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Federal-Mogul Ready to Capitalize on Strengths of Cooper Automotive

9 October 1998

Federal-Mogul Ready to Capitalize on Strengths of Cooper Automotive

    SOUTHFIELD, Mich., Oct. 8 -- In the spirit of best practices,
employees at Federal-Mogul Corporation and Cooper Automotive are
well underway with integration plans to capitalize on the strengths of the
combined company.  Around the world, integration teams have been meeting in
preparation for tomorrow's expected close of Federal-Mogul's acquisition of
Cooper Automotive, a business unit of Cooper Industries, Inc .
    "We have gained tremendous potential and talent with this acquisition,"
said Dick Snell, Federal-Mogul chairman and chief executive officer.
"Federal-Mogul has become the world leader in brake friction, the North
American market leader in lighting, and our aftermarket offering has been
significantly enhanced.  We believe our customers will benefit from the
efficiencies we can generate."
    Including Cooper Automotive, Federal-Mogul has completed seven
acquisitions and joint ventures in 1998.  This year marks the company's most
successful growth period in its 99 year history as Federal-Mogul will have
grown from a $2 billion to a $7 billion company upon completion of the Cooper
Automotive acquisition.
    Cooper Automotive had 1997 revenues of $1,873 million and its principal
products include: brakes and friction, lighting, chassis parts, ignition and
wiper blades.
    Headquartered in Southfield, Michigan, Federal-Mogul is an automotive
parts manufacturer providing innovative solutions and systems to global
customers in the automotive, light truck, heavy-duty, railroad, 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.