Federal-Mogul posts best quarter since Ch. 11 filing

Detroit, Michigan – Federal-Mogul Corp. posted net earnings of $5 million on revenue of $1720 million during the first quarter. That compares with a net loss of $68 million on revenue of $1600 million during the first quarter last year.

The results were the company´s best quarterly performance since it filed for Chapter 11 bankruptcy protection in October 2001, a company spokeswoman confirmed.

Earnings before taxes and other expenses improved from $53 million in the first quarter last year to $199 million in the first quarter…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with