Major auto parts maker First Brands Group, LLC. filed for bankruptcy protection over the weekend — revealing billions of mounting debt in the process. The auto parts manufacturing company filed for ...

First Brands Group Holdings has filed for Chapter 11 bankruptcy, capping weeks of turmoil sparked by creditor concern over the auto supplier’s use of opaque off-balance sheet financing. The Rochester ...

Motorists are being advised to consider deactivating a key safety system in their car during specific conditions. Traction control, which prevents skidding by curbing tyre spin, may be better switched ...

The engineering giant is hoping the job cuts will save €2.5bn as Europe’s car market crisis stretches on. Bosch will cut around 13,000 extra jobs at its auto-parts business by 2030, representing about ...

Troubled auto part supplier First Brands Group is preparing to file for bankruptcy as soon as next week and is looking to secure a loan of at least $1 billion to keep the business running while it ...

Troubled automotive parts maker First Brands Group is preparing to file for bankruptcy as soon as next week and is looking to secure a loan of at least $1 billion to keep the business running while it ...

When a bank lends you money to buy a house or a car, it looks at your overall finances. How much money do you make? How much debt do you have? How good have you been at paying off past debts? It's ...

It was always supposed to be this way. The initial template for electric cars was as small, light cars, decluttering and cleaning up our town centres. If you do 250km a week behind the wheel, range ...

Nobody was injured in a massive overnight fire that destroyed part of a Tillsonburg auto-parts plant, causing an estimated $10 million in damage and affecting at least 80 jobs, a fire official said ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Lenders to First Brands Group are rushing to shore up the car parts supplier as it prepares for bankruptcy, ...

(Bloomberg) -- Creditors to First Brands Group are tallying paper losses in the billions of dollars and trying to assess the widening damage from the unanswered questions swirling around the ...