Investopedia: Segmenting The Business Doesn't Solve Federal-Mogul's Biggest Challenges

Although the passenger vehicle market has stayed relatively healthy in the United States, slowdowns in Europe and emerging markets have left many auto parts companies drifting this year. In the case of Federal-Mogul (Nasdaq:FDML), it could be argued that macro pressures have hidden some of the cost improvements the company is trying to make, while the weak performance of the aftermarket business has likewise weighed on the numbers. Although Federal-Mogul likely can do better from here, investors should not lose sight of the risks that accompany the stock.

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