Japanese Tuning Company Greddy/Trust Files for Bankruptcy
The Japanese tuning firm Trust, known in the U.S. as Greddy, recently filed for bankruptcy in Tokyo District Court. It seems that Trust is approximately $60 million in debt and amassed $43 million in loans after a dreadful decline in sales from February of this year.
The falling sales were brought on by mainly two events. The first was the decrease in demand both in Japan and abroad, and the second was the increase in knock-offs and cheaper components manufactured by the Chinese.
Trust, founded in 1976, and Greddy, started in 1994, employed almost 200 workers and has been providing the world with CARB-legal exhausts to turbo systems. Though the company may try reorganize, with the aftermarket industry down overall and strong competitors elsewhere, it may be the last time the company is ever heard from again.
+ Autoblog: Japanese tuning firm Trust/Greddy declares bankruptcy
Comments
TheStig
That's too bad. Guess all corners of the marketplace are feeling the pinch these days.
Reece - Familienrecht Rechtsanwalt Stuttgart
ohhh! these chinese with thier poor-quality products... they always compete dishonestly against the world... it's so pitty... poor Japanese people, they can't work in another way, they got accostmed to produce high quality products...
international jobs
Everyone is expecting recession getting over soon. I have a very close friend, who graduated from Harvard. Worked for ML for over 8 years, recently he’s been “right sized” too, despite of his outstanding performance and the increasing revenue he generated. OMG, now the banking industry is badly hurt, how long it would take for those financial background guys like him get back to the job market. Banking jobs are not there as much as before as easily seen on http://www.joboutlets.com and other job sites in the region
Lida
Beautiful article! It's just what i needed to understand. Happy Day's Sohbet Sohbet Odaları sohbet Chat sohpet Aşk şiirleri Güzel Sözler özlü sözler Anlamlı Sözler şiirler kurtlar vadisi pusu son bölüm izle kurtlar vadisi pusu son bölüm kurtlar vadisi pusu Dizi izle Program indir Gelinlikler dantel Lida Lida Elektronik Sigara Kilo Aldırıcı iştah açıcı Sohbet Orjinal Lida Lida Lida sesli chat kilo aldırıcı beşikdüzü Sikiş Gelinlik Modelleri Lida Lida Lida Lida Orjinal Lida Kilo Aldırıcı iştah açıcı elektronik sigara Boy Uzatıcı Fx15 Dantel Lahana Kapsülü sesli chat kilo aldırıcı beşikdüzü Sikiş Gelinlik Modelleri Sesli Chat Sesli Sohbet Sesli Sohbet Fx15 Fx15 Fx15 lahana kapsülü lahana kapsülü Lida Lida Sesli Siteler sesli kameralı sohbet kameralı sohbet sesli kameralı sohbet yuda yuda yuda good site