Hemmings on MSN

The collapse of an empire: How the First Brands Group bankruptcy is reshaping the auto industry

The automotive aftermarket is currently weathering a seismic shift as First Brands Group, LLC navigates a chaotic and increasingly contentious Chapter 11 bankruptcy. This financial crisis has placed ...
GM Authority

GM Held ‘Urgent’ Supplier Meeting Over First Brands Bankruptcy Exposure

GM held what is characterized as an urgent call with suppliers last week to address potential exposure tied to the bankruptcy ...
Bloomberg L.P.

First Brands’ Loans Drop After Finance Units File Bankruptcy

A bankruptcy filing from a group of companies related to ailing First Brands Group LLC triggered another drop in the value of the auto-parts suppliers’ loans. First Brands’ term loan due in 2027 fell ...

First Brands Mulls Placing Some Units Into Chapter 7 Liquidation

First Brands Group and some of its creditors are weighing a shift of some of its units into the Chapter 7 bankruptcy liquidation process as the company runs low on cash, according to people familiar ...
Business Wire

First Brands Advances Business Stabilization Initiatives and Long-Term Paths to Create Value and Drive Growth

Executing significant performance improvement opportunities, including targeted cost reductions, supply chain enhancements, and category-specific profitability initiatives. These efforts, guided by ...
Crain's Detroit

Auto parts maker prepares to file for Chapter 11 bankruptcy

Troubled automotive parts maker First Brands Group is preparing to file for bankruptcy as soon as next week and is looking to secure a loan of at least $1 billion to keep the business running while it ...