Federal-MogulFederal-Mogul names new co-CEO, unveils stock rights offer 3:29 pm U.S. ET | May 29, 2013  Federal-Mogul, the auto supplier controlled by longtime Wall Street deal maker Carl Icahn, has named a new co-CEO who also will head the company's aftermarket product operations. The company also announced that it would launch a $500 million stock rights offering to refinance debt.... Read More »
PRODUCTION LINE Chafing against engine friction 12:01 am U.S. ET | May 20, 2013 Friction is enemy No. 1 for powertrain engineers striving to meet rising fuel-economy standards. Lower friction enables engines to efficiently produce more horsepower per liter of displacement.... Read More »
Federal-Mogul shares rise 16% as restructuring takes hold 4:11 pm U.S. ET | April 24, 2013  Shares in Federal-Mogul, the diversified auto-parts supplier controlled by billionaire Carl Icahn, rose the most in more than four years after the company reported operational profits that show a restructuring effort is working, analyst Brian Sponheimer said.... Read More »
Federal-Mogul plans more plant closings amid cash burn, third straight quarterly loss 3:41 pm U.S. ET | Feb. 27, 2013  Federal-Mogul said the slowdown in Europe's vehicle market contributed to a third straight quarterly loss and will force more plant closings in the region. Federal-Mogul said today that it will shut more factories, mostly in western Europe, and shift the work by 2015 to lower-cost locations such as Mexico, China and Poland.... Read More »
Federal-Mogul plans to close plants in Europe after third straight quarterly lossFeb. 27, 2013 21:41 CET  U.S. supplier Federal-Mogul said the slowdown in Europe's vehicle market contributed to a third straight quarterly loss and will force more plant closings in the region. Federal-Mogul said today that it will shut more factories, mostly in western Europe, and shift the work by 2015 to lower-cost locations such as Mexico, China and Poland.... Read More »
Personnel 12:01 am U.S. ET | Nov. 5, 2012 Companies in this report: Cal-Tex Protective Coatings Inc.; DrivingSales; Federal-Mogul Corp.; Hyundai Motor Co.; Manheim; NAC; Search Optics; and TI Automotive.... Read More »
Ford's Belgium plant closing could impact U.S. suppliers 4:28 pm U.S. ET | Oct. 24, 2012  The announcement that Ford will close its Genk, Belgium, plant begins what will be a long, painful road for North American suppliers if they don't react quickly as the European economic crisis deepens, experts say.... Read More »
Federal-Mogul says one-time charge causes Q2 loss 11:05 am U.S. ET | July 26, 2012 Auto parts supplier Federal-Mogul posted a quarterly loss on charges relating to the restructuring of its brake friction business. The company, which said in June that it was going to restructure several facilities to reduce capacity, took an impairment charge of $119 million in the second quarter.... Read More »
BorgWarner to sell spark plug business to Champion parent 12:59 pm U.S. ET | July 2, 2012  Powertrain supplier Federal-Mogul, the owner of the Champion spark plug brand, said today it has agreed to buy BorgWarner’s Beru spark plug division for an undisclosed price.... Read More »
Obituaries 12:01 am U.S. ET | June 25, 2012 Information about Thomas Russell, former chairman and CEO of Federal-Mogul Corp.... Read More »
Tom Russell, former chairman and CEO of Federal-Mogul, dies at 88 3:47 pm U.S. ET | June 21, 2012  Thomas Russell, former chairman and CEO of Federal-Mogul, who led the company throughout the 1970s and 1980s, died on Wednesday in Detroit. He was 88.... Read More »
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Special Report
 Dealer O.C. Welch's big-truck turnaroundAfter Mercury's demise, South Carolina Ford-Lincoln dealer O.C. Welch had to find a way to replace lost revenue. He decided to load up on Super Duty pickups – and sell them online. Mon., June 17» Watch the Video |
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