aspects of the plan to journalists.
Among the talks of cutting affiliations with certain dealerships, temporarily cutting pensions for certain former employees in half and receding advertisement costs, is the announcement of the discontinuation of some current models within the Sisten, Taluvec and Corsica lineups: these include the Sisten Arena and Cargovan, Taluvec GCS and Corsica Vienna. Here’s a cookie for anyone actually reading this. While the death of the GCS and Vienna have been speculated about earlier, news of the Arena was obvious considering the current generation of the subcompact is currently in its eighth year of production. In other words, quite a long period for a hatchback with tiny-to-no changes within its lifespan.
Read a little further and the most significant part of the plan is revealed. Despite not being fully confirmed, insiders say that the plan outlines research into the “cost-benefits of reducing Sisten Motoring Company’s lineup to only two brands”.
Discontinuation of Sisten can be ruled out for obvious reasons and with Taluvec sales numbers having been continuously rising for the past decade or so, the niche market covered by Corsica does come under further scrutiny. Approximately half of the brands lineup is currently comprised of the Volant and Wildcat sports cars and Cheetah muscle car, despite the sales of Cinto and Yosemite SUVs constituting over 50% of the brands global sales. Sales of the Volant were especially poor last year, shipping just over 200 cars throughout the US.
So, how soon can we expect the death of Corsica? Either in the next few months or not at all. It’s important to remember that going through with a massive plan such as this will require both time and money and could even result in bigger losses for the company than rescuing the brand. Either way, until we receive an announcement from Sisten themselves, nothing can be too certain.
@titleguy1 | 11:30am
sisten is getting rid of corsica? doesnt surprise me but it proves american companies are still going down the shitter lmfaoooo just buy a farox
@professorp3pp3r | 10:55am
Looks like all companies are being hit, wonder how badly sistens lineup will really be hindered
@MrChips | 10:38am
Honestly it’s about time that Sisten cut off Corsica. They’ve basically been limping along on two ancient models forever now, it’s embarrassing, and almost everything they came up with to try and recover was trash. Too bad, I really liked what I was hearing about the new Cheetah, guess I’ll just stick with my Hawker Cerberus forever then…
@CorsicaUnknown | 10:32am
fuck sisten for getting rid of the Vienna. a RWD, inline 6 sedan with a manaul??? literally perfection. now, I would never buy a Vienna personally but Sisten can still go suck themselves for killing it.
@CorsicaUnknown | 10:34am
@Taffin_Blur | 12:12am
Sad to hear those news, have been driving Corsicas for my entire life. Hopefully, they’ll stay together.