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Thread: Japanese tuner firm Trust/Greddy declares bankruptcy.

  1. 09-10-2008, 04:00 PM #1
    Sport1.3
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    Default Japanese tuner firm Trust/Greddy declares 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.


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




    repost?
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  2. 09-10-2008, 04:02 PM #2
    SixSquared
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    Damn... American crap economy = no money for baller JDM = no more baller JDM.


    Fuck stance. Stance is for kids in skinny jeans with Justin Beiber haircuts. You don't need stance when you got swagger.
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  3. 09-10-2008, 04:02 PM #3
    Wurm
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    damn that sucks
    "I remember the first time I had sex – I kept the receipt."
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  4. 09-10-2008, 04:03 PM #4
    EJ25RUN
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    Quote Originally Posted by Sport1.3

    repost?
    no no no ....no one else.
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  5. 09-10-2008, 04:12 PM #5
    Sport1.3
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    Quote Originally Posted by EJ25RUN
    no no no ....no one else.

    yeah i just read it....i'm pretty slow when it comes to automotive aftermarket news
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  6. 09-10-2008, 04:13 PM #6
    eViLMunkey
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    Damn that sucks...


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  7. 09-10-2008, 05:16 PM #7
    Bruce Leroy
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    Default

    no more emanage crap!!!
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  8. 09-10-2008, 05:22 PM #8
    Alan®
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    that blows
    Quote Originally Posted by Alan®
    Nah not even. theres not enough alcohol on the planet that would convince me to bang that chick.I wouldn't hit that with Magic Johnson's dick.....on second thought
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  9. 09-10-2008, 05:25 PM #9
    Elbow
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    Quote Originally Posted by xPhantomSilviax
    Damn... American crap economy = no money for baller JDM = no more baller JDM.

    Greddy is far from baller JDM
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  10. 09-10-2008, 06:10 PM #10
    alpine_aw11
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    Yea, Greddy is like standard JDM. That really sucks though, one of the great "tuner" companies is gone due to the ****ing Chinese and their nonexistant business ethics.
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  11. 09-10-2008, 06:13 PM #11
    EJ25RUN
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    Quote Originally Posted by alpine_xj
    ****ing Chinese and their nonexistant business ethics.
    So damn true. At least their cars still can't lie to us.

    Chinese car Brilliance said they don't feel this \/ will hurt sales in Europe.
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  12. 09-10-2008, 07:02 PM #12
    osnap
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    well that sucks.
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  13. 09-10-2008, 10:34 PM #13
    1SICKLEX
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    GOt damn knock-off buying people are killing good companies.
    Vossen CV3 20x9 & 20x10.5
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