Federal-Mogul loss narrows on higher sales

Newswire

CHICAGO, April 22 (Reuters) - Bankrupt auto parts supplier Federal-Mogul Corp. on Tuesday posted a narrower quarterly net loss, helped by better sales and productivity gains. Federal-Mogul, which makes Champion spark plugs, Moog chassis, Fel-Pro gaskets, and Wagner brake and lighting products, reported a first-quarter loss of $34.2 million, or 39 cents a share, compared with a loss of $1.44 billion, or $17.53 a share, a year ago. Sales rose to $1.41 billion from $1.35 billion. ...

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