First Brands: why a maker of spark plugs and wiper blades has Wall Street worried

First Brands, a manufacturer known for its spark plugs and wiper blades, is facing significant financial troubles that have raised alarms on Wall Street. Investors are concerned that the company's substantial debt could signal broader issues within the automotive parts industry. This situation is particularly troubling as it could lead to a multibillion-dollar crisis, affecting not just First Brands but potentially the entire market. The anxiety surrounding this company highlights the fragility of the automotive supply chain and the ripple effects that financial instability can have on the economy.