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Federal Mogul

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About Federal Mogul

For Federal-Mogul, the sum of the parts is greater than the whole. The company makes components used in cars, trucks, and commercial vehicles, as well as in energy, industrial, and other transportation equipment. Its products include pistons, spark plugs, ignition coils, bearings, gaskets, seals, and brake pads sold under brand names such as Champion, – more... Federal-Mogul, Fel-Pro, Glyco, and Moog. Federal-Mogul has manufacturing and distribution facilities in 34 countries worldwide; customers include global automakers BMW, Ford, General Motors, and Volkswagen. Federal-Mogul also distributes its own and other company's auto parts to aftermarket customers. About 60% of sales come from outside the US.

Geographic Reach

Federal-Mogul operates almost 175 worldwide manufacturing facilities, technical and distribution centers, as well as sales and administration offices. The US represents its largest market, generating 37% of its total revenue; Germany is next in line, representing almost 20% of sales.

Operations

In September 2012 Federal-Mogul restructured its operations into two segments in order to focus on two distinct customer sets. Its new powertrain segment makes and sells original equipment products for automotive, heavy duty, and industrial applications. The vehicle components segment distributes products in the global vehicle aftermarket and also serves original equipment (OE/OES) manufacturers with vehicle products like brakes, chassis, wipers, and other vehicle components.

Financial Analysis

The company has worked to rebuild its health after a rough decade. Its total sales increased by 11% from 2010 to 2011. Sales for its powertrain energy segment increased by 24% as a result of stronger market share gains in all regions and the 2010 acquisition of piston ring supplier Daros Group. Other segments that increased its sales in 2011 included powertrain sealing and bearings (16%) and vehicle safety and protection (8%).

After earning a profit of $167 million in 2010, Federal-Mogul suffered a net loss of $83 million in 2011 as a result of a weakened US dollar and an increase in manufacturing, labor, and variable overhead costs associated with the higher production volume.

Strategy

Federal-Mogul is taking steps to maintain its flexibility and reduce its dependence on cars, trucks, and commercial vehicles by applying its core products in other areas. For example, it has expanded into the aerospace (brake products for airplanes), railroad (piston rings for locomotives), and off-shore and marine markets (large bore rings and seals). Its push into power generation (large bearings for windmills) included its mid-2010 acquisition of piston ring supplier Daros Group, which expanded Federal-Mogul's presence in commercial engines and wind energy.

Federal-Mogul has a number of joint ventures and alliances, allowing it to expand its geographic reach into emerging markets, including the BRIC (Brazil, Russia, India, China) countries, as well as South Korea and Turkey. Federal-Mogul maintains a controlling interest in just over half of its almost 30 joint ventures in 13 countries. These partnerships also allow the company to lower manufacturing costs, broaden its customer base, and develop and extend its product lines. Federal-Mogul works closely with customers to develop products specific to their needs, utilizing its research and development centers in major global auto manufacturing locations including the US, Germany, UK, France, China, and Japan.

Mergers and Acquisitions

In 2012 Federal-Mogul purchased the spark plug business belonging to BorgWarner. The deal improved the company's European market share by adding new spark plug manufacturing sites located in France and Germany.

Ownership

Billionaire investor and chairman Carl Icahn owns a little more than 77% of Federal-Mogul. – less

Federal Mogul Employer Reviews

Line Puller & Quality Inspector (Former Employee), South Bend, INSeptember 9, 2014
Machine Operator (Former Employee), Van Wert, OHSeptember 9, 2014
Cure Press Technician (Temporary) (Former Employee), Smithville, TNSeptember 9, 2014
Cure Press Technician (Temporary) (Former Employee), Smithville, TNSeptember 9, 2014
maintenance mechanic (Former Employee), Greenville miSeptember 4, 2014

Working at Federal Mogul

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