3rd Generation Specific (1993-2002) 1993-2002 Discussion including performance modifications and Technical Support Sections.
Sponsored by:

APexi (Japan) is bankrupt.

Thread Tools
 
Search this Thread
 
Old 02-22-07 | 07:07 PM
  #1  
DomFD3S's Avatar
Thread Starter
Mod Powers...gone!
 
Joined: Apr 2001
Posts: 1,522
Likes: 0
From: SoCal
APexi (Japan) is bankrupt.

Interesting stuff. I'm surprised I didn't hear about it until now.
I heard a bit of stuff about their financial woes, but didn't correlate
it to FULL ON bankruptcy.
This could explain why APexi cut back on their PowerFCs.

(Posting in 3rd gen section, due to PowerFC involvement w/ 3rd gens)

http://forums.freshalloy.com/showthread.php?t=164429

http://forums.gtrcanada.com/viewtopic.php?t=12982
Old 02-22-07 | 07:19 PM
  #2  
dradon03's Avatar
Derwin
iTrader: (2)
 
Joined: Apr 2005
Posts: 2,888
Likes: 0
From: MTL, QC
Wow, that is crazy if it is true. BBS and Apexi.

Damn the Chinese made cheap @$$ buyers of Ebay products.

I wonder what is gonna happen on the Power FC front, if an ECU maker will ever offer something cheap and easy to use like the Power FC.
Old 02-22-07 | 07:37 PM
  #3  
Davin's Avatar
Back door, no babies...
Veteran: Navy
iTrader: (14)
 
Joined: Sep 2006
Posts: 1,413
Likes: 3
From: LA, DC & Philly
wait, what do you mean BBS... like the wheel company went under and veilside too?
Old 02-22-07 | 07:40 PM
  #4  
chinaman's Avatar
Rotary Freak
 
Joined: Dec 2001
Posts: 1,802
Likes: 0
From: Macungie, Pennsylvania
Damn! I really liked their stuff.
Old 02-22-07 | 07:45 PM
  #5  
sleeper7's Avatar
Rotary Enthusiast
 
Joined: Aug 2006
Posts: 1,216
Likes: 10
From: Melbourne FL/San Antonio TX/Okinawa Japan
dam.. looks like i will have to buy my power fc sooner than expected
Old 02-22-07 | 08:01 PM
  #6  
slo's Avatar
slo
registered user
iTrader: (1)
 
Joined: Jan 2006
Posts: 2,469
Likes: 0
From: San Diego
I wonder what is gonna happen on the Power FC front, if an ECU maker will ever offer something cheap and easy to use like the Power FC.
There is a haltech to FD stock harness adapter available for the E11/E8 and was even one for the E6K as a third party piece a while back.

Acording to claudio on the haltech forum there will soon be available a complete fully terminated harness custom made to fully replace the stock FD harness as a plug and play for the E8/E11. This would have the advantage of replacing the crusty stock harness with a new wiring. And while it wouldn't be as easy to setup as a PFC, it could be made nearly as easy by using a fully configured and close basemap.
Old 02-22-07 | 08:03 PM
  #7  
sevensix's Avatar
rotor rotor pow.
iTrader: (1)
 
Joined: Mar 2005
Posts: 3,170
Likes: 1
From: Southern CA
any more details? bankruptcy doesn't say much about the future of the company or its products..
Old 02-22-07 | 08:04 PM
  #8  
drivelikejehu's Avatar
penurious

 
Joined: Nov 2005
Posts: 578
Likes: 0
From: College Park, Maryland
Originally Posted by sleeper7
dam.. looks like i will have to buy my power fc sooner than expected
+1

might as well buy two and ebay one next year.
Old 02-22-07 | 08:06 PM
  #9  
car hugger's Avatar
registered user
iTrader: (1)
 
Joined: Mar 2005
Posts: 422
Likes: 0
From: Fort Lauderdale, FL
I wonder how this is going to affect the rest of the computers on FDNewbies group buy.
Old 02-22-07 | 08:17 PM
  #10  
Scrub's Avatar
bow leggin'
iTrader: (25)
 
Joined: Jul 2002
Posts: 6,061
Likes: 5
From: Delaware
bankrupt does not mean out of business.
Old 02-22-07 | 08:20 PM
  #11  
car hugger's Avatar
registered user
iTrader: (1)
 
Joined: Mar 2005
Posts: 422
Likes: 0
From: Fort Lauderdale, FL
^^^ I know, I was just wondering for the sake of wondering.
Old 02-22-07 | 08:21 PM
  #12  
DaleClark's Avatar
RX-7 Bad Ass
iTrader: (55)
 
Joined: Jan 2002
Posts: 15,420
Likes: 2,472
From: Pensacola, FL
Yeah, companies don't declare bankruptcy and that's the end of it. They restructure, tighten the belt up, and get solvent again. Hell, companies like K-mart have been under bankruptcy for ages.

I'll panic when I go to their webpage and get a 404 error. Until then, it's no big deal.

