trust 破產

The market for aftermarket parts from Japan has been declining for wellover five years, due in part to decreased demand both at home andabroad and the rising rates of Chinese knock-offs and other inexpensive(and dubiously built) components.

Today, one of the world's largest performance parts companies, known as Trustin Japan and Greddy here in the States, declared bankruptcy. Accordingto various reports, Trust is approximately $60 million in debt and,after reporting a serious decline in sales since February 2008 andamassing $43 million in loan payments, filed for bankruptcy in TokyoDistrict Court.

Trust has been around since 1976, employs almost200 workers and had been dealing in everything from CARB-legal exhauststo turbo systems when Greddy Performance Products was founded in theU.S. in 1994. There are several firms that will step up to fill theneed of enthusiasts, assuming that Trust doesn't try to reorganize, butwith the aftermarket industry down overall, we suspect this won't bethe last time we'll hear about a large tuner going under.

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