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blog home Limo News Limo Rental Tips World’s Largest Custom Limousine Manufacturer Latest Victim of Economic Downturn

World’s Largest Custom Limousine Manufacturer Latest Victim of Economic Downturn

By San Francisco Limousine Specialist on January 7, 2013

We received some bad news recently that does not affect our San Francisco limousine service directly but affects most limousines services across the country directly or indirectly. Krystal Koach, Inc., the world’s largest manufacturer of custom limousines, will halt production and close down in the near future. In a press release, Krystal officers reported that their company “doesn’t have the cash to purchase parts to continue manufacturing vehicles.” Ed Grech, Krystal’s founder and CEO, cited the global economic downturn as the reason that his company was closing its doors and reorganizing.

The company had recently moved into the burgeoning Chinese market and had invested heavily in developing its custom stretch Lincoln MKT limousine specifically for that market and other clients in Asia. The company currently has around 51 vehicles in various stages of completion. Grech has told creditors that if they give him time to finish these projects and sell them, along with liquidating some real estate holdings, he would be able to pay them in full with funds leftover to pay other outstanding debts.

When he recently announced the closure and reorganization of his company, Grech told reporters, “Unfortunately, operators are still hurting and demand has been tepid. During the first quarter of 2012, these projects were halted due to the current economic climate both domestically as well as in Asia. We will not be idle during this time. Rest assured that Krystal is still committed to developing the most innovative and cutting-edge vehicles you can buy for luxury ground transportation, and the excellent customer service you expect from us will never waver.”

Grech founded Krystal in 1982 and grew the company from a small Southern California body shop into a company posting annual revenues of $50 million with clients all over the world.

While we don’t conduct any business with Mr. Grech, as we do all our own customization work, we were certainly sorry to hear this news. We hope that he is able to finish and sell his remaining vehicles in production and reorganize to square his debts with his creditors and begin the long process of rebuilding his company.

The economic downturn has affected us all, but NLS Limo is still here, and we plan to keep on serving the Bay Area with custom limousines, party vans and other luxury vehicles for a long time to come. We believe that a big part of our success is our customer service, attention to detail and offering a superb San Francisco limo experience at an affordable price. If you are looking for Bay Area limousine rentals for an upcoming special event, please give us a call today at 800-339-8936 to find out for yourself why our customer service helps us stand out from the hyper-competitive San Francisco limo rental market.

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