BP Nears $10 Billion Castrol Stake Sale to Stonepeak 
AstraZeneca’s LATIFY Phase III Trial of Ceralasertib Misses Primary Endpoint in Lung Cancer Study 
ByteDance Plans Massive AI Investment in 2026 to Close Gap With U.S. Tech Giants 
DOJ Reaches Settlement With Blackstone’s LivCor Over Alleged Rent Price-Fixing 
Saks Global Weighs Chapter 11 Bankruptcy Amid Debt Pressures and Luxury Retail Slowdown 
Boeing Wins $2.04B U.S. Air Force Contract for B-52 Engine Replacement Program 
Mexico Antitrust Review of Viva Aerobus–Volaris Deal Signals Growth for Airline Sector 
BlackRock-Backed Global Ports Deal Faces Uncertainty Amid Cosco Demands 
South Korean Court Clears Korea Zinc’s $7.4 Billion U.S. Smelter Project, Shares Surge 
Uber and Baidu Partner to Test Robotaxis in the UK, Marking a New Milestone for Autonomous Ride-Hailing 
Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance 
John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training 
GLP-1 Weight Loss Pills Set to Reshape Food and Fast-Food Industry in 2025 
Sanofi to Acquire Dynavax in $2.2 Billion Deal to Strengthen Vaccine Portfolio 
California Regulator Probes Waymo Robotaxi Stalls During San Francisco Power Outage 
Novo Nordisk Stock Surges After FDA Approves Wegovy Pill for Weight Loss 
Nike Stock Jumps After Apple CEO Tim Cook Buys $2.9M Worth of Shares 
SOUTHFIELD, Mich., April 12, 2016 -- Federal-Mogul Powertrain, a division of Federal-Mogul Holdings Corporation (NASDAQ:FDML), was the recipient of a 2016 Automotive News PACE Award at a ceremony on April 11 in Detroit for its Hybrid Induction Welding process for pistons. The prestigious award recognizes automotive suppliers for superior innovation, technological advancement and business performance.
Hybrid Induction Welding is an innovative, Federal-Mogul-developed steel piston manufacturing process that welds various steel material combinations together for an exceptional weld quality that enables significant cost, weight, durability and performance advantages for the company’s OE customers.
“We’re extremely honored to receive this prestigious award from PACE,” said Keri Westbrooke, Director, Engineering and Technology, Federal-Mogul Powertrain. “Our commitment to innovation within Federal-Mogul Powertrain enables best-in-class powertrain products that deliver the highest levels of performance and reliability for our customers around the world.”
Federal-Mogul Powertrain has had a successful history with PACE, the recipient of 14 awards since 2006. The company received two PACE awards in 2015 for its MicroTorq® seal and DuroGlide® low friction ring pack technologies; one in 2014 for its lead-free engine bearings; two PACE awards in 2013 for its IROX® Engine Bearings and High Modulus Bonded Piston Technology; an award in 2012 for its Two-Dimensional Ultrasonic Testing for Raised Gallery Pistons; two awards in 2011 for its EcoTough®-coated piston and LKZ-Ring® oil control ring and two awards in 2010 for its DuraBowl® piston reinforcement process and High Precision Electro-Erosion Machining (HPEEM) manufacturing process. The company also was honored with PACE Awards for its High-Temperature Alloy (HTA) gaskets and Goetze® Diamond Coating (GDC®) for piston rings in 2007 and for its Monosteel® diesel piston in 2006.
The 22nd annual PACE (Premier Automotive Suppliers' Contribution to Excellence) Award was presented by Automotive News, EY and Transportation Research Center Inc. (TRC Inc.). The competition was open to suppliers who contribute products, processes, materials or services directly to the manufacture of cars or trucks. The Automotive News PACE Award is accepted around the world as the industry symbol of innovation.
Federal-Mogul earned the Automotive News PACE Award following an extensive review by an independent panel of judges including a comprehensive written application and site visit. For complete details of the Automotive News PACE Award, visit www.autonews.com/pace.
About Federal-Mogul
Federal-Mogul Holdings Corporation (NASDAQ:FDML) is a leading global supplier of products and services to the world’s manufacturers and servicers of vehicles and equipment in the automotive, light, medium and heavy-duty commercial, marine, rail, aerospace, power generation and industrial markets. The company’s products and services enable improved fuel economy, reduced emissions and enhanced vehicle safety.
Federal-Mogul operates two independent business divisions, each with a chief executive officer reporting to Federal-Mogul's Board of Directors.
Federal-Mogul Powertrain designs and manufactures original equipment powertrain components and systems protection products for automotive, heavy-duty, industrial and transport applications.
Federal-Mogul Motorparts sells and distributes a broad portfolio of products through more than 20 of the world’s most recognized brands in the global vehicle aftermarket, while also serving original equipment vehicle manufacturers with products including braking, wipers and a range of chassis components. The company’s aftermarket brands include ANCO® wiper blades; Champion® spark plugs, wipers and filters; AE®, Fel-Pro®, FP Diesel®, Goetze®, Glyco®, Nüral®, Payen® and Sealed Power® engine products; MOOG® chassis components; and Ferodo®, Jurid® and Wagner® brake products.
Federal-Mogul was founded in Detroit in 1899 and maintains its worldwide headquarters in Southfield, Michigan. The Company has more than 53,000 employees globally. For more information, please visit www.federalmogul.com.
CONTACT: Lorrie Kinney Federal-Mogul Powertrain Communications 248.354.9941 [email protected]
