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Stock Market & Financial Investment News

News Breaks
December 20, 2012
06:09 EDTFDMLCarl Icahn says Investment Agreement terminated with Federal-Mogul
Carl Icahn disclosed that on December 19, as a result of the withdrawal of its plan to seek certain amendments to its credit facility, the Investment Agreement with Federal-Mogul was terminated by mutual agreement.
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March 31, 2015
08:08 EDTFDMLFederal-Mogul invests in new manufacturing facility in Nanchang, China
Federal-Mogul Powertrain, a division of Federal-Mogul, announced it will build a new facility for sealing and gasket products in Nanchang, China to satisfy the growing demand from Chinese OEMs to meet stringent environmental regulations. The new 24,000 square-meter facility will double the capacity of the company's current sealing manufacturing operations in Nanchang and will be located in the Nanchang Economic and Technological Development Zone. Production is expected to begin in 2016.

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