The New York Times

Founder of First Brands, Whose Bankruptcy Spooked Wall St., Is Indicted on Fraud Charges

Patrick James, who was earlier ousted from the beleaguered auto-parts maker, is accused by federal prosecutors of faking invoices and lying about hidden debt for years. By Rob Copeland Federal ...
BizTimes

EV battery parts maker plans $72 million investment to open Mount Pleasant facility

Subscribe to BizTimes Daily – Local news about the people, companies and issues that impact business in Milwaukee and Southeast Wisconsin. A Chinese company that manufactures parts for electric ...
The New York Times

First Brands’ C.E.O. Steps Down, While Its Accounting Is Questioned

The auto-part maker’s bankruptcy has rocked Wall Street and revealed trouble in the private credit markets. By Ryan Mac The embattled chief executive of First Brands, an American auto-parts maker that ...
Law

EEOC Suit Alleges Auto Parts Maker Favored Male Apprentices

The agency brought its case on behalf of Rhonda Mitchell, who alleges her supervisor at Autokinition told her she could not do the same work as men and instead assigned her menial tasks. The U.S.
The Business Journals

Longtime Broward auto parts maker to close, lay off workers

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min A long-standing automotive parts ...
Crain's Detroit

Auto parts maker files for bankruptcy after weeks of lender scrutiny

Gift Article 10 Remaining As a subscriber, you have 10 articles to gift each month. Gifting allows recipients to access the article for free. First Brands Group Holdings has filed for Chapter 11 ...
Crain's Detroit

Auto parts maker prepares to file for Chapter 11 bankruptcy

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 ...
Post and Courier

Auto parts maker announces a $55.4M expansion of one of its Upstate plants, adding 30 jobs

SPARTANBURG — A Germany-based auto parts maker will expand its Upstate footprint with a $55.4 million investment that is expected to create 30 jobs, state officials announced Sept. 23. ZF Chassis ...
Transport Topics

Auto Parts Maker First Brands Mulls Bankruptcy

First Brands Group, the auto parts maker facing a growing wave of doubts about its finances and earnings statements, is discussing options with its creditors for restructuring its $6 billion debt load ...
Wall Street Journal

Battery-Part Maker Entek Agrees to Sell Majority Stake to I Squared

Battery-part maker Entek Technology has agreed to sell a majority stake to investment-firm I Squared Capital, which also plans to invest in the company’s planned factory in Indiana. The deal was ...
Bloomberg L.P.

German Auto Parts Maker ZF Preps Upsized $1.25 Billion Bond

German auto-parts maker ZF Friedrichshafen AG has increased the size of a planned bond sale by $500 million to $1.25 billion, highlighting investors’ appetite for credit despite pressures on the ...