More of whats to come in the car industry ?
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The market for aftermarket parts from Japan has been declining for well over five years, due in part to decreased demand both at home and abroad and the rising rates of Chinese knock-offs and other inexpensive (and dubiously built) components.

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.

Trust has been around since 1976, employs almost 200 workers and had been dealing in everything from CARB-legal exhausts to turbo systems when Greddy Performance Products was founded in the U.S. in 1994. There are several firms that will step up to fill the need of enthusiasts, assuming that Trust doesn’t try to reorganize, but with the aftermarket industry down overall, we suspect this won’t be the last time we’ll hear about a large tuner going under.

Apexi went bankrupt a few years ago but where bought again.

Heard that the ford transit plant near southampton are halving their output!!

And bently are going under, (much to the delight of people here at rolls royce!), after declaring that they will be cutting manufacturing to only 3 days a WEEK :o

We can only watch and see what happens. Im too young to have seen any recessions, however now being a home owner i have to think smarter not harder. Every penny counts, the tangerine machines progress has ground to a slow pace, luckily i dont have that many things to purchase! But my next project will take me ages.

Edited by MikeRace on 17th Sep, 2008.

1/4 Mile 14.3secs 96Mph Terminal 10psi of boost.


Fibreglass Parts? - http://www.tdkracing.co.uk/
Split Rims? - http://www.force-racing.co.uk/

wouldnt have thought that would happen loads of people use greddy parts and trust. i wonder who will be next? make me wonder what Holly and elbroc did to stay alive for so long with the muscal car stuff.

Drives
-Ford S-max Mk2 Ecoboost
-Rover 100 VVC #2 - track project

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