SSR bankrupt?
02-02-2005, 06:23 AM
#1
SSR bankrupt?
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)
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)
02-02-2005, 07:28 AM
#3
Registered User
iTrader: (1)
Join Date: Sep 2004
Location: Harrisburg, PA
Posts: 157
Likes: 0
Received 0 Likes
on
0 Posts
SOB those knock off companies should be shot. I've owned 3 sets of SSR wheels in my lifetime and they quality is just unreal. Its a shame that lower quality wheels have taken the market away from higher end brands like SSR.
guess no SP1's for me!
02-02-2005, 11:08 AM
#7
Registered User
iTrader: (12)
Join Date: Jun 2003
Location: Little Rock
Posts: 2,332
Likes: 0
Received 0 Likes
on
0 Posts
oh please oh please let there be some discounted Comp-H's out there 
Maybe they should break away from Tire Rack and get a more dedicated distributor.
Skrill, your sig pic has had me lusting after some Comps.
Maybe they should break away from Tire Rack and get a more dedicated distributor.
Skrill, your sig pic has had me lusting after some Comps.
Trending Topics
02-02-2005, 11:58 AM
#8
Registered User
Join Date: Dec 2002
Location: South Bend, Indiana
Posts: 214
Likes: 0
Received 0 Likes
on
0 Posts
The facts are………..
SSR did file for protection from their creditors last Thursday. The company is currently closed for business.
There will be a period of company restructuring, we expect to learn the details of these actions within the next two weeks.
We are confident that SSR SSF production will be able to continue in the future.
SSR did file for protection from their creditors last Thursday. The company is currently closed for business.
There will be a period of company restructuring, we expect to learn the details of these actions within the next two weeks.
We are confident that SSR SSF production will be able to continue in the future.
02-02-2005, 12:06 PM
#9
Registered User
iTrader: (12)
Join Date: Jun 2003
Location: Little Rock
Posts: 2,332
Likes: 0
Received 0 Likes
on
0 Posts
to clarify my Tire Rack comment (since they're here and I actually like Tire Rack ), I see Mackin's 2 page Volk spreads in all the mags, whereas I hardly see SSRs really promoted. Since Tire Rack is the (mostly) exclusive distributor, that was the only basis for my comment.
Of course, 60 mil in the hole is probably more than distribution channel issues.
and I actually like Tire Rack ), I see Mackin's 2 page Volk spreads in all the mags, whereas I hardly see SSRs really promoted. Since Tire Rack is the (mostly) exclusive distributor, that was the only basis for my comment.Of course, 60 mil in the hole is probably more than distribution channel issues.
02-02-2005, 12:09 PM
#10
Registered User
Join Date: Dec 2002
Location: South Bend, Indiana
Posts: 214
Likes: 0
Received 0 Likes
on
0 Posts
and if it weren't for The Tire Rack SSR would have little to know following in the States .... they were virtually unheard of before us .... If you don't see the product promotion you need to look a little harder ... check out C&D, R&T, MT and not just the Tuner mags ... which we are also in
02-02-2005, 12:58 PM
#12
Registered User
Join Date: Jun 2004
Location: Nashville, TN
Posts: 455
Likes: 0
Received 0 Likes
on
0 Posts
Thanks Luke
I am very pleased with the SSR and Kuhmo tire/wheel package you set me up with. I turned my tires around and now I have plenty of shoulder to wear away. I will probably get a total of 9-10 track days with the tires -- which I think is pretty good.
I will likely be calling you this Spring for some new Kuhmos.
I am very pleased with the SSR and Kuhmo tire/wheel package you set me up with. I turned my tires around and now I have plenty of shoulder to wear away. I will probably get a total of 9-10 track days with the tires -- which I think is pretty good.
I will likely be calling you this Spring for some new Kuhmos.
02-02-2005, 02:20 PM
#14
Registered User
Join Date: Nov 2003
Location: Southern California
Posts: 118
Likes: 0
Received 0 Likes
on
0 Posts
Damn and I have an order in with Tirerack for SSR professors and only waiting for the front wheels to arrive in about 3 weeks. That is, rears where in stock 
How long before I get a notice on this?
How long before I get a notice on this?
02-03-2005, 11:07 AM
#17
Registered User
Join Date: Apr 2003
Location: OC, CA.
Posts: 954
Likes: 0
Received 0 Likes
on
0 Posts
Thank GOD I already have my SP1.
Shoot, this is what those knock off company do to a decent company like SSR.
If cosumers kept buying knock off with low low price, pretty soon the real wheel companies will go out of business. Who knows, maybe one day we will see Volk racing and Enkei go out of Business too.
I think we should say "NO" to knock off wheels.
Shoot, this is what those knock off company do to a decent company like SSR.
If cosumers kept buying knock off with low low price, pretty soon the real wheel companies will go out of business. Who knows, maybe one day we will see Volk racing and Enkei go out of Business too.
I think we should say "NO" to knock off wheels.
