After an aggressive two-year campaign on the acquisition trail, Federal-Mogul Corp. says it will sell its lighting, wiper blade and fuel businesses. The businesses employ roughly 5,400 people at 14 manufacturing facilities, and have sales of approximately $700 million. Most of the operations were part of Cooper Automotive, which Federal-Mogul acquired in October 1998 for $1.9 billion in cash. Cooper had a significant presence in the automotive aftermarket, so some industry observers ...
Premium Content (PAID Subscription Required)
"Printer-friendly" 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- andheavy-duty truck volumes
•Historical data and much more!
Current subscribers, please login or CLICK for support information.