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Stock Market & Financial Investment News

News Breaks
January 22, 2014
08:36 EDTFDMLFederal-Mogul to purchase Affina chassis component business
Federal-Mogul announced that it has entered into a definitive asset purchase agreement to acquire Affinia's chassis components business. The Affinia business serves U.S. aftermarket customers with branded and private label chassis product lines. The transaction is subject to customary regulatory approvals.
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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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