Wednesday, September 10, 2008

Greddy/Trust: Bankrupt.

Greddy, also known in Japan as Trust Industries is found to be bankrupt. It doesnt make sense to me because they seem to be selling well in the U.S. and Japan, for example their exhausts and turbo charger kits, and they have a D1 Spec S15 driven by Masato Kawabata. Also one of the largest Tuning shops in Japan, RE Amemiya, who specializes in rotary's, mainly Mazdas, are also sponsored by Trust and have been using their products for many years, and their D1 Spec Mazda FD3S RX-7 driven by Masao Suenaga is one of the top 10 drivers. Hopefully this ends up in a positive case, with nothing leading to the company coming to an end. Trust has been around since the mid 1970's, and Greddy came to the picture in the U.S. market in 1994, and during those times were when gross sales were going up, and now it is going down, down to almost $60million debt. Good luck to them, hopefully they get back on their feet and keep the import tuning industry strong, because they played a big roll in bringing it up, especially in the U.S.

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