Federal-Mogul Wins $400-Million Power Cylinder System Contract

Autoparts Report,  Nov 15, 2000  

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Federal-Mogul Corp. said that it has been awarded a contract to design and supply a Power cylinder system for a major automotive manufacturer. The agreement, expected to generate nearly $400 million for Federal-Mogul over the anticipated life of the program, is the fourth Power cylinder system contract awarded to Federal-Mogul in 2000. Federal-Mogul expects to begin producing the power cylinder system in 2002.

"This award further validates our expertise and growing reputation as a provider of engine systems and modules," said Alan Johnson, executive vice president, The Americas and Asia. "Importantly, we will be responsible for the overall design of the system, and will coordinate the integration of the various engineered components. Having responsibility for system design reflects our customers' confidence in our ability to develop a complete Power Cylinder System that addresses the need for engine performance, emission control and fuel economy."

In July, Federal-Mogul announced it had been awarded three contracts by two major auto manufacturers for power cylinder systems valued at $900 million over the contract periods.

COPYRIGHT 2000 Ron DeMarines
COPYRIGHT 2008 Gale, Cengage Learning