EXHIBIT 99.1
NEWS RELEASE [TENNECO AUTOMOTIVE LOGO]
For Immediate Release
Contacts: Jane Ostrander
Media Relations
847 482-5607
jane.ostrander@tenneco-automotive.com
Leslie Hunziker
Investor Relations
847 482-5042
leslie.hunziker@tenneco-automotive.com
TENNECO AUTOMOTIVE WINS NEW EXHAUST BUSINESS WITH FORD MOTOR
COMPANY
Company to Supply Exhaust Systems for 2007 Truck Platform
Lake Forest, Illinois, July 15, 2003 -- Tenneco Automotive (NYSE: TEN)
announced today that the company has been selected by Ford Motor
Company as the full service exhaust supplier for the Ford gas and
diesel 2007 model year F-Series Super-Duty truck platform. The company
will supply hot and cold-end exhaust components including mufflers,
extension pipes, diesel turbo down pipes, exhaust isolators and gas
light-off converters.
"We are very proud of our relationship with Ford Motor Company and
pleased to win this new incremental business, which further
demonstrates Tenneco Automotive's full-system exhaust capabilities,"
said Mark P. Frissora, chairman and CEO, Tenneco Automotive. "We have
a strong track record of bringing the most advanced technology
offerings to our customers, providing more emission control options to
meet their changing needs."
-More-
In North America, Tenneco Automotive currently supplies exhaust
components for the Ford F-Series light duty truck, Expedition and
Navigator models in the light truck and sports utility vehicle
segment, as well as for the Jaguar, Lincoln LS, Thunderbird, and
Mustang passenger car models.
Tenneco Automotive is a leading global supplier of emission control
components and systems for original equipment manufacturers around the
world. The company operates 40 emission control manufacturing plants
globally -- including 13 JIT facilities -- and has five engineering
centers devoted to exhaust engineering and technology. The company's
leading edge emission control technologies include semi-active
mufflers, tubular integrated converters, and diesel particulate
filters and fabricated manifolds.
Tenneco Automotive is a $3.5 billion manufacturing company with
headquarters in Lake Forest, Illinois and approximately 19,600
employees worldwide. Tenneco Automotive is one of the world's largest
producers and marketers of ride control and exhaust systems and
products, which are sold under the Monroe(R) and Walker(R) global
brand names. Among its products are Sensa-Trac(R) and Monroe Reflex(R)
shocks and struts, Rancho(R) shock absorbers, Walker(R) Quiet-Flow(R)
mufflers and DynoMax(R) performance exhaust products, and Monroe(R)
Clevite(R) vibration control components.
This press release contains forward-looking statements. Words such as
"taking", "focused", "goal", "expect", "anticipate", "should",
"believe", "plan", "remain", "confident", "continue," "will", "may",
"can", "intend", "continue", "estimate" and "seek" and similar
expressions identify forward-looking statements. These forward-looking
statements are based on the current expectations of the company
(including its subsidiaries). Because these forward-looking statements
involve risks and uncertainties, the company's plans, actions and
actual results could differ materially. The company undertakes no
obligation to update any forward-looking statement to reflect events
or circumstances after the date of this press release. Additional
information regarding these risk factors and uncertainties is detailed
from time to time in the company's SEC filings, including but not
limited to its report on Form 10-K for the year ended December 31,
2002. Further information can be found on the company's web site at
www.tenneco-automotive.com.
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