StopTech, Centric, and Raybestos to shut down

That stinks. Those were all good brands for their niche in the market.
How many other brands will also cease to exist because of this mess?
 
The founder of Centric/Stoptech would eventually go on to start DFC

Raybestos/Centric/Stoptech products were cheapened under their watch. For example, cheaper coating on the rotors and drums that didn't last as long :sneaky:

Powerstop coated drums and rotors are much better :D

It is getting uglier by the week if you been following the First brands collapse. Many of their companys will be gone before the dust settles. GM been having meetings this week over supply chain issues with this.



Way too many brands under one roof :sneaky:

So were was Raybestos getting its pads. I assume plants in China. The Raybestos name is pretty valuable, I’m betting they will rise again.

A few of those brands are valuable, including Fram. They will also be back in some form.
 
Raybestos Advanced Tech rotors were my favorite, until they started showing up with hairline cracks inside of their thick plastic packing bags… had to send a couple back. But good ones were still good. Centric has been very good for me - hate to see them close shop.
 
Welcome to the Chinese aftermarket. I know a few of those companies were looking to pick up these brands, but most everyone is waiting for first brands to go under to buy these names cheap to slap them on a cheapie on Amazon to make a few extra bucks.

The Aftermarket in general is dying quick…….
 
There are some other related threads on First Brands. The previous CEO is out on bail for fraud. The people handling the bankruptcy of First Brands tried to get financing and/or sell pieces of the business. Ford and GM are helping with financing for some of the brands that supplied them with parts used in their manufacturing of cars. But at the end of the day there was probably not enough financing to keep all the brands going so some had to be liquidated. Does not mean someone will not buy a factory at a fire sale price and restart it.

They had been double or triple pledging assets to get loans. Thats like you going to 3 banks and trying to get 3 mortgages for $500K each on the same $500K house.

How eager do you think financial companies are to provide financing given the history?
 
I just put some Raybestos Element pads on my sons Santa Fe (rear pads) last spring. For the front I used Bosch Blue (already had them.) Both running fine.

I hate to see Raybestos go. I imagine someone will grab them.
 
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