8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 5, 2013

TECUMSEH PRODUCTS COMPANY

(Exact name of registrant as specified in its charter)

Michigan	0-452	38-1093240
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

5683 Hines Drive, Ann Arbor, Michigan	48108
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (734) 585-9500

(not applicable)

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition.

On November 5, 2013, we issued a press release regarding our third quarter2013 consolidated results of operations and financial condition. A copy of that press release is furnished as Exhibit 99.1 to this report and is incorporated in this Item 2.02 by reference.

Also, on November 5, 2013, (after the filing of this Form 8-K), we intend to post on our website at www.tecumseh.com in the Investors Relation section, a presentation for use in connection with our November 6, 2013 conference call to broadcast our third quarter 2013 financial results. A copy of that presentation is furnished as Exhibit 99.2 to this report and is incorporated in this Item 2.02 by reference.

Item 7.01 Regulation FD Disclosure.

The disclosures in Item 2.02 of this report, the press release furnished as Exhibit 99.1 to this report, and the presentation furnished as Exhibit 99.2 to this report, are incorporated in this item 7.01 by reference.

Item 9.01 Financial Statements and Exhibits.

The following exhibits are filed with this report:

Exhibit No.	Description
99.1	Press release dated November 5, 2013
99.2	Third quarter 2013 Shareholder Update Call presentation

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		TECUMSEH PRODUCTS COMPANY
Date:	November 5, 2013	By	/s/ Janice E. Stipp
			Janice E. Stipp,     Executive Vice President, Chief Financial     Officer and Treasurer

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press release dated November 5, 2013
99.2	Third quarter 2013 Shareholder Update Call presentation

EX-99.1

Exhibit 99.1

Contact:    Janice Stipp

Tecumseh Products Company

734-585-9507

Investor.relations@tecumseh.com

Tecumseh Products Company Reports Third Quarter2013 Results

• Net sales in the third quarter of 2013 decreased $14.2 million, or 6.8%, versus the same period of 2012.

• Excluding the effect of unfavorable changes in foreign currency translation of $7.0 million, net sales decreased by 3.5% compared to the third quarter of 2012.

• Net loss for the quarter was $5.7 million, or $0.30 per share, compared to a net loss of $3.8 million, or $0.21 per share, for the third quarter of 2012.

• Operating loss was $3.4 million compared to an operating loss of $3.3 million in the third quarter of 2012.

• EBITDAR from continuing operations for the third quarter of 2013 was $12.6 million compared to $6.1 million in the third quarter of 2012 (EBITDAR is defined below).

ANN ARBOR, Mich. - November 5, 2013 - Tecumseh Products Company (Nasdaq: TECUA, TECUB), a leading global manufacturer of compressors and related products, today reported an operating loss of $3.4 million and a net loss of $5.7 million, or a net loss per share of $0.30, on net sales of $194.4 million for the quarter ended September 30, 2013. This compares with an operating loss of $3.3 million and a net loss of $3.8 million, or $0.21 per share, on net sales of $208.6 million for the third quarter of 2012.

“We had some favorable manufacturing, commodity and foreign currency impacts in the third quarter that have given us favorable margins; although, this was partially offset by some warranty issues,”  said Jim Connor, President and CEO.  “We continue to focus on our core business as we navigate through this uncertain economy and position ourselves to increase shareholder value.”

REVIEW OF OPERATIONS

Revenue: Net sales in the third quarter of 2013decreased$14.2 million, or 6.8%, versus the same period of 2012. Excluding the decrease in sales due to the effect of unfavorable changes in foreign currency translation of $7.0 million, net sales decreased by 3.5% compared to the third quarter of 2012, primarily due to lower net volume and unfavorable changes in sales mix, partially offset by price increases. Volume declines partially related to lower volumes in India as we were producing units primarily to replace compressors related to a warranty claim that originated in the second quarter of 2013.     

