Quote:
Originally Posted by Dimman
Are they back in business? I thought Trust went under and it was the US sales/distribution side that was still in business?
That being said, they make good stuff. But $...
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I had the old Trust exhaust when the muffler was flat black. I agree, they made some good stuff.
Looks like they went through a re-org in 09
Bankruptcy/Reorganization (Minji-Saisei-Hou)
According to various reports, by 2008 TRUST was approximately $60 million in debt and, after reporting a serious decline in sales since February 2008 and amassing $43 million in loan payments, they filed for Minji-saisei-hou in Tokyo District Court on September 10, 2008, the U.S. equivalent of a Chapter 11 reorganization plan. The U.S. division was unaffected by the bankruptcy.[1]
It wasn't until March 2009 that TRUST Co. LTD had successfully completed reorganization through Minji-saisei-hou
http://en.wikipedia.org/wiki/GReddy