EXHIBIT 99.2

                    SECOND QUARTER 2006 INVESTOR PRESENTATION
    JAMES S. NICHOLSON, VICE PRESIDENT, TREASURER AND CHIEF FINANCIAL OFFICER
                                 AUGUST 15, 2006

Thank you, Lisa.

     Good morning, everyone. Welcome to our second quarter 2006 conference call.
This call is being simultaneously broadcast on the internet and will also be
archived for replay starting this afternoon. The replay can be accessed at our
web site, www.tecumseh.com.

     Following my normal protocol, I will start our conversation this morning
with some brief comments expanding on our press release. Following my comments,
we will open the call for your questions.

     I would remind you that my prepared comments this morning, and the answers
to your questions, contain forward-looking statements within the meaning of the
Securities laws. I refer you to the cautionary statements contained in our press
release concerning significant risks and uncertainties involved with
forward-looking statements that could cause actual results to differ materially
from projected results.

     First, I would like to explain the need to reschedule our release and
conference call. We realize that delays in reporting can create nervousness and
speculation and we did not take our decision to postpone our release lightly.

     Some of you may have noticed that our originally scheduled release date was
several days later than our normal timing. We had selected that later date
knowing that our system conversions were lengthening the time necessary to close
our books. Unfortunately, it just took longer than expected, and we did not want
to compromise accuracy in order to be timely.

     Between April 1st and August 1st, we have brought approximately 50-60% of
our total business up on our new global ERP system. It is a very large
undertaking, given the scope of the applications we are converting, and we
believe the change-overs are going well. Many of you know Pat Walsh, our
Director of Investor Relations. I believe she described the situation best with
this analogy. In today's age, most of us are accustomed to using Microsoft
Office products and have experienced our own drop off in productivity when
adopting a newer version of those applications. Our difficulties have been like
that - just with a vastly more complex system. It simply takes time for people
to become more proficient with the new tools.

     This does complete our go-lives scheduled for this calendar year and we
expect that next quarter our collective knowledge of the system will allow us to
be more timely with respect to our reporting.

     Now for our second quarter results. Like the first quarter, our profit
improvement activities yielded results while the challenge of commodity costs,
currencies and, in some cases, customer pricing provided headwinds. Reported
results for the second quarter 2006 amounted to net



income of $33.7 million dollars or $1.82 cents per share, compared to a net loss
of $122.5 million dollars or $6.63 cents per share in the second quarter of
2005. This very large improvement of $156.2 million dollars is primarily due to
a net of tax gain of $63.3 million dollars from the sale of Little Giant Pump
Company and the non-recurrence of a $108 million dollar after-tax goodwill
impairment recognized last year. The gain on the sale of Little Giant is
included in Income from Discontinued Operations, along with the results of its
operations through April 21, 2006 and allocated interest and taxes.

     When looking at continuing operations, reported operating losses were
reduced from $120.1 million dollars in the second quarter of 2005 to $25.3
million dollars in 2006. This improvement was mostly driven by the lower
restructuring and impairment charges, but also reflects reduced losses in the
Engine & Power Train Group, offset by the declines in the results of the
Compressor and Electrical Components groups.

     With respect to tax expense, we discussed last quarter how allocations
between line items creates a tax benefit from continuing operations. With
respect to modeling the rest of the year, we expect the remainder of the year to
show a similar effective rate of benefit from continuing operations. However, it
is subject to change to the extent the relative profitability between our taxing
jurisdictions varies from expectation.

     While we continue to be pleased with the progress of our profit improvement
initiatives, we are not getting any relief from those external factors that have
been putting the squeeze on us --- namely the cost of copper and foreign
currency rates. As you know, the cost of copper, a key input into both motors
and compressors, is up approximately 60% from the beginning of the year and 133%
from the beginning of 2005. And with respect to foreign currency, our primary
exposure is the Brazilian Real, which, on average, was 12% stronger versus the
dollar during the second quarter of 2006 versus 2005.

     Consolidated sales for the quarter amounted to $456.3 million dollars, up
5.4% from last year's second quarter sales of $432.8 million dollars. The
effects of foreign currency translation increased sales by $10.9 million
dollars. Net of these effects of currency translation, sales increased by 2.9%.
The increase was due to higher sales in the Compressor and Electrical Components
groups, partially offset by the lower sales in the Engine & Power Train segment.

     With this as an overview, I now will address our respective business
segments in more detail, starting with the Compressor segment. Excluding the
effects of foreign currency translation of $10.3 million dollars, sales
increased by $15.4 million dollars or 6.2% for the quarter. What has amounted to
the hottest first half of the year on record helped push aftermarket sales
higher during the quarter.

