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Billionaire investor Carl Icahn takes Federal-Mogul to Tenneco, giving him a rich new role at Tenneco in the process.
One reason Carl Icahn is selling Federal-Mogul is because customers such as AutoZone and O'Reilly bristled at the fact the billionaire investor was both their supplier and competitor.
Legendary investor Carl Icahn's aggressive expansion into the automotive segment continued in the Detroit area market this week.
Carl Icahn's Icahn Automotive Group LLC said it has acquired 19 service centers and an auto parts distribution business. It's the latest in several related acquisitions made by Icahn in recent years.
Carl Icahn imagines the next two decades or so of transportation the way a lot of experts do: Americans will ditch personal cars. He sees the migration playing into his hands.
Carl Icahn's Federal-Mogul is considering a sale of its Fel-Pro engine parts business, seeking about $1.5 billion if it pursues a deal, people familiar with the matter told Bloomberg.
Decision time at GM; Untapped gold mine for dealers?; VW to sell old, new Tiguans; Icahn buying Precision Tune stores; Tesla insurance-rate hike; Toyota backs flying car venture.
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