First Brands auto part files bankruptcy.
- Thread starter Mr Boochie
- Start date
Register to hide this ad
Blue Shadow
Waiting for Vintage Gear from this century
The experience I had with some Raybestos brake pads could explain their difficulties in the market.
Neighbor had Firestone do her brakes, brand new Raybestos and the car damn near would not stop. It for sure would not engage antilock. I swapped out the pads for real, working brake pads and all was good, abs engaging as it should. That and ownership fraud leads to dissolution of the company.
Neighbor had Firestone do her brakes, brand new Raybestos and the car damn near would not stop. It for sure would not engage antilock. I swapped out the pads for real, working brake pads and all was good, abs engaging as it should. That and ownership fraud leads to dissolution of the company.
Also, this:
"First Brands Group founder Patrick James and his brother Edward were indicted in January 2026 for a long-running, multi-billion dollar fraud scheme that caused the automotive supplier's collapse into bankruptcy in September 2025. The brothers allegedly inflated invoices, falsified financial records, and double-pledged $2.7 billion in collateral to lenders."
"First Brands Group founder Patrick James and his brother Edward were indicted in January 2026 for a long-running, multi-billion dollar fraud scheme that caused the automotive supplier's collapse into bankruptcy in September 2025. The brothers allegedly inflated invoices, falsified financial records, and double-pledged $2.7 billion in collateral to lenders."
Creative accounting, at its worst.
