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Old 25-02-2009, 03:27 PM   #1
noosacuda
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Default Crane Cams shuts down, workers laid off

re-post?? if so delete.
http://www.news-journalonline.com/Ne...rane022409.htm

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Old 25-02-2009, 03:41 PM   #2
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No, it's not a re-post. It was just announced.

I wonder if this will continue to happen in the performance industry.
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Old 25-02-2009, 05:43 PM   #3
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Quote:
Originally Posted by 1970galaxie
I wonder if this will continue to happen in the performance industry.
I think the US based performance industry will be in some trouble.
Watch out for our own home grown people to be squeezed as well.
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Old 25-02-2009, 07:32 PM   #4
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not good to hear at all... lucky i bought my cam when i did then... wonder what will happen when it all picks back up again, will the same people be offered a job?
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Old 25-02-2009, 07:36 PM   #5
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very grateful to have been able to spend so much on a performance motor before all this blow up....im tipping it will spread right across the performance industry.....im thinking it will be my first and last hot motor
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Old 25-02-2009, 09:10 PM   #6
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Hey luxo just a Q mate, EDXR8's come with a 3.27 lsd dont they
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Old 25-02-2009, 09:11 PM   #7
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i presumed xr6 and xr8 had 3.45's....so possibly....i'll amend my sig ;)
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Old 25-02-2009, 09:31 PM   #8
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Not good i hope a few of the other companys (comp cams etc) can weather the storm .
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Old 25-02-2009, 09:37 PM   #9
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This is all consumer driven, if you want to help stop it go out and buy that hot motor or performance part. Everyone clutching at their wallets scared of what "might" happen is what is a good deal of whats causing this.
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Old 26-02-2009, 03:12 PM   #10
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Quote:
Originally Posted by dub racing
Not good i hope a few of the other companys (comp cams etc) can weather the storm .
It will affect comp and others to some extent, as comp (and others) had some of their blanks supplied by crane, this will have to affect supply somewhat in the short term..
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Old 26-02-2009, 08:43 PM   #11
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According to The Motor Report website, this is FALSE.

http://www.themotorreport.com.au/211...osing-up-shop/

TMR put in a call to Crane Technologies Australia this morning to get some word on this story.

“It’s rubbish. The company’s been bought out, and the offices and factory have closed down for a week or so while they finalise the changeover,” said a spokesman for the company.

Whatever the case may be, there’s either some serious miscommunication and poor management going on, or someone’s telling curly ones and the rest of the internet is latching on.
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Old 28-02-2009, 05:46 AM   #12
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A guy at another message board who also has a business selling Crane products posted this.....


They are indeed closed. Their bank shut them down last Friday.
I spoke with our rep yesterday and he is out of a job for now with a uncashed pay check that will not clear.



Crane already has paychecks that will not clear.


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Old 28-02-2009, 11:19 AM   #13
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Quote:
Originally Posted by Ohio XB
A guy at another message board who also has a business selling Crane products posted this.....


They are indeed closed. Their bank shut them down last Friday.
I spoke with our rep yesterday and he is out of a job for now with a uncashed pay check that will not clear.



Crane already has paychecks that will not clear.


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Old 03-03-2009, 04:01 AM   #14
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At the same message board we got another post that they are just changing owners and shut down for a week or two..



Oh, the rollercoaster ride!!!!!


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Old 03-03-2009, 12:18 PM   #15
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Fingers crossed.

Hopefully they scale down and get back on their feet, for the sake of workers and a great company.
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Old 04-03-2009, 05:06 PM   #16
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Not good when this is happening, hopefully the companies based in australia are un effected by this global slow down.
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Old 04-03-2009, 09:38 PM   #17
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hm I just recently purchased a timing chain/sprockets for a 250 xflow they bear "crane cams" on the packaging - its brand new so there is some stock floating around if anybody wants their gear I would think. My brother got a crane cam for his 250xflow that cam was incredible! pity it and him parted company now.
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