Federal prosecutors allege the founders of auto parts giant First Brands Group ran a Ponzi-like scheme, defrauding lenders of ...

Prosecutors say First Brand founder Patrick James and his brother Edward James, a high-level executive, James used fake invoices and inflated assets to fleece lenders out of billions before 2025 ...

Autolite, Cardone, and Raybestos are the first casualties of the sprawling First Brands collapse.

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Chip Stapleton is a Series 7 and Series 66 license holder, CFA Level 1 exam holder, and ...

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 ...

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 ...

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 ...

NEW YORK (Reuters) -U.S. auto parts maker First Brands filed for bankruptcy protection on Monday after disclosing liabilities exceeding $10 billion, marking the collapse of a company whose rapidly ...

The NASCAR O’Reilly Auto Parts Series hits the starting line Feb. 14, 2026, and airs exclusively on The CW Network. DAYTONA BEACH, Fla. (Aug. 18, 2025) — In an evolution of O’Reilly Auto Parts’ ...

This story was originally published on June 27 by our partners at APM Research Lab. President Donald Trump made economic waves earlier this year when he announced a 25% tariff on imported automobiles ...