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|11th September 2008, 03:54||#1|
Join Date: May 2008
Thanked: 7 Times
Japanese tuning firm Trust/Greddy declares bankruptcy
Sort of inevitable i guess... 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.
Source link:- Japanese tuning firm Trust/Greddy declares bankruptcy - Autoblog
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, this won't be the last time we'll hear about a large tuner going under. :(
|11th September 2008, 13:09||#3|
Join Date: Feb 2004
Thanked: 103,495 Times
Damn that sucks! As a GReddy customer, I can vouch for their quality. Don't think it's due to market conditions, the after-market industry worldwide has tremendous untapped potential. I suspect mismanagement is the key reason here. Word on other forums seems to indicate that this will only lead to restructuring. And, like Apexi, their products will continue.
|12th September 2008, 08:03||#6|
Senior - BHPian
Join Date: Jul 2005
Thanked: 63 Times
Greddy has lately been making some of the flimsiest, cheapest quality kits around at a premium price. Their turbo kits for example are among the worst engineered out there.
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