Federal-Mogul Completes Exit of Retail Store Operations
21 May 1998
Federal-Mogul Completes Exit of Retail Store OperationsSOUTHFIELD, Mich., May 21 -- Federal-Mogul Corporation announced it has completely exited the operation of automotive retail stores worldwide with the recent sale and closure of its retail stores in Puerto Rico. Federal-Mogul has sold 19 stores to several Puerto Rican interests and has closed the remaining sites. Terms of the sales were not disclosed. Headquartered in Southfield, Michigan, Federal-Mogul is a $5 billion automotive parts manufacturer providing innovative solutions and systems to global customers in the automotive, light truck, heavy-duty, and farm and industrial markets. The company was founded in 1899. Visit the company's web site at http://www.federal-mogul.com for more information. Federal-Mogul's press releases are available by fax through Company News On-Call, call 800-758-5804, ext. 306225.