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

Newswire

* 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 ...

Premium Content (PAID Subscription Required)

"INTERVIEW-UPDATE 1-Federal-Mogul confident on cash position" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×