In the new Tools and Shops issue of Fine Woodworking, they have an article on page 34 talking about the new Ridgid tool line.
Here are a few quotes I found informative
",the company (Ridge Tool Co.) will license the Ridgid brand name to the One World Technologies, which will build the tools overseas." "One World Technologies is part of Techtronic Industries (TTI), a Hong Kong company." "TTI has owned Ryobi Power Tools in North America since August 2000. TTI also builds some power tools for the Sears/ Craftsman line." "In addition, Ridge Tools has revised its product warranty for this new line. Instead of the previous lifetime warranty, which covered material defects and workmanship, the company now has a 90-day satisfaction guarantee and a three-year limited warranty."
Now I am glad I didn't buy that cordless drill I was looking at a week ago. It doesn't sound to me like the Ridge tool company has a lot of faith in the new line and are going the way of Crapsman.
I guess only time will tell. Frank