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Tag: federalmogul
New Federal-Mogul Powertrain piston skirt coatings increase durability for the life of pistons
2016-03-30 21:56:16| Green Car Congress
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UPDATE 2-Icahn offers to buy rest of Federal-Mogul to boost auto business
2016-02-29 16:11:27| Auto Dealers - Topix.net
Billionaire Carl Icahn's investment company offered to buy the 18 percent of auto parts maker Federal-Mogul Holdings Corp offered to pay $7 per share in cash, sending the company's stock soaring nearly 41 percent to $7.02 in premarket trading. The latest investment from Icahn Enterprises, whose auto business was its second largest by revenue in 2014, comes after a record year of U.S. auto sales and in the same month it closed the acquisition of Pep Boys-Manny Moe & Jack, another U.S. auto parts retailer.
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UPDATE 1-Icahn offers to buy rest of auto parts maker Federal-Mogul
2016-02-29 14:32:21| Auto Parts - Topix.net
Billionaire Carl Icahn's investment company offered to buy the 18 percent of auto parts maker Federal-Mogul Holdings Corp has been focusing on its auto business, its second largest by revenue, as a slump in crude prices slows growth in its energy business, which accounted for nearly half of its revenue in 2014. The company said in December it would buy auto parts retailer Pep Boys-Manny Moe & Jack PBY.N for about $1 billion.
Federal-Mogul Halts Motorparts Spinoff
2016-02-21 04:53:09| Auto Parts - Topix.net
Federal-Mogul Corp., the diversified automotive supplier and aftermarket parts maker controlled by investor Carl Icahn, said on Jan. 15 it will not spin off its Motorparts aftermarket parts division as it had planned. The Southfield-based firm said in a statement that its Powertrain and aftermarket parts divisions will continue to operate separately under two CEOs who report to Federal-Mogul's board of directors.
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Icahn Pep Boys play seen as a negative for Federal-Mogul
2016-02-02 15:21:32| Auto Parts - Topix.net
The Pep Boys acquisition by Carl Icahn isn't expected by BB&T Capital Markets to do any favors for Federal-Mogul . Federal-Mogul has been on watch since the deal announcement due to Icahn's sizable position in the automobile supplier.