TRUST successfully reorganized in Japan, GReddy in the U.S. churning along

[ZilviaBot]

03-12-2009 05:03 PM

Filed under: Aftermarket (http://www.autoblog.com/category/aftermarket/), Tuners (http://www.autoblog.com/category/tunertuesdays/), Japan (http://www.autoblog.com/category/japan/)

http://www.blogcdn.com/www.autoblog.com/media/2009/03/trust-greddy-580op.jpg

This past September, Trust Co. LTD - the parent company of GReddy Performance Products in the U.S. - declared the Japanese equivalent of Chapter 11 (http://www.autoblog.com/2008/09/10/japanese-tuning-firm-trust-greddy-declares-bankruptcy/). According to a release from the aftermarket parts supplier, Trust has successfully completed the reorganization process (known in Japan as Minji-Saisei-Hou) and is hoping to be completely back on its feet within the next few months. During the reorganization (http://www.autoblog.com/2008/09/12/update-greddy-in-u-s-still-good-to-go/), both Trust and GReddy have maintained its workforce here and abroad, developed new components, continued to produce parts and serviced its clients around the world. While we're happy to hear about GReddy's future involvement in the aftermarket, this won't be the first or last filing from a performance part supplier as the auto-apocalypse continues.Continue reading TRUST successfully reorganized in Japan, GReddy in the U.S. churning along (http://www.autoblog.com/2009/03/12/trust-successfully-reorganized-in-japan-greddy-in-the-u-s-chur/)

TRUST successfully reorganized in Japan, GReddy in the U.S. churning along (http://www.autoblog.com/2009/03/12/trust-successfully-reorganized-in-japan-greddy-in-the-u-s-chur/) originally appeared on Autoblog (http://www.autoblog.com) on Thu, 12 Mar 2009 18:03:00 EST. Please see our terms for use of feeds (http://www.weblogsinc.com/feed-terms/).



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[ThatGuy]

Gee, I wonder how many of the knock-off companies will have to file for bankruptcy?

Oh, that's right, they'll just make even crappier parts to sell to the mindless masses.



Good to see Trust getting back on it's feet. :bow:

[JeremyR]

i am glad that i helped contribute to them!

when i purchased greddy intake kit a few weeks back :D

[LongGrain]

good to hear :)

[Andrew @ 240sxMotoring]

I always trusted that they would get out of this one. :D