---

Federal-Mogul Announces Agreement to Acquire Camshaft Operations

11 December 1998

Federal-Mogul Announces Agreement to Acquire Camshaft Operations of Crane Technologies

    SOUTHFIELD, Mich., Dec. 10 -- Federal-Mogul Corporation
, announced today that it has entered into an agreement with the
Crane Technologies Group, Inc., to acquire certain of its camshaft machining
operations.
    "The acquisition of these operations provides Federal-Mogul with
manufacturing capacity necessary for our future growth," said Frank Tomes,
executive vice president, General Products.
    The camshaft operations are located in Orland, Indiana and Jackson,
Michigan.  They employ approximately 230 people with sales of over $36
million.  Terms of the sale were not disclosed.
    Federal-Mogul's Camshaft Group offers three major camshaft technologies --
castings, barstock and assembled -- from focused manufacturing locations
around the world.
    Headquartered in Southfield, Michigan, Federal-Mogul is a $7 billion
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.