Advance Auto Parts (AAP) is back in the black after recent restructuring moves. The company has revised its earnings outlook as it factors in higher net interest costs from a new debt offering.
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The sudden financial collapse of this big auto parts firm points to the next market meltdown
First Brands accumulated billions of dollars in debt, without the lenders knowing much about it. Is a stock market implosion ...
Oct 22 (Reuters) - O'Reilly Automotive (ORLY.O), opens new tab raised the lower end of its full-year revenue forecast on Wednesday after beating Wall Stret estimates for third-quarter results on ...
Major auto parts maker First Brands Group, LLC. filed for bankruptcy protection over the weekend — revealing billions of mounting debt in the process. The auto parts manufacturing company filed for ...
The Trump administration will expand a program to provide partial relief from tariffs on car and truck parts for companies that produce vehicles in the U.S., President Trump said in an executive order ...
You've probably never heard of First Brands Group, but if you've spent much time in an auto parts store, you've heard of some brands it owns: Fram filters, Autolite spark plugs, Trico wipers, and ...
When most investors decide that they want to invest in the automotive industry, they start purchasing stocks from Ford Motor Company (NYSE: F), Mitsubishi (TYO: MSBHY), Nissan (NASDAQ: NSANY) or ...
Genuine Parts incurred $49 million in after-tax expenses or 36 cents per share, tied to restructuring efforts aimed at streamlining operations. Automotive sales rose 5% on year, primarily due to ...
Who is First Brands Group? First Brands Group produced OE aftermarket parts for many of the well-known brands you see on your local auto parts store shelves. Needed a filter? You probably bought one ...
US auto parts maker First Brands filed for Chapter 11 bankruptcy, burdened by over $6 billion in debt from acquisitions, securing $1.1 billion in financing. This move, alongside affiliated ...
WASHINGTON - U.S. President Donald Trump on Friday signed orders approving significant tariff relief for U.S. auto and engine production and setting new 25% tariffs on imported medium- and heavy-duty ...
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