Federal-Mogul Archives - Page 5 of 5 - aftermarketNews
Federal-Mogul Reports Second Quarter Numbers

Company says sales of $1.8 billion are up $97 million, from $1.7 billion in the second quarter of 2012.

Federal-Mogul Awarded Patent For ANCO Flat Blade Technology

The Articulated Contact Technology (ACT), covered by U.S. Patent 8,347,449, is featured on all ANCO Contour and Profile flat blades.

Federal-Mogul Announces Completion Of Rights Offering

According to Federal-Mogul, subscription rights to purchase 51,124,744 shares of Federal-Mogul’s common stock (the full amount of the offering) were exercised, resulting in gross proceeds of approximately $500 million to the company.

Federal-Mogul Announces Sale Of Its Connecting Rod And Camshaft Business

The sale involves Federal-Mogul’s sole connecting rod machining plant, located in Windsor, Canada, and only camshaft foundry, located in Lydney, United Kingdom.

Federal-Mogul Further Extends Rights Offering

Federal-Mogul Corp. announced this week that a market-maker has received regulatory clearance to commence market making with respect to the transferrable subscription rights distributed in the company’s previously announced common stock rights offering.

Federal-Mogul Defers Refinancing, Extends Rights Offering Expiration Date

Federal-Mogul announced today that, due to volatile market conditions, the company intends to defer refinancing activities.

Federal-Mogul’s Fel-Pro Releases Problem-Solving One-Piece Gasket

New Fel-Pro oil plan gasket addresses repair issues on 2009-’12 Hyundai, Kia engines.

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 Announces Plan To Launch $500 Million Common Stock Rights Offering

Federal-Mogul also announced today that it is pursuing a potential refinancing of its outstanding indebtedness. The company expects to complete its refinancing plans shortly after the completion of the rights offering.

Federal-Mogul Increases Production, Extends Range Of Applications For Its CrushShield Systems Protection Material

Federal-Mogul Corp.’s Powertrain Segment is extending its range of CrushShield systems protection products after experiencing high levels of demand for the technology since its launch in 2011, the company says.