Sales of compressors used in commercial refrigeration and aftermarket applications represented 62% of our total sales and decreased2.4% compared to the third quarter of 2012 to $120.1 million.

Sales of compressors for air conditioning applications and all other applications represented 21% of our total sales and decreased7.0% compared to the third quarter of 2012 to $41.3 million. 

Sales of compressors used in household refrigeration and freezer (“R&F”) applications represented 17% of our total sales and decreased19.9% compared to the third quarter of 2012 to $33.0 million.

Gross profit: Gross profit increased $5.8 million from $18.2 million in the third quarter of 2012 to $24.0 million in the third quarter of 2013. Our gross profit margin increased from 8.7% to 12.3% in the third quarter of 2012 and 2013, respectively. This improvement primarily related to favorable changes in currency exchange effects, manufacturing costs, commodity costs and price increases, partially offset by expenses related to two warranty claims.

Impairments, restructuring charges, and other items: We recorded $7.4 million of expense in impairments, restructuring charges, and other items in the third quarter of 2013, compared to $0.6 million in the same period of 2012. In the third quarter of 2013, this expense mainly related to severance and business process re-engineering costs of $6.8 million at our French location.

Loss from Continuing Operations: Net loss from continuing operations for the quarter ended September 30, 2013 was $5.4 million, or a net loss per share of $0.29, as compared to a net loss from continuing operations of $3.9 million, or $0.22 per share, in the same period of 2012. The change was primarily related to higher impairments, restructuring charges, and other items and a lower income tax benefit, partially offset by higher gross profit in the third quarter of 2013. In addition, S&A expense decreased by $2.0 million, including a decrease of $1.7 million for professional services and a decrease of $1.1 million in expense relating to our incentive compensation awards.

Cash Flow: Cash and cash equivalents were $40.0 million at the end of the third quarter 2013 while cash balances were $55.3 million and $53.2 million at December 31, 2012 and September 30, 2012, respectively. In the first nine months of 2013, cash used in operations was $9.7 million as compared to $4.3 million of cash provided by operations in the first nine months of 2012. This change primarily related to increased inventory levels, partially offset by decreases in accounts receivable and increases in accounts payable and accrued expenses.    

Cash used in investing activities was $6.1 million in the first nine months of 2013 as compared to $4.4 million for the same period of 2012. The 2013 cash used in investing activities is primarily related to capital expenditures of $8.2 million.

Cash provided by financing activities was $0.1 million in the first nine months of 2013 compared to cash provided by financing activities of $4.2 million in the first nine months of 2012.

BUSINESS OUTLOOK

We are adjusting our revenue, cash flow and capital spending projections for the full year of 2013:

• For 2013, we currently expect net sales to remain flat or decrease up to 5 percent from 2012 levels due to the lack of economic improvements in key markets and lower volumes in India as most of our third quarter production levels went to replace compressors to satisfy a warranty claim that originated in the second quarter of 2013.

• For 2013, we currently expect our operating cash flow to be flat to positive.

• We expect capital spending in 2013 to be approximately $15.0 million to $20.0 million.

NON-GAAP FINANCIAL MEASURES

While the Generally Accepted Accounting Principles in the United States of America (“GAAP”) results provide significant insight into our operations and financial position, Tecumseh management supplements its analysis of the business using Earnings Before Interest, Taxes, Depreciation and Amortization from Continuing Operations (“EBITDA”) and Earnings Before Interest, Taxes, Depreciation, Amortization, and Impairments, restructuring charges, and other items from Continuing Operations (“EBITDAR”); both of these are non-GAAP financial measures. Management believes that these non-GAAP financial measures, when taken together with the corresponding GAAP measure, provide incremental insight into the underlying factors and trends affecting our performance. However, EBITDA from Continuing Operations and EBITDAR from Continuing Operations, as defined below, should be viewed as supplemental data, rather than as a substitute or an alternative to the comparable GAAP measure. The table below presents a reconciliation of EBITDA from Continuing Operations and EBITDAR from Continuing Operations from our Net income (loss).

