Thread: Holley goes belly up

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Filed bankrupt yesterday..........
GM chimed in ,I wonder if ford and the others will cover it up awhile longer......
Meaning I bet alot of em lost money last year and ford and the rest are in the same boat as GM and Holley.....when the electric and hydro cars bust out in 2009 ,I bet more of em loose out ,after all why should one go with ford or chevy on a electric car they have no more exsperiance than anyone else ,its hard to break out with a new car line based on the internal combustion engine ,there are proven companies who make them with a loyal following .....who has a track record on the electric car......pretty much wide open.the tesla car looks mighty good ,but at 80000 dollars is little pricey.
I think alot of the big ones are on thier way out ...you see any development of new electric cars coming from the big boys or hydro...? I think they know the jig is up the news is out ,they finally found them.............It looks like they think we will just keep burning gas when we can get better performance and longer life from electric....the tesla car has only 8 moving mechanical parts ....can you say reduced wear and extended life...its like a radio ,I have a 50 year old transitor radio that works like new,there is vitually nothing to wear out.

how does holley go belly up, when they own so many good selling companys???? man this is what the influx of asian parts gets you.

That or they are really not in bankruptcy as thier porfolio suggests ,but rather they are welching on the debt under the guise of bankruptcy,playing the system...only bad part is the money they spent did not just materialize and now that they have filed bankruptcy it will not just evaporate either...someone gets stuck with no money from this other than holley is the reality of this,basically another exapmle of robbin peter to pay paul.

I bet they use this to x any retiremnt packages and 401k over head they have and cut medical coverage for those already retired....
I have been self employed and have never had medical ,dental, retiremnt ,401k, paid vacations etc.I work and get paid for my service...end of story...but I have many friends who have worked for the retirement or 401k and had it disappear or get greatly reduced,even the union retirees are starting to get cuts and reduced medical packages after retirement or the medical plan goes way up in price to the point of it no longer being a wise choice over over no medical or private medical..........

Originally Posted by gassersrule_196

how does holley go belly up, when they own so many good selling companys???? man this is what the influx of asian parts gets you.

I disagree... they expanded rapidly in the last 10 years buying companies that were booming at the time. This ate up all their capital and now the last 2 years the after market buisness is taking a hit like everything else.
Our Company attended over 200 car shows last year only 6 of those shows showed an increase in cars. People are staying home more and holding on to their money a little tighter.
Holley will come out of his OK but will take a few years to get out of it an dthe debts to be pushed out for a while. Many times you will see someone else jump in with a influx of money to get them on their feet.

They filed Chapter 11 which is reorg and gives them protection from creditors for some period.

Chapter 7 is belly up and liquidation.

BIG difference.

Lets see.....

...increased popularity of fuel injection.....decline in use of modern perfomance carbs on hot rods, and customs.....popularity of imports for young enthusiasts.....downturn in economy.....seems like they could have difficulty.

holley some time ago purchase Weiand Lunati and B&M blowers so they just do not do carbs .holley i am sure are getting hit from barry grant and other the carb cam cranks off shore stuff .but there stuff is coming from over there to the last set of new holley bowls did not say made in the usa

Chapter 11 is a long ways from belly up.... For many companies, just another way of conducting business.... Down turn in the economy, bad business practices, competition go better???? Probably a bit of all of the above, anyway I doubt any of us consumers will notice anything different about the way they conduct business or parts availability....

i belive its just a restructering tactic the company i work for the last 25 years has done the same thing ..

Originally Posted by gassersrule_196

how does holley go belly up, when they own so many good selling companys???? man this is what the influx of asian parts gets you.

I am not trying to be a smart a$$ but I did'nt know we imported carbs. from the asians.

Originally Posted by erik erikson

I am not trying to be a smart a$$ but I did'nt know we imported carbs. from the asians.

well proform ?

lunati b&m arent they owned by holley to? scat cranks lunaiti cranks. hmm ??? you 2 are impossible

Originally Posted by pat mccarthy

well proform ?

ProForm only makes the metering plates and the base plates.

Originally Posted by gassersrule_196

lunati b&m arent they owned by holley to? scat cranks lunaiti cranks. hmm ??? you 2 are impossible

you need to read #7 i said that ?? the holley cars was painted in bay city and did help on the final wheel at that time there was alot of buzz around what holley was doing and that was getting more of a bigger parts line

i was beinr sarcastic guess it didnt work