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First Brands: why a maker of spark plugs and wiper blades has Wall Street worried
Yahoo Finance· 2025-10-10 18:00
Autolite spark plugs at an auto parts store in Memphis.Photograph: Houston Cofield/Bloomberg/Getty Images Financial problems at the maker of spark plugs, wiper blades, brake calipers, brake shoes, tow hitches and motor oil has caused intense anxiety on Wall Street in recent weeks. Car parts are not usually something that causes finance chiefs to lose much sleep. But the potentially multibillion-dollar financial crisis surrounding First Brands has them rattled. As ever in finance, it’s what investors don’ ...
Goldman Has ‘Serious Doubts’ First Brands Will Avoid Bankruptcy
Yahoo Finance· 2025-09-25 04:52
The Goldman Sachs headquarters in New York. Analysts on a Goldman Sachs Group Inc. trading desk have told clients they have “serious doubts” that the auto-parts supplier First Brands Group will be able to avoid bankruptcy. Most Read from Bloomberg In a note on Wednesday morning, the analysts expressed concern about First Brands’ financing arrangements, some of which carry interest rates north of 30%, according to a copy of the message seen by Bloomberg. The analysts wrote that their research was based on ...