Japanese tuning firm Trust/Greddy declares bankruptcy
10-02-08, 05:57 PM
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Japanese tuning firm Trust/Greddy declares bankruptcy
Guys check this link out. This may be old news.
http://www.autoblog.com/2008/09/10/j...es-bankruptcy/
http://www.autoblog.com/2008/09/10/j...es-bankruptcy/
10-03-08, 08:56 AM
#6
This is a bankruptcy restructuring not a closure, but it is an omen on the wall. We have relied on these great tuner shops to do the R&D towards great products, but when it comes time to write our checks we prefer to send them (indirectly) to China for a cheaper knock off. Dah, it’s cheaper; R&D expenditures equal the purchase of a few name brand products, tear down costs, a few jig fixtures and "slave" labor. I know China, I go their 8 to 12 times per year, not to by their junk but to walk a fine line of selling them items (offshore drilling rig components) that they do not yet have the technology to copy, while worrying (knowingly) that every thing sold to them will be examined and copied at some point.
Japan did this in the 50's, but was at least technically innovative and proud enough that they had the desire to improve on anything they copied, both in terms of improving quality and performance.. the world gained, better cameras, better steels, better assembly methods, better fuel efficiency, better performance from engines.
China does not seem to want to add value to any product, and their workforce does not seem to develop pride in making a better widget.
As a side note on Japan and cars; Japan has improved the breed in every arena that they have raced in from F1 to NASCAR and really helped Porsche. Porsche would not be the maker of very high quality cars and the world’s most profitable car company today without the help of Honda. (Porsche hired Princeton Univ. to determine why a hand build Porsche engine had poorer tolerances than an assembly line Honda engine) the professor involved in that study, a personal friend just happened to be a Honda family car driver and Porsche restorer (for personal use). The outcome of that study was an arrangement whereby Honda taught porches how to build cars to higher tolerances, to higher quality and cheaper all in one.
Japan did this in the 50's, but was at least technically innovative and proud enough that they had the desire to improve on anything they copied, both in terms of improving quality and performance.. the world gained, better cameras, better steels, better assembly methods, better fuel efficiency, better performance from engines.
China does not seem to want to add value to any product, and their workforce does not seem to develop pride in making a better widget.
As a side note on Japan and cars; Japan has improved the breed in every arena that they have raced in from F1 to NASCAR and really helped Porsche. Porsche would not be the maker of very high quality cars and the world’s most profitable car company today without the help of Honda. (Porsche hired Princeton Univ. to determine why a hand build Porsche engine had poorer tolerances than an assembly line Honda engine) the professor involved in that study, a personal friend just happened to be a Honda family car driver and Porsche restorer (for personal use). The outcome of that study was an arrangement whereby Honda taught porches how to build cars to higher tolerances, to higher quality and cheaper all in one.
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