First Brand Group, a US auto parts supplier, went bankrupt.

Recently, several German subsidiaries of First Brand Group, a US automotive parts supplier, have officially filed for bankruptcy in local courts. The company, which filed for bankruptcy in the US in September, is experiencing a rapid spread of its financial crisis to its overseas operations. The main impact is on First Brand's Plastic Manufacturing Group entities in Germany, which specialize in producing plastic parts such as automotive radiator grilles, rearview mirror covers, and steering wheel covers.