UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date of
Report (Date of earliest event reported): December 19,
2008
Icahn
Enterprises L.P.
(Exact name of registrant as specified in its charter)
|
Delaware
|
1-9516
|
13-3398766
|
||
|
(State
or Other Jurisdiction of
Incorporation)
|
(Commission
File Number)
|
(IRS
Employer
Identification
No.)
|
|
767
Fifth Avenue, Suite 4700, New
York, NY
10153
|
|
(Address
of Principal Executive Offices) (Zip
Code)
|
Registrant’s
Telephone Number, Including Area Code: (212) 702-4300
(Former
Name or Former Address, if Changed Since Last Report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
|
o
|
Written
communication pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
|
o
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
|
o
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
|
|
o
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
|
Section
8 - Other Events
Item
8.01. Other Events
On
December 19, 2008, Federal-Mogul Corporation, a
subsidiary of Icahn Enterprises L.P., issued a press release announcing
that it has expanded its existing restructuring plan announced September 17,
2008 in response to the continued challenging condition in the global automotive
market.
A copy of
this press release is attached hereto as Exhibit 99.1 and incorporated herein by
reference.
Section
9 - Financial Statements and Exhibits
Item
9.01(d) Exhibits
Exhibit 99.1 - Press
Release issued by Federal-Mogul Corporation dated December 19, 2008
Exhibit
Index
|
99.1
|
Press
Release issued by Federal-Mogul Corporation dated December 19,
2008
|
[remainder
of page intentionally left blank; signature page follows]
2
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
|
(Registrant)
|
|||
|
By:
|
Icahn
Enterprises G.P. Inc.
|
||
|
its
General Partner
|
|||
|
By:
|
/s/
Dominick Ragone
|
||
|
Dominick
Ragone
|
|||
|
Principal
Financial
Officer
|
|||
Date: December 19, 2008
|
CONTACT:
|
Paula
Silver – 248-354-4530
|
|
Jennifer
Rass –
248-354-7502
|
Federal-Mogul
Expands Existing Restructuring Plan in Response to Automotive Industry Downturn
and 2009 Outlook
Estimated
expense of an additional approximately $80 million through end of
2009
December
19, 2008 – Southfield, MI.....Federal-Mogul Corporation (NASDAQ:FDML) today
announced it has expanded its existing restructuring plan announced September
17, 2008, in response to the continued challenging conditions in the global
automotive market. Federal-Mogul plans to implement several initiatives designed
to further consolidate, downsize or close additional locations. These
actions are expected to reduce the company’s global workforce by approximately
4,600 additional positions or about 10 percent. The company is not disclosing
the specific sites at this time, pending further evaluation and consultations
with appropriate parties. The additional restructuring actions will begin during
the first quarter of 2009. Preliminary cost estimates for the
additional restructuring are approximately $80 million through the end of 2009,
and are in addition to expense estimates included in the original plan announced
in September 2008.
“We
continue to take actions in response to the ongoing significant downturn in
regional markets and global industry outlook. These measures are
required to prepare the company for the unprecedented challenges in the
automotive industry,” said José Maria Alapont, Federal-Mogul President and
CEO.
About
Federal-Mogul
Federal-Mogul
Corporation is a
leading global supplier of powertrain and safety technologies, serving the
world’s foremost original equipment manufacturers of automotive, light
commercial, heavy-duty and off-highway vehicles, as well as in power generation,
aerospace, marine, rail, industrial, and the worldwide aftermarket. The
company’s leading technology and innovation, lean manufacturing expertise, as
well as marketing and distribution deliver world-class products, brands and
services with quality excellence at a competitive cost. Federal-Mogul is focused
on its sustainable global profitable growth strategy, creating value and
satisfaction for its customers, shareholders and
employees. Federal-Mogul was founded in Detroit in
1899. The company is headquartered in Southfield, Michigan, and
employs nearly 47,000 people in 35 countries. Visit the company’s Web site at
www.federalmogul.com.
# # #
Forward-Looking
Statements
Statements
contained in this press release, which are not historical fact, constitute
"Forward-Looking Statements." Actual results may differ materially due to
numerous important factors that are described in Federal-Mogul's most recent
report to the SEC on Form 10-K, which may be revised or supplemented in
subsequent reports to the SEC on Forms 10-Q and 8-K. Such factors include, among
others, the cost and timing of implementing restructuring actions, the Company's
ability to generate cost savings or manufacturing efficiencies to offset or
exceed contractually or competitively required price reductions or price
reductions to obtain new business, conditions in the automotive industry, and
certain global and regional economic conditions. Federal-Mogul does not intend
or assume any obligation to update any forward-looking statement to reflect
events or circumstances after the date of this press release.