Federal-Mogul: Difference between revisions

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company_logo = [[Image:Federal-Mogul.png]]|
company_logo = [[Image:Federal-Mogul.png]]|
company_type = Unlisted company|
company_type = Unlisted company|
foundation = [[1899]] as the Muzzy-Lyon Company|
foundation = 1899 as the Muzzy-Lyon Company|
location = [[Southfield, Michigan]], [[USA]]|
location = [[Southfield, Michigan]], [[USA]]|
key_people = Jose Maria Alapont, Chairman & CEO|
key_people = Jose Maria Alapont, Chairman & CEO|
num_employees = 41,700 ([[2006]])|
num_employees = 41,700 (2006)|
industry = [[Auto part|Auto Parts]]|
industry = [[Auto part|Auto Parts]]|
products = engine products, wipers, spark plugs and wipers, gaskets, brake pads, bearings, piston rings, chassis products, wheel end components, pistons|
products = engine products, wipers, spark plugs and wipers, gaskets, brake pads, bearings, piston rings, chassis products, wheel end components, pistons|
revenue = {{profit}}$6.286 billion [[United States dollar|USD]] ([[2005]])|
revenue = {{profit}}$6.286 billion [[United States dollar|USD]] (2005)|
operating_income = {{loss}}$133.100 million [[United States dollar|USD]] ([[2005]])|
operating_income = {{loss}}$133.100 million [[United States dollar|USD]] (2005)|
net_income = {{loss}}$334.200 million [[United States dollar|USD]] ([[2005]])|
net_income = {{loss}}$334.200 million [[United States dollar|USD]] (2005)|
homepage = [http://www.federal-mogul.com/ www.federal-mogul.com]|
homepage = [http://www.federal-mogul.com/ www.federal-mogul.com]|
}}
}}
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==Expansion in the late 1990's==
==Expansion in the late 1990's==
In the late [[1990]]'s Federal-Mogul pursued a strategy of rapid expansion within its sector and in [[1998]] acquired, among other businesses, [[Turner & Newall]], a [[United Kingdom|British]] based automotive products business which had lost focus in the face of [[asbestos]] claims.<ref>[http://www.highbeam.com/doc/1G1-59666947.html Federal-Mogul Corp completes T&N buy]</ref>
In the late 1990's Federal-Mogul pursued a strategy of rapid expansion within its sector and in 1998 acquired, among other businesses, [[Turner & Newall]], a [[United Kingdom|British]] based automotive products business which had lost focus in the face of [[asbestos]] claims.<ref>[http://www.highbeam.com/doc/1G1-59666947.html Federal-Mogul Corp completes T&N buy]</ref>


==Chapter 11 Protection==
==Chapter 11 Protection==
In [[2001]] Federal-Mogul filed for Chapter 11 Protection after it became embroiled in the litigation associated with its new acquisitions.<ref name="chapter">[http://www.federal-mogul.com/en/Investors/FinancialRestructuring/ Federal-Mogul Financial restructuring]</ref> Various organisations are currently campaigning for better compensation for claimants.<ref>[http://www.ewg.org/reports/asbestos/federalmogul.php Environmental Working Group]</ref>
In 2001 Federal-Mogul filed for Chapter 11 Protection after it became embroiled in the litigation associated with its new acquisitions.<ref name="chapter">[http://www.federal-mogul.com/en/Investors/FinancialRestructuring/ Federal-Mogul Financial restructuring]</ref> Various organisations are currently campaigning for better compensation for claimants.<ref>[http://www.ewg.org/reports/asbestos/federalmogul.php Environmental Working Group]</ref>


As of December 27, 2007, Federal-Mogul emerged from its Chapter 11 bankruptcy.<ref name="chapter"/>
As of December 27, 2007, Federal-Mogul emerged from its Chapter 11 bankruptcy.<ref name="chapter"/>

Revision as of 23:55, 9 October 2008

Federal-Mogul Corporation
Company typeUnlisted company
IndustryAuto Parts
Founded1899 as the Muzzy-Lyon Company
HeadquartersSouthfield, Michigan, USA
Key people
Jose Maria Alapont, Chairman & CEO
Productsengine products, wipers, spark plugs and wipers, gaskets, brake pads, bearings, piston rings, chassis products, wheel end components, pistons
RevenueIncrease$6.286 billion USD (2005)
Decrease$133.100 million USD (2005)
Decrease$334.200 million USD (2005)
Number of employees
41,700 (2006)
Websitewww.federal-mogul.com

Federal-Mogul Corporation is a major automotive parts supplier based in Southfield, Michigan, USA. Federal-Mogul employs some 41,000 people in 24 countries.

Products

  • AE engine products
  • ANCO wipers
  • Bentley-Harris protection products
  • Champion spark plugs and wipers
  • Fel-Pro gaskets
  • Ferodo brake pads
  • Glyco bearings
  • Goetze piston rings
  • Moog chassis products
  • National wheel end components
  • Nüral pistons
  • Payen gaskets
  • Precision drivetrain components
  • Sealed Power engine products
  • Wagner lighting and brake products

Expansion in the late 1990's

In the late 1990's Federal-Mogul pursued a strategy of rapid expansion within its sector and in 1998 acquired, among other businesses, Turner & Newall, a British based automotive products business which had lost focus in the face of asbestos claims.[1]

Chapter 11 Protection

In 2001 Federal-Mogul filed for Chapter 11 Protection after it became embroiled in the litigation associated with its new acquisitions.[2] Various organisations are currently campaigning for better compensation for claimants.[3]

As of December 27, 2007, Federal-Mogul emerged from its Chapter 11 bankruptcy.[2]

References

  1. ^ Federal-Mogul Corp completes T&N buy
  2. ^ a b Federal-Mogul Financial restructuring
  3. ^ Environmental Working Group

External links

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