Greddy goes Bankrupt
10-Sep-2008, 05:22 PM
#1
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Join Date: Sep 2007
Posts: 147
Greddy goes Bankrupt
http://www.autoblog.com/2008/09/10/j...es-bankruptcy/
sad =(
sad =(
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.
11-Sep-2008, 11:57 AM
#13
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Join Date: Oct 2007
Posts: 242
^He is correct. Demand will spike for what is left thus increasing the pricing accordingly.
The way the automotive industry has been going, this is of no surprise as the market is ever shifting and companies as large as greddy will have huge problems with restructuring in an attempt to accomodate. Expect many more companies to start dropping..
The way the automotive industry has been going, this is of no surprise as the market is ever shifting and companies as large as greddy will have huge problems with restructuring in an attempt to accomodate. Expect many more companies to start dropping..
11-Sep-2008, 02:31 PM
#16
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Join Date: Sep 2007
Posts: 511
i see the prices going up as the support is out there already many forums have people with knowledge of these kits it shouldn't be a problem getting help
and the quality is there i expect it will be rare to get greddy parts soon enough
and the quality is there i expect it will be rare to get greddy parts soon enough
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