Greddy goes bankrupt

Huzer21 · Postby **Huzer21** » Wed Sep 10, 2008 9:14

http://www.autoblog.com/2008/09/10/japanes...res-bankruptcy/

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 here about a large tuner going under.

Rich · Postby **Rich** » Wed Sep 10, 2008 9:14

I just heard the wail of a 100,000 ricers crying in agony!

j/k :P

Huzer21 · Postby **Huzer21** » Wed Sep 10, 2008 9:14

<div class='quotetop'>QUOTE (Rich @ Sep 10 2008, 02:29 PM) [url=index.php?act=findpost&pid=62718]<{POST_SNAPBACK}>[/url]</div>

I just heard the wail of a 100,000 ricers crying in agony!

j/k :P[/b]

Haha! I just wonder who's next...

Buffalo · Postby **Buffalo** » Wed Sep 10, 2008 9:14

<div class='quotetop'>QUOTE (Huzer21 @ Sep 10 2008, 02:46 PM) [url=index.php?act=findpost&pid=62719]<{POST_SNAPBACK}>[/url]</div>

Haha! I just wonder who's next...[/b]

Mugan???

rx8ghost · Postby **rx8ghost** » Wed Sep 10, 2008 9:14

Mugen? They're backed by Honda so I don't see that happening anytime soon.

tsx_guy · Postby **tsx_guy** » Wed Sep 10, 2008 9:14

I used to have a greddy exhaust on my civic...

So is APC next?

and Rich...as always, I love your avatar!!!!

tbot · Postby **tbot** » Wed Sep 10, 2008 9:14

I'm sorry what was this topic about?

I was distracted by someone's avatar....

Buffalo · Postby **Buffalo** » Wed Sep 10, 2008 9:14

Got to love Rich!

Rich · Postby **Rich** » Wed Sep 10, 2008 9:14

I fuggin LOVE my avatar. Right-click, View Image FTMFW.

tsx_guy · Postby **tsx_guy** » Wed Sep 10, 2008 9:14

<div class='quotetop'>QUOTE (Rich @ Sep 10 2008, 06:25 PM) [url=index.php?act=findpost&pid=62741]<{POST_SNAPBACK}>[/url]</div>

I fuggin LOVE my avatar. Right-click, View Image FTMFW.[/b]

can't ...NSFW...

ah Greddy we hardly knew thee.

GR-8 · Postby **GR-8** » Wed Sep 10, 2008 9:14

Glad I never bought anything greddy. Mebe it's just that their kits don't work right. I guess. Heard nothing but bad about their TT setup for the Z and you all know my feelings about the kit for the 8.

MazdaTom · Postby **MazdaTom** » Thu Sep 11, 2008 9:14

The sandwich plate adapter thingy on my car to hook up the oil pressure/temp gauges is from Greddy. Other than that, I've never bought anything from them.

RedRoadster · Postby **RedRoadster** » Thu Sep 11, 2008 9:14

From what I remember on Miata.net, they made a 1.6 kit, but never a 1.8 kit, and those with the 1.6 kit ended up yanking everything but the turbo itself over time.

SpeedRacer · Postby **SpeedRacer** » Tue Sep 23, 2008 9:14

Oh well Greddy goes bye bye

Greddy goes bankrupt

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