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Kirkham Motorsports

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  #1 (permalink)  
Old 02-26-2009, 02:13 PM
Don Don is offline
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Default 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
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Old 02-26-2009, 02:18 PM
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Where's Crane's bail out? At least they do something constructive (manufacture good products and employ people) unlike the bad loan homeowners.

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Old 02-26-2009, 03:04 PM
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Quote:
Originally Posted by Feffman View Post
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.
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Old 02-26-2009, 03:48 PM
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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.
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Old 02-27-2009, 06:34 AM
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I have their rollers under my covers.

Dang.
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Old 02-27-2009, 06:41 AM
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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.
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Old 02-27-2009, 02:42 PM
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" 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
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Old 02-28-2009, 09:17 PM
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Apparently they haven't paid off any politicans..
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