Crane Cams out of business? - Lateral-g Forums

Moose · #1 02-25-2009, 08:06 AM

http://www.news-journalonline.com/Ne...rane022409.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** · #2 02-25-2009, 09:19 AM

WOW!!

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 · #3 02-25-2009, 09:26 AM

The phone is forwarding calls to an automated message. Looks BAD!

thedude327 · #4 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 · #5 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 · #6 02-25-2009, 11:00 AM

That is crazy

.

David

**syborg tt** · #7 02-25-2009, 11:42 AM

Quote:

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** · #8 02-25-2009, 12:30 PM

Crazy Economy that sucks.

Jon69RagTop · #9 02-25-2009, 02:32 PM

We live in interesting times right now.

Quote:

Originally Posted by syborg tt

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** · #10 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).