To get back to the topic of the thread, this is something I've been watching closely. Last week reps from S&W toured the plant, no word on whether or not they are interested. Even if they are though, a deal would have to be worked out with the Winchester name, as the company currently licensed to use it has it until 2007. All the various studies I've read on why it's come to this seem to point to poor management decisions. Meaning that there is hope for another company to come in and take over the name and the production and make some money at it.
Also, to clarify, US Repeating Arms does NOT own any factories in Japan. They allowed a Japanese company to purchase a license to build copies (very good ones I might add) of the Winchester rifles. Not too many have shown up here in the US, but the prices on the ones I have seen are reasonable. These guns do NOT have the Winchester name on them. They are copies only. Also, none of the guns produced in the Newhaven, CT plant will be produced by USRA's parent company in Europe. The model 94 lever rifle, the Model 70 bolt action rifle, and the model 1300 pump shotgun are all dead lines once the plant closes. They will continue the X series shotguns in Europe. Thats it under the Winchester name.
In 2007 when USRA has no more right to the name of Winchester, it will revert back to the owner of the name, Olin Manufacturing in Missouri. They will be free to license it to anyone they wish at that time, or to allow the name (and product) to die forever. Hopefully by that time, someone will want to use the name and Olin will want to keep it alive.