GReddy/Trust declares bankruptcy - The Postgame Pub

Crono139 · 09-10-2008, 05:14 PM

Us car guys will see this as a big shock. I never would have thought that they were doing that bad. But I guess that's what happens when you have mediocre turbo kits, and crappy fuel management systems at ridiculous prices.

AEM takeover?

The market for aftermarket parts from Japan has been declining for well over five years, due in part to decreased demand both at home and abroad and the rising rates of Chinese knock-offs and other inexpensive (and dubiously built) components.

Today, one of the world's largest performance parts companies, known as Trust in Japan and Greddy here in the States, declared bankruptcy. According to various reports, Trust is approximately $60 million in debt and, after reporting a serious decline in sales since February 2008 and amassing $43 million in loan payments, filed for bankruptcy in Tokyo District Court.

Trust has been around since 1976, employs almost 200 workers and had been dealing in everything from CARB-legal exhausts to turbo systems when Greddy Performance Products was founded in the U.S. in 1994. There are several firms that will step up to fill the need of enthusiasts, assuming that Trust doesn't try to reorganize, but with the aftermarket industry down overall, we suspect this won't be the last time we'll hear about a large tuner going under.

http://www.autoblog.com/2008/09/10/j...es-bankruptcy/

**Chubz** · 09-10-2008, 08:07 PM

wow. Aem will prolly be the one to step in

jdmgoldcivic · 09-11-2008, 03:03 AM

That sucks, even though I'm a huge fan of HKS parts

Crono139 · 09-11-2008, 03:04 AM

You would be, Mr. R34.

jdmgoldcivic · 09-11-2008, 03:10 AM

yeah my Skyline should be sponsored by HKS since pretty much every part on the car is HKS.

My Rx8 has a few greddy parts just because HKS didn't make hardly anything.

**Phistar** · 09-11-2008, 03:17 AM

damn, that sucks... i haven't been in the car scene for a while...

**dohcdelsol93** · 09-17-2008, 12:43 PM

IMO Greddy was a good quality product.

I had their Type RS BOV on my sol and the EVOII catback exhaust system.

sucks for the tuner scene

RNPoo7 · 09-17-2008, 01:10 PM

Yeah prices for the those exhausts are probably gonna sky rocket. OMG RARE JDM y0!!

**dohcdelsol93** · 09-17-2008, 01:17 PM

JDM is the new rice

**Wilson_** · 09-17-2008, 01:38 PM

Quote:

Originally Posted by dohcdelsol93

JDM is the new rice

jdm was the new rice like 3 years ago. LOL

RNPoo7 · 09-17-2008, 03:07 PM

Mugen is the new rice!

oceanspraypink · 09-17-2008, 03:33 PM

Do guys ever grow out of wanting to fix up cars????

RNPoo7 · 09-17-2008, 03:35 PM

Quote:

Originally Posted by oceanspraypink

Do guys ever grow out of wanting to fix up cars????

When women stop being bitches, I'll stop enjoy cars as a hobby

09-10-2008, 05:14 PM	#1 (permalink)
Crono139 <3 Hayley <3 Join Date: Jan 2007 Location: NJ Posts: 3,825 vCash: 41529 Donate XBL Gamertag: Crono139 Rep Power: 95 Awards Showcase Total Awards: 2	GReddy/Trust declares bankruptcy Us car guys will see this as a big shock. I never would have thought that they were doing that bad. But I guess that's what happens when you have mediocre turbo kits, and crappy fuel management systems at ridiculous prices. AEM takeover? The market for aftermarket parts from Japan has been declining for well over five years, due in part to decreased demand both at home and abroad and the rising rates of Chinese knock-offs and other inexpensive (and dubiously built) components. Today, one of the world's largest performance parts companies, known as Trust in Japan and Greddy here in the States, declared bankruptcy. According to various reports, Trust is approximately $60 million in debt and, after reporting a serious decline in sales since February 2008 and amassing $43 million in loan payments, filed for bankruptcy in Tokyo District Court. Trust has been around since 1976, employs almost 200 workers and had been dealing in everything from CARB-legal exhausts to turbo systems when Greddy Performance Products was founded in the U.S. in 1994. There are several firms that will step up to fill the need of enthusiasts, assuming that Trust doesn't try to reorganize, but with the aftermarket industry down overall, we suspect this won't be the last time we'll hear about a large tuner going under. http://www.autoblog.com/2008/09/10/j...es-bankruptcy/

