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Website: http://www.federal-mogul.com Federal Mogul is a leading global supplier of vehicular parts, components, modules and systems to customers in the automotive, small engine, heavy-duty, marine, railroad, aerospace and industrial markets. -Mogul has established an expansive global presence and conducts its operations through various manufacturing, distribution and technical centers that are wholly-owned subsidiaries or partially-owned joint ventures, organized into five primary reporting segments; Powertrain, Sealing Systems, Vehicle Safety and Performance, Aftermarket Products and Services, and Corporate. Federal-Mogul offers its customers a diverse array of market-leading products for original equipment ("OE") and parts replacement ("aftermarket") applications, including engine bearings, pistons, piston pins, piston rings, ignition products, fuel products, cylinder liners, valve seats and guides and transmission products, connecting rods, sealing systems, element resistant systems protection sleeving products, electrical connectors and sockets, disc pads and brake shoes, and lighting, wiper and chassis products. The Company's principal customers include most of the world's original equipment manufacturers ("OEM") of vehicles and industrial products and aftermarket retailers and wholesalers. The Company had 201 manufacturing/technical centers, distribution and sales and administration office facilities worldwide. Federal Mogul is under Chapter 11 bankruptcy reorganization since 2001. It filed for bankruptcy to protect the company against asbestos litigation. In 2006, the company had revenues of $6.3 billion and net loss of $549.6 million. History 1899 - J. Howard Muzzy and Edward F. Lyon formed Muzzy-Lyon Company, Ltd., to sell mill supplies. 1900 - Doors to first Muzzy-Lyon building opened at 56-58 Woodward Avenue, Detroit. Began experimenting, in a shed on Jefferson Avenue, with Babbitt metals and alternate ways to manufacture automotive bearings. 1901 - Created new Babbitt metal called Mogul, which sold under the brand names Duro and Mogul. Established the subsidiary Mogul Metal Company. 1924 - Federal-Mogul Corporation created with merger of Muzzy-Lyon (Mogul Metal) and Federal Bearing and Bushing, becoming a major supplier of Babbitt and bronze. Purchased Douglas-Dahlin Company, creating first Service Division. 1965 - Changed name back to Federal-Mogul after merger with Sterling Aluminum Products (liquidated and dissolved in 1968). Acquired Rich Manufacturing Corporation (liquidated and dissolved in 1968). Sales reached $214.8 million. 1966 - Opened Corporate Headquarters in Southfield, MI. Research Division moved to new facility in Ann Arbor. Employment reached 12,422. 2001 - Company filed for Chapter 11 bankruptcy to separate its businesses from asbestos liability and settle lawsuits against it. Benefits Some of the valuable U.S. benefits include: Flexible Spending Accounts (FSA) Updated July 8, 2007 |