Federal Mogul Pushes Out Motorparts Spinoff Timing As It Integrates Recent Acquisitions
When Federal Mogul Holdings (FDML) first announced that it was separating its Motorparts division from the Powertrain business, the plan was for the spin to be completed in the first half of 2015. The problem was that the company was in the midst of an acquisition boom, acquiring three different businesses – TRW’s engine components, Affinia’s chassis business and… Read More »