Tenneco Spin-off (DRiV) Notes

9.23.2020 Update

  • Tenneco originally announced way back on April 10, 2018 that in conjunction with its acquisition of Federal-Mogul, it would separate into two companies.
    • The aftermarket and ride performance company will include Tenneco Ride Performance and Federal-Mogul Motorparts. It will focus on making aftermarket parts, shock absorbers, suspension systems, and brake parts.
    • Powertrain technology company will include Tenneco Clean Air and Federal-Mogul Powertrain.

  • The Federal-Mogul acquisition closed on Oc