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Before filing for bankruptcy, Luminar struck an agreement with Quantum Computing to sell it the equity of its subsidiary, Luminar Semiconductor, for $110 million in cash.

Marathon Asset Management and others that provided First Brands Group with $1.1 billion are seeing the super-senior debt crater at a speed that bankruptcy experts say is unprecedented.

Major First Brands investors have offloaded stakes in the bankrupt auto supplier’s debt, causing the value of its most senior loan to collapse and prompting it to pull forward a lender call.

First Brands is asking the judge overseeing its bankruptcy to set up a framework that will give comfort to clients that they can send money to the company without risk of double payment.

The Carter Lake, Iowa-based contract carrier cited headwinds hindering the overall transportation sector and the loss of USPS, whose contract accounted for 70% of the company’s revenue.

One of the biggest reasons for settling the dispute, according to court records, is that continuing to explore legal avenues would take up more of the dwindling funds Yellow has available.

The future of parent company Bollinger Innovations — previously known as Mullen Automotive and formally headquartered in Southern California — remains unclear.

The foundry achieved a first Nov. 20, pouring its first iron as a stand-alone commercial vehicle brake drum manufacturing plant. Brake drums were soon rolling off the production line.

First Brands' bankruptcy advisers are facing a new challenge that could impact how a potential restructuring of the auto parts supplier is carried out.

2025 was largely a dark year for hydrogen fuel cell electric rigs in the U.S, but a small group of equipment, fuel and truck suppliers are striving for a brighter future.