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Raistone has demanded a court-appointed examiner investigate First Brands, claiming in court papers that as much as $2.3 billion “simply vanished” from the company.

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.

ACT Research preliminary data showed orders decreased 44% year over year to 20,800 units. But they increased 57.6% from the 13,200 units reported in August.

Trump’s tariffs have cast a chill over the Canadian automotive sector, but have also affected U.S.-based companies.

First Brands' bankruptcy filing set off a round of damage limitation by Wall Street firms now attempting to size up their exposure to the company.

GM will give about $6,000 of its own cash for lease support and to keep EV sales going.

A fund controlled by a unit of Jefferies Financial Group sunk nearly a quarter of its $3 billion trade finance portfolio into receivables tied to auto parts supplier First Brands Group.

Mexican officials vowed to push back against new tariffs the Trump administration is planning on heavy trucks, yet another hurdle the U.S. is throwing in front of its southern neighbor.

The Department of Energy terminated $7.5 billion in grants for 223 projects approved by the Biden administration including Paccar Inc.’s SuperTruck 3 program and two hydrogen hubs.

Tesla introduced new versions of its top-selling models priced at under $40,000, making its main vehicles more affordable to counteract the loss of U.S. incentives for electric cars.