Mustang Boards

Mustang Boards (/)
-   The Lounge (https://mustangboards.com/lounge/)
-   -   GReddy/Trust files for bankruptcy (https://mustangboards.com/lounge/32437-greddy-trust-files-bankruptcy.html)

PColav6 09-11-2008 03:15 PM

GReddy/Trust files for bankruptcy
 
http://www.autoblog.com/2008/09/10/j...es-bankruptcy/

Well that takes a nice chunk out of the high performance part of import tuner shit. Maybe they will die down. lol


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.
That probably happened because most import types buy the cheap knockoff shit and skimp out on the high quality stuff.

Lazerred6 09-11-2008 03:19 PM

awwwwwww no more purple BOVs to bad:D

00blkstanggt 09-11-2008 03:34 PM

Too bad for them. GReddy actually made quality stuff.

Dave04Mustang 09-11-2008 06:53 PM

as long as there's still the walmart spinners and underglow rice will never die :shakeno:


All times are GMT -7. The time now is 05:59 AM.


© 2024 MH Sub I, LLC dba Internet Brands