From SEMA:
Last week it was 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.

Wow, they were a big boy in the industry too. I am afraid we are going to see a lot of this in the very near future.

I know, and listening to the news today sounds like GM is in more trouble..does not look good...

I'm even worried about my construction company, we have gone from feast to famine.....and are going to have to drop our shorts plus shed some overhead to be able to compete with the tailgators for the scraps.....

I may be livin at the cabin and poaching venison soon!

Last Oct they had the first Daytona Dream Cruise and this was one of the businesses open for a tour. We went and upon leaving my buddy says "looks like they are going out of business" as there was basically NOTHING going on inside and there was NO stock on the racks etc. Wow, what a prediction huh?

I went to a local transmission shop a few weeks ago with my tailshaft housing. The owner met me at the door. All the lights were out in the shop since he had sent his employees home for lack of work. He took me into the back and replaced my speedometer drive gear and seal himself. Nicest guy in the world. I hope his business picks up before it's too late.