Greddy/Trust Files Bankruptcy

[MeFryRice]

My boss just forwarded me this information....

http://www.autoblog.com/2008/09/10/japanese-tuning-firm-trust-greddy-declares-bankruptcy/

[Sawyer]

RE: Greddy/Trust Files Bankruptcy

Aww that sucks!
Everyone is going under lately.. :(

[MeFryRice]

RE: Greddy/Trust Files Bankruptcy

We can thank mortgage companies and investors...:(

[Sawyer]

RE: Greddy/Trust Files Bankruptcy

Yay bankruptcy!

[MeFryRice]

RE: Greddy/Trust Files Bankruptcy

banana

[RotorNutFD3S]

RE: Greddy/Trust Files Bankruptcy

We can also thank companies that take advantage of other company's R&D and sell the same thing, but a lot cheaper. Yay knock-offs.

[Sawyer]

RE: Greddy/Trust Files Bankruptcy

^ Hurray China!

[MeFryRice]

RE: Greddy/Trust Files Bankruptcy

Whats even better is, the knock-off pcs are probably being produced at the factory next door! (Once a company owns the tooling rights, the factory is not able to produce an exact similar item for another company).

[Jack-MX5ATLanta.com]

RE: Greddy/Trust Files Bankruptcy

We can also thank companies that take advantage of other company's R&D and sell the same thing, but a lot cheaper. Yay knock-offs.

The first thing I thought of was ebay when I read the title.

[metalman]

RE: Greddy/Trust Files Bankruptcy

Fuk a bunch of mortgage bankers...and all banks for that matter.
When they get in trouble they get bailed out by the gubment (all of US) when a citizen gets in trouble financially most still have to PAY....thanks to the banks lobbying for new bankruptcy laws that screw all of us.

*end side discussion rant mode

Bummer for Trust/Greddy...I guess everyone will blame China? Ebay knockoffs?

[Doppelgänger]

RE: Greddy/Trust Files Bankruptcy

Well, maybe they will restructure or get bought out and reorganized, kinda like what happened with SSR wheels.

But **** all these cheap bastars who buy/support the cheap chinese garbage.

[MeFryRice]

RE: Greddy/Trust Files Bankruptcy

It's a combination of things as to why they went under. Our economy is not in it's best condition and the lower/middle class people are barely making ends meet. Due to this, people do not have the extra money to spend on their cars like they used to and having to settle for the replica items instead.

[Doppelgänger]

RE: Greddy/Trust Files Bankruptcy

it's still because of the cheap bastards!

[RotorNutFD3S]

RE: Greddy/Trust Files Bankruptcy

^^ lol
If I can't afford the good parts, I'll wait until I can. Or until a deal comes through from a private buyer. :)

[Roadster]

RE: Greddy/Trust Files Bankruptcy

^^ lol
If I can't afford the good parts, I'll wait until I can. Or until a deal comes through from a private buyer. :)

I'll wait until I can wheedle them out of somebody used too. I'm one of those cheap bastards most of the time, but quality matters. I'm not buying Ebay **** to save money at least.

Sucks about GReddy. This is kind of ominous considering they were one of the biggest aftermarket names out there. Wonder who's next.