First Brands bankruptcy

[volksworld]

I've got no clue how to post a link, but here's the general jist...First Brands is 6 billion in debt...filed 9/25...they own Raybestos, Centric, Carlson brake hardware, Fram, Anco and Trico, Airtex and Carter pumps, Autolite plugs, Cardone new and reman, Reese and Drawtite towing, Strongarm lift supports, Phillips lighting and more than a few other brands...oh boy

 

[300rag]

US auto parts supplier files Chapter 11 bankruptcy; 'billions in debt'

You may not know the company's name (or really its many names) but its parts are crucial to your car.

www.thestreet.com

First Brands cash crunch intensified after creditor seized funds

Growing financial strains at US auto parts supplier pushes group closer to bankruptcy

www.ft.com

 

[67newport]

https://bobistheoilguy.com/forums/threads/first-brands-fram-bankruptcy.399984/

 

[Big_John]

Since it's chapter 11, I bet you will see them selling off some of the brands.

This is going to be interesting to see what happens, but I will predict that parts for older applications are going to be a real low priority... and may even go away.