Re: Holley Files bankrupt again
[Re: Chris'sBarracuda]
#482858
09/30/09 04:08 PM
09/30/09 04:08 PM
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Joined: Apr 2007
Posts: 2,028 Trumbull,CT.
jim sciortino
top fuel
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top fuel
Joined: Apr 2007
Posts: 2,028
Trumbull,CT.
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Quote:
Didn't you hear the "assigned" news media say the recession was over and everything was all good?
Chris.
We need you on Yellow Bullet "political" ASAP.
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Re: Holley Files bankrupt again
[Re: jcc]
#482859
09/30/09 04:13 PM
09/30/09 04:13 PM
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Anonymous
Unregistered
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Anonymous
Unregistered
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Guys this is just the "next step" from the LAST time they declared--it is no big deal--the bankruptcy plans have a life and many many steps involved--some guys are trading equity for whatever etc-- It is just some trick to get to the next step etc I heard that Holley had actually put up more $$ in house for certain areas and projects and departments etc--they ain't going anywhere---prices will go up but you can still get Holley stuff---
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Re: Holley Files bankrupt again
[Re: rickstershemi]
#482861
10/01/09 01:34 AM
10/01/09 01:34 AM
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Joined: Nov 2004
Posts: 6,890 North Alabama
Monte_Smith
master
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master
Joined: Nov 2004
Posts: 6,890
North Alabama
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Quote:
Where's Monte on this one....
Rickster
Right here, and as usual seeing that most have no clue about what is really going on. True, we(Holley) filed bankruptcy last year and again this year. But this is NOT a "stick it to the creditors" as somebody posted. This is all about bonds, interest and payments and as mentioned, is a long process. Years ago, when some guy who will remain nameless was the president of Holley and purchased all those other companies, he did not plan for the future at all and assumed that sales would remain at the top. All these type purchases are done with bonds. When sales drop off enough, that you don't have enough capital, to pay the interest on the bond payment, something has to be done. That something is filing for a certain type bankruptcy, which is merely a restructuring of payment schedules and amounts to the bond holders. This allows income to be used to help advance the company, instead of just making bond payments. Holley is doing fine and will be here for years to come. Both Holley and NOS have many new products coming out that will be revealed at SEMA. We are hiring new engineers and it is business as usual. Like my bosss just told me, "we sell millions of dollars worth of parts a month, just not as many millions as in the past". Like I said, Holley is fine and don't look for them to go away anytime soon.
Monte
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Re: Holley Files bankrupt again
[Re: scottb]
#482862
10/01/09 10:39 AM
10/01/09 10:39 AM
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Joined: Mar 2004
Posts: 127 Dahlonega, GA
TechAtBG
member
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member
Joined: Mar 2004
Posts: 127
Dahlonega, GA
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My brother bought a brand new speed demon a few yr before his car was done once the car was done installed the carb brand new out of the box .That thing was so rich we changed power valves played with the air bleeds carb is still way fat and pops and misses all the way down the track install a used holly car runs great .I told him to call Barry Grant they said we cannot help you carbs to old nice custmore service .Barry grant will never get a dime from me and I tell everybody about that piece of $hit carb.Remember 1 bad custmore will tell 100 people 1 good custmore might tell 2 you need to make it right with him over $500.00 for that piece of $hit
have him send it in along with a copy of this thread and a not about the combination it is for and exactly what it was doing and we will take a look at it.
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Re: Holley Files bankrupt again
[Re: Monte_Smith]
#482863
10/01/09 10:39 AM
10/01/09 10:39 AM
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Joined: Jan 2003
Posts: 31,203 Oregon
AndyF
I Win
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I Win
Joined: Jan 2003
Posts: 31,203
Oregon
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I don't know anything about Holley's finances but I do know that last year I worked with a great guy at Holley to get some carbs for a book and magazine project. This year that guy is gone and when I call the Holley phone number all I get is voice mail hell. There doesn't appear to be anyone there to answer the phone. (maybe I should give BG a second chance?)
Last edited by AndyF; 10/01/09 10:40 AM.
