Re: Bad news for Holley - again!
The reality is, when was the last time a car was sold with a carburetor? The aftermarket specifically the enthusiast has embraced stand alone FI for years now. I remember the release of Accel DFI at least 20 years ago! When you look at the hot rod events, so many "backyard mechanics" have embraced this technology it was only a matter of time before the carburetor purveyors would start dropping from the market. How many guys can babbit a model T connecting rod? Again a market that has entered the point of "diminishing returns". Most of these companies chase cashflow and "sales for sales sake" (the new accounting?) and forget about profitability. That is a very hazardous business plan in a shrinking market. As Dave said the real pain will be on the backs of the employees, notwithstanding the creditors.
Lets hope they can shed some fat and get back to business ASAP.
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