S2KI Honda S2000 Forums

Wheels and Tires Discussion about wheels and tires for the S2000.
Sponsored by:
Sponsored by:

SSR Japan Bankrupt?

Thread Tools
 
Old 01-29-2005, 04:31 PM
  #1  
Registered User

Thread Starter
 
kitwetzler's Avatar
 
Join Date: Oct 2001
Location: Sunnyvale
Posts: 2,061
Likes: 0
Received 0 Likes on 0 Posts
Default SSR Japan Bankrupt?
http://www.nikkei.co.jp/news/sangyo/200501...0B27012005.html

Translation:

Speed Star Co. and affiliate applying self bankruptcy

Speed Star Co., manufacturer of aluminum wheel production (Osaka
prefecture Yao city, President Masanobu Hamada) with its sales arm,
Speed Star Sales (Osaka city, President Nobuko Hamada) on the 27th,
self bankruptcy was applied for in the Osaka district court. Debt
total was registered as 67 hundred million yen (~$60 million USD)
Speed Star Co. cites increasing overseas competition as factors to its
declining sales, and as a result applied self bankruptcy to itself and
also Speed Star Sales Co. (13:01)
kitwetzler is offline  
Reply Like
Old 01-29-2005, 11:03 PM
  #2  
Registered User

 
Nobody's Avatar
 
Join Date: Aug 2001
Location: Bay Area
Posts: 2,776
Likes: 0
Received 2 Likes on 2 Posts
Default
Too bad--they make good rims.
Nobody is offline  
Reply Like
Old 01-30-2005, 01:08 PM
  #3  
Registered User

 
stocky's Avatar
 
Join Date: Sep 2001
Location: the tracks around Europe
Posts: 6,465
Received 0 Likes on 0 Posts
Default
And I wired almost 12000 Euros some weeks ago for a larger order!
stocky is offline  
Reply Like
Old 01-30-2005, 03:22 PM
  #4  
Former Moderator

 
turbo_pwr's Avatar
 
Join Date: Oct 2000
Location: Paradise Valley, AZ miss NYC
Posts: 13,831
Likes: 0
Received 1 Like on 1 Post
Default
Don't most companies in Japan get bailed out by the gov't? Actually doesn't that happen in the US too?
turbo_pwr is offline  
Reply Like
Old 01-31-2005, 07:29 AM
  #5  
Registered User
 
pills_PMD's Avatar
 
Join Date: Jun 2004
Location: white lake/East lansing
Posts: 57
Likes: 0
Received 0 Likes on 0 Posts
Default
uh oh!! i better get those professors now.
pills_PMD is offline  
Reply Like
Old 01-31-2005, 10:34 AM
  #6  

 
JSR_AP2's Avatar
 
Join Date: Dec 2004
Posts: 1,139
Likes: 0
Received 0 Likes on 0 Posts
Default
Wow, and I thought they were doing quite well. I love their GT2 wheel...too bad I don't have money to get a set now.
JSR_AP2 is offline  
Reply Like
Old 01-31-2005, 12:03 PM
  #7  

 
Driv300mph's Avatar
 
Join Date: Jan 2004
Location: Little Elm, TX
Posts: 3,316
Received 1 Like on 1 Post
Default
Nooo... not the Competitions!
Driv300mph is offline  
Reply Like

Trending Topics

Old 02-01-2005, 10:22 AM
  #8  
Registered User
 
SpoonS's Avatar
 
Join Date: Nov 2002
Location: MIAMI
Posts: 1,789
Likes: 0
Received 0 Likes on 0 Posts
Default
PROFESSORS are gonna be a very rare wheel in a couple years in this case
SpoonS is offline  
Reply Like
Old 02-01-2005, 07:28 PM
  #9  
Registered User
 
CrazyPhuD's Avatar
 
Join Date: Jan 2004
Location: SF, California
Posts: 3,759
Likes: 0
Received 0 Likes on 0 Posts
Default
It is extremely unlikely that any popular wheel would be affected by this. IF the worst happens then they would get liquidated the popular wheel designs would be bought and produced by someone else.

Really this is probably no big deal....companies operate under bankruptcy all the time. Hell United has been in bankruptcy for how long now?
CrazyPhuD is offline  
Reply Like
Old 02-01-2005, 07:34 PM
  #10  
Registered User
 
dave22's Avatar
 
Join Date: Feb 2002
Location: Virginia Beach, VA
Posts: 13,065
Likes: 0
Received 0 Likes on 0 Posts
Default
I blame Rota.
dave22 is offline  
Reply Like



Advanced Search
Quick Reply: SSR Japan Bankrupt?


Reply Closed Thread Share

All times are GMT -8. The time now is 08:22 AM.