First Brands

[john70t]

$9.3B in debt. Gets $1.1B loan. Billions supposedly missing.
Founder and former CEO accused of fraud.

The aftermarket parts dealers, DIY'ers, and indy shops will all be looking at higher prices.

https://www.theautopian.com/first-brands-group-chapter-11/
First Brands is pretty huge. In addition to owning Fram filters and Raybestos brakes, the group also owns brake brands Centric, Carlson, and International Brake Industries, towing equipment brands Bargman, Bulldog, Draw-Tite, Fulton, Reese, Tekonsha, Wesbar, and the towing division of Westfalia. It also owns windshield wiper brands Anco, and Trico, holds the licence for Michelin wiper blades, owns remanufactured parts giant Cardone, lift support brand Strong-Arm, and the LED division of Philips, along with Airtex, Autolite, Carter, Luberfiner, Hopkins, and Petroclear.

If you own an older car with third-party parts on it, there’s a good chance at least one of them was manufactured by or for First Brands.