Still coping with indigestion, Federal-Mogul Corp. takes additional steps to shore up its sagging aftermarket operations, announcing it will close, consolidate or rationalize at least 62 facilities worldwide. The massive restructuring will cut 1,500 people from Federal-Mogul's payroll (worldwide headcount of 50,400) and cost the Southfield, MI, supplier $100 million in restructuring charges over the next two years and an additional $100 million in incremental expenses and capital ...
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.