Bankrupt auto parts maker First Brands is close to a settlement with its creditors, seeking to wind down most of its operations while teeing up separate sales for four of its business lines that are being funded by customers such as Ford and General Motors , a company attorney said Friday.
First Brands has been unable to find a buyer for the whole company, after lenders, customers and potential buyers learned of the extent of alleged fraud in the company’s pre-bankruptcy lending agreements and financial statements, company attorney Mat… [2784 chars]
Source: Reuters | Published: 2026-02-27T16:47:10Z
Credit: Reuters
