Rick Hendrick Receives NASCAR Buddy Shuman Award from Federal-Mogul Champion Spark Plug

SOUTHFIELD, Mich.--Dec. 9, 2004--Hendrick Motorsports Owner Rick Hendrick, whose NASCAR racing organization has become one of the sport's most successful enterprises, received the 2004 NASCAR/Champion(R) Spark Plug Buddy Shuman Award in a ceremony in New York City last week.

Presented annually since 1957 by Champion, "The World's Favorite Spark Plug," the Shuman Award recognizes an individual or group that has made a significant contribution to the growth of NASCAR Cup Series racing. Champion spark plugs are manufactured and marketed by Federal-Mogul Corporation (OTCBB:FDMLQ).

Hendrick came to NASCAR competition in 1984 after dominating drag-boat racing as a team owner. In its first year of Cup competition, Hendrick's team won three races and claimed three pole positions with driver Geoff Bodine. Hendrick Motorsports today operates five teams and employs more than 450 at its 62-acre complex in Concord, N.C. The organization has won more than 100 Cup Series events and claimed five Cup championships.

The 2004 Cup Series season offered continued success for Hendrick Motorsports - with two of its teams involved in the tightest championship points chase in NASCAR history - but also brought a devastating tragedy in the form of an October plane crash that claimed members of the Hendrick family and team.

"The Shuman Award committee made an excellent choice in honoring Rick," said Jay Burkhart, vice president of global marketing for Federal-Mogul. "He is an extraordinary asset to the sport and without peer in terms of his ability to build a successful racing organization. But his legacy extends well beyond this sport; Rick's generous support of charitable organizations has inspired everyone in the NASCAR community."

Hendrick, who was diagnosed as having a rare form of Leukemia in 1996, today serves on the board of The Marrow Foundation and has established the Hendrick Marrow Program to assist victims of the disease. He and his wife, Linda, reside in Charlotte, N.C.

Federal-Mogul is a leading global supplier offering a comprehensive portfolio of quality products, trusted brands and creative solutions to the automotive and other industries. The Company utilizes its engineering and materials expertise, proprietary and innovative technology, manufacturing skill, distribution flexibility and marketing power to create value for its stakeholders. The Company's principal customers include many of the world's foremost original equipment manufacturers of vehicles and industrial products, and aftermarket retailers and wholesalers.

Headquartered in Southfield, Michigan, Federal-Mogul's rich heritage began in Detroit, Michigan, in 1899. Today, Federal-Mogul employs more than 45,000 people in 29 countries. On October 1, 2001, Federal-Mogul decided to separate its asbestos liabilities from its true operating potential by voluntarily filing for financial restructuring under Chapter 11 of the Bankruptcy Code in the United States and Administration in the United Kingdom. For more information on Federal-Mogul, visit the company's Web site at http://www.federal-mogul.com.