Greddy declared bankruptcy today
- Thread starter Ckanderson
- Start date
IJ.;1127018 said:
i have bought knockoff..
but i also realized how bad the knockoffs were.. and spent even more $$ on namebrand
i have bought a greddy catch can and a used trust intercooler. everything else is a combination of american/aussie/HKS
I like what Rich said. This doesn’t there locking the doors tomorrow. Look at Northwest air lines (a U.S. company) they declared bankruptcy, got shit in line and now they’re not in it anymore. Just a way to not pay the bills for a wile. Now maybe the fuel prices might put NW back into it thought LOL.
92nsx;1127189 said:
Do not confuse US Bankruptcy law with banruptcy law in other countries. They WILL be different.
If they don't come back, it is a good thing. Those guys doing the actual development will have no trouble getting hired in the industry. They will have a very good reference on their resume'. Then they can do the same work for a company who isn't so proud of their name.
I'm with the knock-offs aren't the problem here, its a company that did not manage their supply and demand properly. That and prices are a bit ridiculous...you sell 10 thousand boost gauge units, you have covered your R & D...drop the price...
Like Ian said
Greedy....
And I run a decent amount of Greddy products BTW...
Only thing that is knock-off on my car is the BOV that will be replaced soon.
Like Ian said
Greedy....
And I run a decent amount of Greddy products BTW...
Only thing that is knock-off on my car is the BOV that will be replaced soon.
The following is just my opinion. I also think that it's 100% true, but if you're a huge Greddy fan, please don't get offended. 
Honestly, Greddy may be perfectly happy blaming "knock-offs" for the problem, but they've made their own problems over the years. We've been using Greddy products since we started in 2004 and I recently swore them off forever. Their products are inferior in quality and there service is, quite frankly, terrible.
I mean, they NEVER fixed the Emanage blue manual. To this day if you buy a NEW Emanage blue, you would have no idea what the grey wire connects to, if it wasn't for enthusiasts figuring it out. I mean, how hard would it be for them to hire ONE GOOD TRANSLATOR to actually give us a decent manual that makes sense?
Their turbo kits give people nothing but problems. There's a business that I know of, ALL THEY DO is build parts to replace parts in Greddy's turbo kits. The ENTIRE BUSINESS is built on replacing faulty parts that Greddy makes! Has anyone seen the turbo kit Greddy released for the RX8? :aigo:
How about the new Emanage Ultimate? We've tried running the Ultimate on a few different cars. First, we again had to figure out how to install it (oh yes, that manual has errors too). Then we could never get the engine to run right. After spending a few hours on the phone calling other tuners, every single one said the same thing, "What are you using to tune? Emanage Ultimate? Oh yeah, that's your problem." We switched to another piggyback and everything was fine.
And customer service? Oh my goodness. First, you can't talk to anyone who actually is fluent in English. If you have a problem, you get "Okay, we'll call you back". Guess what? I've never gotten a call back.
The cause of a major problem like this for a big company like Greddy is the same cause for individuals who run into problems like these. It's caused by BAD HABITS practiced consistently over a long period of time. Now, it's catching up to them.
Honestly, Greddy may be perfectly happy blaming "knock-offs" for the problem, but they've made their own problems over the years. We've been using Greddy products since we started in 2004 and I recently swore them off forever. Their products are inferior in quality and there service is, quite frankly, terrible.
I mean, they NEVER fixed the Emanage blue manual. To this day if you buy a NEW Emanage blue, you would have no idea what the grey wire connects to, if it wasn't for enthusiasts figuring it out. I mean, how hard would it be for them to hire ONE GOOD TRANSLATOR to actually give us a decent manual that makes sense?
Their turbo kits give people nothing but problems. There's a business that I know of, ALL THEY DO is build parts to replace parts in Greddy's turbo kits. The ENTIRE BUSINESS is built on replacing faulty parts that Greddy makes! Has anyone seen the turbo kit Greddy released for the RX8? :aigo:
How about the new Emanage Ultimate? We've tried running the Ultimate on a few different cars. First, we again had to figure out how to install it (oh yes, that manual has errors too). Then we could never get the engine to run right. After spending a few hours on the phone calling other tuners, every single one said the same thing, "What are you using to tune? Emanage Ultimate? Oh yeah, that's your problem." We switched to another piggyback and everything was fine.
And customer service? Oh my goodness. First, you can't talk to anyone who actually is fluent in English. If you have a problem, you get "Okay, we'll call you back". Guess what? I've never gotten a call back.
The cause of a major problem like this for a big company like Greddy is the same cause for individuals who run into problems like these. It's caused by BAD HABITS practiced consistently over a long period of time. Now, it's catching up to them.
