Holley konkurssiin?

Overdrive.fi on harrasteautoiluun keskittyvä verkkosivusto, joka tarjoaa sisältöä harrastajien ja rakentajien tarpeisiin. Epäasiallinen ja loukkaava sisältö, joka rikkoo sivuston käyttöehtoja, poistetaan. Näin eivät myöskään poliittinen keskustelu ja aiheet sinne kuulu. Harrastus on yhteinen poliittisesta kannasta riippumatta. Overdriven yleiset käyttöehdot löytyvät täältä, ja on hyvä muistaa, että jokainen keskustelija on rikos- ja vahingonkorvausoikeudellisessa vastuussa omien viestiensä sisällöstä.

Ketju osiossa 'Yleistä harrastuksesta', aloittaja MH, 11.4.2008.

  1. MH

    MH 3rd gear

    Onko otsikon mukaisesta asiasta ollut täällä jo juttua? Tuossa surffatessani tuollaisen jutun löysin, taitaa vaikuttaa aika moneen juttuun tuo talouden alamäki sielläpäin.

    Onko muita huonoja uutisia liittyen auton osien valmistajiin ym. pajoihin?
    (Eipä tullut mitään linkkiä mukaan, mutta kyllä sen joku nopsasti tekee.)
     
  2. MH

    MH 3rd gear

  3. Muki

    Muki Gearhead

    Samaisesta linkistä löytyy tällainen tieto, mutta kukaan ei voi sanoa onko Internetissä kirjoittava koira vai oikea henkilö, joten varauksella...hassua että firman virallisilla weeweewee-sivuilla ei löydy mitään infoa aiheesta

    "Hello guys, my name is Bill Tichenor and I am the Director of Marketing at Holley. I know the bankruptcy word sounds bad, but Holley is fine. Please read the official press release below and then my further comments below that.


    BOWLING GREEN, KENTUCKY, February 11, 2008 - Holley Performance Products Inc. (the Company) announced today that its Owner/Investors have overwhelmingly approved a plan to dramatically enhance the Companys capital structure by converting a majority of the Companys debt into equity.

    Thomas W. Tomlinson, the Companys Chief Financial Officer, said today that This is a prudent financial move on the part of our Owner/Investors – it tremendously strengthens our Companys financial position and provides substantial flexibility to invest in our future. This investment will allow the Company to realize its full growth potential and will maximize the value we can return to our investors. The actual conversion of debt into equity will be accomplished through a Prepackaged bankruptcy filing that will cancel-out the old capital structure and formally establish the new one. Customers, suppliers, and employees will not be affected. Mr. Tomlinson emphasized that, It will be business-as-usual at Holley throughout the restructuring process which we expect to be completed in as few as 45 days.

    James D. Wiggins, the Companys Chief Executive Officer, went on to say that We are very pleased with the transformation that has taken place here at Holley over the last several years. Today Holley is a lean and focused enterprise with strong customer relationships, significant technological capabilities, and diversified revenue sources. We have established a good track record of profitability and growth in enterprise value. This restructuring represents the culmination of tremendous effort on the part of the team at Holley and we are excited to share news of this successful program with you.

    Holley is a leader in the performance engine market, and is used throughout the world in racing, street, marine, and powersports. Holleys family of companies includes the leading brands in the performance market including: Holley, Weiand, Hooker, FlowTech, Earl’s, and NOS.


    So, what does this mean to you, the racer/enthusiast/consumer? It means that Holley will be a much healthier company and able to bring you better products, technology and support. This can now be done because we wont be under the same financial constraints of the last few years.

    Essentially, what has happened is that the original investment group will transfer ownership to the second tier of investors who were a minority owner. As a result, the debt we now owe is significantly less and puts us in a better position for the future.

    This was intentionally structured this way so our vendors, employees and consumers wouldnt be impaired in any way. It will be business as usual; Product will be available as always with no interruption in supply. Race contingency and event sponsorship programs will continue as planned. Technical service support via phone, e-mail and at track is unchanged. All product warranty systems are continuing as normal. New product development is ongoing and we expect to release several exciting new programs throughout the year and at SEMA/PRI.

    Thanks for your time.

    Bill"
     
  4. Arto65FB

    Arto65FB 1st gear

    Holley on ollut aika kovasti velkavivulla kiristetty firma. Ex-omistaja Kohlberg & Co toimi ilmeisesti tyyppillisen private equity fundin tapaan, eli rahoitti Holleyn oston 1998 pääasiassa velalla. Nyt sitten velkojat totesivat, että eiköhän tehdä velkojista omistajia ja Kolhberg&Co sai tyhjän.
     
  5. Holley

    Holley Gearhead

    No kuulkaa kun mä olen kaikkea autoihin ostellut, niin kyllähän siihen rahaa menee ja konkurssi kolkuttaa! Ei kai minun muu auta kuin vaihtaa tunnusta...
     
  6. atteman

    atteman 1st gear

    jaahas :O
     
  7. studio57

    studio57 Gearhead

    Lunatikin oli jo siirtynyt omille urille jo... hmm.... paljon on hyviä tuotteita ja hinnat alhaalla ja kiinan työvoima ja silti näin
     

Kerro tästä muillekin!