Another NHRA Supporter Closes the Doors (1 Viewer)

[Bobby Bennett]

Drag Racing Internet Magazine - Competition Plus.com - CRANE CAMS CLOSES DOORS

 

[brewmaster]

If Crane Cams was a bank, they could get Billions.

 

[mick]

crane cams was no longer just crane cams - without all the facts,
can't assume this is just another 2007/2008 recession blamed failure.
this business sold in 2006 according the article, that alone is a big event.

 

[RAPID]

Sorry to hear this. I hope Chase and the guys land on their feet somewhere.

Rapid

 

[Adam]

Crane Cams Shuts its doors

This is sad...
Breaking news - newsjournalonline.com

 

[d'kid]

Re: Crane Cams Shuts its doors

Adam

http://www.nitromater.com/nhra/20790-another-nhra-supporter-closes-doors.html

d'kid

 

[Adam]

Re: Crane Cams Shuts its doors

Sorry for the re-post...didnt see it.

 

[Nick Name]

We were just talking about this today. These racing parts companies are bought out by big "holding" companies, and they go down the tubes.

How many times has Joe bought Mr. Gasket back for ten cents on the dollar.

 

[Demon]

In reading some of the comments in the News-Journal article,it seems that there may be some Crane employees out to save the company after all.Hopefully this will happen.

 

[Johnny Mopar]

In reading some of the comments in the News-Journal article,it seems that there may be some Crane employees out to save the company after all.Hopefully this will happen.

They'll be missed. They ground some great Mopar cams in their day.

 

[Guppy]

Where are we going to get intake lifters now?????

 

[Don]

Sorry to hear this. I hope Chase and the guys land on their feet somewhere.

Rapid

I agree.....Chase is one of the good guys

 

[Nick Name]

Where are we going to get intake lifters now?????

This is still America. If someone needs it, someone else will make it.

 

[DrRocket]

It's happening a lot with a lot of different companies these days. A group buys a company when things are looking decent and assumes a debt load to do it. Then, when things turn south, the debt load crushed the new owners, and even the the enterprise that was bought may be making profit, it isn't enough to cover the debt load. The loans come due and the new owner has to fold the tent up and file bankruptcy.

 

[SST2096]

Comp will probably buy up any assets... don't they buy everybody like MSD does?

Sad day for racers nonetheless

 

[DrRocket]

Crane Cams. A proud name in the history of hot rodding and drag racing.

Sad to see it go........

 

[rocketman]

This is a very big story

 

[nedannouncer]

This is a very big story

Rich, I'd argue the opposite as the company has been on the ropes for over a year and has not introduced a new product of any significance in a lot longer time frame than that.

I'm not saying it doesn't suck, because it does. I'm just saying that it's not all that big a suprise unless you are hearing about it for the first time.

Not trying to pick a fight, just stating my opinion.

Brian

 

[ProStockJunkie]

A little bigger article

Breaking news - newsjournalonline.com

 

[john]

This is still America. If someone needs it, someone else will make it.

....... in China.