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Ford and GM Negotiate Rescue Deal for Bankrupt First Brands

1/27/2026

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Summary

Story summary

According to the Financial Times, Ford Motor Company and General Motors are negotiating with bankrupt First Brands Group for a financing package to support Chapter 11 proceedings.
The talks involve multiple automakers and are close to completion.
First Brands Group filed for bankruptcy in September with liabilities between $10 billion and $50 billion and is winding down operations.

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Story summary

According to the Financial Times, Ford Motor Company and General Motors are negotiating with bankrupt First Brands Group for a financing package to support Chapter 11 proceedings.
The talks involve multiple automakers and are close to completion.
First Brands Group filed for bankruptcy in September with liabilities between $10 billion and $50 billion and is winding down operations.