First Brands Files for Bankruptcy

[jroyk]

Don't care about most of these except for Michelin.

Auto Parts Maker First Brands Prepares for Bankruptcy Filing - TT

 

[1971demon]

Don't care about most of these except for Michelin.

Auto Parts Maker First Brands Prepares for Bankruptcy Filing - TT

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Pretty big privately owned business...like to see what that restructure is going to look like...brands will fall that's for sure..

 

[jroyk]

Pretty big privately owned business...like to see what that restructure is going to look like...brands will fall that's for sure..

Just about every brand they bought took a big QC hit after their acquisition. Some say, services them right.

 

[vortecd]

Most of those companies will probably keep running. Think the axle I put in the jeep this year was cardone

 

[1971demon]

Most of those companies will probably keep running. Think the axle I put in the jeep this year was cardone

Not sure about that....that will be up to the Bankruptcy court...after all they (and any secured creditors) will first have to agree to the re organization plan...which no doubt will include some sort of divestitures...some brands might be sold off..and some may just fall by the way side..or worse case scenario...forced into chapter 7...and a liquidation of assets...time will tell

 

[SilverBillet]

I can’t believe Michelin is part of a group!

 

[jroyk]

I can’t believe Michelin is part of a group!

It surprised me, too.