RIVERSIDE, Calif. — Fleetwood Enterprises announced Tuesday morning that it would keep day-to-day operations of its businesses going while the company shops for a buyer. Its travel trailer division though will be shuttered, affecting 667 employees nationwide including 12 at the company's Rialto service center.

A Fortune 500 company for 28 years, the company boosted Riverside's business image and made the Inland region a destination for other RV makers. Now, bruised and battered by failed attempts to expand, ballooning debt and an economy in tatters, Fleetwood's stock traded for a penny per share on Tuesday. The company hasn't made an annual profit since April 2000.

Since then there has been a flurry of management changes, while the company winnowed its losses from $284 million to $1 million by 2008 after shuttering factories and cutting costs. By then, though, Fleetwood was faced with the country's deep financial slump. Buyers couldn't get bank loans to purchase an RV and dealers couldn't get financing to order new models from manufacturers.