Tenneco Inc. (ticker: TEN, exchange: New York Stock Exchange)
October 28, 2019
WAGNER® REMINDS CONSUMERS TO HAVE THEIR BRAKES CHECKED FOR WEAR AND TEAR
During Fall Car Care Month, Inspect Your Brakes to Be Prepared for the Changing Weather Ahead
Southfield, Michigan, October 28, 2019 – Did you experience a summer full of rough weather and difficult driving conditions? Even the most routine driving situations will take a toll on vehicles, so now is the time to make sure that your car is road-worthy for the changing weather conditions that lie ahead. October is Fall Car Care Month, and Wagner® Brake wants drivers to be educated about the importance of maintaining all aspects of their vehicle’s braking systems.
The hot and harsh driving conditions that were seen in many areas of the country during the summer months can cause major damage to a vehicle’s brake pads and rotors. If a car begins to experience reduced stopping power or excess noise coming from the brake or rotor, or if the brake pedal feels low or spongy, it may be time for a brake inspection and possible repair. Wagner offers a comprehensive set of braking solutions designed for the demands of your vehicle, to get you back on the road quickly and safely.
Featuring a wide range of brake pads, from its innovative Wagner OEX product line offering premium braking performance, to its Wagner QS™ line, compatible with 99% of vehicles in operation, Wagner products are engineered for peak braking performance. Wagner OEX, for example, offers better corrosion resistance and fitment over paint and powder coatings, which increases pad life and aids in noise-reduction. Other products are specifically engineered to decrease vibration and increase performance. All formulations are either low copper or meet 2025 requirements for zero copper.
Wagner also offers premium replacement brake rotors featuring E-Shield® protective coating technology, designed to help prevent corrosion. E-Shield rotors have patented, application-specific vane configurations, providing superior cooling for exceptional braking performance and reduced noise, vibration and harshness.
“Braking components are one of the most important safety systems on a vehicle, and neglecting them can lead to hazardous situations and tenuous driving conditions,” said Nicholas Thomas, product manager, Braking. “As temperatures fall and the chance of inclement weather increases, consumers should have their braking systems checked for any damage or potential stopping issues before it jeopardizes vehicle integrity and passenger safety. Wagner is here to help; we offer a wide-range of premium brake pads and rotors to assist customers in getting quality braking performance from their cars.”
To learn more about Wagner’s full line of premium braking products, please contact your local shop or mechanic, or visit www.wagnerbrake.com. To learn more about Fall Car Care Month, visit the Car Care Council at http://www.carcare.org/.
About DRiVTM - the future Aftermarket and Ride Performance Company
Following Tenneco Inc.’s (NYSE: TEN) expected separation to form two independent companies, an Aftermarket and Ride Performance company (DRiV™) as well as a new Powertrain Technology company, DRiV 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. DRiV’s principal product brands will feature Monroe®, Öhlins®, Walker®, Clevite® Elastomers, MOOG®, Fel-Pro®, Wagner®, Ferodo®, Champion® and others. DRiV would have 2018 pro-forma revenues of $6.4 billion, with 54% of those revenues from aftermarket and 46% from original equipment customers.
This release contains forward-looking statements. These forward-looking statements include, among others, statements relating to our plans to separate into two independent public companies. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to materially differ from those described in the forward-looking statements, including the possibility that Tenneco may not complete the spin-off of the Aftermarket & Ride Performance business from the Powertrain Technology business (or achieve some or all of the anticipated benefits of such a spin-off); the possibility that the acquisition of Federal-Mogul or the separation may have an adverse impact on existing arrangements with Tenneco, including those related to transition, manufacturing and supply services and tax matters; the ability to retain and hire key personnel and maintain relationships with customers, suppliers or other business partners; the risk that the benefits of the acquisition of Federal-Mogul or the separation, including synergies, may not be fully realized or may take longer to realize than expected; the risk that the acquisition of Federal-Mogul or the separation may not advance Tenneco’s business strategy; the risk that Tenneco may experience difficulty integrating all employees or operations; the potential diversion of Tenneco management’s attention resulting from the separation; as well as the risk factors and cautionary statements included in Tenneco’s periodic and current reports (Forms 10-K, 10-Q and 8-K) filed from time to time with the SEC. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. Unless otherwise indicated, the forward-looking statements in this release are made as of the date of this communication, and, except as required by law, Tenneco does not undertake any obligation, and disclaims any obligation, to publicly disclose revisions or updates to any forward-looking statements. Additional information regarding these risk factors and uncertainties is detailed from time to time in the company's SEC filings, including but not limited to its annual report on Form 10-K for the year ended December 31, 2018.
Karen Shulhan (DRiV) – 248.354.4383
Drew Shippy (Pinnacle Media) – 330.688.3500