GReddy/Trust files for bankruptcy
#1
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 ****. Maybe they will die down. lol
That probably happened because most import types buy the cheap knockoff **** and skimp out on the high quality stuff.
Well that takes a nice chunk out of the high performance part of import tuner ****. 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.
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