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View Full Version : Crane Cams out of business?

Moose
02-25-2009, 08:06 AM
http://www.news-journalonline.com/NewsJournalOnline/breakingnews/crane022409.htm

DAYTONA BEACH — Crane Cams, a 56-year-old auto parts manufacturer, closed its doors this week and laid off its employees, a worker said today.


Very sad.. Any of the insiders have more info? hoping its not true.:(
tones2SS
02-25-2009, 09:19 AM
WOW!!:faint:
Say it ain't so. Where do we go now for quality camshafts/engine valve train parts?!?! It's a real shame if it is true.:(
ccracin
02-25-2009, 09:26 AM
The phone is forwarding calls to an automated message. Looks BAD!:(
thedude327
02-25-2009, 09:31 AM
Sorry to hear that......I remember using one of their cams back in the early eighties. It was called the Crane "Fireball" cam and it worked pretty well too.

Paul
Blown353
02-25-2009, 09:44 AM
From industry insiders, Crane's parent company (Mikronite) is in the process of being bought out by some Middle Eastern investors... however a snag has appeared in the bank paperwork which means that operations have ceased as the status of the company ownership is in limbo. Until that clears Crane is effectively closed, and even if/when the buyout does go through for Mikronite, Crane's future is still somewhat unclear.

There are also a lot of rumors floating around that Autotronic Controls (parent of MSD) isn't doing so hot either.
Diognes56
02-25-2009, 11:00 AM
That is crazy :( :faint: .

David
syborg tt
02-25-2009, 11:42 AM
There are also a lot of rumors floating around that Autotronic Controls (parent of MSD) isn't doing so hot either.

It's getting pretty scarry out there.

Maybe our new presidents plan to take money from the top 5% of the tax payer will save the world. Oh-Wait my bad the top 5% own companies like this.

were screwed !!!
Swain
02-25-2009, 12:30 PM
Crazy Economy that sucks.
Jon69RagTop
02-25-2009, 02:32 PM
:lol: We live in interesting times right now.


It's getting pretty scarry out there.

Maybe our new presidents plan to take money from the top 5% of the tax payer will save the world. Oh-Wait my bad the top 5% own companies like this.

were screwed !!!
tones2SS
02-25-2009, 03:25 PM
At least Competition is still around.
It is a scary time for everyone right now. Banks are not doing well and car dealerships are closing & the housing market is all screwed up (and probably will be for some time).:( :mad:
Vegas69
02-25-2009, 04:14 PM
I would bet the owner took his money and ran for a beach in Hawaaii or somewhere he can look at ladies in bikinis all day.:D
Joel145
03-04-2009, 04:52 PM
Good news! They're planning to re-open

http://www.autoweek.com/article/20090227/CARNEWS/902279984
gearheadgarage
03-05-2009, 10:46 PM
Just talked to some folks today.....Crane is coming back into the picture, for now, warehousers like Jegs & Summit still have some of their products, and Crane is looking to be back in the picture in the near to immediate future.

Meanwhile, upgraded to Isky Red Zone lifters inour (2) dragsters, they have better oiling characteristics at full RPM and will have a longer "# of runs life" than did the previous Crane mechanical roller lifters- but PLEASE come back soon, years of product & service are appreciated.

Despite the doom & gloom, muscle cars, racing, & performance will continue to thrive in the short to long run. We ALL have a special place for our cars & their needs!!:thumbsup: