Federal-Mogul Signs Agreement to Sell OE Molded Lighting Assembly Operations to Decoma International

Mar 12, 2003, 00:00 ET from Federal-Mogul Corporation

    SOUTHFIELD, Mich., March 12 /PRNewswire-FirstCall/ --
 Federal-Mogul Corporation (OTC Bulletin Board:   FDMLQ) and
 Decoma International Inc. (Nasdaq:   DECA; TSE: DEC.A) have signed an agreement
 under which Federal-Mogul would sell its original equipment (OE) molded
 lighting assembly operations to Decoma International, based in Concord,
 Ontario, Canada.  The agreement is subject to approval by the U.S. Bankruptcy
 Court in Wilmington, Delaware, and other conditions.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20000525/DETH025LOGO )
     Federal-Mogul in August 2002 announced plans to explore the sale of
 certain OE lighting operations to Decoma International.
     Under the sale agreement, Decoma International would acquire Federal-
 Mogul's OE lighting manufacturing facility in Matamoros, Mexico; a
 distribution center in Brownsville, Texas; and an assembly operation in
 Toledo, Ohio.  Decoma International would also acquire the customer contracts
 and supporting manufacturing equipment at Federal-Mogul's lighting facility in
 Hampton, Virginia.
     The OE lighting plants to be acquired from Federal-Mogul by Decoma
 International have more than 400 employees and produce primarily forward
 lighting modules for cars and trucks.
     Federal-Mogul will continue to maintain its lighting manufacturing
 operations in Boyertown, Pennsylvania, and Sparta, Tennessee, which produce
 bulbs, sealed beam and light source products to Tier 1 suppliers who in turn
 sell them to vehicle manufacturers.  Federal-Mogul also will maintain its
 Wagner(R) Lighting products manufactured in Boyertown and Sparta, and its
 Zanxx(R) lamp socket business in Avilla, Indiana.
     Federal-Mogul is a global supplier of automotive components and sub-
 systems serving the world's original equipment manufacturers and the
 aftermarket.  The company utilizes its engineering and materials expertise,
 proprietary technology, manufacturing skill, distribution flexibility and
 marketing power to deliver products, brands and services of value to its
 customers.  Federal-Mogul is focused on the globalization of its teams,
 products and processes to bring greater opportunities for its customers and
 employees, and value to its constituents.  Headquartered in Southfield,
 Michigan, Federal-Mogul was founded in Detroit in 1899 and today employs
 47,000 people in 24 countries.  For more information on Federal-Mogul, visit
 the company's web site at http://www.federal-mogul.com .

SOURCE Federal-Mogul Corporation