Missing Billions and a Secretive CEO: The First Brands Bankruptcy
The Journal. · The Wall Street Journal & Spotify Studios
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Show Notes
Auto-parts maker First Brands Group, the company behind products like Autolite spark plugs and Fram oil filters, declared bankruptcy last month. Court filings have revealed a trove of irregularities and a $2 billion dollar hole. WSJ’s Alexander Gladstone says the bankruptcy is having an impact on the company’s lenders and on Wall Street. Ryan Knutson hosts.
Further Listening:
- Trump’s Tariffs Cause Chaos in Auto Industry
- How Spirit Airlines Landed in Bankruptcy
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