Automotive parts manufacturer Federal-Mogul is changing hands for US$5.4 billion. The new owner is vehicle ride performance and clean air products manufacturer Tenneco Inc., which yesterday signed a definitive agreement to acquire the business from Icahn Enterprises L.P. The acquisition is to be funded through cash, Tenneco equity and assumption of debt and is expected to close in the second half of 2018, subject to regulatory and shareholder approvals and other customary closing conditions.
Federal-Mogul Motorparts has announced an agreement between its Moog brand and NASCAR Whelen Euro Series. The company will provide all competition cars with steering and suspension components. the new agreement complements its long-standing NASCAR partnership, which has stood since 1966.
Federal-Mogul Motorparts, a division of Federal-Mogul Holdings Corporation, supplied its latest Ferodo and Champion products to a world record-breaking road trip. Covering over 15,000km across the entire Eurasian continent between the city of Magadan, Russia and the Portuguese capital, Lisbon, the drive was completed in six days, nine hours and 38 minutes, beating the previous record of eight days and 15 hours. The team drove a Volkswagen Touareg, which used Ferodo brake products and Champion glow plugs, filters and wipers.
Federal-Mogul Motorparts, a division of Federal-Mogul Holdings Corporation, has announced changes to its senior management personnel and structure. Martin Hendricks, president, Global Braking and regional president, EMEA, will additionally assume the responsibilities for Aftermarket EMEA, a post previously held by Olivier Legrand. Massimo Altafini has been confirmed as the new vice-president, Sales Aftermarket EMEA. These changes became effective as of 1 April 2016.
Federal-Mogul Motorparts, a division of Federal-Mogul Holdings Corporation is presenting some its latest brake pad developments at Automechanika in Frankfurt, Germany from the 16 to 20 September in hall 3.0, stand D.51. According to the company details about Federal-Mogul Motorparts strategies and its products – including Ferodo’s zero copper Eco-Friction brake pads will be shared along with information relating to the company’s recent acquisition of Honeywell’s Friction Material business.
Federal-Mogul Holdings Corporation announced yesterday that its Motorparts division has completed the acquisition of certain business assets of the Honeywell Friction Materials business. The Honeywell Friction Materials business is headquartered in Glinde, Germany, with significant operations in Romania and China. With the business acquisition, Federal-Mogul Motorparts takes on the Jurid brand name.