Federal-Mogul Redirects Sponsorship of NHRA Sportsman Series

SOUTHFIELD, Mich., Nov. 27 -- Federal-Mogul Corporation will launch a 2002 initiative to increase direct support of National Hot Rod Association sportsman competitors through multiple contingency purses and an expanded low-qualifier award program. As part of this new strategic involvement in NHRA competition, the company will exit its title sponsorship of the Federal-Mogul Drag Racing Series.

Federal-Mogul's direct support of sportsman drivers and teams will include an increased Sealed Power® Low-Qualifier Award prize purse at all 42 NHRA divisional events in 2002, as well as significant contingency award packages in support of the company's Speed-Pro® engine parts and Fel-Pro® gaskets brands.

The company's Sealed Power engine parts brand, which last year became the first ``official brand'' of NHRA within the engine parts category, will maintain that status in 2002.

``It was clear back in 1997 when we launched the NHRA Federal-Mogul Drag Racing Series that sportsman racers needed more than a sponsor -- they needed a proactive marketing partner,'' said Ann Skrycki-Mohler, marketing services manager for Federal-Mogul. ``We're very pleased to continue in that role in 2002 through a variety of programs that focus on our industry-leading brands and directly benefit the more than 36,000 competitors in the sportsman racing categories.''

In 1997, when Federal-Mogul assumed title sponsorship of the NHRA series -- which covers all divisional and national competition in the sport's eight largest racing categories -- the company increased year-end championship prize purses by more than 50 percent. Federal-Mogul again increased championship purses in 2000 and introduced the Sealed Power Low-Qualifier Award, which pays cash prizes to the low-qualifiers in five racing categories at each event.

``We're pleased about the new opportunities for sportsman racing through our marketing partnership with Federal-Mogul and its leading brands of underhood components,'' said NHRA President Tom Compton. ``The NHRA sportsman series is in a stronger position, both from a competitive and sponsorship perspective, than any time in its history. Soon, we will introduce a new divisional series sponsor who will help carry this growth forward and continue to build upon the foundation started by Federal-Mogul.''

Headquartered in Southfield, Michigan, Federal-Mogul Corporation is an automotive parts manufacturer providing innovative solutions and systems to global customers in the automotive, small engine, heavy-duty and industrial markets. The company was founded in 1899. Visit the company's Web site at http://www.federal-mogul.com for more information.