UPDATE 1-Federal-Mogul Q2 profit drops sharply


* Q2 net income $3 million vs $89.6 mln yr ago * Has more than $1.2 billion of liquidity DETROIT, July 30 (Reuters) - U.S. auto parts supplier Federal-Mogul Corp posted a sharp drop in quarterly profit on Thursday, but reported substantial progress from earlier in 2009 as it cut costs to address the economic downturn and production cuts by its automaker customers. Net income plummeted to $3 million, or 3 cents per share, in the second quarter, from $89.6 million, or 89 cents per share, ...

Premium Content (PAID Subscription Required)

"UPDATE 1-Federal-Mogul Q2 profit drops sharply" 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
Lisa Williamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×