Federal-Mogul Completes Sale of OE Lighting Assembly Operations

SOUTHFIELD, Mich., April 17 -- Federal-Mogul Corporation (BULLETIN BOARD: FDMLQ) has completed the sale of certain original equipment lighting assembly operations to Decoma International Inc., based in Concord, Ontario, Canada.

The sale was completed April 14, following approval by the U.S. Bankruptcy Court on April 2. Federal-Mogul will realize approximately US$19 million, including the value of inventory sold to Decoma International and assets retained by Federal-Mogul.

Decoma International acquired Federal-Mogul's original equipment lighting manufacturing facility in Matamoros, Mexico; a distribution center in Brownsville, Texas; and an assembly operation in Toledo, Ohio. As part of the transaction, Decoma International will also acquire customer contracts and supporting manufacturing equipment at the Federal-Mogul lighting facility in Hampton, Virginia, which will transition to Decoma International over the next several months. The facilities produce mainly forward lighting modules for cars and trucks.

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 47,000 people in 24 countries. For more information on Federal-Mogul, visit the company's web site at http://www.federal-mogul.com/ .

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000525/DETH025LOGO
PRN Photo Desk, +1-888-776-6555 or +1-212-782-2840

Company News On-Call: http://www.prnewswire.com/gh/cnoc/comp/306225.html