Federal-Mogul Keeping Lighting, Wiper, Fuel Businesses

February 17, 2000

SHARING TOOLS        | Print Subscribe
Federal-Mogul says it has decided not to sell its lighting, wiper blade and fuel businesses. The three represent some $700 million in annual sales and has previously been tagged for divestiture.

"After exploring the possible sale with numerous strategic parties, we have concluded that retaining these businesses is in the best interest of Federal-Mogul's shareholders," said Dick Snell, chairman and chief executive officer.
Snell added that although the company was "not able to realize full value of these investments" under current market conditions, the operations are significant contributors to Federal-Mogul's earnings and economic value.

Comment On This Story

Comment: (Maximum 2000 characters)  
Leave this field empty:
* Please note that every comment is moderated.


We offer e-newsletters that deliver targeted news and information for the entire fleet industry.


ELDs and Telematics

sponsored by
sponsor logo

Scott Sutarik from Geotab will answer your questions and challenges

View All

Sleeper Cab Power

Steve Carlson from Xantrex will answer your questions and challenges

View All