GReddy Performance Products Inc., Parent Company Successfully Undergoes Reorganization Through Minji-Saisei-Hou, Japanese Equivalent of U.S. Chapter 11 Filing

IRVINE, CA
MARCH 11, 2009

GReddy Performance Products, a California Corporation, has announced that its parent corporation, TRUST Co. LTD, has successfully completed reorganization through Minji-saisei-hou in Tokyo, Japan, the U.S. equivalent of a Chapter 11 reorganization plan.

TRUST President Masaru Ikeda said, “At the official Creditor’s Meeting on March 11th at the Superior Court of Tokyo, TRUST’s reorganization plan was overwhelmingly approved. We are aware there are companies in virtually every industry facing financial challenges, and are fortunate that through a combination of sound leadership, perseverance and the much appreciated cooperation and support from our customers and partners, TRUST was able to complete its reorganization in such a short time. On behalf of TRUST Co., LTD, I want to express my deepest appreciation for all of the years of continued support from our customers. We truly value our relationships and look forward to continuing them for many years to come.”

Stated GReddy Performance Product’s Kenji Sumino, ìNow that TRUST’s reorganization plan has been approved, GReddy Performance Products is working hard to follow suit in the United States. We are very pleased with the outcome of TRUST’s restructuring efforts and are optimistic and confident that GReddy will successfully emerge from Chapter 11 in the next couple of months as a proven leader in the high performance automotive parts industry.”

Throughout the pendency of TRUST’s reorganization, there has been no disruption in the supply of innovative products to GReddy Performance Products Inc., USA. GReddy continues to stock an excellent and complete inventory of products, which has allowed GReddy to maintain a 90% fill rate on orders, a number hardly matched in today’s changing marketplace.

ABOUT GREDDY PERFORMANCE PRODUCTS

GReddy Performance Products (GPP) was founded in 1977 and is driven by a vision to develop products that reliably increase vehicle performance. At GReddy, the spirit of constant evolution is evident in every product we offer, with extensive applications over a broad product range to accommodate most popular vehicles. GReddy Performance Product’s corporate U.S. office is in Irvine, CA. GPP is a division of TRUST Co. LTD., Japan, a leading worldwide supplier of high performance automotive products.
GReddy: (949) 588-3800, www.greddy.com.

CYPRESS, CA, March 9, 2009 –

Mitsubishi Motors’ zero-emission urban transport solution, the pure-electric i-MiEV, was named today as one of the top three contenders in the prestigious World Green Car of the Year competition. The innovative i-MiEV was chosen from a list of five first-round finalists-pared from an original list of more than 20 cars-by an international panel of 59 automotive journalists. The winner will be announced at the New York International Auto Show on April 9, 2009.

Mitsubishi’s combined expertise with automobiles and electronics strengthens its ability to create innovative transportation solutions. The i-MiEV is an important and timely example of what is possible from Mitsubishi going forward.

To be eligible for the 2009 World Green Car of the Year award, a vehicle had to be available in at least one major market during 2008. The vehicle could be in production or an experimental prototype with potential near-future application, provided that it was released for individual or press fleet evaluations in quantities of 10 or more during 2008. Tailpipe emissions, fuel consumption and use of a major advanced power plant technology (beyond engine componentry) aimed specifically at increasing the vehicle’s environmental responsibility, were all taken into consideration.

Scheduled to go on sale in the Japanese market this summer and currently undergoing U.S. testing with Pacific Gas and Electric and Southern California Edison, the i-MiEV offers an intelligent combination of useful performance with small physical and carbon footprints, plus a roomy interior for four adults and a sensible range of upwards of 100 miles from its advanced lithium-ion battery pack.

The lithium-ion battery pack consists of 22 modules, each one consisting of four cells that can be installed in either a vertical or transverse position under the i-MiEV’s floor. The high-performance batteries are manufactured by Lithium Energy Japan, a joint venture of GS Yuasa, Mitsubishi Corporation and Mitsubishi Motors.

Flexible charging scenarios allow fast re-charging, requiring just 30 minutes to reach 80 percent of battery capacity. Its onboard charger also conveniently handles 110 or 220V for at-home charging.

Joining the Mitsubishi i-MiEV as finalists are the Honda FCX Clarity and Toyota iQ.

CYPRESS, Calif., March 4, 2009 –

Mitsubishi Motors continues to deliver uncompromising performance and industry-leading technology to consumers, capturing prestigious awards along the way. The latest honor comes from the independent Automobile Journalists Association of Canada (AJAC), which recently named Mitsubishi’s advanced Super All-Wheel Control (S-AWC) system as the “Best New Technology” for 2009 and is standard on the acclaimed Mitsubishi Lancer Evolution.

“Mitsubishi’s grasp of advanced all-wheel drive technology comes in part from many successful years in the Dakar and World Rally Championship where the demands far exceed those for a street car,” said Mitsubishi Motors North America Executive Vice President of Operations John Koenig. “The best news is that so much of what we’ve learned from rally competition works to our advantage on the streets and circuit as well.”

The Mitsubishi S-AWC system was chosen from a list of seven entries for the “Best New Technology” award, and judged by a panel of AJAC members with specific technical qualifications who regularly report on industry engineering and technical trends.

“The AJAC Best New Technology award was established to allow a group of technical writers to identify new and innovative technologies of significant benefit to the consumer,” explained Canadian Car of the Year and Technology Award Chairman Richard Russell. “The significance of the Best New Technology award has been growing steadily over the past few years as has the degree of rigor to which entries are submitted.”

