Last $20.01 USD
Change Today -0.08 / -0.40%
Volume 46.5K
FDML On Other Exchanges
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As of 8:10 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

federal-mogul holdings corp (FDML) Key Developments

Federal-Mogul Mulls Acquisitions

Federal-Mogul Holdings Corporation (NasdaqGS:FDML) is seeking acquisitions. Chief Executive Officer, Daniel Ninivaggi, said, "We will also continue to seek strategic acquisitions and launch new products that will enable us to better serve our customers. And finally, we're making strategic investments in our order management capabilities, inventory and distribution infrastructure to ensure that our premium branded parts are available when and where our customers need them."

Federal-Mogul Motorparts Announces Board Appointments

Federal-Mogul Motorparts announced a series of executive appointments that support the company's ongoing strategy to drive global growth of its premium products and leading brands, and its commitment to providing world-class customer satisfaction. The appointments as Kenneth Burns, Senior Vice President, Global Supply Chain and Quality; Gary Desai, Vice President and Chief Information Officer; Joe Stephan, Vice President, Business Development; and Michael Shin, Vice President, Global Sourcing. Prior to joining Federal-Mogul, Burns was most recently with Rank Group in the role of Vice President, Business Integration, Engineering and R&D for FRAM. Previously, he held leadership positions with Honeywell International, Delphi Automotive and General Motors. Desai was most recently Vice President, Information Technology Business Transformation at Honeywell Corporation and before that, was at General Motors. Stephan has been with Federal-Mogul since 1999. Prior to this appointment, he held leadership positions in a variety of key sales and marketing roles. Previously, he held senior sales and marketing positions with Tenneco for the Monroe and Walker Brands. Shin was with American Capital Ltd. in the role of Vice President and Operating Principal before joining Federal-Mogul Motorparts. Prior to that, he held leadership positions with Stanley Works Company and General Electric.

Federal-Mogul Motorparts Introduces 497 New MOOG ® Replacement Control Arms and Assemblies Covering Millions of Late-Model

Federal-Mogul Motorparts introduced 497 new MOOG ® replacement control arms and assemblies covering millions of late-model Asian, European and domestic passenger vehicles. The preferred brand of professional technicians and NASCAR ® crew chiefs, MOOG Steering and Suspension offers innovative parts that improve on original designs by providing increased durability, enhanced performance and easier installation. The product line expansion extends the MOOG brand's leadership in the fast-growing control arm category, enabling vehicle service professionals to rely on trusted, high-quality parts that provide the safety, performance and durability consumers need and expect. The new parts include 263 MOOG Asia-Spec control arms and assemblies for such global nameplates as Acura, Honda, Hyundai, and Toyota. Also available are 74 new MOOG Euro-Spec control arms for late-model applications from Audi, BMW, Mercedes-Benz and other European vehicle manufacturers, and 160 additional control arms for wide range of domestic passenger vehicles.

Federal-Mogul Expands Footprint in China to Meet Customer Demand for Advanced Piston Technologies

Federal-Mogul Holdings Corporation's Powertrain Division has increased its piston manufacturing footprint in China to meet the growing demand for its advanced Elastoval(R) piston products that lower emissions and reduce fuel consumption. The expansion of the company's Qingdao piston manufacturing facility aligns with the company's strategy to locally serve China's domestic and foreign automakers. Federal-Mogul's Qingdao manufacturing facility is located in the Qingdao Economic and Technological Development Zone, Qingdao, Shandong Province, PRC, and employs 800 people. The expansion represents a 30% increase to the production floor to, in part, accommodate the manufacture of Elastoval pistons for three additional foreign transplant OE engine customers later this year. The expanded facility also will produce Federal-Mogul's Advanced Elastoval(R) II aluminum pistons, which are designed to address the needs of China's highly efficient passenger car gasoline engines.

MOOG Steering and Suspension Expands Coverage of Late-Model Asian, European and Domestic Applications

The MOOG ® Steering and Suspension brand from Federal-Mogul has expanded its coverage of late-model Asian, European and domestic passenger vehicle applications with several new control arms, complete strut assemblies and other precision-engineered parts. New parts now available through MOOG distributors are rear upper right (Part No. RK641420) and left (RK641421) control arms for 2010-2014 Mercedes-Benz ES350 and ES550 and 2012-2013 C250, C300, C350 and CLS550 models. Federal-Mogul also has introduced a rear upper front control arm (RK640608) for 1997-1999 Mercedes-Benz S320, S420 and S500 and 1998-1999 CL500 and CL600 models. The latest MOOG parts for Asian applications include a rear upper control arm (RK641471) for the 2003-2006 Mitsubishi Outlander, and front left (ST8609L) and right (ST8609R) complete strut assemblies for 2001-2007 Toyota Sequoia sport-utility vehicles. MOOG complete strut assemblies are engineered to improve vehicle dynamics, provide a smoother ride and help ensure faster, easier installation. Each complete strut assembly features a triple piston-rod seal design for long life and superior performance.

 

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