RIP Trust/Greddy
Sep 10, 2008, 01:57 AM
#1
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RIP Trust/Greddy
I don't know how it'll affect Greddy USA but it seems like Trust/Greddy Japan filed for bankruptcy
Sep 10, 2008, 07:00 AM
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I don't know how it'll affect Greddy USA but it seems like Trust/Greddy Japan filed for bankruptcy
Sep 10, 2008, 08:49 AM
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Trending Topics
Sep 10, 2008, 09:18 AM
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From the couple different Japanese to English online translators I tried (Babelfish and Google) it says Trust is claiming bankruptcy against 65billion yen in debt due to decreased sales due to lack of interest in automobiles by young people.
I'm sure I missed something, should anyone care to elaborate.
I'm sure I missed something, should anyone care to elaborate.
Sep 10, 2008, 10:00 AM
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I can see why, I blame gas prices and local police, gas prices make people not want to drive their cars around, and police because they are cracking down on "street Racers", people dont want to invest more money and get their hood popped by a pig. but also people are just selling their evos and buying more economical cars, I like their parts they make awesome stuff for Nissans and Evos
Last edited by unit_121; Sep 10, 2008 at 10:03 AM.
Sep 10, 2008, 10:12 AM
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Bout time, Greddy stuff is WAAAY overpriced for what it is. Plus US manufacturers (ETS, AMS, Buschur) can make the same or better quality products without the ridiculous lead time while your parts sit in a container at customs.
Sep 10, 2008, 10:16 AM
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I suspect alot of it has to do with the Chinese knock offs on ebay, etc. I really doubt gas prices in the last four or five months killed a multi million dollar company. I suspect it's from a combination of 1) years of downward price pressure in the market due to Chinese knock offs, 2) the company losing touch with it's market and the parts people actually want to buy, 3) years of really crappy economy, which I guess does relate to gas prices, but I'm thinking more of inflation and a general decrease in salaries in the US (and maybe Japan/EU).
