Trust/Greddy File for Bankruptcy

[Low_VX_Taxi]

Best to get in quick if your in the market for a T88 Turbo as Teikoku databankas, Japan’s largest credit research company, yesterday announced that Japanese tuning firm Trust has just filed for bankruptcy in Tokyo’s District Court.

Known as GReddy in the states, Trust is reportedly USD$60 million in debt and has opted to shut down operations in the face of declining sales and increased costs.

It was not looking good back in February of this year when Trust reported a drop in annual sales of USD$53 million while in the process amassing USD$43 million in loan repayments. Things did not improve and Trust has been forced to call it quits.

Founded in 1976 and employing close to 200 workers, Trust has produced a range of performance components, including exhausts, turbos, cooling systems, and electronics for some of the hottest cars in Japan and America.

Trust’s US presence, GReddy, was established in 1994 to avoid trademark issues and made solid contributions to Trust’s bottom line with 1998 sales figures topping USD$80 million. Since then, sales have seen continual decline to a point where the burden to continue operations is now too great.

With Apexi, Buddy Club, and Bomex having all experienced similar difficulties in the last year or two, it’s evident that increasing pressure from cheaper imitations - and a volatile global economy - are having a substantial effect on sellers of high-end niche products.

If you don’t want to see your favourite tuner disappear, pass up on that cheap eBay turbo and get the real deal instead. For Trust/GReddy though, it might be too late.

Video killed the radio star and Ebay killed the performance shop...

[TheyDontWantMusic]

Video killed the radio star and Ebay killed the performance shop...

... I bought GReddy off ebay!

Ebay helped them!

[pow3rslave]

if they could only have held out for fast and the furious 4, they could have made a killing again.

[naf33n]

... I bought GReddy off ebay!

Ebay helped them!

so you think, you bout something from a industrious little chinamen with a greddy sticker over the top, LOL



i kinda feel bad now, my favorite sticker is a greddy one that i bought from the markets,

should of paid extra and got a real one, might of helped there 60 mill debt

[hakhawk]

might be my chance to get a cheap greddy damper controller kit!!

but yeh, sad to see. i chose a local supplier over ebay for the garrett i ordered yesterday.

[TheyDontWantMusic]

so you think, you bout something from a industrious little chinamen with a greddy sticker over the top, LOL



i kinda feel bad now, my favorite sticker is a greddy one that i bought from the markets,

should of paid extra and got a real one, might of helped there 60 mill debt

no, I bought genuine GReddy.

[Astranomical]

Trust/GReddy make things other than stickers? :lol:

[naf33n]

no, I bought genuine GReddy.

settle down it was just a joke

[Low_VX_Taxi]

... I bought GReddy off ebay!

Ebay helped them!

Was it new? And please reread the first post:

it’s evident that increasing pressure from cheaper imitations - and a volatile global economy - are having a substantial effect on sellers of high-end niche products.

If you don’t want to see your favourite tuner disappear, pass up on that cheap eBay turbo and get the real deal instead. For Trust/GReddy though, it might be too late.

Its actually a shame they made some potent performance parts, for the price their intercooler kits were great.... and the T88 is still regarded highly for its potential power output...even though its a little rediculous for standard cars (would take like an hour to spool on a 1.8ltr engine....)....

And yes they did make things aside from awesome "shopping list" stickers

Though with the amount of riced up lancers one sees with their stickers you think they would be doing quite well

[naf33n]

what riced up lancers with GReddy stickers?????, no way, never seen one of them before




oh well, least it aint a shoppin list

[Low_VX_Taxi]

what riced up lancers with GReddy stickers?????, no way, never seen one of them before

oh well, least it aint a shoppin list

At least it didn't have a 7ft wing and barbie pink paint (whilst being driven by a male)....

Thats fairly nice...not really "rice" especially after being down the rocks in sydney on a Friday night.... more rice than I could handle

[Grennan]

I dunno i would class twin cannons on a lancer pretty ricey.