Federal-Mogul

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

Federal-Mogul turns $56 million Q2 profit, shares rise 31%

10:04 am U.S. ET | July 22, 2013
Federal-Mogul reported net income of $56 million for the second quarter, its first quarterly profit since the start of 2012, largely due to downsizing over the past 18 months. The news sent the company's stock soaring more than 31 percent today.... Read More »

 

Federal-Mogul sells connecting rod and camshaft business

July 2, 2013 06:01 CET
Diversified auto supplier Federal-Mogul has sold its connecting rod and camshaft business to JD Norman Industries. The deal divests Federal-Mogul's UK-based camshaft foundry and its connecting rod machining plant in Windsor, Canada, the supplier said.... Read More »

 

Federal-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 »

 

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