UPDATE 1-Federal-Mogul posts wider 2nd-qtr net loss

Newswire

(Adds CEO comment, details) CHICAGO, July 25 (Reuters) - Bankrupt auto parts maker Federal-Mogul Corp. on Monday posted a wider quarterly loss as higher raw material expenses and increased pension costs cut into gross profit margins. The company, which sought bankruptcy protection in October 2001 to deal with asbestos liabilities, said the second-quarter net loss increased to $11.6 million, or 13 cents a share, from $9 million, or 11 cents a share, a year earlier. "Several challenging ...

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