Tenneco Inc. (ticker: TEN, exchange: New York Stock Exchange)

January 16, 2019

 
TENNECO SUPPLYING ENGINE TECHNOLOGIES FOR NINE OF WARDS 10 BEST ENGINES FOR 2019

SOUTHFIELD, Michigan, January 16, 2019…Tenneco (NYSE:TEN), through its recently acquired Federal-Mogul Powertrain division, is supplying engine technologies for nine of Wards 10 Best Engines for 2019 model year vehicles. Since the inception of the Wards 10 Best Engines competition 25 years ago, Federal-Mogul Powertrain has designed and manufactured leading technologies for many of the engines recognized each year as the “10 Best.”   

On October 1, 2018, Tenneco completed the acquisition of Federal-Mogul, a leading global supplier to original equipment manufacturers and the aftermarket. Additionally, the company expects to separate its businesses to form two new, independent companies, an Aftermarket and Ride Performance company as well as a new Powertrain Technology company, in late 2019.

"We congratulate our customers on being named a Wards 10 Best Engine," said Rainer Jueckstock, executive vice president, Tenneco Powertrain Division. "We are very proud to supply advanced engine technologies and products that power such a diverse set of engines.”

2019 award-winning engines featuring Tenneco Powertrain Division technologies include:

  • 3.0L (B58) DOHC Turbocharged I-6 (BMW X5)
  • 6.2L OHV V-8 with DFM (Chevrolet Silverado)
  • 5.0L DOHC V-8 (Ford Mustang GT/Bullitt)
  • 3.0L DOHC TurboDiesel V-6 (Ford F-150)
  • 2.0L DOHC Atkinson i-VTEC 4-Cyl./HEV (Honda Accord Hybrid)
  • 150-kW Propulsion System (Hyundai Kona EV)
  • 2.0L DOHC VC-Turbo 4-Cyl. (Infiniti QX50)
  • 2.0L DOHC Atkinson 4-Cyl./HEV (Lexus UX 250h)
  • 3.6L DOHC Pentastar eTorque V-6 (Ram 1500)

Tenneco’s Powertrain Division provides a wide range of components for these engines, including pistons, piston rings, cylinder liners, valve seats and guides, engine valves, engine bearings, ignition products, heat shields, gaskets and systems protection products. 

Since 1995, the Wards 10 Best Engines competition has recognized outstanding engines and electrified propulsion systems, as well as the technology and engineering behind them. All new or significantly improved powertrains, as well as last year's ten returning winners were eligible. Vehicles must have a base price no higher than $64,000. The winning automakers are honored at a WardsAuto ceremony in Detroit during the North American International Auto Show. 

About Tenneco  

Headquartered in Lake Forest, Illinois, Tenneco is one of the world’s leading designers, manufacturers and marketers of Ride Performance and Clean Air products and technology solutions for diversified markets, including light vehicle, commercial truck, off-highway equipment and the aftermarket, with 2017 revenues of $9.3 billion and approximately 32,000 employees worldwide. 

On October 1, 2018, Tenneco completed the acquisition of Federal-Mogul, a leading global supplier to original equipment manufacturers and the aftermarket with nearly 55,000 employees globally and 2017 revenues of $7.8 billion.  Additionally, the company expects to separate its businesses to form two new, independent companies, an Aftermarket and Ride Performance company as well as a new Powertrain Technology company, in late 2019.

About the Future Aftermarket and Ride Performance Company

Following the separation, the aftermarket and ride performance company will be one of the largest global multi-line, multi-brand aftermarket companies, and one of the largest global OE ride performance and braking companies.  The aftermarket and ride performance company’s principal product brands will feature Monroe®, Walker®, Clevite® Elastomers, MOOG®, Fel-Pro®, Wagner®, Champion® and others. The Aftermarket and Ride Performance company would have 2017 pro-forma revenues of $6.4 billion, with 57% of those revenues from aftermarket and 43% from original equipment customers.

About the Future Powertrain Technology Company

Following the separation, the powertrain technology company will be one of the world’s largest pure-play powertrain companies serving OE markets worldwide with engineered solutions addressing fuel economy, power output, and criteria pollution requirements for gasoline, diesel and electrified powertrains. The powertrain technology company would have 2017 pro-forma revenues of $10.7 billion, serving light vehicle, commercial truck, off-highway and industrial markets.

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CONTACT:
Ursula Hellstern
Federal-Mogul Powertrain Communications
49 (611) 201 9190
ursula.hellstern@federalmogul.com

 

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