The company filed for bankruptcy protection in 2001. It faced 365,000 lawsuits seeking millions in damages.
Britain's bankruptcy supervision authority ended its oversight of Federal-Mogul's Britain-based operations, which include facilities in Europe, the Americas and Asia, the company said.
“We are pleased with the recent developments that bring the company closer to emergence from a complex bankruptcy proceeding,” said Federal-Mogul chairman, president and CEO, José Maria Alapont.
“We remain focused on our global profitable growth strategy to provide world-class products and services with leading technology and innovation that satisfy customer, employee and stakeholder expectations.”