Way back in September last year, we reported that renowned Japanese after-market performances parts manufacturer TRUST had found itself in debt to the tune of AUD$91.5m and had filed for bankruptcy. It said then that it planned to use this protection to get the business back on its feet.

The good news today is that the company has [...]

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With Trust having recently filed for bankruptcy, Trust’s American arm, GReddy, has now responded to consumer concerns assuring them that the financial difficulties faced by Trust Japan will have little to no affect on GReddy’s US operations.

Trust has filed for “Minji-saisei-hou”, which equates to Chapter 11 under the US Bankruptcy Code. This allows Trust to continue operations [...]

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Best to get in quick if you’re in the market for a T88 turbo as Teikoku Databankas, Japan’s largest credit research company, yesterday announced that Japanese tuning firm Trust has just filed for bankruptcy in Tokyo’s District Court.

Known as GReddy in the states, Trust is reportedly USD$60 million in debt and has opted to shut [...]

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