View Single Post
Old Oct 15, 2008 | 10:14 AM
  #30 (permalink)  
ryan_west06's Avatar
ryan_west06
Registered User
 
Joined: Jan 2007
Posts: 1,822
Likes: 0
Default

I still stand by my word! That update is bullshit. 2 months ago there was word that both trust and greddy were doomed. I do think they can rebuild the company but they should seriously looking into priceing on there products. look at metal prices today! they have gone WAY up. Look at the economic inflation, ppl cant afford these products at this price, these days!

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

Last edited by ryan_west06; Oct 15, 2008 at 10:18 AM.
Reply