RECONCILIATION OF EBITDA FROM CONTINUING OPERATIONS AND EBITDAR FROM CONTINUING OPERATIONS FROM NET INCOME (LOSS)

(in millions)

	Three Months Ended September 30,
	2013			2012
Net (loss)	$	(5.7	)	$	(3.8	)
Loss (income) from discontinued operations, net of tax	0.3			(0.1		)
Tax expense (benefit)	0.1			(1.6		)
Interest expense	2.2			2.5
Interest income	(0.3		)	(0.3		)
Operating (loss)	(3.4		)	(3.3		)
Depreciation and amortization	8.6			8.8
EBITDA FROM CONTINUING OPERATIONS	$	5.2		$	5.5
Impairments, restructuring charges and other items	7.4			0.6
EBITDAR FROM CONTINUING OPERATIONS	$	12.6		$	6.1

CONFERENCE CALL INFORMATION

Tecumseh will broadcast its financial results conference call live over the Internet on Wednesday, November 6, 2013, at 11:00 a.m. eastern time, and it expects to post, before the conference call, a slide presentation to be used in connection with the conference call. Webcast information can be found in the Investor Relations section of our website at www.tecumseh.com.

About Tecumseh Products Company

Tecumseh Products Company is a global manufacturer of hermetically sealed compressors for residential and specialty air conditioning, household refrigerators and freezers, and commercial refrigeration applications, including air conditioning and refrigeration compressors, as well as condensing units, heat pumps and complete refrigeration systems. Press releases and other investor information can be accessed via the Investor Relations section of Tecumseh Products Company's Website at www.tecumseh.com.

Cautionary Statements Relating to Forward-Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act that are subject to the safe harbor provisions created by that Act. In addition, forward-looking statements may be made orally in the future by or on behalf of us. Forward-looking statements can be identified by the use of terms

such as “expects,” “should,” “may,” “believes,” “anticipates,” “will,” and other future tense and forward-looking terminology, or by the fact that they appear under the caption “Business Outlook.” Our forward-looking statements generally relate to our future performance, including our anticipated operating results and liquidity sources and requirements, our business strategies and goals, and the effect of laws, rules, regulations, new accounting pronouncements and outstanding litigation, on our business, operating results, and financial condition.

Readers are cautioned that actual results may differ materially from those projected as a result of certain risks and uncertainties, including, but not limited to, i) current and future global or regional economic conditions, including housing starts, and the condition of credit markets, which may magnify other risk factors; ii) loss of, or substantial decline in sales to, any of our key customers; iii) our history of losses and our ability to maintain adequate liquidity in total and within each foreign operation; iv) our ability to restructure or reduce our costs and increase productivity and quality and develop successful new products in a timely manner; v) actions of competitors in highly competitive markets with intense competition; vi) the ultimate cost of defending and resolving legal and environmental matters, including any liabilities resulting from the regulatory antitrust investigations commenced by the United States Department of Justice Antitrust Division and the Secretariat of Economic Law of the Ministry of Justice of Brazil, both of which could preclude commercialization of products or adversely affect profitability and/or civil litigation related to such investigations; vii) availability and volatility in the cost of materials, particularly commodities, including steel, copper and aluminum, whose cost can be subject to significant variation; viii) financial market changes, including fluctuations in foreign currency exchange rates and interest rates; ix) default on covenants of financing arrangements and the availability and terms of future financing arrangements; x) reduction or elimination of credit insurance; xi) significant supply interruptions or cost increases; xii) potential political and economic adversities that could adversely affect anticipated sales and production; xiii) in India, potential military conflict with neighboring countries could adversely affect anticipated sales and production; xiv) local governmental, environmental, trade and energy regulations; xv) increased or unexpected warranty claims; xvi) the extent of any business disruption caused by work stoppages initiated by organized labor unions; xvii) the extent of any business disruption that may result from the restructuring and realignment of our manufacturing operations and personnel or system implementations, the ultimate cost of those initiatives and the amount of savings actually realized; xviii) the success of our ongoing effort to bring costs in line with projected production levels and product mix; xix) weather conditions affecting demand for replacement products; and xx) the effect of terrorist activity and armed conflict. These forward-looking statements are made only as of the date of this release, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

