Federal-Mogul Completes Acquisition of WSK Gorzyce S.A.

    SOUTHFIELD, Mich., Aug. 10 Federal-Mogul Corporation
today reported the completion of its acquisition of 85 percent of
WSK Gorzyce S.A., a leading Polish producer of pistons and other automotive
components.
    
    "This acquisition is a significant strategic fit with our Power Cylinder
System's operations and supports our growth initiatives in diesel
applications," said Wilhelm A. Schmelzer, executive vice president, Powertrain
Systems.  "We are pleased to welcome the dedicated Gorzyce employees into the
Federal-Mogul organization.  With our plans to expand their capabilities, we
have enhanced our ability to serve our customers with innovative, world-class
quality products."

    WSK employs 2,500 employees at its manufacturing location in Gorzyce,
Poland, with annual sales of approximately $50 million.  The plant currently
supplies pistons to Federal-Mogul.  WSK primarily manufactures the following
products:

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