http://www.autoblog.com/2008/09/10/j...es-bankruptcy/

 

Yeah I read about this last week.....Crazy to hear but not a surprise to me.

-J

 

dam that sucks

 

when is the bankruptcy sale

 

their turbos were way outdated anyhow

 

Damn

 

going out of business sale, hell yea

 

I'm sure either an other company will buy them out, or they'll find new investors and re-order their finances. I can't see Trust completely closing down its doors. Apexi didn't go down either after declaring backrupt...

Jay7...

 

they are not going out of business, they are filing strictly for protection from their creditors. Apexi, SSR, BBS all have gone under and are still in business. I highly doubt this will affect parts supply in the US in any significant way.

 

the problem is that today they are alot of chinese knock off parts and other non-chinese company making performance parts fo half the price. GREDDY quality is better but everyday new companies are making parts that make power and don't break

 

That sucks, hopefully they still stay in business.

 

I own knockoffs and they're lasting just as long and performing just as good as the origionals. Maybe Greddy, Apexi and others should take the hint and move their manufacturiung to somewhere cheaper.

 

ebay > greddy?

sucks for them but i heard they were treating their vendors bad (someone that buys from them told me)

so they sort of had it coming...

 

I never did understand the prices they charge its rediculous... Lets just say a greddy turbo kit for instance... I can buy better material, new parts and have a custom one off kit biult to my exact specifications for less than a bolt in turbo kit they make on a mass production level... Isnt the whole point of mass production to minimize cost with quantity? I just think all the aftermarket power houses are retarded and should try to be more competative with there prices instead of saying I have a reputable name I overcharge so I can make a bigger profit... Because everyone starts from somewhere and are looking to make a name for themselves which is why quality goes up and price goes down... Just for referance in a competative market look at TV... 5 years ago you couldnt touch a 42 inch Plasma TV unless you had like 8g now you can have one for like 1500-2000 there was a demand and everyone started making them and the quality has gotten better but the price is going down... Aftermarket shops never do that...they are retarded... its a complete fallacy people associate price with quality and thats what they want you to do... So they jack their prices up and say they have superior quality when in reality your jaust paying more for the same stuff. Well Im done rambling... lol

Chris

 

While at the same time selling you a turbo kit with a turbo with an outdated design. Not hard to see why they would go bankrupt...

 

you guys have to understand the japanese market. If you want anything custom in japan its going to cost a TON of money. Its not like in the states where you can get things made for cheap. Most everything aftermarket over there is bolt-on





PRESS RELEASE

TRUST CO. LTD, JAPAN, FILES FOR MINJI-SAISEI-HOU IN TOKYO

GReddy Performance Products Inc., Parent Company to Undergo Reorganization Through Japanese Equivalent of U.S. Chapter 11 Filing

September 9th, 2008, Irvine, CA-GReddy Performance Products, a California Corporation, has announced that its parent corporation, TRUST Co. LTD, has filed for Minji-saisei-hou in Tokyo, Japan, the U.S. equivalent of a Chapter 11 reorganization plan. As in the U.S., this filing is a common strategy utilized by companies to allow them to continue to conduct business and service customers while undergoing an internal reorganization process.

This reorganization will have little, if any effect on GReddy Performance Products Inc., USA. GReddy assures its customers that it has ample inventory of all products for the U.S. market, and there are no production delays on new and current product lines coming from Japan. GReddy looks forward to exhibiting at the 2008 SEMA Show in Las Vegas, NV in its 20' x 40' booth, and will have three new project vehicles and new 2009 products on display. Representatives from both GReddy USA and TRUST Co. LTD Japan are attending the SEMA Show to answer questions about the reorganization and future plans for the company to retain its dominance in the sport compact market segment for the next 30 years.

Stated GReddy Performance Product's Kenji Sumino, "TRUST Co. LTD Japan has filed for bank protection in order to restructure. This does not affect GReddy Performance Products USA at this time. In fact, we are working on plans to assist TRUST Co. LTD Japan during this process in every way we can. We have more than adequate inventory to sustain us until TRUST Co. LTD Japan returns to full production capabilities. As more information becomes available, we will release it to the media."

