Federal-Mogul And Affinia Release Third Quarter Results

Federal-Mogul reported US$1.4 billion in sales during Q3 2009, an increase of US$76 million over Q2 2009. With Q1 2009 as the baseline, Federal-Mogul has raised its gross margin by 2.6 percentage points. Affinia’s net sales were US$542 million for the quarter, compared to US$581 million for the same period in 2008. The decrease in sales was primarily the result of unfavourable foreign currency translation.