Fram bankruptcy

[CJPJ]

Bankruptcy results in layoffs for 302 Greenville workers

Greenville manufacturer to lay off 300+ workers.

www.daytondailynews.com

 

[Green Maned Lion]

Bankruptcy results in layoffs for 302 Greenville workers

Greenville manufacturer to lay off 300+ workers.

www.daytondailynews.com

People aren’t willing to pay more to buy American.

 

[CJPJ]

You can share information with people, but understanding it is up to them.

People aren’t willing to pay more to buy American.

First Brands Group, a major automotive parts manufacturer, filed for Chapter 11 bankruptcy protection on September 28, 2025, amid massive liabilities exceeding $10 billion and allegations of fraud against its former executives, including founder Patrick James and his brother Edward. The company, which reported around $5 billion in annual sales, had only about $12 million in cash at the time of filing, leading to ongoing restructuring, plant closures, and significant layoffs across multiple states, including over 1,200 jobs in Ohio alone and additional cuts in Texas. 27 Prosecutors allege a years-long scheme involving fake invoices, double-pledged collateral, and money laundering that contributed.
As part of the bankruptcy process, First Brands has been unable to secure funding for several business units, resulting in the wind-down of operations for Brake Parts Inc. (including Raybestos), Cardone, and Autolite as of January. This has upended supply chains and availability for those brands. Other brands under First Brands remain operational but face uncertainty due to ongoing closures and sales efforts.
The company owns or controls numerous well-known aftermarket automotive brands, many of which are affected by the bankruptcy through potential disruptions, wind-downs, or restructuring. Here's a list of key name brands impacted:
Fram (oil and air filters): As a core brand, it's facing operational challenges from plant closures and the overall financial
Autolite (spark plugs): Being wound down entirely, with production
Raybestos (brake components, under Brake Parts Inc.): Operations are shutting.
Cardone (remanufactured parts): Also in wind-down.
StopTech (performance brakes): Affected by broader Brake Parts Inc. issues.2e51b6
TRICO (wiper blades): Potential supply issues.
ANCO (wiper blades): Similar impacts as TRICO

 

[Green Maned Lion]

You can share information with people, but understanding it is up to them.

First Brands Group, a major automotive parts manufacturer, filed for Chapter 11 bankruptcy protection on September 28, 2025, amid massive liabilities exceeding $10 billion and allegations of fraud against its former executives, including founder Patrick James and his brother Edward. The company, which reported around $5 billion in annual sales, had only about $12 million in cash at the time of filing, leading to ongoing restructuring, plant closures, and significant layoffs across multiple states, including over 1,200 jobs in Ohio alone and additional cuts in Texas. 27 Prosecutors allege a years-long scheme involving fake invoices, double-pledged collateral, and money laundering that contributed.
As part of the bankruptcy process, First Brands has been unable to secure funding for several business units, resulting in the wind-down of operations for Brake Parts Inc. (including Raybestos), Cardone, and Autolite as of January. This has upended supply chains and availability for those brands. Other brands under First Brands remain operational but face uncertainty due to ongoing closures and sales efforts.
The company owns or controls numerous well-known aftermarket automotive brands, many of which are affected by the bankruptcy through potential disruptions, wind-downs, or restructuring. Here's a list of key name brands impacted:
Fram (oil and air filters): As a core brand, it's facing operational challenges from plant closures and the overall financial
Autolite (spark plugs): Being wound down entirely, with production
Raybestos (brake components, under Brake Parts Inc.): Operations are shutting.
Cardone (remanufactured parts): Also in wind-down.
StopTech (performance brakes): Affected by broader Brake Parts Inc. issues.2e51b6
TRICO (wiper blades): Potential supply issues.
ANCO (wiper blades): Similar impacts as TRICO

Sure, and to my recollection both Fram and Autolite are toxic as brands. The company is failing due to incompetence. What else do you want me to take from this?