Federal prosecutors have indicted First Brands founder and former CEO Patrick James on fraud-related charges, alleging he orchestrated years of deceptive accounting that led to the auto parts supplier’s collapse and bankruptcy. James, 61, faces multiple counts including bank fraud, wire fraud, money laundering conspiracy and running a continuing financial crimes
In an effort to streamline operations as it deals with economic headwinds and rising competition for electric cars, Ford announced on Tuesday that it will eliminate 3,800 jobs in Europe over the next three years. According to the carmaker, 2,300 jobs would be lost in Germany, 1,300 in the U.K., and 200 in other parts […]

