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Down: 0 Get FEMOW Federal Mogul Corp, featured on our site and start reaching new potential investors right now. Contact: Real Pennies - 1-212-662-2147Federal Mogul Corp Details:Federal-Mogul Corporation manufactures and distributes parts, components, modules, and systems to customers in the automotive, small engine, heavy-duty, marine, railroad, aerospace, and industrial markets. It operates primarily through five segments: Powertrain Energy, Powertrain Sealing and Bearings, Vehicle Safety and Protection, Automotive Products, and Global Aftermarket. The Powertrain Energy segment offers pistons, piston rings, piston pins, cylinder liners, valve seats and guides, and transmission components used in automotive, light truck, heavy-duty, industrial, marine, agricultural, power generation, and small air-cooled engine applications. The Powertrain Sealing and Bearings segm...
CONSUMER DISCRETIONARY SECTOR | AUTO COMPONENTS INDUSTRY Federal Mogul Corp (FEMOW:OTC)
FEMOW On Other Exchanges
FEMOW DetailsDetailed Description...
www.federal-mogul.com
50,000 Employees
Founded in 1899
Top Compensated Officers
Mr. Jos?aria Alapont
Chief Executive Officer and President
Age: 57
Total Annual Compensation: $1.5M
Mr. Jean Brunol
Senior Vice President of Business & Operation...
Age: 55
Total Annual Compensation: $548.4K
Mr. Rene L. F. Dalleur
Senior Vice President of Vehicle Safety & Pro...
Age: 54
Total Annual Compensation: $477.6K
Mr. William S. Bowers
Senior Vice President of Sales & Marketing an...
Age: 55
Total Annual Compensation: $400.0K
Executives, Board Directors Compensation as of Fiscal Year 2007.
Key developmentsFederal-Mogul Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2008
10/22/2008
Federal-Mogul Corp. reported earnings results for the third quarter and nine months ended September 30, 2008. For the quarter, the company reported net income was $3.6 million or $0.04 per diluted share on net sales of $1,692.0 million against the net income of $13.7 million or $0.15 per diluted share on net sales of $1,685.5 million for the same period last year. Favorable foreign currency exchange lifted sales by $65 million in Europe and offset volume declines occurring largely in North America, while Asia-Pacific and other markets continued to perform. For the nine months, the company reported net income was $61.7 million or $0.62 per diluted share on net sales of $5,546.4 million against the net income of $22.2 million or $0.24 per diluted share on net sales of $5,165.4 million for the same period last year. Federal-Mogul Corp., Q3 2008 Earnings Calls, Oct-22-2008
10/2/2008
Federal-Mogul Corp., Q3 2008 Earnings Calls, Oct-22-2008 Federal-Mogul Corp. Announces Reduction of Workforce
09/17/2008
Federal-Mogul Corp. announced a restructuring plan designed to improve operating performance and respond to increasingly challenging conditions in the global automotive market. The plan, when combined with other workforce adjustments, is expected to reduce the company's global workforce by approximately 4,000 positions or 8%. The planned actions are expected to occur as a result of several initiatives designed to streamline business processes, consolidate or close selected locations, and reduce general and administrative staffing. The company is not disclosing the specific sites at this time, pending further evaluation and consultations with appropriate parties. The restructuring initiatives will begin during September 2008 and continue into 2009 with several phases of implementation. Preliminary cost estimates of the restructuring program are in the range of $60-$80 million through the end of 2009.
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