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Auto-Parts Supplier First Brands Files for Bankruptcy

Bloomberg•Monday, September 29, 2025 at 5:04:48 AM
NegativeFinancial Markets
Auto-Parts Supplier First Brands Files for Bankruptcy
First Brands Group Holdings, a major auto-parts supplier, has filed for Chapter 11 bankruptcy in Texas, revealing liabilities that could range from $10 billion to $50 billion. This significant financial setback highlights the challenges faced by companies in the auto industry, particularly in a volatile market. The outcome of this bankruptcy could impact suppliers, manufacturers, and consumers alike, making it a crucial development to watch.
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