Federal-Mogul Announces Agreement to Acquire WSK Gorzyce S.A.

    SOUTHFIELD, Mich., March 28 Federal-Mogul Corporation
, announced today that it has signed an agreement to acquire 85
percent of WSK Gorzyce S.A., a leading Polish producer of pistons and other
automotive components.  Completion of the transaction is contingent upon
obtaining all necessary permits and legal approvals.
    
    "This acquisition supports the corporation's goal to make immediate
operational improvements, including growing our core businesses," said Wilhelm
A. Schmelzer, executive vice president, Europe, Africa and South America,
Federal-Mogul.  "It will allow us to expand our world-class manufacturing
capabilities in pistons and related components, while strengthening our
ability to serve customers around the world."

    WSK, which currently supplies pistons to Federal-Mogul, employs more than
2,500 employees at its Gorzyce, Poland, location.  Annual sales for 2000 were
$50 million.  WSK primarily manufactures the following products:

    *  pistons for gasoline and diesel engines
    *  piston pins
    *  alloy wheels