Federal-Mogul Corporation : Federal-Mogul Establishes New Large Bore Piston Rings Joint Venture in Changsha, China

 Federal-Mogul Corporation : Federal-Mogul Establishes New Large Bore Piston
                    Rings Joint Venture in Changsha, China

     Leading position in global industrial piston rings market is further
                                 strengthened

SHANGHAI, China, February 28, 2013.Federal-Mogul (NASDAQ:FDML) announced today
that it will establish a new joint  venture for large bore piston rings  based 
in Changsha, China.  The new  JV, Federal-Mogul  Zhengsheng (Changsha)  Piston 
Ring Co.,  Ltd.,  will provide  high  technology piston  rings  primarily  for 
4-stroke industrial engines in the  commercial shipping, railroad, energy  and 
off-road industries. The new joint  venture is the second Federal-Mogul  large 
bore ring plant in  China and will extend  the company's product portfolio  of 
2-stroke and  4-stroke  industrial rings  in  the Chinese  and  broader  Asian 
markets. Completion of  the transaction  is subject  to customary  conditions, 
including regulatory approval of the joint venture.

"The market for leading technology and world-class large bore rings is growing
as there  is increasing  demand  for industrial  engines  to meet  the  latest 
emissions standards," said Weibo  Weng, Vice President, Federal-Mogul  (China) 
Co., Ltd.  "This new investment is another important step for Federal-Mogul to
localize the supply  of globally  recognized Goetze^® and  DAROS^® large  bore 
rings."

Occupying 25,000 sq. meters, the new joint venture is located in the  Changsha 
Industrial and Technological Development  Zone and will  operate within a  new 
facility currently being  finalized. The  local partner of  the joint  venture 
will incorporate its Changsha Zhengsheng Piston Ring Ltd., Corp. into the  new 
JV.  The partner will retain a minority share of the business and will  remain 
active in supporting customer relationships and business development.

Federal-Mogul intends to upgrade production lines and to introduce new product
technology, including  state-of-the-art  chrome-ceramic coatings,  to  produce 
low-emission, long-life, 4-stroke rings for customers in China.

High-quality piston  rings are  critical to  ensure the  smooth and  efficient 
operation in the  demanding operating  conditions and  multi-year duty  cycles 
found  in  large   bore  industrial  engines.   Utilizing  integrated   global 
engineering and manufacturing, Federal-Mogul today provides parts and services
to worldwide industrial engine manufacturers including MAN, Wärtsilä,  Doosan, 
Mitsubishi, Caterpillar,  MTU and  other leading  manufacturers of  industrial 
engines.

 "We look forward to providing products and services to existing customers  of 
Changsha Zhengsheng and  to further expand  our product portfolio  to offer  a 
wide range of high technology piston  rings to customers throughout China  and 
Asia," Weng added. "This joint venture gives us new market access and enhances
the products and services available to customers in the region."

About Federal-Mogul

Federal-Mogul Corporation  (NASDAQ:  FDML) is  a  leading global  supplier  of 
products and services to the  world's manufacturers and servicers of  vehicles 
and equipment  in the  automotive, light,  medium and  heavy-duty  commercial, 
marine,  rail,  aerospace,  power  generation  and  industrial  markets.   The 
company's  products  and  services  enable  improved  fuel  economy,   reduced 
emissions and enhanced vehicle safety.

Federal-Mogul operates two  independent business segments,  each with a  chief 
executive  officer   reporting   to  Federal-Mogul's   Board   of   Directors. 
Federal-Mogul's Powertrain Segment designs and manufactures original equipment
powertrain  components  and  systems   protection  products  for   automotive, 
heavy-duty, industrial  and  transport applications.  Federal-Mogul's  Vehicle 
Component Solutions  Segment  sells  and  distributes  a  broad  portfolio  of 
products through more  than 20 of  the world's most  recognized brands in  the 
global vehicle  aftermarket, while  also  serving original  equipment  vehicle 
manufacturers with  products  including  braking, chassis,  wipers  and  other 
vehicle components.   The company's  aftermarket brands  include ANCO^®  wiper 
blades; Champion^®  spark  plugs,  wipers and  filters;  AE^®,  Fel-Pro^®,  FP 
Diesel^®  Goetze^®,  Glyco^®,  Nüral^®,  Payen^®  and  Sealed  Power^®  engine 
products; MOOG^®  steering and  suspension parts;  and Ferodo^®  and  Wagner^® 
brake products.

Federal-Mogul was  founded in  Detroit  in 1899.  The company  employs  45,000 
people in  34 countries,  and  its worldwide  headquarters is  in  Southfield, 
Michigan,   United    States.    For   more    information,    please    visit 
www.federalmogul.com.

Forward-Looking Statements
Statements contained in  this press  release, which are  not historical  fact, 
constitute "Forward-Looking Statements." Actual results may differ  materially 
due to numerous important factors  that are described in Federal-Mogul's  most 
recent report to the SEC on Form 10-K, which may be revised or supplemented in
subsequent reports to the  SEC on Forms 10-Q  and 8-K.  Such factors  include, 
among  others,  fluctuations  in  domestic  or  foreign  vehicle   production, 
fluctuations in the demand for vehicles containing our products, the company's
ability to generate cost  savings or manufacturing  efficiencies to offset  or 
exceed contractually  or  competitively  required price  reductions  or  price 
reductions to obtain new business, conditions in the automotive industry,  the 
success of the company's original  equipment and aftermarket segmentation  and 
corresponding effects  and general  global and  regional economic  conditions. 
Federal-Mogul  does  not  intend  or  assume  any  obligation  to  update  any 
forward-looking statements. 

                                     ###

CONTACT:                
Name: Michelle Caldwell
Phone: 248/354-4532

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Source: Federal-Mogul Corporation via Thomson Reuters ONE
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