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Ford, GM in Talks with Bankrupt Auto Parts Supplier First Brands for Potential Financing Plan: Report
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Ford (F.US) and General Motors (GM.US) are in discussions with bankrupt auto parts supplier First Brands regarding a potential financing plan to ensure that the supplier can continue its operations during bankruptcy proceedings, according to the sources quoted by The Financial Times. Additionally, several automakers are engaged in broader negotiations, aiming to reach an agreement through prepayment for parts. These negotiations are nearing completion, though the agreement could still fall through. AAStocks Financial News |
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