Advance Auto Parts (AAP) is back in the black after recent restructuring moves. The company has revised its earnings outlook as it factors in higher net interest costs from a new debt offering.
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The sudden financial collapse of this big auto parts firm points to the next market meltdown
First Brands accumulated billions of dollars in debt, without the lenders knowing much about it. Is a stock market implosion ...
Zacks Investment Research on MSNOpinion
2 Auto Parts Retailers That Could Outperform Despite Pressure
The Zacks Automotive - Retail and Wholesale - Parts industry is facing challenges at the moment. After a strong third quarter ...
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 ...
Who is First Brands Group? First Brands Group produced OE aftermarket parts for many of the well-known brands you see on your local auto parts store shelves. Needed a filter? You probably bought one ...
Genuine Parts incurred $49 million in after-tax expenses or 36 cents per share, tied to restructuring efforts aimed at streamlining operations. Automotive sales rose 5% on year, primarily due to ...
US auto parts maker First Brands filed for Chapter 11 bankruptcy, burdened by over $6 billion in debt from acquisitions, securing $1.1 billion in financing. This move, alongside affiliated ...
Ian Wright joined CarBuzz as an automotive journalist and photographer in 2018. His career started with specialist publications, covering everything from Harley-Davidson to Ferrari. Before writing for ...
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 ...
My name is Anna. I'm from out of state. I left my lights on overnight. I'm out of money and I needed a new battery and lo and behold my battery was still under warranty and they brought it to my ...
Auto-part supplier First Brands Group LLC is preparing to enter bankruptcy with no restructuring plan in place, a sign of how quickly the Rochester Hills-based company’s fortunes are unraveling, ...
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