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ft.com

Ford and General Motors in talks with First Brands over rescue financing

Big US carmakers negotiating terms to give the bankrupt car parts supplier much-needed cash

martedì 27 gennaio 2026 New tab

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First Brands’ lenders race to secure rescue loan for car parts group

Company considers bankruptcy as its finances worsen

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First Brands at breaking point as it scrambles to avoid liquidation

The company is relying on a $48mn infusion from automakers to continue operating

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First Brands wins court approval for $1.1bn rescue loan to avoid liquidation

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First Brands facing cash crisis as company seeks emergency funds

Bankrupt car parts maker only has enough money to operate through end of January as advisers race to raise capital

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Ford held talks with China’s Xiaomi over EV partnership

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Carmakers to win reprieve in £11bn UK motor finance redress scheme

Regulator’s planned climbdown follows lobbying by banks and car groups with in-house lenders

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