Major auto parts company files for bankruptcy with over $10 billion in debt | NYGazet

The auto parts manufacturing company filed for bankruptcy Sunday after disclosing more than $10 billion in liabilities, court filings show.

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 bankruptcy Sunday, Sept. 28, after disclosing more t... [2103 chars]