INTERVIEW-UPDATE 1-Federal-Mogul confident on cash position


* Sitting on sufficient cash, no plans to tap credit line * Reduced global headcount by 7,000 in 2008 * Company should be part of any federal aid made available By Soyoung Kim DETROIT, Feb 24 (Reuters) - Federal-Mogul Corp has sufficient cash to ride out a prolonged downturn in auto sales and sees no need to draw on its $500 million revolving credit line, the company's chief executive said on Tuesday. The auto parts supplier, controlled owned by billionaire investor Carl Icahn, cut ...

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