Trust/Greddy bites the dust.

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Leonidae

Leonidae

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Autoblog article

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 here about a large tuner going under.
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I'm in the industry, and the reason why they increased prices was simply to cover their dues and then declare bankruptcy, period.

GReddy USA was lead by a bunch of teens.

Leonidae, you're asking for too much.
 
forza2.0
do you have experience with greddy?

I would never go with them.
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Because you'd only go with SEAT :dunce:

It is unfortunate that they went under. I still have imported Trust strut brace bars on my AW11...

I wouldn't be surprised if the demand issue also has to do with newer cars being harder to tune...
 
Leonidae
Seeing that according your sig you have only ICE, nothing performance related on your car, I could ask the same from you.
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Insurance and performance mods make things extremely difficult at my age in the UK. Plus the car is getting replaced early next year anyway so there never was much point spending alot of money on a car im only keeping for 2 years.

Because you'd only go with SEAT
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If I wanted a could stick a Greddy turbo on a SEAT, but greddy are pricey, and therefore im more likely to go with a IHI turbo etc, such as fitted to the GTR.
 
So, you have no personal experience either. Greddy might be pricey, but they also have good reputation. As does KKK, which provides the turbochargers for VAG and RUF as far as I know.
 
Leonidae
So, you have no personal experience either. Greddy might be pricey, but they also have good reputation. As does KKK, which provides the turbochargers for VAG and RUF as far as I know.
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Alot of the manufacturers uses turbos from loads of different people. IHI is owned by subaru iirc, mitsubishi makes turbos for manufacturers, garret is owned by honeywell etc etc.

Basically with such steep competition not many people would choose greddy in europe when other brands were already so well established.
 
Trust/Greddy had been around since mid-70s as that article says. So it's far from non-established. And IHI is more related to Mitsubishi than Subaru.
 
Leonidae
Trust/Greddy had been around since mid-70s as that article says. So it's far from non-established. And IHI is more related to Mitsubishi than Subaru.
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Doesnt IHI stand for ishiwara heavy industries or something like that which is owned by subaru?
 
Mitsubishi have sub-contracted IHI to make some parts, but not sure about Subaru.

Maybe you're thinking of Fuji Heavy Industries (FHI).
 
Greddy was a good company, but their turbo kits really were way overpriced.

Enough that one can buy another high quality kit and get more power and just as much reliability out of it.
 
I never really payed much attention to the company. For some reason I have a really bad Fast and the Furious-ricer stigma attached to companies like Greddy and HKS. But then again, I like companies with names like JIC Magic...
 
Well, that's too bad... But its definitely a sign that the "tuner culture" here in the US (and abroad) is on the verge of collapse. I was trying to find a halfway decent exhaust system for my Celica (sounds too much like a Camry), but with the industry folded in half since I was last paying attention (about 2004/2005)... Yeah.

Too bad, but if anything, we'll likely see that the diversified tuning companies survive... Or possibly only the factory outlets only.
 
I have had/have tons of experience with Trust/greddy parts, top quality and never had a problem at all. Trust has even released cheap intercooler kits (cheap type cores and no polishing) that still maintains high build quality to complete with the chinese rubbish (yes RUBBISH) that has been flowing in.

I am really sad to see them go under.
 
Ouch, well its nothing they can do. The economy is really out of their control, and they pretty much did what they set out to do. But I'm gonna miss them a lot...... They do make really good turbos, and other parts as well but I think HKS, Blitz, and Apexi have give them a hard time getting customers. Also I wonder what will happen to their motorsport activities now that they have declared for bankruptcy.....

Will Masao Suenaga have to drive for another team after driving for Greddy/Trust for a long time? Oh crap....... :nervous:
 
It's a shame, really, the way the tuner market is going... but c'est la vie... either you go down to where the market is or you starve.

It's a shame, really, about Chinese knock-off, parts... but they're really not all rubbish.

I mean, only half the chinese turbos I've seen installed at our shop have failed in the first month. That's good numbers, right?





:lol: :lol: :lol:
 
You must remember, however, that it is not exclusively the tuner market that is suffering right now, with falling economies everywhere bar China (who are taking adavanatge of the situation by pumping more said crap into the market). As far as I can recall, the tuner market relative to other present-time industries isnt suffering so badly as you might think. In fact, its been growing rapidly here in Australia in the past 5 years. Don't think of this situation as a foreshadowing of the ultimate and complete collapse of the tuning industry; its a phase that will only see a stronger and more innovative industry at the end of the day.
 
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Oh yeah, there is still a huge tuner market in Australia but the problem is the sheer quantity of cheap chinese made parts that are selling now, most of the import tuner market is young guys without a lot of cash and a Japanese import, they go the cheap route and usually end up regretting it.
 
Hasn't Apexi already gone bankrupt? I coulda sworn I read somewhere that they'd gone into the catalytic converter manufacturing game and that had screwed them over. Or something/
 

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