
The First Brands bankruptcy announcement surprised pretty much everyone not directly in the loop about the conglomerate’s financial standing. Most people didn’t even know First Brands existed until this news came out, but just about everyone recognizes at least one company in its aftermarket auto parts portfolio. If things go south, it could have a big impact on the world of auto repair. And as more information filters out, it sounds like the road to recovery will be extremely difficult, if it’s even possible.
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