     Compressor segment operating results, however, amounted to a loss of $3.8
million dollars in the quarter versus income of $7.4 million dollars a year ago.
While several factors contributed to the decline, foreign currency rates were a
major factor accounting for approximately $10.3 million dollars of the change.
The big impact this quarter versus the first quarter was the impact of our
hedging activities. The first quarter benefited from expiration of very
favorable contracts versus those expiring in the second quarter when compared to
previous years. While still a



positive contribution, they did not generate the same magnitude of gains and,
therefore, did not fully offset the effects of the strengthening Real.

     Our outlook for the Compressor Group for the remainder of 2006 is
consistent with that expressed during our last call and is based upon an
expectation that currency and commodity conditions will not appreciably improve.
Under these current conditions, we are expecting Compressor Group earnings to
lag results of the prior year. The extent to which they lag will depend on the
Company's ability to manage the wildly escalating cost of commodities,
particularly copper, which as I indicated earlier, is currently 133% more
expensive than the beginning of 2005 and 60% since the beginning of 2006. In
response, the Company implemented price increases to our customers that began to
take effect during June. The adequacy of those price increases will ultimately
depend on the future cost of copper and other material inputs.

     Moving to the Electrical Components Group - for the quarter, the Group
reported sales of $106.9 million dollars, a 4.4% increase over last year. The
change in sales reflects a robust HVAC market, offset by a lower automotive
market.

     Electrical Components operating results for the quarter was a loss of $1.7
million dollars compared to a profit of $200 thousand dollars a year ago, and
$4.9 million dollars last quarter. After three consecutive quarters of
year-over-year improvement, this quarter's set back was attributed to the higher
cost of copper, production inefficiencies associated with our Juarez, Mexico
facility and a product warranty issue. As in the Compressor Group, the
Electrical Components Group has also recently implemented price increases to
combat higher input costs.

     Looking at the rest of 2006 for the Electrical Components business, we are
still expecting our margin improvement activities to benefit future results. For
example, during this quarter, we completed the move of certain production
capabilities from Australia to Thailand. However, as with the Compressor Group,
higher copper prices represent a significant headwind and year-over-year
improvements will depend on the relationship between the cost of copper and the
extent to which any pricing relief can be obtained. At a minimum, we do expect
quarterly results to be better than those of the second quarter 2006, again,
subject to the same copper/pricing caveat.

     Now for the Engine & Power Train Group - Sales in this group were down $7.2
million dollars or 9% compared to prior year's second quarter. The decrease was
mostly attributable to the absence of sales into Europe from the Company's
former Italian subsidiary. The Company does expect to recapture some of these
European volumes in the future as our non-European operations get product
configured for the European market. Lawn transmission sales were also a factor
in the decline. On a much more positive note, unit volumes in the U.S. were
actually up by 11% for the quarter and year-to-date, reflecting the placement of
our engines on several more sku's in multiple product categories.

     The Group's operating results improved by $4.3 million dollars or 28% in
comparison to the prior year's second quarter. Excluding fees recognized in the
quarter for AlixPartners' services, results improved by approximately 54%. While
there are several factors that explain the net change, in total, our
restructuring actions are the primary source of the improvement and



we expect results to continue to improve at an accelerated rate in the remainder
of the year. During the quarter, the Company also recognized further impairment
and other charges as more consolidation activity was completed within this
Group.

     With respect to Pumps - the previously announced sale of Little Giant was
completed, resulting in a pre-tax gain of $69.5 million dollars. With the sale
of Little Giant, we will no longer be reporting a Pump segment.

     Having covered the basic results of the groups, I would like to take a
moment to address our liquidity and other matters. It hasn't escaped our
attention that there have been rumors circulating about the Company, partly
fueled by an analyst's report discussing the future sourcing of engines by one
of our larger customers to a Chinese source backed by Yamaha.

     Our customer has told us that this report was not accurate. We believe the
relationship between Tecumseh and our customer has been a commercially good one
and we expect it to continue and are in the midst of negotiating a new
three-year agreement.

     With respect to our debt covenants, we came close this quarter on our
EBITDA covenant, mostly due to an expected accrual reversal that was budgeted,
but at the end of the day was not recognized. It relates to accrued social taxes
in Brazil that were ruled unconstitutional by their Supreme Court, but due to
accounting rules, not yet eligible for reversal. Had the reversal occurred
within the budgeted time frame, then we would have exceeded the minimum EBITDA
covenant by some 27%. Since there is little doubt that we will be relieved of
paying this tax, this item amounts to a timing difference. To the extent that we
may need covenant relief in the future, we believe we have the support of our
lenders, particularly since improvements in our Engine & Power Train Group are
progressing as planned.

     In conclusion, we remain highly committed to executing the plans that will
yield improved results. These plans are being executed and are producing
favorable results; however, I will caution that the conditions that we face with
commodity costs, particularly copper, and currency are highly challenging and
our future results and continued improvement depends on future movements in
these items and our ability to obtain pricing relief, if necessary.

     That concludes my prepared comments, Lisa. I am now pleased to take your
questions.