To borrow a line from the classic Monty Python and the Holy Grail, Crane Cams isn't quite dead yet. The storied aftermarket auto parts company was founded back in 1953 and has since grown into a well-known brand name specializing in camshafts and valvetrain components. While the company did, in fact, recently close its doors and tell all 280 of its employees not to come back the next day, vice president Steve Leva says that Crane plans to reopen after restructuring takes place, which could take as little as a week or as long as a month. Considering the sorry state of affairs that currently plagues the American economy, we'll keep tabs on this story with guarded optimism.

[Source: AutoWeek]