FEMO BK > pink > BB > Naz tomorrow, apparently
Federal-Mogul Corporation to List Class A Common Stock on NASDAQ
Federal-Mogul Corporation (OTCBB: FEMO) announced that its Class A Common Stock will be listed on the NASDAQ Global Market on April 23, 2008, and will trade under the ticker symbol “FDML.” President and Chief Executive Officer José Maria Alapont and a representative group of employees are slated to commemorate the listing at the NASDAQ MarketSite in New York at the market opening on April 23.
“The listing of Federal-Mogul’s Common Stock on NASDAQ will be a significant milestone for the Company. We are focused on executing our sustainable global profitable growth strategy based on leading technology and innovation to satisfy customers, shareholders and employees,” Alapont said.
Federal-Mogul announced on April 8, 2008 that it will report its first quarter 2008 results on April 22, 2008.
About Federal-Mogul
Federal-Mogul Corporation is a leading global supplier, serving the world’s foremost original equipment manufacturers of automotive, light commercial, heavy-duty, agricultural, marine, rail, off-road and industrial vehicles, as well as the worldwide aftermarket. The Company’s leading technology and innovation, lean manufacturing expertise, as well as marketing and distribution deliver world-class products, brands and services with quality excellence at a competitive cost. Federal-Mogul is focused on its sustainable global profitable growth strategy, creating value and satisfaction for its customers, shareholders and employees. Federal-Mogul was founded in Detroit in 1899. The Company is headquartered in Southfield, Michigan, and employs 50,000 people in 35 countries. Visit the Company’s Web site at www.federal-mogul.com.
Forward-Looking Statements
Statements contained in this press release, which are not historical fact, including the anticipated date of listing of the Class A Common Stock on the NASDAQ Global Market, constitute "Forward-Looking Statements." Actual results may differ materially due to numerous important factors that are described in Federal-Mogul's most recent report to the SEC on Form 10-K, which may be revised or supplemented in subsequent reports to the SEC on Forms 10-Q and 8-K. Such factors include, among others, the cost and timing of implementing restructuring actions, the Company's ability to generate cost savings or manufacturing efficiencies to offset or exceed contractually or competitively required price reductions or price reductions to obtain new business, conditions in the automotive industry, and certain global and regional economic conditions. Federal-Mogul does not intend or assume any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.
Note to Editors: There should be an accent symbol over the "é" in "José" above.
Federal-Mogul Corporation
Paula Silver, 248-354-4530
or
Jennifer Rass, 248-354-7502
Source: Business Wire (April 10, 2008 - 10:13 AM EDT)
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