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Reports from Taiwan say that high-end third-party fabricator MT Racing Inc. ceased trading on first day of the year of the dog.

MT Racing of Taiwan shuts up shop

MT Racing of Nan Tsun Road, Houli Hsiang, Taichung, Taiwan, was founded in 1975 and had 120 employees.

According to Taiwan-based Steve Fenton, MT Racing was folded on Friday, the first trading day of the new lunar year.

Russell Merry of Hot Wheels International said:

"We dealt with them. Nice people, good quality, but poor communication and delivery."

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