LAKE FOREST, Ill., May 20, 2020 /PRNewswire/ -- Tenneco Inc.
(NYSE: TEN) will participate in the Deutsche Bank 2020 Global Auto
Industry Conference to be held virtually on Thursday, June 11, 2020. The webcasted
presentation is scheduled to begin at 1:45
p.m. Eastern. Brian Kesseler,
chief executive officer, and Ken
Trammell, interim chief financial officer, will give a
strategic overview and provide information regarding matters
impacting Tenneco's outlook.
The live webcast can be accessed by going to the "Investors"
portion of its web site at www.investors.tenneco.com. A copy
of the slides also will be available under the "Events &
Presentations" tab in this section of the website. A replay of the
webcast will be available through July 11,
2020.
About Tenneco
Headquartered in Lake Forest, Illinois, 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, including light
vehicle, commercial truck, off-highway, industrial and the
aftermarket, with 2019 revenues of $17.45
billion and 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.
Safe Harbor
This release contains forward-looking
statements. These forward-looking statements include, among others,
statements relating to our plans to separate into two independent
companies. Forward-looking statements are subject to a number of
risks and uncertainties that could cause actual results to
materially differ from those described in the forward-looking
statements, including the course of the COVID-19 pandemic and its
impact on general economic, business and market conditions, our
ability (or inability) to execute on our plans to respond to the
COVID-19 pandemic and our previously announced Accelerate plan and
to realize the anticipated benefits of these actions, our financial
flexibility in addressing the impact of the COVID-19 pandemic, our
ability to maintain compliance with the agreements governing our
indebtedness and otherwise have sufficient liquidity through the
COVID-19 pandemic, the possibility that Tenneco may not
complete the separation of the Aftermarket & Ride Performance
business from the Powertrain Technology business (or achieve some
or all of the anticipated benefits of such a separation); the
possibility that the separation may have an adverse impact on
existing arrangements with Tenneco, including those related to
transition, manufacturing and supply services and tax matters; the
ability to retain and hire key personnel and maintain relationships
with customers, suppliers or other business partners; the risk that
the benefits of the separation may not be fully realized or may
take longer to realize than expected; the risk that the separation
may not advance Tenneco's business strategy; the potential
diversion of Tenneco management's attention resulting from the
separation; as well as the risk factors and cautionary statements
included in Tenneco's periodic and current reports (Forms 10-K,
10-Q and 8-K) filed from time to time with the SEC. Given these
risks and uncertainties, investors should not place undue reliance
on forward-looking statements as a prediction of actual results.
Unless otherwise indicated, the forward-looking statements in this
release are made as of the date of this communication, and, except
as required by law, Tenneco does not undertake any obligation, and
disclaims any obligation, to publicly disclose revisions or updates
to any forward-looking statements. 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
annual report on Form 10-K for the year ended December 31, 2019 and quarterly report on Form
10-Q for the quarter ended March 31,
2020.
Investor inquiries:
Linae Golla
847-482-5162
lgolla@tenneco.com
Rich Kwas
248-849-1340
rich.kwas@tenneco.com
Media inquiries:
Bill Dawson
847-482-5807
bdawson@tenneco.com
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SOURCE Tenneco Inc.