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Volvo Group Purchasing Supplier Award Success for Federal-Mogul Powertrain

SOUTHFIELD, Mich., Feb. 24, 2016 (GLOBE NEWSWIRE) -- Federal-Mogul Powertrain, a division of Federal-Mogul Holdings Corporation (NASDAQ:FDML), has been recognised by the Volvo Group for excellence in supplier delivery performance, with one award and a nomination in a second category at the 2016 Volvo Group Purchasing Supplier Awards.



A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/5334c4db-f8df-4925-9165-9f1e8df4da6f

Federal-Mogul Powertrain was selected as the winning company for Delivery Excellence and was also a leading contender in the Fuel Efficiency and Innovation Excellence category. Success in the Awards process, which recognises suppliers that provide the best possible products and services to the Volvo Group, further validates Federal-Mogul’s commitment to delivering significant advances in powertrain technology for its engine manufacturer partners. The award for Delivery Excellence came in relation to the supply of engine bearings used in most of Volvo’s truck engines produced at Federal-Mogul Powertrain’s plant in Gdansk, Poland. In addition to meeting the demands of all the Volvo Group engine production sites, Federal-Mogul was cited for its service-minded flexibility and success in overcoming logistics challenges with a collaborative mindset, in order to maintain robust supply of components.

“The Volvo Group Delivery Excellence award celebrates Federal-Mogul’s commitment to meet and exceed its customers’ expectations, in all phases of the relationship – from product innovation to just-in-time delivery and service,” said Federal-Mogul Co-CEO and CEO of Federal-Mogul Powertrain, Rainer Jueckstock, speaking at the Awards presentation ceremony held in Gothenburg, Sweden, last night. “We are honoured by this endorsement from the Volvo Group and the nomination in two categories demonstrates our deep understanding of the importance of providing the highest level of engine technologies and customer service.”

The nomination in the Fuel Efficiency and Innovation Excellence category was gained by Federal-Mogul Powertrain product groups Pistons as well Rings & Liners.

“Nomination for Fuel Efficiency and Innovation Excellence in the Volvo Group Purchasing Supplier Awards is significant recognition for us,” concludes Jueckstock. “Federal-Mogul Powertrain is committed to developing and commercialising new technologies that enable advances in fuel efficiency and emissions performance and the acknowledgement of this by the Awards’ judging panel is very welcome.”

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, chassis, wipers and other vehicle 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® steering and suspension parts; 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 employs nearly 50,000 people in 34 countries. For more information, please visit www.federalmogul.com.

CONTACT Ursula Hellstern Federal-Mogul Powertrain Communications EMEA +49 (611) 201 9190 ursula.hellstern@federalmogul.com

Source:Federal-Mogul Holdings Corporation

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