First Brands Bankruptcy Sparks Industry-Wide Financial Concerns
First Brands Group, owner of brands like Fram and Raybestos, has filed for Chapter 11 bankruptcy, which could reduce the availability and increase the cost of aftermarket auto parts, though the company continues to operate and supply parts not directly to automakers. The bankruptcy stems from financial struggles exacerbated by global economic factors and tariffs, highlighting potential disruptions in auto parts supply chains.