First Brands lenders balk at second lifeline, explore liquidation

Top lenders to the auto-parts supplier are resisting a second loan sought by the company after the original bankruptcy ...

First brands to wind down key units as it seeks buyers amid bankruptcy crisis

Jan 26 (Reuters) - First Brands said on Monday it has begun winding down parts of its North American operations, including ...
CarBuzz

First Brands Bankruptcy Kills Three Major Auto Parts Companies

Due to the bankruptcy trouble First Brands is in, the company is winding down some of its operations in the US. Now, we know ...
Crain's Cleveland Business

First Brands to end operations of three key units as it pursues sales of others

First Brands Group LLC, the Cleveland-founded global automotive parts supplier that in late September filed for Chapter 11 bankruptcy protection, said it has started "a wind down" of some of its North ...
Crain's Cleveland Business

First Brands lenders weigh scrapping firm after Cleveland trip

As restructuring advisory firms in Manhattan tallied their fees from untangling the First Brands wreckage, some of its ...

Ford and General Motors in talks with First Brands over rescue financing

First Brands makes important components for Ford and GM, including windscreen wiper parts for the F-150, Ford’s best-selling ...

Ford, GM Step In to Fund First Brands as Lenders Balk

After struggling to obtain new money from its top lenders, the bankrupt auto-parts supplier said it has secured prepayments ...
Modern Distribution Management

Auto Parts Supplier First Brands Winding Down Brake Parts, Cardone and Autolite Units

The bankrupt company said it has begun winding down parts of the business as part of its Chapter 11 restructuring, while ...

First Brands Group Commences Wind Down of North American Brake Parts Inc., Cardone, and Autolite Business Units

All Other Business Units Continue to Operate as Company Pursues Strategic Sale Transactions Across Its Portfolio of Market-Leading Products and Brands ...

First Brands' lenders oppose $700 million loan request, push for asset liquidation, WSJ reports

Jan 26 (Reuters) - First Brands' top lenders, including distressed-debt investors King Street Capital Management and Mudrick ...

Bankrupt Supplier Killing Off Autolite And Other Brands

Three major auto parts brands are being killed off amid bankruptcy, as mounting lawsuits and failed sales mark the collapse ...

First Brands Sues Founder’s Brother, Largest Creditor for Fraud

Bankrupt auto-parts maker First Brands Group has sued Edward James — its former executive and the brother of company founder Patrick James — and its largest creditor Onset Financial for conspiring “to ...