Missing Billions and a Secretive CEO: The First Brands Bankruptcy

Auto-parts maker First Brands Group, the company behind products like Autolite spark plugs and Fram oil filters, declared bankruptcy last month. Court filings have revealed a trove of irregularities and a $2 billion dollar hole. WSJ’s Alexander Gladstone says the bankruptcy is having an impact on the company’s lenders and on Wall Street. Ryan Knutson hosts. Further Listening: - Trump’s Tariffs Cause Chaos in Auto Industry - How Spirit Airlines Landed in Bankruptcy Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices