Federal-Mogul
 |
|
| Public | |
| Traded as | NASDAQ: FDML |
| Industry | Automotive, Energy, Industrial and Transport powertrain and vehicle safety products |
| Founded | 1899 as the Muzzy-Lyon Company |
| Headquarters | Southfield, Michigan, United States |
|
Key people
|
Carl Icahn, Chairman of the Board Rainer Jückstock, CEO, Federal-Mogul Powertrain Daniel A. Ninivaggi, CEO, Federal-Mogul Motorparts |
| Products | Pistons, Rings, Pins, Liners, Valve Seats and Guides, Ignition, Bearings, Bushings, Heatshields, Sealing, Systems Protection, Transmission, Brake, Chassis, Wiper products |
| Revenue |
 US$7.317 billion (2014) |
 US$168 million) (2014) |
|
| Total assets |
US$7.067 billion (2014) |
| Total equity |
US$806 million (2014) |
|
Number of employees
|
48,600 (December 31, 2014) |
| Website | www.federalmogul.com |
Federal-Mogul Corporation (from 1924 to June 14, 1965, the company's name was Federal-Mogul-Bower Bearings, Inc.) is an American developer, manufacturer and supplier of powertrain components and vehicle safety products. The company’s wide variety of products are used by numerous original equipment manufacturers around the globe, as well as servicers of automotive, commercial, aerospace, marine, rail and off-road vehicles; and industrial, agricultural and power-generation equipment.
Federal-Mogul operates two independent business divisions, each with a chief executive officer reporting to Federal-Mogul’s Board of Directors.
Federal-Mogul Powertrain designs and manufacturers original equipment powertrain components and system protection products in the United States and internationally, its diversified production line consists of various products, ranging from powdered metal parts to space suits, including engine bearings, pistons, piston pins, piston rings, cylinder liners, valve seats and guides, spark plugs, ignition coils, transmission products, technical textiles and connecting rods.
Federal-Mogul Motorparts sells and distributes products under more than 20 brands in the global vehicle aftermarket, including ANCO wiper blades; Bentley-Harris protection solutions; Champion spark plugs, wipers and filters, BERU glow plugs; AE, Fel-Pro, Goetze, Nural, Glyco and Payen engine products; MOOG steering and suspension parts; and Ferodo and Wagner brake products.
The company was founded in Detroit in 1899 by J. Howard Muzzy and Edward F. Lyon as the Muzzy Lyon Company. Muzzy and Lyon went into business together producing mill supplies and rubber goods. In addition, the partners formed a subsidiary called Mogul Metal Company where they launched various bearing innovations. To fit consumer needs, the pair began producing bearings made from their own Babbitt metal called "Mogul", an alloy of tin, antimony and copper. The product was trademarked under “Mogul” and “Duro”. In addition to Babbitt metal, Muzzy and Lyon were also known for inventing the process of custom die-casting bearings to suit proper size and shape.
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Wikipedia