This wont be the first automotive accesories company to go bankrupt.

http://www.autoblog.com/2008/09/10/japanese-tuning-firm-trust-greddy-declares-bankruptcy/

However, I believe gas prices are a major player as well besides knock offs. That and most American companies are cheaper.

So... can I cheer yet? Greedy is gone? WOO

Sure. Cheer that a huge tuning company is gone because they spend money on R&D that Chinese companies rip off so they can sell a comparable product without spending any money on R&D.

VeilSide has nothing new in the works right now and they aren't planning to. VeilSide recently said they have nothing in the works because they put R&D into a product to get ripped off by an inferior Chinese company.

Knockoff parts are bad because they stifle innovation.

Well, I do own a knockoff catback. Fitment was ok, and the bends/size are the same. But between paying $175 and $750, there was no choice at all. I understand the costs of R&D are great. But, just as an example, the average person that has a car like ours can not afford to drop $1000+ on a complete exhaust system. (I.E. Header->Muffler)
They make a superior product, yes, but not at a reasonable price. Just my .02.

Originally posted by freelancefool
Sure. Cheer that a huge tuning company is gone because they spend money on R&D that Chinese companies rip off so they can sell a comparable product without spending any money on R&D. VeilSide has nothing new in the works right now and they aren't planning to. VeilSide recently said they have nothing in the works because they put R&D into a product to get ripped off by an inferior Chinese company. Knockoff parts are bad because they stifle innovation.

Show me one thing Greedy has "innovated". They make the same crap as everyone else, they just think they can charge twice as much for it because they're GReddy.

Fuck them and their entire product line.