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October 2, 2008 09:20 AM Eastern Daylight Time

Federal-Mogul Corporation Schedules Conference Call and Audio Web Cast for Third Quarter 2008 Results

SOUTHFIELD, Mich., Oct. 2 /PRNewswire-FirstCall/ -- Federal-Mogul Corporation (NASDAQ: FDML) today announced that the Company's third quarter 2008 financial results conference call and audio Web cast will be held on Wednesday, October 22, 2008 at 9:00 a.m., EDT.

  To participate in the call:
      Domestic calls: 888-680-0878
      International calls:  617-213-4855

      Pass code I.D. 43765043

To facilitate rapid connection the morning of the call, please use the pre-registration link at https://www.theconferencingservice.com/prereg/key.process?key=PPD7RUC69 .

The live audio Web cast is also available in the Investor Relations section of the corporate Web site by clicking here.

An audio replay of the call will be available two hours following the call and will be accessible until November 19, 2008 at:

      Domestic calls:  888-286-8010
      International calls: 617-801-6888

      Pass code I.D. 94128447

The third quarter press release can be downloaded here on October 22, 2008 at 8:00 a.m.

  Investor Relations Contact:  David Pouliot
                               (248) 354-7967
                               David.Pouliot@federalmogul.com

  About Federal-Mogul

Federal-Mogul Corporation is a leading global supplier of powertrain and safety technologies, serving the world's foremost original equipment manufacturers of automotive, light commercial, heavy-duty, agricultural, marine, rail, off-road and industrial vehicles, as well as the worldwide aftermarket. The company's leading technology and innovation, lean manufacturing expertise, as well as marketing and distribution deliver world- class products, brands and services with quality excellence at a competitive cost. Federal-Mogul is focused on its sustainable global profitable growth strategy, creating value and satisfaction for its customers, shareholders and employees. Federal-Mogul was founded in Detroit in 1899. The company is headquartered in Southfield, Michigan, and employs nearly 50,000 people in 35 countries. Visit the company's Web site at http://www.federalmogul.com/ .

Forward-Looking Statements

Statements contained in this press release, which are not historical fact, constitute "Forward-Looking Statements." Actual results may differ materially due to numerous important factors that are described in Federal-Mogul's most recent report to the SEC on Form 10-K, which may be revised or supplemented in subsequent reports to the SEC on Forms 10-Q and 8-K. Such factors include, among others, the cost and timing of implementing restructuring actions, the Company's ability to generate cost savings or manufacturing efficiencies to offset or exceed contractually or competitively required price reductions or price reductions to obtain new business, conditions in the automotive industry, and certain global and regional economic conditions. Federal-Mogul does not intend or assume any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

CONTACT: Paula Silver - 248-354-4530

Jennifer Rass - 248-354-7502

SOURCE: Federal-Mogul Corporation

CONTACT: Paula Silver, +1-248-354-4530, or Jennifer Rass,
+1-248-354-7502, both of Federal-Mogul Corporation

Web site: http://www.federal-mogul.com/

Company News On-Call: http://www.prnewswire.com/comp/306225.html


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