Japanese tuning firm Trust/Greddy declares bankruptcy

[eujin]

he 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.

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.

Japanese tuning firm Trust/Greddy declares bankruptcy - Autoblog

haih....so sad to c the big guns overshadowed by piracy...

 

[JINEIL2EN]

So, i can try to spare some Trust muffler... hehehehe....

 

[eyong]

Made it on time for GENUINE Greddy inlet manifold, fuel-rail, BOV Type-R enhanced, Y-pipe, strut-bar and intercooler.



Gambateh ... TRUST

 

[BLaCkHoWLiNG]

ah heng trust exos...

 

[satria_95]

Malaysia, 25 September 2008, Petaling Jaya.
BlackHowling T-Chargers will now take over the business for Trust, who has filed for bankruptcy in the Tokyo District Court. According to Mr Black, he says he will repay $43million debt after by end of September 2008, therefore making him the default owner of Trust. He already has plans to manufacture his new tri-blade quad ball bearing turbo charger, which is made of adementum steel. This is the same steel that Wolverine's bones are made of. For more information, you can visit BlackHowling Trust's website at www.Blacktrust.com.my

 

[clanzkiller]

 

[driftkingII]

erk how about Mutiara motors ???

i remembered this year they made some SUper huge deal with Greddy also being an official R&D for Greddy....

 

[drift_devil05]

hm... sad case

 

[ekinomae]

too bad...wonder how the other tuning companies are doing?

 

[AE80TypeD]

inflation is coming. feel the fear. it has always been the era of used parts. this.. is going to be its golden age.

this.. is just.. the beginning.

Trusthowling. Its coming. Only in cinemas 2009. Rated V for VERY FAST. Parental Supervision compulsary.

 

[BLaCkHoWLiNG]

bwahahaha.... funnnyyyyyyyy

 

[JINEIL2EN]

too bad...wonder how the other tuning companies are doing?

HKS hits a new higher sales record...

 

[BLaCkHoWLiNG]

Sometimes marketing strategy is very important. It's determines the future of a company

 

[JINEIL2EN]

just like some not really nice looking girls 'marketing' & 'packaging' & 'promoting' with their sexy clothes & nice shape body... with some perfume, & high voltage eyeing..... huhu...

 

[satria_95]

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.

BlackHowling,
But even with marketing strategy, if people just prefer to buy those chinese knock-off and other inexpensive parts, trust will lose sales too, right? (mentioned above). There are many car mod enthusiasts out there, and I believe in large numbers. Just that some of them don't earn enough to buy good quality parts and hence, make do with cheaper parts. how sad.