1
 
                                                                   EXHIBIT 23(V)
 
                        CONSENT OF INDEPENDENT AUDITORS
 
     We consent to the reference to our firm under the caption "Experts" in the
Registration Statement (Form S-4 No. 33-00000) and related Prospectus of Fedders
Corporation for the registration of 7,580,069 shares each of its Convertible
Preferred and Class A stock and to the incorporation by reference therein of our
report dated January 20, 1995, with respect to the consolidated financial
statements of NYCOR, Inc. incorporated by reference in its Annual Report (Form
10-K) for the year ended December 31, 1994 and the related financial statement
schedules included therein, filed with the Securities and Exchange Commission.
 
                                          ERNST & YOUNG LLP
 
PRINCETON, NEW JERSEY
JANUARY 26, 1996