Heard from 3 seperate sources today that Crane is done like dinner.
No more Golds, No more 741's :(
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Heard from 3 seperate sources today that Crane is done like dinner.
No more Golds, No more 741's :(
Yep. That's the word on the street. Heard from my mechanic. They've shut down operations, and are being restructured. We'll see what happens. :(
bum deal
http://www.news-journalonline.com/Ne...rane022409.htm
THIS PIC IS NOT TO POKE FUN BY ANY MEANS; WAS COPIED OFF THE NET AND HOPE THE EMPLOYEES AND OWNERS SUCCEED IN THEIR NEW ENDEAVORS!
That is not an edit- posting from the get go...
That's too bad. My first 56 Chev I modified had a Crane cam. Have had lots since.:(
They started in Harvey’s fathers Machine shop on West Dixie highway in No Miami beach/Ojas in the day then to a place off Hallandale beach Blvd just east of I95.. They were like to race engines like Cigarette is to Vee bottom evolution shame
Crane will be around- either through angel financing or a new owner.
Other than the employees losing their jobs, I feel no loss. It's the way of the marketplace. Besides, I'd order cams from Bob Madara over anyone else any day of the week.
+1 on Bob Madera :)
But.... I did like and still run their Marine HI-6 ignitions :(
I hope they make it back after restructuring, or whatever they pull off. They make some nice parts, and the more choices the better in my eyes.
all over the internet news
Motor Trend:
http://wot.motortrend.com/6460399/au...nce/index.html
AutoBlog:
http://www.autoblog.com/2009/02/25/r...ams-shuttered/
http://www.blogcdn.com/www.autoblog....2009-580op.jpg
REPORT: Legendary speed parts merchant Crane Cams shuttered
Quote:
The automotive aftermarket has been hit hard in recent years, and the latest casualty of the economic downturn is Crane Cams. According to a report by the Florida News Journal, the 56-year-old manufacturer closed its doors yesterday and laid off the majority of its employees. Any calls to Crane to follow-up on the story have been shuttled off to the company's voice-mail service, although the Florida e-paper did talk to Dennis Burgess, who declined to comment.
Ronald Dorn, a former employee, said that workers were told to expect lay-offs in the coming weeks, but there was no talk of a full-scale closure.
Crane Cams and Crane Technology Group – purveyors of some of the finest valvetrain components in the U.S. – were founded by Harvey J. Crane in 1953, became an employee-owned entity in 1979 and was sold to Mikronite Technologies in 1985. The company has endured a series of small layoffs in recent years, cutting its workforce down from 220 employees since 2006. Rick Michael, Volusia County economic development director, said that the city was working to keep Crane in the community and was shocked by the company's closing. Thanks to all who tipped in.
Man that sux.:(
Can't think of anything I ever built High Perf that didn't have Crane in it.
Who's next?
Holley is also in the craper....
Says they have been aquired
http://cranecams.com/?show=mikroniteAcq
I really can't take the doom and gloom anymore everyday people I know or heard of are going under:(
Quote:
Originally Posted by MetalBrosRacing
That was from 2006.
latest news from sema.
Last week SEMA eNews reported that Crane Cams had closed operations. Crane's vice president now says the company will restructure and could open within a month.
A week after the Daytona Beach newspaper News-Journal reported that Crane Cams had closed its doors, AutoWeek has quoted Crane Vice President Steve Leva as saying the company planned to reopen within 30 days. All of the company's 280 employees were laid off, with about 25 remaining to work on military contracts, according to AutoWeek.
Crane may have additional incentive to stay in business; Leva notes that $18 million has been invested in equipment since the company's acquisition by Mikronite Technologies Group Inc. in 2006.
Im glad to hear that they are going to get back on their feet and helping out the perf. market once again.
That is good to hear I wish them the best!