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)

 

Too bad--they make good rims.

 

And I wired almost 12000 Euros some weeks ago for a larger order!

 

Don't most companies in Japan get bailed out by the gov't? Actually doesn't that happen in the US too?

 

uh oh!! i better get those professors now.

 

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.

 

Nooo... not the Competitions!

 

PROFESSORS are gonna be a very rare wheel in a couple years in this case

 

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?

 

I blame Rota.