Ford, GM reportedly discussing funding for bankrupt First Brands

Ford and General Motors are in talks over a financing deal to help parts supplier First Brands Group secure liquidity while operating under Chapter 11 protection. According to the Financial Times, the two automakers are among several manufacturers negotiating with the Ohio-based company on an arrangement that would involve advance payments for expected deliveries, giving First Brands short-term cash. One source said discussions were close to the “finish line”, though the proposal could still collapse. ...