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Greddy Declares Bankruptcy

Greddy Declares Bankruptcy

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Bad days are coming ahead for import enthusiasts. It seems like all sectors are feeling the economic decline. Trust/Greddy, the Japanese company specializing in aftermarket parts for cars, has filed bankruptcy due to decline for the market. There has been a decrease in demand with many speculating it is because of the cheap Chinese knock-offs flooding the market. Greddy was $60 million in debt and accumulated $43 million in loans before declaring bankruptcy.

I get the feel that other aftermarket auto performance companies will be following Greddy’s suit. So long Greddy.

Source: AutoBlog

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crazygin50

crazygin50

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