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Re: Holley Files bankrupt again
[Re: AndyF]
#482865
10/01/09 11:40 AM
10/01/09 11:40 AM
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Joined: Mar 2006
Posts: 9,910 Eighty Four, PA
B G Racing
master
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master
Joined: Mar 2006
Posts: 9,910
Eighty Four, PA
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Don't know much about Holley's situation but recently I decided to give Barry Grant another chance and it backfired on me.Having used BG's stuff for many years with great success about 6 years ago we had a rash of regulator issues,from missing parts to schrapnal,then came the crap in the carbs,followed buy a match set of flowed carbs for a blower application(nice paper work) but carbs were not even close,not even jetting,followed up by a BG400 that almost cost me my Hemi race car.It's still setting on the shelf as a reminder.At the Mopar Nat's I needed a new pump and bought a BG220 put it on and it peeed all over,got a second 220 to replace it and it did the same.I respect Barry Grant and what he has done for racing and his techonology is second to none but at this point my confidence level is quite low.On a positive note I have used his carbs on quite a few builds with great success after giving them my own"BG Treatment" or "BGR Treatment"Hopefully his product will regain my confidence in future,the man,Barry Grant will always have my respect.
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Re: Holley Files bankrupt again
[Re: AndyF]
#482867
10/01/09 12:10 PM
10/01/09 12:10 PM
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Joined: Nov 2004
Posts: 6,890 North Alabama
Monte_Smith
master
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master
Joined: Nov 2004
Posts: 6,890
North Alabama
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Quote:
I don't know anything about Holley's finances but I do know that last year I worked with a great guy at Holley to get some carbs for a book and magazine project. This year that guy is gone and when I call the Holley phone number all I get is voice mail hell. There doesn't appear to be anyone there to answer the phone. (maybe I should give BG a second chance?)
There were layoffs last year and a lot of people were let go. In the future Andy, if you need something like this, let me know and I can get the direct line to the guy you need to talk with. The guy that handles this sort of thing is my boss.
Monte
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Re: Holley Files bankrupt again
[Re: 1Fast340]
#482868
10/01/09 12:12 PM
10/01/09 12:12 PM
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Joined: Feb 2003
Posts: 12,675 Columbia, CT
moper
I Live Here
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I Live Here
Joined: Feb 2003
Posts: 12,675
Columbia, CT
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It's typical in restructuring debt to have filings like this. I dont believe it' sall rosie.. somethign tells me the perforamnce side of Holley might be ok but any suppliers of the big 3 are hurting as a result of the pleasure of dealing with them. They mention the Caterpillar deal falling through... I can also tell you, NO company, when it's having issues, will tell it's employees the full truth. Not one. So I wouldnt doubt everything Monte says is fact as he knows it.
As for BG... It will take time before I try again. Of the 4 or so cars that ran them that I had to debugg.. They all had issues from "hanging chads" left from the small hole dirlling in the metering blocks to the obigatory stuff in the bowls. The last one was last year. Took it out of the plastic myself and opened it up. I got a bunch of glitter on my finger. Small bits, almost dust particales but a film of them. Cleaned both bowls out, checked for "chads" and proceeded to run it and it was fine. I do not consider them ready to run out of the box. I applaud your efforts but how about just giving everything a bath after machining? I know chemicals are hard to make use of, but seems like basic washing witha high volume of solution rather than the vibratory cleaning might work better. What I found was residue. Not machining chunks in the bowl.
Well, art is art, isn't it? Still, on the other hand, water is water! And east is east and west is west and if you take cranberries and stew them like applesauce they taste much more like prunes than rhubarb does. Now, uh... Now you tell me what you know.
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Re: Holley Files bankrupt again
[Re: Monte_Smith]
#482870
10/01/09 02:06 PM
10/01/09 02:06 PM
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Joined: Jul 2006
Posts: 9,366 Lehigh Acres, Florida
rickstershemi
master
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master
Joined: Jul 2006
Posts: 9,366
Lehigh Acres, Florida
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Quote:
Quote:
Where's Monte on this one....
Rickster
Right here, and as usual seeing that most have no clue about what is really going on. True, we(Holley) filed bankruptcy last year and again this year. But this is NOT a "stick it to the creditors" as somebody posted. This is all about bonds, interest and payments and as mentioned, is a long process. Years ago, when some guy who will remain nameless was the president of Holley and purchased all those other companies, he did not plan for the future at all and assumed that sales would remain at the top. All these type purchases are done with bonds. When sales drop off enough, that you don't have enough capital, to pay the interest on the bond payment, something has to be done. That something is filing for a certain type bankruptcy, which is merely a restructuring of payment schedules and amounts to the bond holders. This allows income to be used to help advance the company, instead of just making bond payments. Holley is doing fine and will be here for years to come. Both Holley and NOS have many new products coming out that will be revealed at SEMA. We are hiring new engineers and it is business as usual. Like my bosss just told me, "we sell millions of dollars worth of parts a month, just not as many millions as in the past". Like I said, Holley is fine and don't look for them to go away anytime soon.
Monte
Figured a call-out was in order to put the rumors and speculation to bed....