EX-99.2

Third Quarter 2013 Shareholder Update Tecumseh Products Company November 6, 2013 These slides should be reviewed in connection with the Third Quarter 2013 audio presentation

Agenda • Operational Overview • Q3 2013 Financial Overview, Outlook & Liquidity • Business Update • Closing Remarks / Q & A Tecumseh Products Company Q3 2013 Shareholder Update–Nov. 6, 2013 Page 2

Disclaimer Tecumseh Products Company Q3 2013 Shareholder Update–Nov. 6, 2013 Page 3 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to the safe harbor provisions created by that Act. In addition, forward-looking statements may be made orally in the future by or on behalf of us. Forward-looking statements can be identified by the use of terms such as “expects,” “should,” “may,” “believes,” “anticipates,” “will,” and other future tense and forward-looking terminology, or by the fact that they appear under the caption “Business Outlook.” Our forward-looking statements generally relate to our future performance, including our anticipated operating results and liquidity sources and requirements, our business strategies and goals, and the effect of laws, rules, regulations, new accounting pronouncements and outstanding litigation, on our business, operating results, and financial condition. Readers and listeners are cautioned that actual results may differ materially from those projected as a result of certain risks and uncertainties, including, but not limited to, i) current and future global or regional economic conditions, including housing starts, and the condition of credit markets, which may magnify other risk factors; ii) loss of, or substantial decline in sales to, any of our key customers; iii) our history of losses and our ability to maintain adequate liquidity in total and within each foreign operation; iv) our ability to restructure or reduce our costs and increase productivity and quality and develop successful new products in a timely manner; v) actions of competitors in highly competitive markets with intense competition; vi) the ultimate cost of defending and resolving legal and environmental matters, including any liabilities resulting from the regulatory antitrust investigations commenced by the United States Department of Justice Antitrust Division and the Secretariat of Economic Law of the Ministry of Justice of Brazil, both of which could preclude commercialization of products or adversely affect profitability and/or civil litigation related to such investigations; vii) availability and volatility in the cost of materials, particularly commodities, including steel, copper and aluminum, whose cost can be subject to significant variation; viii) financial market changes, including fluctuations in foreign currency exchange rates and interest rates; ix) default on covenants of financing arrangements and the availability and terms of future financing arrangements; x) reduction or elimination of credit insurance; xi) significant supply interruptions or cost increases; xii) potential political and economic adversities that could adversely affect anticipated sales and production; xiii) in India, potential military conflict with neighboring countries could adversely affect anticipated sales and production; xiv) local governmental, environmental, trade and energy regulations; xv) increased or unexpected warranty claims; xvi) the extent of any business disruption caused by work stoppages initiated by organized labor unions; xvii) the extent of any business disruption that may result from the restructuring and realignment of our manufacturing operations and personnel or system implementations, the ultimate cost of those initiatives and the amount of savings actually realized; xviii) the success of our ongoing effort to bring costs in line with projected production levels and product mix; xix) weather conditions affecting demand for replacement products; xx) the effect of terrorist activity and armed conflict. These forward-looking statements are made only as of the date of this presentation, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Agenda • Operational Overview • Q3 2013 Financial Overview, Outlook & Liquidity • Business Update • Closing Remarks / Q & A Tecumseh Products Company Q3 2013 Shareholder Update–Nov. 6, 2013 Page 4

