Federal-Mogul

What is Carl Icahn's plan for Federal-Mogul?

9:19 am U.S. ET | Feb. 1, 2016

When Federal-Mogul this month scrapped its plan to split in two, it raised eyebrows because it came right after its largest shareholder agreed to acquire the auto parts chain Pep Boys-Manny Moe & Jack....
Read More »

Federal-Mogul cancels spinoff of aftermarket division

5:05 pm U.S. ET | Jan. 15, 2016

Federal-Mogul, the diversified auto supplier and aftermarket parts maker controlled by investor Carl Icahn, said it will not spin off its Motorparts aftermarket parts division as it had planned....
Read More »

Pep Boys agrees to be acquired by Icahn for more than $1 billion

12:51 pm U.S. ET | Dec. 30, 2015

Pep Boys agreed to be acquired by Carl Icahn for more than $1 billion after tire giant Bridgestone backed down from a bidding war with the billionaire investor....
Read More »

Bridgestone relents, Icahn prevails in $1 billion bidding war for Pep Boys

10:08 pm U.S. ET | Dec. 29, 2015

Tire giant Bridgestone backed down from a bidding war with billionaire investor Carl Icahn, declining to match his takeover offer of more than $1 billion for the Pep Boys auto-parts retail chain....
Read More »

Icahn sweetens bid for Pep Boys to more than $1 billion

6:58 pm U.S. ET | Dec. 28, 2015

Billionaire investor Carl Icahn raised his offer for Pep Boys to $18.50 a share in cash, or more than $1 billion, escalating a bidding war with Bridgestone for the car-parts chain....
Read More »

Pep Boys agrees to $947 million Bridgestone bid, shuns Icahn

8:03 am U.S. ET | Dec. 25, 2015

Pep Boys agreed to a $947 million takeover offer from tire giant Bridgestone, shunning a competing bid from billionaire investor Carl Icahn that had promised a higher price....
Read More »

Icahn sweetens Pep Boys offer with vow to top Bridgestone

11:35 am U.S. ET | Dec. 23, 2015

Billionaire investor Carl Icahn sweetened his offer to acquire Pep Boys with a promise to top any bid from Bridgestone up to about $1.01 billion....
Read More »

Carl Icahn raises offer for Pep Boys, tops Bridgestone's bid

9:45 am U.S. ET | Dec. 21, 2015

U.S. auto parts retailer Pep Boys said billionaire investor Carl Icahn raised his offer to buy the company to $16.50 per share, topping Bridgestone's previous offer of $15.50 per share....
Read More »

Icahn's bid for Pep Boys would boost aftermarket business, but not Federal-Mogul, experts say

1:52 pm U.S. ET | Dec. 10, 2015

If financier Carl Icahn acquires Pep Boys for $863 million, it will give a big boost to his aftermarket retail chain Auto Plus, but not so much for another Icahn asset, Federal-Mogul Holdings....
Read More »

Pep Boys gives Bridgestone 3 days to top Icahn's offer

9:35 am U.S. ET | Dec. 9, 2015

Pep Boys today gave Bridgestone three days to top Carl Icahn's $15.50-per-share, $863 million takeover offer, saying its board had determined that the billionaire investor's bid is superior to their earlier agreement....
Read More »

Pep Boys says Icahn's buyout proposal could be superior

9:48 am U.S. ET | Dec. 8, 2015

U.S. auto parts retailer Pep Boys-Manny, Moe & Jack said its board determined that Carl Icahn's offer to buy the company for $15.50 per share could result in a "superior proposal" compared with Bridgestone's current offer....
Read More »

Icahn offers to buy Pep Boys in $863 million deal

2:06 pm U.S. ET | Dec. 7, 2015

Carl Icahn offered to buy auto parts retailer Pep Boys-Manny, Moe & Jack in a deal valued at about $863 million. The offer of $15.50 per share in cash represents a slight discount to Friday's close of $15.69. Japanese tire maker Bridgestone said in October that it would buy Pep Boys for $835 million....
Read More »

Icahn buys into Pep Boys, seeks retail sale to his Auto Plus

11:35 am U.S. ET | Dec. 5, 2015

Investor Carl Icahn disclosed a new 12.1 percent stake in The Pep Boys-Manny Moe & Jack and said the auto parts and maintenance chain’s retail business should be acquired by Auto Plus -- a competitor he controls....
Read More »

Federal-Mogul loss widens in Q3 on currency woes

4:53 pm U.S. ET | Oct. 28, 2015

Federal-Mogul reported a wider net loss of $62 million in the third quarter from a year earlier as currency fluctuations took their toll on the supplier's revenue....
Read More »

21 innovative suppliers named PACE Award finalists

12:01 am U.S. ET | Oct. 19, 2015

The technologies -- ranging from advanced mirrors to charging technology for electric vehicles to a new approach to all-wheel drive -- underscore the auto industry's advance toward lightweight, fuel-efficient and electrified vehicles....
Read More »

Federal-Mogul expands powertrain division

11:56 am U.S. ET | June 3, 2015

Federal-Mogul Holdings, the supplier controlled by Wall Street investor Carl Icahn, is moving 140 employees from three operations in Ohio and Michigan to the Detroit suburb of Plymouth Township as part of an expansion of its powertrain division....
Read More »

Federal-Mogul to launch national tech training program

10:08 am U.S. ET | April 3, 2015

Federal-Mogul, the powertrain and aftermarket parts supplier controlled by billionaire investor Carl Icahn, is launching a national automotive technician training program....
Read More »

Federal-Mogul delays split into two public companies

9:58 am U.S. ET | Feb. 26, 2015

Federal-Mogul, the powertrain and aftermarket parts supplier controlled by Wall Street investment mogul Carl Icahn, said this week it will delay a prior plan to split into two separate public companies during the first half of this year....
Read More »

Automotive News Cover
News by Brand