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Home › Federal-Mogul Halts Motorparts Spinoff

 

Federal-Mogul Halts Motorparts Spinoff

2016-02-21 04:53:09| Auto Parts - Topix.net

Federal-Mogul Corp., the diversified automotive supplier and aftermarket parts maker controlled by investor Carl Icahn, said on Jan. 15 it will not spin off its Motorparts aftermarket parts division as it had planned. The Southfield-based firm said in a statement that its Powertrain and aftermarket parts divisions will continue to operate separately under two CEOs who report to Federal-Mogul's board of directors.

Tags: halts spinoff federalmogul

Category:Automotive

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