 

well lets honestly think about it, you can buy:

1 Greddy td07 turbo for about 2300.00, or
2 garret GT35R's for 2400.00, or
3 garret 60-1's for 2400.00 or
8 of the chinesse knockoffs for 2400.00

now lets look at the performance side:

power:
TD07 450ish? not really sure about that.
GT35R 450ish pretty much guaranteed....
60-1 425ish is a good number
chinachargers inc: who knows? not many who are serious play with them

spool:
useing TD-07 as the bar and comparing others to it.
GT-35R much quicker spool due to newer ex design as well as ball bearing
60-1 depends entirely upon selection of exhaust wheel and houseing which there are plenty of. greddy has a very limited selection, it either works, or it doesn't Chinacharger INC: spool is slower than TD-O7 (according to what I have gleaned here form the forum)


next long term costs:

TD-07 rebuild (here in japan a mint) In the US I have no clue.
GT-35R 400 for a new cartridge seems to be the going price with a core swap
60-1 120ish for rebuild kit with no dynamic balancing, I don't know how much is required for a dynamic balance jobs i never had it done on mine, didn't seem to matter on mine anyways.
chinacharger INC. why bother, you get 8 for the price of one of the TD-O7


so initial cost is a minimum of 2x its closest competitor (35R)
power is roughly the same as all of its competitors (35R, 60-1) (chinacharger??)
spool is slower than its closest competitor, (60-1)
rebuild is roughly the same as its closest competitor (35R)

looks like it loses in all of the categories, the masses have chosen elsewhere, it sounds like a market economy working the way its supposed to.

guess what? they are probably going to go bankrupt......


sorry for being longwinded

Kenn

 

I'm not surpried either- a cool grand for a wastegate! I have one and the type
r bov- that's it and only because I got e'm at cost. I never bit on the turbo
kits, no not me, I bought the very most expensive kit out there- the srmotorsports
kit- what a joke that was. The turbo never lasted more than a few months.
Like most I'm doing full custom stuff now and turning my own wrench. I really
wish I had gone with the greddy t78 kit instesd of the sr f#*!ing bullshit. So
there's another side of it.

 

was SR using chinachargers? if not then the turbo was not sized properly and it either repeatedly overspun what the cartridge was capable of or it was too restrictive and the excessive heat killed it (probably) but once again, while the greddy stuff was obviously better than what the SR kit had, if the the turbo was a garret, then rebuilds should be chaep and its just a matter of sizing it correctly.


kenn

 

Here is my take to this knock-off parts.

Chinese made turbo and other fake gucci is the culprit of them all. US commerce are not doing a good job policing the fraud imports.

Just check the Chinese made turbo at ebay. Chinese dumped those inferior (quality fraud) turbo in United States by containers. Genuine Garrett/Holset Turbine contained nickle and other precious metals for hardened, same in the compressor. Chinese uses nothing more than a cast iron and plain aluminum at Chinese foundry. They claimed their turbo are balanced (yeah right). The reason Chinese turbo are crapping out is because of the tolerance when they reach the extreme heat. The balance is off due to the metal fraud specification.

You pay more by buying US made turbo and other parts and protect US businesses.

On the other hand, do I feel sorry for GREDDY?
Not a chance, they started making knock-offs too and killed US manufacturing.

What comes around goes around.

 

I think Greddy and Apex'i both have overpriced and outdated products, which is one of the reason why they are in such bad shape financially. As everyone has said, Greddy's turbo kits are expensive and outdated for our platform at least. Their newer turbo kits are unreliable and overpriced. Their electronics are mediocre-- e-manage is just another piggyback, and the base tune it comes with for the turbo kits Greddy sells have a bad reputation. Their exhausts aren't bad though.

Apex'i also has a pretty outdated catalog. Who runs an Apex'i turbo kit? I've never met anyone personally with an Rx-7 or any other car with their kits, as they are not readily available and are expensive. A lot of smaller car-specific manufacturers are doing better business than these big companies in that department. And Apex'i 's electronics are also really dated too... the Power FC is 10 years old with no near features and very little support! The only thing they have come out with is the SAFC Neo, which is the same thing as an old SAFC/VAFC, with a color display.