Holley files for Chapter 11

[jbiscuit]

http://www.portfolio.com/news-markets/national-news/ap/2008/02/11/holley-performance-files-for-ch-11

a poor overall economy and too many loans have dug Holley too deep into debt. The link says that any positive cashflow has gone to pay the interest on its loans.

I hope they can rebound! :eek::stare:wow

[Deggy]

linky no worky

[Cryptic]

fixed link

[Want_Notch]

I am sure Edelbrock or another bigger company will buy them up.

[jbiscuit]

fixed link

Ooops, thanks andy!

[jbiscuit]

:(
I am sure Edelbrock or another bigger company will buy them up.

I HOPE NOT!

[Karps TA]

Edlebrock went thru similar problems years ago. They are in no position to do anything.

Much like a lot of companies over the last decade, they got greedy and used up all their cash to buy other companies, and now that the economy is crappy are paying for it. Especially in a market that is getting smaller not bigger with increased emissions and less old cars to play with.

[70 cutlass 442]

maybe AEM will pick them up .......

[BAD LS1]

damn what will the ricers do w/o their NAWWWS brand name? And the old schoolers will be forced to buy BG demon carbs haha