• Trust/Greddy declares bankruptcy

Posted: **Wed Sep 10, 2008 4:43 pm**

Japanese tuning 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.

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 here about a large tuner going under.

Posted: **Wed Sep 10, 2008 4:49 pm**

Wait... wat?

Posted: **Wed Sep 10, 2008 4:52 pm**

this is what happens when there are other alternatives that might not be as good flood a market that is very price sensitive.

Posted: **Wed Sep 10, 2008 5:09 pm**

so real greddy/trust stuff is about to be real cheap?

Posted: **Wed Sep 10, 2008 5:34 pm**

it will become rare and hard to find and thus even more expensive................this of course after the big "going out of business" sale. stock up on trust/greddy then sit on it for 3-5yrs.

Posted: **Wed Sep 10, 2008 5:38 pm**

mmmm business.

Posted: **Wed Sep 10, 2008 5:53 pm**

revel wrote:it will become rare and hard to find and thus even more expensive................this of course after the big "going out of business" sale. stock up on trust/greddy then sit on it for 3-5yrs.

anyone want 30 Greddy front stress bars for a Mitsubishi Mirage?

LAWLZ.

Posted: **Wed Sep 10, 2008 7:30 pm**

this is what happens when a company rides work they did 10 years ago. they should have stayed competitive and made new and better things.

Posted: **Wed Sep 10, 2008 8:06 pm**

my shift knob will be worth more now.

Posted: **Wed Sep 10, 2008 8:17 pm**

i blame the commies.

they will make a come back somehow.

Posted: **Wed Sep 10, 2008 8:20 pm**

apexi did for the most part

Posted: **Wed Sep 10, 2008 11:53 pm**

I still want an Apexi turbo timer for my car.
Just because I think they are awesome.

Posted: **Wed Sep 10, 2008 11:54 pm**

i have a apexi one that is for na cars

Posted: **Wed Sep 10, 2008 11:54 pm**

for sale: my intake plenum, boost controller, and oil filter relocation kit. $10,000 obo. thanks.

Posted: **Thu Sep 11, 2008 12:12 am**

matts13 wrote:i have a apexi one that is for na cars

In your car? Or in storage?