Automotive Group Collapse

The FT's Robert Smith explains how First Brands Group became heavily indebted about its use of supply chain finance and what. CNBC examines the high-stakes decisions transforming the U. S auto industry Cars once promised independence and.

Germany's auto industry is in crisis Chinese EV manufacturers are racing ahead backed by powerful government support. Stellantis is shutting down 15 factories Plants across America and Europe are going dark Entire lineups are being cut overnight. First Brands Group LLC has filed for bankruptcy The company that owns Fram filters Autolite spark plugs Trico wipers Cardone.

Concern is growing in Germany over the country's automotive industry one of the key sectors of the German economy The VW. Mercedes-Benz is facing one of its toughest years in decades Profits have plunged sales in China are falling and fierce.