Big Three sue Honeywell over brake unit sale plan


NEW YORK/CHICAGO, Sept 26 (Reuters) - Detroit's Big Three automakers have filed suit to stop Honeywell International Inc. from selling its brake products unit to bankrupt Federal-Mogul Corp. , accusing Honeywell of trying to avoid its asbestos-related obligations. Honeywell in January agreed to sell its Bendix brake unit, which faces about 47,000 asbestos cases, to Federal-Mogul, an auto parts supplier currently reorganizing after filing for Chapter 11 protection in October 2001 under the ...

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