Federal-Mogul Powertrain named as one of Volkswagen Group Award Winners 2016

SOUTHFIELD, Mich., June 14, 2016 (GLOBE NEWSWIRE) -- Federal-Mogul Powertrain, a division of Federal-Mogul Holdings Corporation (NASDAQ:FDML) has achieved success at the 2016 Volkswagen Group Awards. The prestigious recognition has been earned by sustained supplier excellence, in particular as a development partner for the new EA288evo and the EA211evo engines by delivery of pistons, piston rings, bearings and valves for the vehicle manufacturer group.

Federal-Mogul Co-CEO and CEO of Federal-Mogul Powertrain, Rainer Jueckstock received the Volkswagen Group Award from Matthias Müller (left), CEO of Volkswagen Aktiengesellschaft, and Dr. Francisco Javier Garcia Sanz (right), Member of the Group Board of Management responsible for Procurement, at the 2016 celebration event in Berlin, Germany . Photo © Volkswagen AG

The Group Award presented by Matthias Müller, CEO of Volkswagen Aktiengesellschaft, and Dr. Francisco Javier Garcia Sanz, Member of the Group Board of Management responsible for Procurement, recognizes innovative strength, product quality, technical expertise, flexible delivery performance, global presence and professional global project management.

“Acknowledgement by the Volkswagen Group Awards is an endorsement of Federal-Mogul Powertrain’s goal to exceed expectations as a supplier, and to develop innovative technologies that lead to commercial success for our partners,” said Federal-Mogul Co-CEO and CEO of Federal-Mogul Powertrain, Rainer Jueckstock. He received the Group Award at the event, held in Berlin, Germany. “We are delighted to be named as one of Volkswagen Group’s best suppliers and are honored to continue working collaboratively to achieve common goals of heightened efficiency, reduced emissions and improved industrial and mechanical flexibility.”

At the award event it was stated that, following an extensive evaluation and judging process, Federal-Mogul Powertrain’s position as a highly competitive technology leader operating a global footprint and collaborative attitude further contributed towards its category success. Each year Volkswagen Group honors its best suppliers for their entrepreneurial performance during the previous year. This year 21 companies were recognized with the Group Award. More than 240 guests from 24 countries were in attendance at the now customary annual awards day.

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.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/bc4b8990-8cf6-452c-a313-da5b52c96621

CONTACT: Paul Chadderton Market Engineering +44 (0)1295 277050 paul.chadderton@m-eng.com Ursula Hellstern Federal-Mogul Powertrain Communications +49 (611) 201 9190 ursula.hellstern@federalmogul.com

Source:Federal-Mogul Holdings Corporation