Federal-Mogul Completes Sale of McConnelsville, Ohio, Heavy Wall Bearing Business

    SOUTHFIELD, Mich., Aug. 28 Federal-Mogul Corporation
, today reported the completion of the previously announced sale of
its industrial heavy wall bearing operation in McConnelsville, Ohio, to
Miba-Bearings - US, LLC.
    
    The McConnelsville business manufactures full round and half shell journal
bearings for use by the worldwide locomotive industry.  The friction-reducing
bearings are also supplied for large engines, compressors, rolling mills,
aircraft gearboxes and other applications.  The McConnelsville site has 270
employees and had net sales of approximately $33 million in 2000.

    This sale is part of Federal-Mogul's continuing effort to focus on core
business activities, according to Chip McClure, Federal-Mogul president and
chief operating officer.  The sale does not include engine bearings for
automotive and heavy-duty truck applications, a core Federal-Mogul business in
which the company is recognized as a global leader.

    Terms of the sale were not disclosed.

    Miba-Bearings - US, LLC is a subsidiary of Miba AG, a leading development
partner and supplier to the international engine industry based in Laakirchen,
Austria.  The company was established in 1947 and has developed into an
internationally leading supplier through strict focus on research and
development and the strategy of technology leadership.