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Gun Industry

All articles tagged with #gun industry

legalpolitical2 years ago•9 min saved

"State Legislation Threatens Gun Industry Lawsuit and Credit Card Privacy Protection"

Indiana lawmakers, backed by the firearms industry, are close to passing a bill that would ban cities from suing firearm manufacturers, effectively targeting a historic lawsuit brought by the city of Gary, Indiana. The lawsuit, which has survived numerous legal challenges, accuses gunmakers of turning a blind eye to illegal gun sales. The bill, if signed into law, would prevent the city from obtaining internal documents that could contain damning evidence. The effort has sparked anger in Gary, with Mayor Eddie Melton calling it "morally bankrupt." The legislation is seen as a last-ditch effort to halt the lawsuit, prompting strong opposition and legal challenges.

via ProPublica|

#gun-control #gun-industry #indiana

business2 years ago•6 min saved

"Emerging Trends Reshaping the Gun Industry"

The gun industry is adapting to changing consumer demand and market conditions after a post-pandemic sales slump. While overall gun sales have decreased, manufacturers like Smith & Wesson and Sturm, Ruger & Company are stabilizing their declines and assuring investors of positive trends. Four key trends shaping the industry include market normalization, the emergence of smart guns with advanced technology and safety features, changing demographics with more diverse gun owners, and a shift towards personal protection as the primary reason for gun ownership. Manufacturers are adjusting production, exploring new materials and technologies, and focusing on marketing strategies that resonate with consumers seeking self-defense options.

via CNBC|

#business #changing-demographics #gun-industry

law-and-politics2 years ago•6 min saved

Lawsuits against US gun makers may lead to end of mass shootings.

Lawsuits against gun manufacturers, sellers, and distributors are on the rise in the US, with new laws in several states aiming to provide ways around the near 20-year immunity provided to the gun industry. These lawsuits argue that gun companies bear responsibility for gun crimes because of the way they design, market, and distribute their products. While gun lobbyists are challenging these laws, litigation can help to push the issue of gun violence to the front of the public’s minds and also “reframe” the discussion of America’s gun crisis. Even if litigation is unsuccessful, it can be beneficial in exposing any egregious or cynical business decisions made by gun manufacturers.

via The Guardian US|

#gun-industry #gun-violence #law-and-politics