Federal-Mogul To Purchase Affinia Chassis Components Business
Company says acquisition will expand its customer and product presence in core chassis business.
Federal-Mogul Signs Definitive Agreement To Purchase Significant Portion Of Honeywell Friction Business
Acquisition expands global reach in Federal-Mogul’s core business of brake friction materials.
Federal-Mogul Board Elects Kevin Freeland Co-CEO of Federal-Mogul Corp. And CEO, Global Aftermarket
Freeland (pictured) replaces Mike Broderick, who held the position of co-CEO of Federal-Mogul Corp. and CEO of Federal-Mogul’s Vehicle Components Segment since June 2012. According to Jim Burke, director of corporate communications at Federal-Mogul, Broderick is completing a brief transition with the company, which began yesterday.
Federal-Mogul Board of Directors Elects Michael Broderick CEO, Global Aftermarket Division
The Board of Directors of Federal-Mogul Corp. today announced the election of Michael Broderick to the position of chief executive officer (CEO), Federal-Mogul Aftermarket Division, effective June 25. Broderick will fill a role that was established in March when the Federal-Mogul Board of Directors announced its decision to modify the company’s corporate structure to create a separate and independent aftermarket division.
Jose Maria Alapont to Retire as President and CEO of Federal-Mogul; Rainer Jueckstock Elected As Successor
Federal-Mogul also announced that its board has decided to modify the company’s corporate structure to create a separate and independent aftermarket division and has engaged a search firm to fill the position of CEO of the aftermarket division.
Federal-Mogul President and CEO Extends Employment Agreement
Jose Maria Alapont to remain with the company through March 2013. Alapont joined Federal-Mogul in 2005 and is credited, in conjunction with Carl Icahn, with guiding the company to exit from difficult bankruptcy proceedings in the United States and United Kingdom. Under his leadership, the company has implemented its strategy of sustainable global profitable growth, restructured its global manufacturing and engineering network to better serve its diverse customer base and continued to invest in differentiating technologies to enhance fuel economy, reduce emissions and improve vehicle safety.
The Week in Review (Feb. 25-29, 2008)
By Amy Antenora The Week in Review offers a snapshot of the most highly read stories of the week as seen on aftermarketNews. To access the complete stories, simply click on the highlighted links. If you missed reading one of our daily news emails, click on any of the dates listed at the bottom of
The Week in Review (Jan. 14-18, 2008)
By Amy Antenora The Week in Review offers a snapshot of the most highly read stories of the week as seen on aftermarketNews. To access the complete stories, simply click on the highlighted links. If you missed reading one of our daily news emails, click on any of the dates listed at the bottom of
The Top Ten Newsmakers of 2007
For the fourth year in a row, the editorial staffs of aftermarketNews and Counterman magazine have selected 10 individuals who have made an impact on the industry this past year. The list is presented in alphabetical order.
Lear Reports Favorable Second Quarter Results
Lear Corp. recently said net income for the second quarter increased sharply to $123.6 million, or $1.58 a share, compared with a loss of $6.4 million, or 10 cents a share, in the same period a year earlier. Lear’s second-quarter performance easily beat the 91 cent per share profit that analysts had expected and shares of Lear stock were up $1.20 or 3.7 percent to $34.59 last week.