Operational Overview Tecumseh Products Company Q3 2013 Shareholder Update–Nov. 6, 2013 Page 5 • Q3 2013 Sales -- $194.4m – Q3 2012 -- $208.6m • Q3 2013 Gross Profit -- $24.0m or 12.3% of net sales – Q3 2012 -- $18.2m or 8.7% of net sales • Q3 2013 S & A expense -- $23.6m or 12.1% of net sales – Q3 2012 -- $25.6m or 12.3% of net sales • Sept. 30, 2013 cash and cash equivalents -- $40.0m

Operational Overview - Key Objectives Tecumseh Products Company Q3 2013 Shareholder Update–Nov. 6, 2013 Page 6 AE2 Compressor “Midi” TA Compressor “Mini” Celseon ® Low Profile • Focused product portfolio (value add) • Focused market approach • Rationalize manufacturing capacity • Fixed cost containment efforts • Advanced technology • Improved profitability • Enhanced liquidity AJ

Operational Overview – Value Add Tecumseh Products Company Q3 2013 Shareholder Update–Nov. 6, 2013 Page 7 New 48V Variable Speed Compressor combining the best of Tecumseh’s AE2 compressor and Masterflux 3rd generation controller technology.

194.4 8.7 7.01.5 208.6 0 50 100 150 200 250 Q3 2012 Price Volume/Mix FX Q3 2013 Sales Operational Overview - Sales Tecumseh Products Company Q3 2013 Shareholder Update–Nov. 6, 2013 Page 8 • Negative FX impact of $7.0m • 3.5% decrease excluding FX • Primarily net decreases in volume & mix partially offset by price increases $ USD in millions

120.1 3.6 0.3 1.0 123.0 0 25 50 75 100 125 Q3 2012 Volume/Mix Price FX Q3 2013 Commercial Market Sales Commercial 59%R&F 20% Air Conditioning 21% Sales % by Market Q3 2012 Commercial 62% R&F 17% Air Conditioning 21% Sales % by Market Q3 2013 120.1 41.3 33.0 123.0 44.4 41.2 - 20.0 40.0 60.0 80.0 100.0 120.0 140.0 Commercial Air Conditioning R&F Sales by Market Q3 2013 Q3 2012 Operational Overview – Sales Tecumseh Products Company Q3 2013 Shareholder Update–Nov. 6, 2013 Page 9 $ USD in millions $ USD in millions

Commercial 59%R&F 20% Air Conditioning 21% Sales % by Market Q3 2012 120.1 41.3 33.0 123.0 44.4 41.2 - 20.0 40.0 60.0 80.0 100.0 120.0 140.0 Commercial Air Conditioning R&F Sales by Market Q3 2013 Q3 2012 41.3 3.4 - 0.3 44.4 0 25 50 Q3 2012 Volume/Mix Price FX Q3 2013 A/C & Other Market Sales Commercial 62% R&F 17% Air Conditioning 21% Sales % by Market Q3 2013 Operational Overview – Sales Tecumseh Products Company Q3 2013 Shareholder Update–Nov. 6, 2013 Page 10 $ USD in millions $ USD in millions

33.0 5.1 3.3 0.2 41.2 0 25 50 Q3 2012 Volume/Mix Price FX Q3 2013 R&F Market Sales Commercial 62% R&F 17% Air Conditioning 21% Sales % by Market Q3 2013 Commercial 59%R&F 20% Air Conditioning 21% Sales % by Market Q3 2012 120.1 41.3 33.0 123.0 44.4 41.2 - 20.0 40.0 60.0 80.0 100.0 120.0 140.0 Commercial Air Conditioning R&F Sales by Market Q3 2013 Q3 2012 Operational Overview – Sales Tecumseh Products Company Q3 2013 Shareholder Update–Nov. 6, 2013 Page 11 $ USD in millions $ USD in millions

Agenda • Operational Overview • Q3 2013 Financial Overview, Outlook & Liquidity • Business Update • Closing Remarks / Q & A Tecumseh Products Company Q3 2013 Shareholder Update–Nov. 6, 2013 Page 12

