Business As Usual For GReddy

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 while undergoing internal reorganisation to improve its financial position and reduce or clear outstanding debts.

For GReddy, it's business as usual with the performance manufacturer preparing to display three new project vehicles and its 2009 product line-up at this year's SEMA Auto Show (Las Vegas). Both Trust and GReddy note there is adequate inventory available to meet customer demand until Trust can return to full production capabilities.

GReddy is currently working on plans to assist Trust through these tumultuous times - so it looks like Trust will be sticking around for some time yet. For lovers of high-end performance components, that's some good news to start the week.