High Performance Parts - Greddy/Trust Declare Bankruptcy
September 12, 2008
It’s a dark day for all Japanese rice burner and tuning enthusiast. In a world where the market is seemingly filled by pirated or dubious products claiming to do whatever more established brands can but for much less, our choices have now been limited. The next time you think about upgrading something in your car, you will sadly have to forget about TrusT/Greddy products as they are now officially bankrupt.
Known as Trust in Japan and Greddy everywhere else in the world, the company has sunken into $60million 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 - established in 1976, employs around 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 and introduced into markets worldwide. Without a doubt, there will be several firms that will step up to fill the need of enthusiasts, assuming that Trust doesn’t try to reorganize, but with the Japanese aftermarket industry down overall, we suspect this won’t be the last time we’ll hear about a large tuner going under but let’s all hope we don’t as such news is never welcomed.
how come…???
such a big name..so sad..so sad..
HKS set up different pro shop in a lot of country other than just giving out distributor…
Like N1 Racing in Malaysia, Garage R in Singapore, SHH Pro Shop in Brunei, Top Racing in Hong Kong, all these are HKS tuning pro shop that always keep contact with HKS Japan. They also focus on foreign car like VW Golf GTi, BMW with supercharger. Now they starting to develop Hipermax suspension for foreign car too.
In future, I wonder JUN Auto will getting which company turbo for their tuning? They usually use Trust turbo part for tuning their super lemon engines… Will they shift to using HKS part? Or using some US product? Since their piston is being manufactured by Cosworth Racing.
Next will be? Power Enterprise? TODA Racing?
i agreed with wat natak86 said, earn 4k to buy 5k parts? no way man~
back to those dayz when there are no china made engine performance parts, i used to go all the chop shops to find all the “used” good stuff, but look at now, we can have ZAP intercooler, WORKS engineering, D2 brakes system and all the taiwanese brand who manufactured in China, bla bla bla and so on, all made in China! same chop shop price but it’s new and the quality stil ok lar, not as good as japs stuff la of cos. the point is, all my frens are using ZAP intercooler rather than apexi, trust or hks now, becos it is cheap and boleh pakai mar.
hope that all the japs tuner will switch thier plant to china, so that everyone like me in the world will be very happy.
great….
If e manage defect, where u gonna send back ?…
keramat letrik ?…
it will spell e damage then…
pathetic…
performance part manufacturer power house.but you all can’t blame solely on that.
i don’t see hks& blitz suffer that seriously.it’s all up to their engineering
marvel, r&d and price too.i think some big company will take over trust/greddy
n turn it around.hopefully it will still be the big player in the japanese motorsport
scene.
heheheh…payah la nak claim warranty kalau aper2 jadi…
even my calculator got their sticker……
they make great turbos tho’
=(
visit eric hsu blog
oil price is expensive that people don’t actually have the motivation and mood to mod their car to get more power (ie: to consume more fuel)
the eManage price might go up, might go down, depending on the demand, but Unichip is here to stay, right…? (not that I have any of them)
but the thought of other performance house to follow this bankruptcy trail scares me..
reduce their cost..and reduce their product price..
so..every can buy la…