By Kari Williamson
Net sales, however, were up 2% to US$1.8 billion as original equipment sales rose 9% to US$1.2bn.
"Federal-Mogul's highly diverse customer base and strong position on key powertrain and vehicle technologies enabled the company to continue to grow and even outpace global vehicle production growth in key technologies and regions in Q1 2012," says Rainer Jueckstock, Federal-Mogul CEO
"Strong global OE customer sales and stable aftermarket volumes resulted in another solid quarterly result. We continue on the same path with solid EBITDA performance while simultaneously investing in growth initiatives for the long-term to generate sustainable global profitable growth."
For the full year, Federal-Mogul expects to benefit from overall market growth and continued demand for higher content powertrain and vehicle technologies.