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Federal-Mogul seeks emerging-technology companies

Federal-Mogul Corp. is looking to acquire companies developing emerging technologies for electric vehicles, its CEO said.

CEO José Maria Alapont told Crain’s that Southfield-based Federal-Mogul is in talks to acquire at least two such companies. If completed, the deals would bring new technologies to Federal-Mogul’s existing portfolio of engine and safety components.

[Crain’s Detroit Business]