Federal-Mogul Corporation : Federal-Mogul Announces Sale of its Connecting Rod and Camshaft Business Comprised of Two Manufacturing Plants in Canada and the U.K. July 1, 2013...Southfield, Michigan - Federal-Mogul Corporation's Powertrain Segment (NASDAQ: FDML) today announced that it has entered a definitive agreement to sell its connecting rod and camshaft business to JD Norman Industries, Inc. with an effective date of June 28, 2013. The sale involves Federal Mogul's sole connecting rod machining plant, located in Windsor, Canada and only camshaft foundry, located in Lydney, United Kingdom. As part of the agreement JD Norman Industries will continue to employ Federal-Mogul's current 230 associates working in these two facilities. "The Windsor and Lydney plants are respected for their experience and high quality operations by their customers, including General Motors, Ford, Chrysler, Linamar, Jaguar, Land Rover, PSA and others, however the connecting rod and camshaft business is not core to Federal-Mogul Powertrain's long-term portfolio strategy," said Rainer Jueckstock, Federal Mogul's co-CEO and CEO Federal-Mogul Powertrain. "These plants will benefit from the industrial experience, business strategy and respected relationships with key customers offered by the JD Norman management team. We will work with them to ensure a smooth transition for customers, employees and other stakeholders." 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. Federal-Mogul was founded in Detroit in 1899. The company employs 45,000 people in 34 countries. For more information, please visit www.federalmogul.com. About JD Norman Industries JD Norman Industries, Inc. is a diversified manufacturer of metal components and systems with operations in the United States, Mexico, Canada and the United Kingdom. JD Norman is a leader in the manufacturing of highly engineered product included formed, machined and cast metals. The company serves major original equipment manufacturers of automotive, industrial and transportation products. For more information about the company, visit www.jdnorman.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 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: For Federal-Mogul: Steve Gaut +1-248-354-7826 firstname.lastname@example.org For JD Norman: Carol Bouma +1-630-458-3705 email@example.com ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Federal-Mogul Corporation via Thomson Reuters ONE HUG#1713254
Federal-Mogul Corporation : Federal-Mogul Announces Sale of its Connecting Rod and Camshaft Business Comprised of Two
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