revcyanide

taken from Dsport's news

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KrazyS13

Doesn't surprise me at all unfortunately... This country is fucked right now.

tricky_ab

God damn it! Here's to even higher prices getting stuff shipped directly from J-Land...Oh and this should kick off a "knock off" debate.

revcyanide

this doesnt have much to do with the knock off thing

this is because the US dollar is becoming worthless and it is bad buisness to keep a niche buisness in the US

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SinGarage

Very sad news indeed. I've been a fan of their products since late 80's and early 90's. Hopefully things will look brighter in the future and would reluctantly open their doors again here in the US.

Magical Trevor

Blame it all on megan and ISIS.

!Zar!

I thought they were already closed in the states.

OH WELL

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NINJASPY

when is the last time anyone bought anything brand new from hks?
knock offs are part of the problem.

Magical Trevor

Sad thing is that it's true. All my HKS product have been bought used, or bought BNIB second hand.

MidwestMyriad

Watch or read the news sometime, or read some of the posts before yours, I highly doubt ISIS and Megan are responsible for the downfall of HKS USA.

I would blame poor marketing/advertising before other companies

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@MMyriad

revcyanide

I agree knock offs hurt their sales.
HOWEVER i can garuntee knock offs or not, if the US dollar wasnt horrible, and japan wasnt wrecked with earthquakes, they would stay in the US.

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MidwestMyriad

"The Dollar Index slid to the lowest level since 2008, Treasuries rose and gold rallied to a record after economic growth slowed. The Standard & Poor’s 500 Index climbed an almost three-year high as rising earnings and takeovers overshadowed the report on gross domestic product.

The Dollar Index tumbled 0.6 percent at 4:10 p.m. New York time after slumping to 72.871, an almost three-year low. It declined for an eighth straight day, its longest slump since 2009. Ten-year Treasury yields lost five basis points to 3.31 percent, gold jumped as much as 1.4 percent to $1,538.80 an ounce and silver rose for a second day. The S&P 500 climbed 0.4 percent to 1,360.48 while the Russell 2000 Index of smaller U.S. stocks rallied to a record for a second straight day."

-Just an excerpt

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@MMyriad

Magical Trevor

Sarcasm homie.

Fred Allen Burge

This is good news. In my opinion when you see "fart cans" and interfoolers on civics in MY little bitty town the scene has gotten too big and main stream, good time for the cycle to shift around.

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towlie

Wasn't Greddy having major financial issues aswell ?

revcyanide

so a company making great products should lose money and people should be out of a job?
go fuck yourself

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SinGarage

Actually you wouldn't probably see those fart cans or interfoolers if it wasn't for knockoffs being so cheap and readily available. I remember back in the days it took me almost 6 months to get my HKS manifold and TO4E turbo for my turbo II. Cost me almost 2 grand and that was a lot of money back in the early to mid 90's. Specially someone who has barely making money, having rent, and going to college lol.

raz0rbladez909

I don't see how that is good news in anyway? I really doubt those same ricers are running a single thing that is HKS.

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2004 Corvette Z06 / 1971 240z

Magical Trevor

You're a fool.

Yeah, Apex-i was also. A few years back actually.

SinGarage

Yes, I think they have filed for bankruptcy recently. I don't want to think it but they are pretty close to being on their way out also.

Brian

JDM is dead.

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http://bhworld.wordpress.com/

EDacIouSX

I don't think knock off is the problem, i think a lot of it had to do with that they didn't really sell anything too interesting. HKS is a big name but I never perceived HKS as an outstanding company in any particular field except the FCON Vpro. Speaking of which, I still need a fcon vpro 3.2 or above if anyone is selling... ha.

Brian

Coming from a JDM company, I can tell you that knock offs ARE a problem. There are obviously other problems out there (bad economy, incorrect business style, bad marketing, etc.) , but knock offs do create a big problem.

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ZilviaKid

they should have waited a week, new fast and the furious should drive sales pretty hard for a while.

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1989 Nissan 240sx - Hatch - Sr
2006 Honda Ruckus - Fat & Low

MidwestMyriad

Nooo!!!!

YouTube - Weezer-Say It Ain't So Lyrics

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@MMyriad

MidwestMyriad

If GM and Chrysler can do it, why not HKS or Greddy? BAILOUT TIME

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@MMyriad

jamg

because they would never bail out a non american company

MidwestMyriad

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@MMyriad

vvtisupra

still waiting for the revival. Long Live REAL PARTS

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DxZoo

Its tough for any business to stay open in the U.S these days, let alone a company that makes expensive parts for a select few japanese automobiles.

Also,I could be wrong , but back in the day it seemed like it was JDM parts or bust. Nowadays the trend seems to have shifted to fabbing your own stuff, used parts, U.S brands(non knockoff) or other methods that offer similar quality but are cheaper and easier to attain than brand new ballin JDM hardware. Im talking about nice cars not rattle canned godspeed mobiles.

idk just some thoughts

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