By Kirk Pinho, Crain News Service
DETROIT (Sept. 10, 2013) — Automotive supplier Federal-Mogul Corp. plans to move its 650-700 employees at its Southfield, Mich., headquarters to a new office in a neighboring Detroit suburb next year.
The company, which makes a variety of powertrain components and brand-name aftermarket parts, is moving into about 180,000 square feet of space in the four-building Arboretum Office Complex in nearby Farmington Hills from its current office just a few miles north of Detroit, a source told Crain's Detroit Business magazine.
Federal-Mogul is the sole tenant in a complex totaling about 360,000 square feet, but it needs an office only about half that size due to a reduction in employees over the past several years, said spokesman Jim Burke. He said the company is in the final stages of negotiations for leased space outside of Southfield, but was unable to confirm whether the move is to the Arboretum.
He said employees were notified of the move a few weeks ago.
Federal-Mogul emerged from Chapter 11 bankruptcy in December 2007 under the control of longtime Wall Street investor Carl Icahn. Mr. Burke said Federal-Mogul will have signage rights at its new space.
The company ranks No. 50 on the Automotive News list of the top 100 global suppliers, with estimated worldwide sales to auto makers of $4.3 billion in 2012.
This report appeared in Crain's Detroit Business magazine, a sister publication of Tire Business.