Dale
Old 02-22-07 | 08:35 PM
  #13  
s-thetikz's Avatar
4 rotor 964 lol
iTrader: (1)
 
Joined: Sep 2003
Posts: 1,170
Likes: 0
From: SoCA/ MA
i don't know how much credit you'll give me for this information, but i heard about apex'i going bankrupt a couple months ago from a friend in the industry in japan. apex'i recieves much sponsorship from the Yakuza simply because financing an after-market company for cars is something investors don't feel is a justifiable source of income. and thus they apparently got financing from the Yakuza and it eventually got cut off. it may sound outrageous but there have been incidents where some aftermarket companies would sell power FC's for around 600 USD, when apex'i themselves sell them for 1000 USD. some of those companies were "taken care of" by the Yakuza.

again, all hearsay.
Old 02-22-07 | 08:40 PM
  #14  
s-thetikz's Avatar
4 rotor 964 lol
iTrader: (1)
 
Joined: Sep 2003
Posts: 1,170
Likes: 0
From: SoCA/ MA
an added note... if you haven't noticed by now, the tuning industry as a whole can reflect apex'i and their source of financing by the way they do business. a lot of the business is shady and just created in the whole fad of tuning that has exploded around the world. many companies will use the same parts as other companies and slap their stickers on it. for example, companies like kei office and hks won't actually develop their own coilovers; rather just slap some springs and shocks together from various parent companies and put their names on them.
Old 02-22-07 | 08:52 PM
  #15  
mirabile's Avatar
Rotary Enthusiast

 
Joined: May 2006
Posts: 1,406
Likes: 1
From: Ambler,PA
^ write a crime novel.

I heard the Mafia funds this page, and sometimes they stop funding it, and thats why we get the database error.
Old 02-22-07 | 08:53 PM
  #16  
s-thetikz's Avatar
4 rotor 964 lol
iTrader: (1)
 
Joined: Sep 2003
Posts: 1,170
Likes: 0
From: SoCA/ MA
Originally Posted by mirabile
^ write a crime novel.

I heard the Mafia funds this page, and sometimes they stop funding it, and thats why we get the database error.
LOL ******* seriously. i'm so annoyed about that right now.
Old 02-22-07 | 08:55 PM
  #17  
Bunchies's Avatar
Senior Member
iTrader: (1)
 
Joined: Mar 2006
Posts: 660
Likes: 0
From: CA
Originally Posted by sevensix
any more details? bankruptcy doesn't say much about the future of the company or its products..
seriously. Some people seem to assume that bankrupt = gone forever.
Old 02-22-07 | 09:27 PM
  #18  
poss's Avatar
Slower Traffic Keep Right
iTrader: (5)
 
Joined: Apr 2002
Posts: 2,192
Likes: 2
From: Albuquerque, NM
Originally Posted by Scrub
bankrupt does not mean out of business.
In America that's absolutely true, but does that translate to Japan's economic policy/system?
Old 02-22-07 | 09:29 PM
  #19  
HKNY's Avatar
Thou Shall Search
iTrader: (2)
 
Joined: Oct 2006
Posts: 462
Likes: 0
From: NY
Originally Posted by mirabile
^ write a crime novel.

I heard the Mafia funds this page, and sometimes they stop funding it, and thats why we get the database error.
HAHAHAHAHAH
Old 02-22-07 | 10:05 PM
  #20  
EricRyan's Avatar
Autocrossed. I got CONED!

iTrader: (4)
 
Joined: Jun 2006
Posts: 629
Likes: 0
From: Lake Charles, LA
Originally Posted by mirabile
^ write a crime novel.

I heard the Mafia funds this page, and sometimes they stop funding it, and thats why we get the database error.
LOL.
Old 02-22-07 | 11:13 PM
  #21  
car hugger's Avatar
registered user
iTrader: (1)
 
Joined: Mar 2005
Posts: 422
Likes: 0
From: Fort Lauderdale, FL
Originally Posted by mirabile
^ write a crime novel.

I heard the Mafia funds this page, and sometimes they stop funding it, and thats why we get the database error.
This is the first time I laughed so hard I cried.

(Just got a database error trying to access the smiles)
Old 02-23-07 | 03:33 AM
  #22  
RotaryEvolution's Avatar
Sharp Claws
iTrader: (30)
 
Joined: Oct 2003
Posts: 5,107
Likes: 47
From: Central Florida
lol
Old 02-23-07 | 06:48 AM
  #23  
dradon03's Avatar
Derwin
iTrader: (2)
 
Joined: Apr 2005
Posts: 2,888
Likes: 0
From: MTL, QC
BTW companies that make rebrand their products it is just because they cannot possibly make the parts themselves. Do you see Kei Office having the funds to have all the equipment and machinery not only to make coilovers but also to test them, impossible.

Re-Amemiya wheels aren't made by them because they simply could never afford the facilities. Yokohama wheels made by Enkei etc. fact is in todays market of gold for rice you need help from the big boys if you want to make some money.

On an unrelated subject I am curious to know who makes the new RE-Amemiya "Street" coilover kit.
Old 02-23-07 | 07:29 AM
  #24  
Riccardo's Avatar
Senior Member
iTrader: (1)
 
Joined: Mar 2003
Posts: 668
Likes: 4
From: Greece
All what is said above is very true
The only added value (if any) small independant companies is that they customise more generic parts for specific niche markets lie the FD ie. spring rates etc. may be particularly tailored to the FD for instance
Old 02-23-07 | 09:03 AM
  #25  
Jason's Avatar
The one
iTrader: (5)
 
Joined: Jul 2001
Posts: 3,862
Likes: 4
From: Fort Worth, TX
From what I have been told the bankruptcy is more for restructuring than anything else and as of now wont change the product line including Power FC's.


Quick Reply: APexi (Japan) is bankrupt.



All times are GMT -5. The time now is 05:48 PM.