GReddy.html |
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| Type | Private |
|---|---|
| Founded | April 1977 |
| Founder(s) | Masamitsu Hayakawa |
| Headquarters | Chiba, Japan |
| Key people | Toshio Morishita, President |
| Industry | Automobile tuning & parts manufacturer for street and motorsports |
| Products | Automobile tuning and racing products |
| Revenue | 80,000,000yen |
| Owner | Private |
| Website | http://greddy.com http://www.trust-power.com |
Trust Company Ltd. (株式会社トラスト Kabushiki Kaisha Torasuto?) is a Japanese automotive aftermarket company specialising in performance tuning parts for cars. The company is widely known for its subbrand of tuning parts GReddy and the turbochargers under this brand.
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GReddy/The Trust company LTD
The Trust Company
Founded in Japan in 1977, The Trust company LTD has become a major player in automotive performance products. With popular brand names like GReddy, GREX, and GRacer, the Trust Company offers one of the widest varieties of performance automotive components. They are most well-known for their complete cat-back exhaust systems with unique straight through muffler design and bolt-on turbocharger kits.
Since 1994, the development and distribution of Trust Company products in the United States has been accomplished by GReddy Performance Products, based in Irvine, California. Trust was unable to use its own name there as it was already copyrighted, therefore they became officially known as GReddy.
In 2005, GReddy Performance Product, expanded to add an east coast facility in Old Bridge, New Jersey.
GReddy
The division that makes exhaust systems, turbo kits, cooling systems, electronics and accessory lines for Japanese and American cars.
Greddy is pronounced Gr-ed-ey, not G-Ready as many often do. The name originated from two words "GREAT" and "Eddy," as in a strong swirling wind current. Relating to the strong swirling intake air of a turbocharger, which the GReddy brand was designed for.
The GR in uppercase and the eddy in lowercase to show where the two words were combined. It also works well for the GReddy trademarked logo.
Minji-Saisei-Hou (Reorganization)
According to various reports, Trust is approximately $60 million in debt and, after reporting a serious decline in sales since February 2008 and amassing $43 million in loan payments, filed for bankruptcy in Tokyo District Court on September 10, 2008.
TRUST Co., Japan and GReddy Performance Products, Inc., USA have resumed normal production, operation and sales. Both are continuing to operate in Japan and the USA.