Coming soon: oil filter adapter!

[Rusty PW]

Let's see what happens. Ford and GM are both interested in keeping Fram going. GM just held an emergency meeting last week regarding this issue.

They are in a panic because of OEM parts. Raybestos is part of first Brands too. From what I have gather so far. First Brands put all the companies up for sell late last year. But there was no one interested because of the fraud rumors on the financing of the $1 billion plus debt.

Sponsored

 

[Alpine Warthog]

They are in a panic because of OEM parts. Raybestos is part of first Brands too. From what I have gather so far. First Brands put all the companies up for sell late last year. But there was no one interested because of the fraud rumors on the financing of the $1 billion plus debt.

Yup, Somebody is going to jail:

Former CEO of First Brands Group, LLC, Patrick James, and Former Senior Executive, Edward James, Deceived Multiple Banks and Direct Lenders Through Fake Collateral, Double- and Triple-Pledged Assets, and Misleading Financial Statements

 

[JTdiRtyD]

I'll be honest, I had to ask Gemini to dumb down the whole First Brands thing so I could understand what was happening. It's wild to me that people think they can get away with that type of crap these days.

 

[Sweetums]

I'll be honest, I had to ask Gemini to dumb down the whole First Brands thing so I could understand what was happening. It's wild to me that people think they can get away with that type of crap these days.

Most of the time they do get away with it, you only hear about the ones who get caught

Sponsored