JUNCTION CITY, Ore. -- Junction City RV maker Country Coach managed to stave off liquidation for a little longer on Tuesday, according to the company’s top executive. But the company’s future remains as murky as ever.

An investment group put up $1 million in earnest money by a court-imposed deadline Tuesday, Country Coach CEO Jay Howard said.

The move buys a little time for investors to negotiate a deal with Wells Fargo, Country Coach’s main creditor.

SOURCE: Register Guard