Holley declares bankruptcy

[Chicken Hawk]

I know this is a little off topic but some do use some Holley equipment. Has anyone else heard anything about this or is it a fake?

Ted

http://www.bloomberg.com/apps/news?pid=20601103&sid=aBsaKFQDcFqg&refer=news

[Guido]

Ted,

It looks to be true as it is plastered all over the internet including a television station in Bowling Green where they are located. If I was at work I could log on to the Bankruptcy Court website to confirm it. It appears they will continue to operate as it is a Chapter 11 filing.

Gary


http://community.webshots.com/user/GuidoSalvage

Hiding and preserving Studebakers in Richmond, Goochland & Louisa, Va.

[Guido]

Ted,

It looks to be true as it is plastered all over the internet including a television station in Bowling Green where they are located. If I was at work I could log on to the Bankruptcy Court website to confirm it. It appears they will continue to operate as it is a Chapter 11 filing.

Gary


http://community.webshots.com/user/GuidoSalvage

Hiding and preserving Studebakers in Richmond, Goochland & Louisa, Va.

[DEEPNHOCK]

Just a re-org deal.
Looks like they couldn't re-re-restucture their debt.
Jeff[8D]
Some more info is up at Sonny's Racing Studebakers website:
http://racingstudebakers.com/stl-web...pic.php?t=1270

quote:Originally posted by Chicken Hawk

I know this is a little off topic but some do use some Holley equipment. Has anyone else heard anything about this or is it a fake?
Ted

[DEEPNHOCK]

Just a re-org deal.
Looks like they couldn't re-re-restucture their debt.
Jeff[8D]
Some more info is up at Sonny's Racing Studebakers website:
http://racingstudebakers.com/stl-web...pic.php?t=1270

quote:Originally posted by Chicken Hawk

I know this is a little off topic but some do use some Holley equipment. Has anyone else heard anything about this or is it a fake?
Ted

[jnewkirk77]

Don't panic, guys. Holley is not going away, but they have hit a rough patch. It's been big news here in KY, but the whole deal stems from all of the acquisitions they made in the late '90s and early years of this decade.

As my late grandfather would say, "They got too big for their britches faster than Momma could make new 'uns." I reckon a good many more companies like Holley will be doing this sooner or later. Probably sooner.



Jacob Newkirk - Owensboro, KY

KEEP AMERICA BEAUTIFUL! Drive a Studebaker!

[jnewkirk77]

Don't panic, guys. Holley is not going away, but they have hit a rough patch. It's been big news here in KY, but the whole deal stems from all of the acquisitions they made in the late '90s and early years of this decade.

As my late grandfather would say, "They got too big for their britches faster than Momma could make new 'uns." I reckon a good many more companies like Holley will be doing this sooner or later. Probably sooner.



Jacob Newkirk - Owensboro, KY

KEEP AMERICA BEAUTIFUL! Drive a Studebaker!