91ÊÓƵ

A joint venture between Norinchukin Bank and Japanese trading house Mitsui & Co. faces $1.75 billion of exposure to bankrupt auto parts supplier First Brands Group, court documents show.

Stellantis is focused on reclaiming the success of the Jeep brand and considering fresh investment into Dodge, which could result in a new Dodge V8 muscle car, and possibly the Chrysler brand.

OPEC+ nations are trying to reach consensus on how to adjust their oil production next month, with either a modest or more substantial supply increase possible, delegates said.

Chevron Corp.’s El Segundo refinery in Los Angeles County has extinguished a fire that broke out the night of Oct. 2 and shut multiple units.

GM and Ford argue that shielding Stellantis from the tariffs would hand the company a cost advantage over U.S.-assembled trucks that contain imported parts already subject to tariffs.

CEO Anthony Filosa is under pressure to steady the carmaker that has suffered market share losses in the U.S. and Europe.

The European Commission will propose early next week a long-term mechanism that will also reduce the bloc’s existing quotas for foreign steel by almost half.

The filing caps weeks of turmoil sparked by creditor concern over the auto supplier’s use of opaque off-balance sheet financing.

Global deal values have topped $1 trillion in a third quarter for only the second time ever, thanks to transactions like the Sept. 29 $55 billion take-private of video game maker Electronic Arts.

Auto part supplier First Brands Group is preparing to enter bankruptcy with no restructuring plan in place, a sign of how quickly the company’s fortunes are unraveling, sources said.