09-10-2008, 08:07 PM	#2 (permalink)
Chubz The Human Steamroller Join Date: Mar 2007 Location: Toms River, NJ Posts: 5,706 vCash: 3571 Donate My Blog: The Chubzone XBL Gamertag: xXchubbzillaXx PSN Gamertag: Chubzilla Blog Entries: 3 Rep Power: 100 Awards Showcase Total Awards: 2	Re: GReddy/Trust declares bankruptcy wow. Aem will prolly be the one to step in __________________

09-11-2008, 03:03 AM	#3 (permalink)
jdmgoldcivic OLF OG!!!!! Join Date: Dec 2006 Location: Stuttgart, Germany Posts: 2,825 vCash: 1678 Donate XBL Gamertag: Rob Show 283 Rep Power: 65 Awards Showcase Total Awards: 1	Re: GReddy/Trust declares bankruptcy That sucks, even though I'm a huge fan of HKS parts __________________ 2004 Mazda RX-8 2002 Nissan Skyline R34 GTR V-Spec II Nur SOON TO BE SOLD

09-11-2008, 03:04 AM	#4 (permalink)
Crono139 <3 Hayley <3 Join Date: Jan 2007 Location: NJ Posts: 3,825 vCash: 41529 Donate XBL Gamertag: Crono139 Rep Power: 95 Awards Showcase Total Awards: 2	Re: GReddy/Trust declares bankruptcy You would be, Mr. R34.

09-11-2008, 03:10 AM	#5 (permalink)
jdmgoldcivic OLF OG!!!!! Join Date: Dec 2006 Location: Stuttgart, Germany Posts: 2,825 vCash: 1678 Donate XBL Gamertag: Rob Show 283 Rep Power: 65 Awards Showcase Total Awards: 1	Re: GReddy/Trust declares bankruptcy yeah my Skyline should be sponsored by HKS since pretty much every part on the car is HKS. My Rx8 has a few greddy parts just because HKS didn't make hardly anything. __________________ 2004 Mazda RX-8 2002 Nissan Skyline R34 GTR V-Spec II Nur SOON TO BE SOLD

09-11-2008, 03:17 AM	#6 (permalink)
Phistar Scream My Name! Join Date: Sep 2007 Location: Philadelphia Posts: 5,540 vCash: 102511 Donate PSN Gamertag: phister Rep Power: 127 Awards Showcase Total Awards: 2	Re: GReddy/Trust declares bankruptcy damn, that sucks... i haven't been in the car scene for a while... __________________

09-17-2008, 12:43 PM	#7 (permalink)
dohcdelsol93 Lets keep the OT clean Join Date: Nov 2006 Location: top seceret government location Posts: 5,842 vCash: 13517 Donate Rep Power: 137 Awards Showcase Total Awards: 2	Re: GReddy/Trust declares bankruptcy IMO Greddy was a good quality product. I had their Type RS BOV on my sol and the EVOII catback exhaust system. sucks for the tuner scene __________________ Taco Bell is awsome even if it gives you the shits

09-17-2008, 01:10 PM	#8 (permalink)
RNPoo7 I heart brunettes Join Date: Nov 2006 Location: SC Posts: 2,346 vCash: 8894 Donate Rep Power: 62 Awards Showcase Total Awards: 2	Re: GReddy/Trust declares bankruptcy Yeah prices for the those exhausts are probably gonna sky rocket. OMG RARE JDM y0!! __________________ 06 TSX 95 Del Sol S 00 Integra GS-R

09-17-2008, 01:17 PM	#9 (permalink)
dohcdelsol93 Lets keep the OT clean Join Date: Nov 2006 Location: top seceret government location Posts: 5,842 vCash: 13517 Donate Rep Power: 137 Awards Showcase Total Awards: 2	Re: GReddy/Trust declares bankruptcy JDM is the new rice __________________ Taco Bell is awsome even if it gives you the shits

09-17-2008, 03:07 PM	#11 (permalink)
RNPoo7 I heart brunettes Join Date: Nov 2006 Location: SC Posts: 2,346 vCash: 8894 Donate Rep Power: 62 Awards Showcase Total Awards: 2	Re: GReddy/Trust declares bankruptcy Mugen is the new rice! __________________ 06 TSX 95 Del Sol S 00 Integra GS-R

09-17-2008, 03:33 PM	#12 (permalink)
oceanspraypink fun sized Join Date: Mar 2008 Location: South Carolina Posts: 1,455 vCash: 4022 Donate Rep Power: 39	Re: GReddy/Trust declares bankruptcy Do guys ever grow out of wanting to fix up cars????