Federal-Mogul Receives Exclusive North American Marketing Rights to TRW Replacement Chassis Parts

SOUTHFIELD, Mich., July 16 Federal-Mogul Corporation and TRW Inc. today announced a strategic agreement through which Federal-Mogul will retain exclusive rights to market, package and distribute TRW branded chassis products within the North American replacement parts industry. Subject to approval by the U.S. Bankruptcy Court in Wilmington, Delaware, the agreement represents an extension of a long-term supply and license arrangement for TRW branded chassis parts dating to 1992.

Among the existing customers to be serviced under the new agreement will be TRW Autospecialty, part of TRW Automotive's aftermarket business. The TRW branded chassis program will be launched with TRW Autospecialty as soon as possible, according to Jay Burkhart, vice president, marketing, Federal-Mogul.

"TRW is a very well known and respected brand of OE-replacement chassis components," Burkhart said. "We are excited to relaunch the TRW chassis program within the North American aftermarket and look forward to developing a wide range of new strategic market opportunities for this strong brand."

Peter Lake, vice president and general manager, planning and business development and parts and service for TRW Automotive, said: "We are confident Federal Mogul will do an excellent job in servicing the replacement market with the TRW branded product line. Our TRW Autospecialty unit looks forward to offering an expanded and aggressive TRW chassis program."

Federal-Mogul is a global supplier of automotive components and sub- systems serving the world's original equipment manufacturers and the aftermarket. The company utilizes its engineering and materials expertise, proprietary technology, manufacturing skill, distribution flexibility and marketing power to deliver products, brands and services of value to its customers. Federal-Mogul is focused on the globalization of its teams, products and processes to bring greater opportunities for its customers and employees, and value to its constituents. Headquartered in Southfield, Michigan, Federal-Mogul was founded in Detroit in 1899 and today employs 49,000 people in 24 countries. For more information on Federal-Mogul, visit the company's web site at http://www.federal-mogul.com .

TRW Autospecialty is part of TRW Automotive's aftermarket business, which delivers a comprehensive range of replacement parts for braking, steering and suspension and clutch systems covering passenger car, sport utility vehicle and light truck applications. TRW Automotive is a world leader in braking, steering and suspension systems, automotive electronics, fastening systems, occupant safety systems, commercial steering systems and engine components for the global automotive industry.