|
Go To |
Headquarters:
Website: http://www.federalmogul.com Federal Mogul is a leading global supplier of products and services to the world's manufacturers and servicers of vehicles and equipment in the automotive, light, medium and heavy-duty commercial, marine, rail, aerospace, power generation and industrial markets. The company's products and services enable improved fuel economy, reduced emissions and enhanced vehicle safety. Federal-Mogul operates two independent business segments, each with a chief executive officer reporting to Federal-Mogul's Board of Directors. Federal-Mogul's Powertrain segment designs and manufactures original equipment powertrain components and systems protection products for automotive, heavy-duty, industrial and transport applications. Federal-Mogul's Vehicle Components segment sells and distributes a broad portfolio of products through more than 20 of the world's most recognized brands in the global vehicle aftermarket, while also serving original equipment vehicle manufacturers with products including braking, chassis, wipers and other vehicle components. The company's aftermarket brands include ANCO wiper blades; Champion spark plugs, wipers and filters; AE, Fel-Pro, FP Diesel, Goetze, Glyco, Nüral, Payen and Sealed Power engine products; MOOG steering and suspension parts; and Ferodo and Wagner brake products. The Company has 94 manufacturing and 17 distribution facilities worldwide. In 2013, the company reported revenues of $6.78 billion, a 5% increase, and net income of $41 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. 2008 - Company emerges from bankruptcy. Benefits Some of the valuable U.S. benefits include: Flexible Spending Accounts (FSA) Updated February 22, 2014 |