Auto Parts Supplier First Brands Group Files for Bankruptcy

Date:

Auto Parts Supplier First Brands Group Files for Bankruptcy

Arrow points to the U.S. District Bankruptcy Court for the Southern District of New York in Manhattan, on Jan. 9, 2020. Brendan McDermid/Reuters

The supplier of some of the automotive industry’s most well-known aftermarket parts has filed for Chapter 11 bankruptcy protection in Houston.

Privately held First Brands Group of Rochester, Michigan, on Sept. 29 filed for bankruptcy in the Southern District of Texas in order to stabilize its business operations and maximize ongoing value, the company said.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Trump Threatens 100 Percent Tariff on French Wines Over Digital Services Tax

Bottles of French wine are displayed in a store...

Beijing Uses Human Rights Forum to Distort Norms, Mask Repression, US Says

The U.S. State Department has criticized Beijing’s recent human...

US Property Foreclosure Filings Increase 14 Percent Year Over Year

A sign advertising refinancing services is posted in a...

More Than 5,000 Pounds of Cocaine Captured, 11 Smugglers Arrested in Marine Interceptions

U.S. authorities partnered with foreign partners to recover 783...