# Trust/Greddy Declares bankruptcy
**URL:** https://forums.speedlife.net/t/trust-greddy-declares-bankruptcy/54691
**Category:** NYSpeed Off Topic
**Created:** [September 10, 2008, 1:21pm UTC](https://forums.speedlife.net/t/trust-greddy-declares-bankruptcy/54691 "2008-09-10T13:21:08Z")
**Posts on this page:** 20
**Page:** 1
### Author:  [@Viper966](https://forums.speedlife.net/u/Viper966)
#### Post date: [September 10, 2008, 1:21pm UTC](https://forums.speedlife.net/t/trust-greddy-declares-bankruptcy/54691/1 "2008-09-10T13:21:08Z")
[http://www.gtchannel.com/content.php?cid=30955](http://www.gtchannel.com/content.php?cid=30955)
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](http://www.trust-power.com/overseas/index.html) 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 here about a large tuner going under.
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### Author:  [@JayS](https://forums.speedlife.net/u/JayS)
#### Post date: [September 10, 2008, 1:22pm UTC](https://forums.speedlife.net/t/trust-greddy-declares-bankruptcy/54691/2 "2008-09-10T13:22:51Z")
I’m so not a ricer when I saw the thread title I was worried they were a bank or investment firm. 🙂
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### Author:  [@MOBOOST4U](https://forums.speedlife.net/u/MOBOOST4U)
#### Post date: [September 10, 2008, 1:27pm UTC](https://forums.speedlife.net/t/trust-greddy-declares-bankruptcy/54691/3 "2008-09-10T13:27:01Z")
Crappy news…
I have never bought or owned a GReddy part but they sure do cover a lot of makes and models. This is pretty shocking.
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### Author:  [@BluBalls](https://forums.speedlife.net/u/BluBalls)
#### Post date: [September 10, 2008, 1:27pm UTC](https://forums.speedlife.net/t/trust-greddy-declares-bankruptcy/54691/4 "2008-09-10T13:27:04Z")
I have a greddy exhaust, I doubt they make one for my next car anyway 🙂
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### Author:  [@micah](https://forums.speedlife.net/u/micah)
#### Post date: [September 10, 2008, 1:29pm UTC](https://forums.speedlife.net/t/trust-greddy-declares-bankruptcy/54691/5 "2008-09-10T13:29:19Z")
i have a trust shift knob o YAY
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### Author:  [@BluBalls](https://forums.speedlife.net/u/BluBalls)
#### Post date: [September 10, 2008, 1:33pm UTC](https://forums.speedlife.net/t/trust-greddy-declares-bankruptcy/54691/6 "2008-09-10T13:33:48Z")
y0, the value on eBay is going to go through the r00f!
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### Author:  [@bing](https://forums.speedlife.net/u/bing)
#### Post date: [September 10, 2008, 1:38pm UTC](https://forums.speedlife.net/t/trust-greddy-declares-bankruptcy/54691/7 "2008-09-10T13:38:44Z")
makes perfect sense to me.
i wrote a long article a few years ago about how fucking stupid some of their product decisions were. They deserve their poor financial performance.
i own some greddy stuff and it’s good gear. I’ve taken tens of thousands of revenue dollars away from them too and i’m pretty happy to do so.
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### Author:  [@Joe](https://forums.speedlife.net/u/Joe)
#### Post date: [September 10, 2008, 1:39pm UTC](https://forums.speedlife.net/t/trust-greddy-declares-bankruptcy/54691/8 "2008-09-10T13:39:24Z")
Is Toda’s cat OK?
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### Author:  [@BluBalls](https://forums.speedlife.net/u/BluBalls)
#### Post date: [September 10, 2008, 1:42pm UTC](https://forums.speedlife.net/t/trust-greddy-declares-bankruptcy/54691/9 "2008-09-10T13:42:57Z")
good memory
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### Author:  [@Viper966](https://forums.speedlife.net/u/Viper966)
#### Post date: [September 10, 2008, 1:47pm UTC](https://forums.speedlife.net/t/trust-greddy-declares-bankruptcy/54691/10 "2008-09-10T13:47:12Z")
> [@bing](#):
>
> makes perfect sense to me.
>
> i wrote a long article a few years ago about how fucking stupid some of their product decisions were. They deserve their poor financial performance.
