Japanese tuning firm Trust/Greddy declares bankruptcy

Amien · 11th September 2008, 03:54

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. :(

HPP · 11th September 2008, 11:16

Yup, as did Apexi earlier this year.

GTO · 11th September 2008, 13:09

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.

kutlee · 11th September 2008, 14:22

Ohh.. in Greddy i TRUST.
hope they restructure or bought by another company and continue make quality stuff at affordable price.

kuttapan · 12th September 2008, 05:42

I never knew Greddy was Japanese ! Seen these stickers on the doors of cars in and around bangalore, always thought it was a telugu company !

ananthkamath · 12th September 2008, 08:03

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.

11th September 2008, 03:54	#1
Amien BHPian Join Date: May 2008 Location: Mumbai Posts: 253 Thanked: 322 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. :(
	() Thanks

11th September 2008, 11:16	#2
HPP BHPian Join Date: Mar 2008 Location: Minneapolis, MN/Hyderabad Posts: 234 Thanked: 4 Times	Yup, as did Apexi earlier this year.
	() Thanks

11th September 2008, 13:09	#3
GTO Team-BHP Support Join Date: Feb 2004 Location: Bombay Posts: 70,546 Thanked: 300,786 Times View My Garage	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.
	() Thanks

11th September 2008, 14:22	#4
kutlee Senior - BHPian Join Date: Jul 2005 Location: Hyderabad Posts: 1,141 Thanked: 232 Times View My Garage	Ohh.. in Greddy i TRUST. hope they restructure or bought by another company and continue make quality stuff at affordable price.
	() Thanks

12th September 2008, 05:42	#5
kuttapan Senior - BHPian Join Date: May 2007 Location: Melbourne Posts: 1,155 Thanked: 22 Times View My Garage	I never knew Greddy was Japanese ! Seen these stickers on the doors of cars in and around bangalore, always thought it was a telugu company !
	() Thanks

12th September 2008, 08:03	#6
ananthkamath Senior - BHPian Join Date: Jul 2005 Location: Mangalore Posts: 1,209 Thanked: 80 Times View My Garage	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.
	() Thanks