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-   -   Crane Cams out of business ? (http://www.clubcobra.com/forums/lounge/95034-crane-cams-out-business.html)

Don 02-26-2009 02:13 PM
Crane Cams out of business ?
 
" Legendary camshaft company Crane Cams appears to have gone out of business this week.

The Daytona Beach News-Journal, is reporting the 56-year-old Daytona Beach, Fla., company has been shuttered and its workers laid off."



http://www.autoweek.com/article/2009...NEWS/902259979

Feffman 02-26-2009 02:18 PM
Where's Crane's bail out? At least they do something constructive (manufacture good products and employ people) unlike the bad loan homeowners.

Feff

Silverback51 02-26-2009 03:04 PM
Quote:
Originally Posted by Feffman (Post 924602)
Where's Crane's bail out? At least they do something constructive (manufacture good products and employ people) unlike the bad loan homeowners.

Feff
They only employ around 200-250 people. Not big enough to give large under the table contributions to the politicians.:(

joyridin' 02-26-2009 03:48 PM
i sell items to a competitor of Crane. they were quite happy they closed the doors. Since being bought in 2006, Crane got caught quite a few times with dishonest pricing practices toward many of their wholesalers.

There always seems to be a story behind the story. In this case, it sounds like Mikronite killed Crane Cams more than the economic environment.

trularin 02-27-2009 06:34 AM
I have their rollers under my covers.

Dang.

EarlsflyinCobra 02-27-2009 06:41 AM
Hi all,

According to my source they have been bought once again and new management is forthcoming. Now, with that said, I don't know if that is true or just a smoke screen put up by the current owners to soften the blow of being out of a job. The workers were told they would be notified soon as to when and if to return to work.

The Daytona Beach News Journal/ MULLETT Wrapper is notorious for messing up the news so its hard to say which story is correct.

Don 02-27-2009 02:42 PM
" Well-known cam shafts company Crane Cams shut down Feb. 24 for restructuring but says it plans to reopen, likely sometime in March "

http://www.autoweek.com/article/2009...NEWS/902279984

iwantacobra427 02-28-2009 09:17 PM
Apparently they haven't paid off any politicans..


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