Federal-Mogul Plans To Sell Camshaft Business.

Federal-Mogul Corp. is seeking approval from the U.S. Bankruptcy Court in Wilmington, Del., to sell its U.S.

camshafts business to China's Asimco in a deal worth $28.1 million. The camshafts business includes a factory in

Grand Haven, Mich., and a factory in Orland, Ind.