National Speed News: Greddy Bankrupt, Turbonetics no longer selling turbo kits, Women Love High Performance, and more!

News : September 12, 2008

Here’s the news that’s breaking so fast we drove our news van into the wall just to get it to you.

According to recent financial reports, Greddy, one of the biggest names in performance parts recently announced they’re declaring bankruptcy. Autoblog reports that this is due to a steady decline in the Japanese performance parts market as well as Greddy’s mounting financial woes. The company is currently $60 million in debt.

Greddy isn’t the only one having issues as our sources within Turbonetics have stated that Turbonetics will no longer be selling turbo kits. At present the only turbo kit they’ll continue to sell is for Mustangs. The company is also planning on phasing out its line of intercoolers with the exception of the diesel side of their business.

Wired wrote a great article stating that British insurance company Hiscox recently conducted a study proving that high-performance cars turned women on more than fuel-efficient vehicles. Well, duh. Not to say we told you so, but we did. The study involved playing sound clips of high performance cars and fuel efficient cars revving their engines — no one preferred the sound of a fuel efficient car.

The latest trailer for the next awkwardly titled James Bond flick, Quantum of Solace, has made its online debut. Check it out to see the Aston Martin DB7 in action. Man is that a sweet car.