This is the story of the new Tenneco organization, upon the planned separation from existing Tenneco's aftermarket and ride performance business.
Tenneco is one of the world's leading designers, manufacturers and marketers of Aftermarket, Ride Performance, Clean Air and Powertrain products and technology solutions for diversified markets. Our markets include light vehicle, commercial truck, off-highway, industrial and the aftermarket. As of 2019, our revenues topped $17.45 billion and we had approximately 78,000 employees worldwide.
On October 1, 2018, Tenneco completed the acquisition of Federal-Mogul, a leading global supplier to original equipment manufacturers and the aftermarket.In the future, the company expects to separate its divisions to form two new, independent companies: DRiV, an Aftermarket and Ride Performance company, and New Tenneco, a Powertrain Technology company. – Weniger