Rickster
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Re: Holley Files bankrupt again
[Re: moper]
#482871
10/01/09 04:18 PM
10/01/09 04:18 PM
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Joined: Mar 2004
Posts: 127 Dahlonega, GA
TechAtBG
member
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member
Joined: Mar 2004
Posts: 127
Dahlonega, GA
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Quote:
It's typical in restructuring debt to have filings like this. I dont believe it' sall rosie.. somethign tells me the perforamnce side of Holley might be ok but any suppliers of the big 3 are hurting as a result of the pleasure of dealing with them. They mention the Caterpillar deal falling through... I can also tell you, NO company, when it's having issues, will tell it's employees the full truth. Not one. So I wouldnt doubt everything Monte says is fact as he knows it.
As for BG... It will take time before I try again. Of the 4 or so cars that ran them that I had to debugg.. They all had issues from "hanging chads" left from the small hole dirlling in the metering blocks to the obigatory stuff in the bowls. The last one was last year. Took it out of the plastic myself and opened it up. I got a bunch of glitter on my finger. Small bits, almost dust particales but a film of them. Cleaned both bowls out, checked for "chads" and proceeded to run it and it was fine. I do not consider them ready to run out of the box. I applaud your efforts but how about just giving everything a bath after machining? I know chemicals are hard to make use of, but seems like basic washing witha high volume of solution rather than the vibratory cleaning might work better. What I found was residue. Not machining chunks in the bowl.
On the one you bought last year did you find any "chad" or was it just the "glitter" Was it gold or silver? The parts are all washed after each process but when I see any "glitter" it is typically gold and from the dye used on the main body and has no affect whatsoever on performance. Keep in mind that all of the carburetors are flow tested and during this process is where the small amount of dye glitter comes from. I personally take quite a few apart though and very rarely find chads anymore but we are looking at some new media that may totally eliminate that issue as well.
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Re: Holley Files bankrupt again
[Re: B G Racing]
#482872
10/01/09 04:25 PM
10/01/09 04:25 PM
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Joined: Mar 2004
Posts: 127 Dahlonega, GA
TechAtBG
member
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member
Joined: Mar 2004
Posts: 127
Dahlonega, GA
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Quote:
Don't know much about Holley's situation but recently I decided to give Barry Grant another chance and it backfired on me.Having used BG's stuff for many years with great success about 6 years ago we had a rash of regulator issues,from missing parts to schrapnal,then came the crap in the carbs,followed buy a match set of flowed carbs for a blower application(nice paper work) but carbs were not even close,not even jetting,followed up by a BG400 that almost cost me my Hemi race car.It's still setting on the shelf as a reminder.At the Mopar Nat's I needed a new pump and bought a BG220 put it on and it peeed all over,got a second 220 to replace it and it did the same.I respect Barry Grant and what he has done for racing and his techonology is second to none but at this point my confidence level is quite low.On a positive note I have used his carbs on quite a few builds with great success after giving them my own"BG Treatment" or "BGR Treatment"Hopefully his product will regain my confidence in future,the man,Barry Grant will always have my respect.
Do you still have the 220 pumps? If so we need to get them corrected for you since it should have been a warranty issue and you can send them in along with a copy of this thread to the attention of the tech department.
How long has it been since you last tried our carbs and had to go into them?
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Re: Holley Files bankrupt again
[Re: TechAtBG]
#482873
10/01/09 06:35 PM
10/01/09 06:35 PM
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Joined: Mar 2006
Posts: 9,910 Eighty Four, PA
B G Racing
master
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master
Joined: Mar 2006
Posts: 9,910
Eighty Four, PA
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Quote:
Quote:
Don't know much about Holley's situation but recently I decided to give Barry Grant another chance and it backfired on me.Having used BG's stuff for many years with great success about 6 years ago we had a rash of regulator issues,from missing parts to schrapnal,then came the crap in the carbs,followed buy a match set of flowed carbs for a blower application(nice paper work) but carbs were not even close,not even jetting,followed up by a BG400 that almost cost me my Hemi race car.It's still setting on the shelf as a reminder.At the Mopar Nat's I needed a new pump and bought a BG220 put it on and it peeed all over,got a second 220 to replace it and it did the same.I respect Barry Grant and what he has done for racing and his techonology is second to none but at this point my confidence level is quite low.On a positive note I have used his carbs on quite a few builds with great success after giving them my own"BG Treatment" or "BGR Treatment"Hopefully his product will regain my confidence in future,the man,Barry Grant will always have my respect.
Do you still have the 220 pumps? If so we need to get them corrected for you since it should have been a warranty issue and you can send them in along with a copy of this thread to the attention of the tech department.
How long has it been since you last tried our carbs and had to go into them?
