Automotive News First Brands

The FT's Robert Smith explains how First Brands Group became heavily indebted about its use of supply chain finance and what. First Brands Group LLC has filed for bankruptcy The company that owns Fram filters Autolite spark plugs Trico wipers Cardone.

First Brands Group went bankrupt last week with billions of dollars of debts declared in an announcement that rocked the auto. Many US political leaders on both sides of the aisle have been scrambling to keep Chinese cars out of the United States.

First Brands founder Patrick James has stepped down. Watch Sky News live to find out the latest on what is happening around the world and what is coming up throughout the day.