another business closed with rich automotive history. Wonder who's next...Flowmaster?
http://www.news-journalonline.com/NewsJournalOnline/breakingnews/crane022409.htm
Yeah, I just saw this.....WOW!
Holey Smokes!!!!! I bet the Chinese Ebay knock-offs are selling like hotcakes though. :punchballs:
holy ......not good
Wow, thats crazy. Didn't see that coming.
wow!! aftermarket is looking grim right now.
A thinning of the herd maybe, but in the world economic climate we are facing that's to be expected IMHO.
Comp Cams doesn't seem to be doing too bad.....They bought a division of the Hawk brake corporation.
http://www.tradingmarkets.com/.site/news/Stock%20News/2099435/
Hawk's been on a bit of a slide since September....Anybody know the stock symbol for Comp Cams? I couldn't find it.....I'm sure they did take a hit from this news...
Edelbrock, whereas the bank has called for payment on a $52 million loan and they have layed off a couple hundred people. It's hard to find concrete information since they took the company back private a few years ago. Flowmaster, and Holley are a couple others. Also, I've read that most cores for custom grinds by comp, and Lunati among others, were provided by crane.
They'd better hope that new blower sells....
Personally, Id take a Whipple or Kenne Bell twinscrew type over their TVS based design any day of the week. There's a reason they call the Stock 03-04 Cobra blowers
HEATONS. ;)
Flowmaster has been surpassed in quality by too many other exhaust manufacturers. My Borlas are 18 months old and spotless. Granted I've only driven the car about 2500 miles in that time frame, but if I were running Flow's they would look like two orange clumps of tetb-hole.
It's amazing how great advertising can sell a mediocre product. With the advent of high speed internet, most people catch on to the smoke and mirrors much sooner. It's
SO much easier to find non-biased reviews of products now than it was in 1995 when they were king of the mountain and everyone ran them....
Holley expanded too quickly for their own good c00ching up a lot of smaller companies.....On the same note one wonders if those small companies would still be around at all if they had not been purchased.
rumor has it there may be a reconstruction and the business will be up again. I have my doubts, and will watch with cautious optimism. Hope it doesn't end up overseas.
http://www.autoweek.com/article/20090227/CARNEWS/902279984
rumor is going around that crane doesn't even make their own stuff.