The first, last, and only greddy part I ever bought was a catch can. Worst designed pile of crap ever. Efficient use of space? Hell no. Expensive? Hell yes. Useless waste of time to plumb in because it blew by like a bastard? Hell yes. $35 at driftmotion got me a catch can that was 10000000000 times better than the greddy piece of shit.
They couldn't design a $95 catch can, what makes me believe they could design a $2000-3000 turbo system?
Cheap knock-offs wouldn't kill a company, ESPECIALLY in the auto-world. A cheap knock-off turbo that wasn't built well will last a very, very short time. And then that buyer will be back on the market, and NOT buying a cheap-knock off because he knows what will happen to it, and he'll tell all his friends and anyone who'll listen, not to buy that either. It's a self correcting system. Cheap knock-offs will break. Quality copies probably won't, and at that point, the original design company has to consider what it needs to do financially to compete.
Besides that, we've established that people who weren't going to spend big bucks wouldn't have spent it on brand name products either.
They couldn't design a $95 catch can, what makes me believe they could design a $2000-3000 turbo system?
Cheap knock-offs wouldn't kill a company, ESPECIALLY in the auto-world. A cheap knock-off turbo that wasn't built well will last a very, very short time. And then that buyer will be back on the market, and NOT buying a cheap-knock off because he knows what will happen to it, and he'll tell all his friends and anyone who'll listen, not to buy that either. It's a self correcting system. Cheap knock-offs will break. Quality copies probably won't, and at that point, the original design company has to consider what it needs to do financially to compete.
Besides that, we've established that people who weren't going to spend big bucks wouldn't have spent it on brand name products either.
emiliorescigno;1127032 said:
Agreed.
Also... big name Japanese stuff is always unnecessarily difficult to order. Why can't one buy parts at www.hksusa.com? Introducing a third party vendor separates the consumer from the manufacturer in a big way. I expect a supplier to have an in-depth understanding of their product.If my exhaust manifold leaks, I want to speak with someone at the shop where it was made.
i gotta agree with emiliorescigno in that i support the quality shops like DM and supra sport. No one buys the knock offs after they break. the quality copies will get bought tho because no one wants to spend. take suprastore for example, they give you the option of the $1,999 greddy ic kit option, or the $1,477 hks kit. and then they give you a quality copy of the spearco kit for $499 that matches the greddy or hks in quality. why should anyone be expected to pay that much more just to stay loyal to an original company? i love hks. i love greddy. but the prices gotta come down some. i will pay for quality parts (i dont like going cheap on my car at all) but i cant afford to pay over $1,000 dollars for something of the same quality. if there is a 200-350 dollar difference yea i shoot for the genuine original. but if i can save 6 or 7 hundred dollars on a quality part that gets me the same performance, then im sorry but ill go with supporting the people who honestly do give a damn about our satisfaction and design their own kits to ACTUALLY make life easier on us.
next 30 years? i wonder what the civic is gonna look like in 2038?
and my god...how much will they be charging for that turbo kit?
and my god...how much will they be charging for that turbo kit?
trucker;1130495 said:
electric cars dont use turbos
edit: or put another way..."what fossil fuels?"
funny...it seems that in another thread, the russians are saying the same thing about fossil fuels...
Well, I checked greddy.com and they are under reorganization. So they aren't going anywhere.
So, just to clarify what everyone have been saying, the reason why Greddy (Trust in Japan) is filing for bankruptcy was the problems due to:
1. Poor business management (supply, demand, production, distribution, customer service)
2. Knock-offs or substitutes of an equivalent quality at a lower price (like store brand cereals compared to name brands)
3. Overpriced for perceived under quality products.
Any response or clarification would be appreciated. I'm learning from you all as I am looking at this topic. Thanks.
So, just to clarify what everyone have been saying, the reason why Greddy (Trust in Japan) is filing for bankruptcy was the problems due to:
1. Poor business management (supply, demand, production, distribution, customer service)
2. Knock-offs or substitutes of an equivalent quality at a lower price (like store brand cereals compared to name brands)
3. Overpriced for perceived under quality products.
Any response or clarification would be appreciated. I'm learning from you all as I am looking at this topic. Thanks.
Blaming knockoffs for Greddy being bankrupt is like saying the movie "Soul Plane" wasn't a blockbuster because of internet downloading.
There are other reasons behind it
There are other reasons behind it
Knock-offs did not bankrupt the company. Poor management and high prices did it. And with the economy in the toilet people are trying to save every penny they can. A lot of people are going to buy the knock-offs and use the money they saved for other purchases.
Good example... Why would their TD06 kit for the 7M go UP in price over the years? The tooling is already paid for, drop the price and compete and don't hope your name will float the company...