EXHIBIT 14


TECUMSEH PRODUCTS COMPANY
CORPORATE POLICY

200.10   CODE OF ETHICAL CONDUCT FOR FINANCIAL MANAGERS

1.0      STATEMENT OF PURPOSE

The Company has adopted a Code of Ethics for its senior executive and financial
officers, and principal accounting officer or controllers or persons performing
similar functions.

2.0      DEFINITION

Code of ethics is defined to mean such standards as are reasonably necessary to
promote:

         -        Honest and ethical conduct, including the ethical handling of
                  actual or apparent conflicts of interest between personal and
                  professional relationships;

         -        Full, fair, accurate, timely and understandable disclosure in
                  the periodic reports required to be filed by the issuer; and

         -        Compliance with applicable governmental rules and
                  regulations.

3.0      POLICY

The Chief executive officer, Chief Financial Officer, Corporate Controller,
Manager of Financial Reporting, and controller or principal accounting manager
of each business unit must annually read and sign the Code of Ethical Conduct
for Financial Managers. (See Exhibit 1 for the Code of Ethical Conduct for
Financial Managers.)

4.0      ADMINISTRATION

         4.1      Administration of the Code of Ethical Conduct for Financial
                  Managers is under the direction of the Company's Chief
                  Executive Officer.

         4.2      All executive and management employees of Tecumseh Products
                  Company, its Divisions and Subsidiaries, and such other
                  employees as are designated by the Chief Executive Officer,
                  will annually certify that they are aware of the principles
                  of the Ethical Code of Conduct for financial managers and
                  that they will comply and remain in compliance with the
                  standards established by the Code of Ethical Conduct for
                  Financial Managers.

         4.3      In January of each year, the Office of the Chief Financial
                  Officer will send new forms for signature to applicable key
                  management and financial personnel that are required to sign
                  the Code of Ethical Conduct for Financial Managers. There will
                  be accountability for all forms to ensure that all forms are
                  properly signed and returned to the Chief Financial Officer's
                  Office.

         4.4      Internal Audit will be responsible for compliance to this
                  policy.

5.0      ENFORCEMENT

         5.1      Employees who violate this Code of Ethical Conduct for
                  Financial Managers are subject to appropriate disciplinary
                  action, including discharge.

         5.2      Appropriate cases may also be referred for criminal
                  prosecution and/or civil action.