It has been 4 years since I have tried any BG stuff,the 220 were this year about a month ago.My supplier told me to send them to BG for warranty but recalling a warranty issue from 4 years ago I told him he could deal with it since the last warranty job that was done through a BG dealer cost me the same as a new 400 pump would have cost and the didn't fix the pump.It was returned in the same condition that almost cost me my Race car.That's the one one the shelf that is in plain sight to remind me. After being snake bit a few times,I'am very careful.Also I delt with Barry himself on a 1100 CFM dominator years ago that he said would be my ticket on my Hemi.At the time it was $1200 and the agreement was that if it didn't do what he said I would get 100% of my money back.Well,I went for it and loss 2tenths on my car,loaned to another racer with a 500" wedge and he lost over 2tenths,and tried it yet on another wedge with the same results.Needless to say he got his carb and I got my money back.My stock Holly 1250 dominator with my tweaking is a 1/2 second faster that is on the car now.Don't take this as bashing BG at all it's the plain and simple race experience from the real world.As I have said before I have great respect for Barry and his products and techonology and think he is an awsome person to have overcome so much and yet keeps on developing race engineered parts,his quality control and some of his workers need to be as deligent as Barry
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Re: Holley Files bankrupt again
[Re: B G Racing]
#482874
10/01/09 06:51 PM
10/01/09 06:51 PM
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Joined: Jan 2003
Posts: 4,334 Morrow, OH
markz528
master
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master
Joined: Jan 2003
Posts: 4,334
Morrow, OH
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Quote:
Quote:
Quote:
Don't know much about Holley's situation but recently I decided to give Barry Grant another chance and it backfired on me.Having used BG's stuff for many years with great success about 6 years ago we had a rash of regulator issues,from missing parts to schrapnal,then came the crap in the carbs,followed buy a match set of flowed carbs for a blower application(nice paper work) but carbs were not even close,not even jetting,followed up by a BG400 that almost cost me my Hemi race car.It's still setting on the shelf as a reminder.At the Mopar Nat's I needed a new pump and bought a BG220 put it on and it peeed all over,got a second 220 to replace it and it did the same.I respect Barry Grant and what he has done for racing and his techonology is second to none but at this point my confidence level is quite low.On a positive note I have used his carbs on quite a few builds with great success after giving them my own"BG Treatment" or "BGR Treatment"Hopefully his product will regain my confidence in future,the man,Barry Grant will always have my respect.
Do you still have the 220 pumps? If so we need to get them corrected for you since it should have been a warranty issue and you can send them in along with a copy of this thread to the attention of the tech department.
How long has it been since you last tried our carbs and had to go into them?
It has been 4 years since I have tried any BG stuff,the 220 were this year about a month ago.My supplier told me to send them to BG for warranty but recalling a warranty issue from 4 years ago I told him he could deal with it since the last warranty job that was done through a BG dealer cost me the same as a new 400 pump would have cost and the didn't fix the pump.It was returned in the same condition that almost cost me my Race car.That's the one one the shelf that is in plain sight to remind me. After being snake bit a few times,I'am very careful.Also I delt with Barry himself on a 1100 CFM dominator years ago that he said would be my ticket on my Hemi.At the time it was $1200 and the agreement was that if it didn't do what he said I would get 100% of my money back.Well,I went for it and loss 2tenths on my car,loaned to another racer with a 500" wedge and he lost over 2tenths,and tried it yet on another wedge with the same results.Needless to say he got his carb and I got my money back.My stock Holly 1250 dominator with my tweaking is a 1/2 second faster that is on the car now.Don't take this as bashing BG at all it's the plain and simple race experience from the real world.As I have said before I have great respect for Barry and his products and techonology and think he is an awsome person to have overcome so much and yet keeps on developing race engineered parts,his quality control and some of his workers need to be as deligent as Barry
I don't want this to turn into a BG bashing, but I have to say that my BG280 worked well for a year until I had the car on a chassis dyno. Second run it started spewing fuel.
They fixed it, and it started cavitating. Fixed it again and the whole system went into resonance with fuel spitting instead of flowing in the range my car ran (was fine at full flow). Resonance wiped out several gauges. They couldn't fix it so they sent me a new pump and it did the same. Finally they gave me a BG400 and it has worked well, but it cost me a fortune in all new braided lines.
Also the regulator was incorrectly assembled at BG.
Have to say the customer service was outstanding, but it cost me a lot of money.
I hope for the best for Holley. I think they are a good and very important supplier for our racing industry. Plus they have Monte!
67 Coronet 500 9.610 @ 139.20 mph 67 Coronet 500 (street car) 14.82 @ 94 mph 69 GTX (clone) - build in progress......
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