Investors are scanning the auto industry, already whiplashed by tariffs, for signs that other suppliers may have used similar ...
Troubled automotive parts maker First Brands Group is preparing to file for bankruptcy as soon as next week and is looking to secure a loan of at least $1 billion to keep the business running while it ...
First Brands Group Holdings has filed for Chapter 11 bankruptcy, capping weeks of turmoil sparked by creditor concern over the auto supplier’s use of opaque off-balance sheet financing. The Rochester ...
A Tenneco-owned car part plant in Boaz, Alabama will lay off 82 employees in September. While the reason for the closure is unclear, the automotive industry is facing challenges due to new tariffs on ...
President Donald Trump said Wednesday he was placing 25% tariffs on auto imports, a move that the White House claims would foster domestic manufacturing but could also put a financial squeeze on ...
A 25 percent levy on heavy-duty trucks and parts is set to take effect next month. Companies have few details on the policy.
Tennessee's multibillion-dollar auto industry is built on small machine shops like Industrial Maintenance Co. in Gallatin. This 35-employee, family-owned business doesn't make cars in its ...