The S-AWC is not just another all-wheel drive system, but an advanced vehicle dynamics control system that reads and reflects driver intent in real time. S-AWC regulates drive torque at each wheel by controlling a network of dynamic handling technologies, including Active Center Differential (ACD), Active Yaw Control (AYC) rear differential, Active Stability Control (ASC) and Sport ABS brakes.

The ACD uses an electronically controlled hydraulic multi-plate clutch to vary the front/rear distribution of torque up to a ratio of 50:50 during acceleration and deceleration to improve overall traction and cornering.

The AYC rear differential enables the electronic control of torque between the left and right rear wheels to assist cornering. Importantly, AYC also limits the yaw moment acting on the vehicle as traction conditions change. The system also employs a helical-type limited-slip front differential that constantly biases torque to the wheel with more traction.

Mastered by the S-AWC system, ASC works in concert with Sport ABS to further control vehicle behavior by regulating torque transfer to each wheel through braking when necessary. ASC may also be turned off for track driving.

The entire system is enhanced by choosing one of three modes to match road surface conditions: tarmac, gravel or snow. When employed, these components allow for heightened safety and unparalleled driver control.

For a more detailed description of Mitsubishi’s S-AWC system: Click HERE

Subaru Rally Team USA driver Ken Block took the win at the Rally in the 100 Acre Wood in southern Missouri this weekend.

“I love the flow of the stages of this event,” said Block at the finish. “I love the high speeds.”

Block’s flat-out style is well-suited to this fast and flowing event and he’s proven tough to beat here. He and co-driver Alex Gelsomino have now won this event four times in a row.

NOS Energy’s Andrew Comrie-Picard finished in second place in his Mitsubishi Lancer Evolution IX after a tight battle with Rockstar Energy’s Tanner Foust in his new Mitsubishi Lancer Evolution X.

By midday on Saturday, Comrie-Picard and co-driver Robbie Durant led Foust and co-driver Chrissie Beavis by just a tenth of a second, but they extended the gap as the weather worsened during the final stages of the contest.

“I feel awesome,” said Comrie-Picard. “The car was perfect and our Yokohama winter tires gave us an edge when the snow started coming down.”

It was Foust and Beavis’ first event in their new Mitsubishi Lancer Evolution X and Foust said he was able to pick up the pace as he adjusted to the new car.

“It’s good to be on the podium,” said Tanner. “The car has great potential.”

After two rounds in the Rally America Championship, Comrie-Picard and Foust are now tied for the championship lead.

“It’s really exciting to be at the top of the points with Tanner – I’m really enthusiastic for this season,” said Comrie-Picard.

In fourth place overall were Bill Bacon and co-driver Peter Watt in their Mitsubishi Lancer Evolution IX, while Polish driver Andi Mancin and co-driver Maciej Wislawski rounded out the top five.

Former Production GT champion Matt Johnson and co-driver Jeremy Wimpey took the win in the popular new Super Production class, with a finish of sixth-place overall in their Subaru WRX.

“I love this event, it’s awesome,” said Johnson. “You just put the hammer down and hang on.”

The duo overhauled Subaru Rally Team USA’s Dave Mirra and co-driver Derek Ringer for the class win on the second day of the contest. Mirra and Ringer had a very strong start, running as high as third place overall early in the rally.

Super Production is a new class for 2009 that features minimally modified, production-based cars.

The two-wheel drive win went to Burak Tuglu and co-driver Carrie Wilburn in their 2001 Ford Focus.

Subaru Rally Team USA driver Travis Pastrana started strong but found himself out of the hunt after a rollover on Day 1. He and co-driver Christian Edstrom were unharmed, but were unable to continue. Pastrana had said earlier he was ready to win or crash trying to keep Block out of the top spot.

This event also serves as a Regional Rally championship event for 2008. Regional class champions from coast to coast are invited to race head-to-head in the foothills of the Ozarks for he Regional Rally Championship. In Open class, the winning driver was Arkadiusz Gruszka in his Mitsubishi Lancer Evolution IX, while the Group 2 winner was driver Chris Greenhouse in a Dodge Neon.

The rally took place through the scenic Ozark foothills of southern Missouri. The smooth gravel course is fast and flowing, and sees some of the highest speeds in the series.

The weather is the real wildcard at this contest and the 2009 running proved no exception. The warm, early spring temperatures that greeted competitors at the Friday start turned cold and there was blinding snow as teams crossed the finish line. The contest was ultimately cut short by the brutal weather; the final stage was cancelled after the conditions deteriorated so much that it was deemed impassable.

All results are considered provisional pending final administrative processes.

Rally car racing is considered the extreme sport of automobile racing and is often described simply as “real cars, real roads, real fast.” This all-season motorsport sees drivers and their co-drivers take modified road cars to the limit as they achieve blistering speeds over courses that cover more than 100 miles of gravel, dirt or snow-covered roads.

Top teams in the series are also invited to compete in the Summer X Games, the leading action sports event broadcast live on ABC and ESPN. Eight top teams have already been invited to this August’s contest.

Next, the championship moves west to Washington state for the Olympus Rally, April 18 – 19.

About Rally America
Based in Golden Valley, Minn., Rally America sanctions the premier rally racing series in the United States, the Rally America National Championship Series. In 2009, Rally America will conduct nine National Championship events at venues across the country, from Olympia, Wash., to Bethel, Maine.