Auto-part supplier First Brands Group LLC is preparing to enter bankruptcy with no restructuring plan in place, a sign of how quickly the Rochester Hills-based company’s fortunes are unraveling, ...
Bankrupt aftermarket auto parts supplier First Brands Group announced the hiring of three veteran automotive executives as it attempts to recover from alleged financial fraud and operational collapse.
If you wander into an auto parts store, there are lots of aftermarket brands to choose from. These parts are often cheaper than those you'd get from an automaker, and if you have an older vehicle, ...
Sept 25 (Reuters) - Rating agency Fitch said on Thursday it was downgrading automotive parts maker First Brands Group's long-term issuer default rating to "CCC" from "B" amid concerns the company ...
Auto part supplier First Brands Group is preparing to enter bankruptcy with no restructuring plan in place, a sign of how quickly the company’s fortunes are unraveling, according to people familiar ...
Major auto parts maker First Brands Group, LLC. filed for bankruptcy protection over the weekend — revealing billions of mounting debt in the process. The auto parts manufacturing company filed for ...
First Brands Group Holdings has filed for Chapter 11 bankruptcy, capping weeks of turmoil sparked by creditor concern over the auto supplier’s use of opaque off-balance sheet financing. A group of ...
NEW YORK, Oct 14 (Reuters) - The bankruptcies of U.S. auto parts supplier First Brands and car dealership Tricolor have prompted soul searching on Wall Street, with JPMorgan Chase saying it ...
A key supplier to Nissan and Jeep owner Stellantis filed for bankruptcy protection, marking one of the first big companies to collapse under the weight of the Trump administration’s tariffs. Marelli, ...
Ian Wright joined CarBuzz as an automotive journalist and photographer in 2018. His career started with specialist publications, covering everything from Harley-Davidson to Ferrari. Before writing for ...