Federal-Mogul

Federal-Mogul posts $5 million net loss in Q2 as revenue rises

3:34 pm U.S. ET | July 23, 2014
Auto supplier Federal-Mogul today reported a $5 million net loss after factoring in one-time charges, along with a $128 million revenue gain for the second quarter. The company, controlled by longtime Wall Street investor Carl Icahn, had one-time restructuring and impairment charges of $32 million and posted a $3 million loss from continuing operations....
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Federal-Mogul takes aim at 'cheap' aftermarket parts from China

8:00 am U.S. ET | May 22, 2014
Federal-Mogul, saying its Champion spark plugs and other aftermarket parts are losing out to “cheap” products from China sold by big retail chains, is fighting back. The diversified parts supplier said today its aftermarket division will be renamed Federal-Mogul Motorparts. A crew of newly hired technicians will visit stores and service shops to tout the benefits of Wagner brake products, ANCO wiper blades and other components....
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Federal-Mogul trims Q4 net loss to $19 million

12:26 pm U.S. ET | Feb. 21, 2014
Diversified auto parts supplier Federal-Mogul reported a fourth-quarter net loss of $19 million, a $61 million improvement over the same quarter in 2012, the company said Thursday, showing signs of recovery since emerging from bankruptcy in 2008....
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DUSTIN WALSH

New Federal-Mogul co-CEO's mission: Accelerate supplier's aftermarket business

12:15 pm U.S. ET | Feb. 7, 2014
For years, rumors circulated of activist investor Carl Icahn's desire to sell his investment in Federal-Mogul. Yet, the deals never transpired, and for now it seems Icahn is focusing energy, and capital, to growing its aftermarket business into an international juggernaut with a mainline to his oversight....
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Federal-Mogul to acquire chassis components business

10:38 am U.S. ET | Jan. 22, 2014
Diversified auto parts supplier Federal-Mogul said it agreed to acquire the chassis components business of Affinia Group. Terms of the transaction between the two Michigan-based companies were not disclosed and the deal is subject to regulatory approvals, Federal-Mogul said in a statement today....
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Federal-Mogul to acquire Honeywell's brake friction business for $155 million

3:30 pm U.S. ET | Jan. 8, 2014
Diversified auto supplier Federal-Mogul has agreed to acquire Honeywell's automotive and industrial brake friction business for about $155 million....
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Federal-Mogul names new CFO

3:33 pm U.S. ET | Dec. 12, 2013
Diversified parts supplier Federal-Mogul said it hired longtime finance executive Rajesh Shah to senior vice president and CFO. Shah, 62, replaces Alan Haughie, who resigned from the position in August. Haughie later became CFO of ServiceMaster....
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Federal-Mogul acquires bearings supplier in Russia

2:49 pm U.S. ET | Dec. 2, 2013
Auto supplier Federal-Mogul has agreed to acquire European bearings supplier DZV Bearings Co., based in Dimitrovgrad, Russia....
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Federal-Mogul stock at 2-year high after swinging to profit in Q3

8:06 am U.S. ET | Oct. 23, 2013
Federal-Mogul rose to its highest price in more than two years after posting its second consecutive quarterly profit. The shares soared 24 percent to $19.44, the highest closing price since July 28, 2011. The gain was the biggest one-day increase since July 22. The shares have more than doubled this year....
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Federal-Mogul pushes for 'smaller and lighter'

12:01 am U.S. ET | Oct. 14, 2013
Rainer Jueckstock, co-CEO of Federal-Mogul Corp., sees exactly where automakers are spending their r&d money as they develop the next generation of fuel-efficient powertrains....
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Federal-Mogul plans move to smaller space

2:53 pm U.S. ET | Sept. 9, 2013
Auto supplier Federal-Mogul is planning to move 650-700 employees at its headquarters in suburban Detroit to a new office in a neighboring suburb next year....
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