>
> i own some greddy stuff and it’s good gear. I’ve taken tens of thousands of revenue dollars away from them too and i’m pretty happy to do so.
which product decisions? im curious
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### Author:  [@orzech](https://forums.speedlife.net/u/orzech)
#### Post date: [September 10, 2008, 3:20pm UTC](https://forums.speedlife.net/t/trust-greddy-declares-bankruptcy/54691/11 "2008-09-10T15:20:01Z")
i always thought greddy was over priced and a lot of their products are garbage.
ex/ type rs BOV (stopping the type S was a mistake) and their intercooler kit for 2g’s dsm’s with 50 ft of intercooler piping (long route/bad design). Idk never really thought their products were worth the money. it was all about the name.
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### Author:  [@Karter](https://forums.speedlife.net/u/Karter)
#### Post date: [September 10, 2008, 3:23pm UTC](https://forums.speedlife.net/t/trust-greddy-declares-bankruptcy/54691/12 "2008-09-10T15:23:28Z")
Id expect this from AEM, because you can’t expect someone to pay 300$ for a tube.
But Greddy makes good stuff, thats pretty shitty.
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### Author:  [@turbo\_ls1\_ss](https://forums.speedlife.net/u/turbo_ls1_ss)
#### Post date: [September 10, 2008, 3:57pm UTC](https://forums.speedlife.net/t/trust-greddy-declares-bankruptcy/54691/13 "2008-09-10T15:57:51Z")
I even have greddy on my car, lol. EBC. its actually a very nice unit
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### Author:  [@Adictd2b00st](https://forums.speedlife.net/u/Adictd2b00st)
#### Post date: [September 10, 2008, 4:17pm UTC](https://forums.speedlife.net/t/trust-greddy-declares-bankruptcy/54691/14 "2008-09-10T16:17:03Z")
i’ve always like the quality of the greddy/trust parts i’ve owned… sad that the cheap ebay stuff is hitting them that hard, i wonder who’s next?
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### Author:  [@bing](https://forums.speedlife.net/u/bing)
#### Post date: [September 10, 2008, 7:11pm UTC](https://forums.speedlife.net/t/trust-greddy-declares-bankruptcy/54691/15 "2008-09-10T19:11:43Z")
> [@Viper966](#):
>
> which product decisions? im curious
- M-spec
- letting Megan racing take over their market in the US
- etc.
> [@Adictd2b00st](#):
>
> i wonder who’s next?
Apexi filed last year, so did SSR.
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### Author:  [@Carnut](https://forums.speedlife.net/u/Carnut)
#### Post date: [September 10, 2008, 7:37pm UTC](https://forums.speedlife.net/t/trust-greddy-declares-bankruptcy/54691/16 "2008-09-10T19:37:11Z")
HKS is next.
Too bad. Although there is not much from greddy i would ever use.
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### Author:  [@Daddie](https://forums.speedlife.net/u/Daddie)
#### Post date: [September 10, 2008, 7:41pm UTC](https://forums.speedlife.net/t/trust-greddy-declares-bankruptcy/54691/17 "2008-09-10T19:41:31Z")
> [@Joe](#):
>
> Is Toda’s cat OK?
Fucking.
LOL
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### Author:  [@Inn-Tune](https://forums.speedlife.net/u/Inn-Tune)
#### Post date: [September 11, 2008, 8:22am UTC](https://forums.speedlife.net/t/trust-greddy-declares-bankruptcy/54691/18 "2008-09-11T08:22:46Z")
It’s hard to make money when you have to warranty the same emanage 2-3 times. Lets see if they pull an Apexi and keep doing business.
Someone on another board had a great quote on this. “What will China do when all the companies actually designing parts are gone and they have nobody to copy?”
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### Author:  [@newman](https://forums.speedlife.net/u/newman)
#### Post date: [September 11, 2008, 8:29am UTC](https://forums.speedlife.net/t/trust-greddy-declares-bankruptcy/54691/19 "2008-09-11T08:29:04Z")
> [@turbo ls1 ss](#):
>
> I even have greddy on my car, lol. EBC. its actually a very nice unit
my bro has a greddy ebc on his GN
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### Author:  [@turbo\_ls1\_ss](https://forums.speedlife.net/u/turbo_ls1_ss)
#### Post date: [September 11, 2008, 9:08am UTC](https://forums.speedlife.net/t/trust-greddy-declares-bankruptcy/54691/20 "2008-09-11T09:08:57Z")
> [@newman](#):
>
> my bro has a greddy ebc on his GN
which one? i have the original profec b with the manual knobs. i heard some people have issues with the Spec II digital unit
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