2.5 1.0 18.2 24.0 0.3 0.9 1.5 2.2 4.4 - 5.0 10.0 15.0 20.0 25.0 Q3 201 2 Volu me / m ix Wa rran ty Oth er Oth mtr l & mfg Pric e Comm odit ies FX Q3 201 3 Gross Profit Q3 2013 Financial Overview Tecumseh Products Company Q3 2013 Shareholder Update–Nov. 6, 2013 Page 13 • Q3 2013 – 12.3% of net sales • Q3 2012 – 8.7% of net sales $ USD in millions

Q3 2013 Financial Overview Tecumseh Products Company Q3 2013 Shareholder Update–Nov. 6, 2013 Page 14 • Selling and administrative expenses: $2.0m lower expense primarily due to reduced expenses related to professional services and incentive compensation plan awards partially offset by increased employee benefit expense & other miscellaneous expense • Other income (expense), net: $1.1m reduction over Q3 2012 primarily related to unfavorable changes in foreign currency exchange rates • Impairments, restructuring charges, and other items: $6.8m increased expense mostly related to severance associated with a reduction in force at our French and Brazilian locations $ USD in millions Q3 2013 Q3 2012 Selling and administrative expenses (23.6) (25.6) Other income (expense), net 3.6 4.7 Impairments, restructuring charges , and other items (7.4) (0.6) Income/ (Expense)

Q3 2013 Q3 2012 Net (loss) ($5.7) ($3.8) Loss (income) from discontinued operations, net of tax 0.3 (0.1) Tax expense (benefit) 0.1 (1.6) Interest expense 2.2 2.5 Interest income (0.3) (0.3) Operating (loss) ($3.4) ($3.3) Depreciation and amortization 8.6 8.8 EBITDA FROM CONTINUING OPERATIONS* $5.2 $5.5 Impairments, restructuring charges, and other items 7.4 0.6 EBITDAR FROM CONTINUING OPERATIONS* $12.6 $6.1 % of net sales 6.5% 2.9% Q3 2013 Financial Overview Tecumseh Products Company Q3 2013 Shareholder Update–Nov. 6, 2013 Page 15 * While the Generally Accepted Accounting Principles in the United States of America (“GAAP”) results provide significant insight into our operations and financial position, Tecumseh management supplements its analysis of the business using Earnings Before Interest, Taxes, Depreciation and Amortization from Continuing Operations (“EBITDA”) and Earnings Before Interest, Taxes, Depreciation, Amortization, and Impairments, restructuring charges, and other items from Continuing Operations (“EBITDAR”); both of these are non-GAAP financial measures. Management believes that these non-GAAP financial measures, when taken together with the corresponding GAAP measure, provide incremental insight into the underlying factors and trends affecting our performance. However, EBITDA from Continuing Operations and EBITDAR from Continuing Operations, as defined above, should be viewed as supplemental data, rather than as a substitute or an alternative to the comparable GAAP measure. The table above presents a reconciliation of EBITDA from Continuing Operations and EBITDAR from Continuing Operations from our Net income (loss). $ USD in millions RECONCILIATION OF EBITDA FROM CONTINUING OPERATIONS AND EBITDAR FROM CONTINUING OPERATIONS FROM NET (LOSS)

Sep-13 Dec-12 Sep-12 Unrestricted Cash 40.0$ 55.3$ 53.2$ Borrowing Availability 25.8 8.5 10.8 Total Cash and Borrowing Availability 65.8$ 63.8$ 64.0$ % Sales - Trailing Four Quarters 7.9% 7.5% 7.7% Weighted Average Interest 7.7% 8.8% 9.1% Q3 2013 Liquidity Tecumseh Products Company Q3 2013 Shareholder Update–Nov. 6, 2013 Page 16 $ USD in millions NOTE: The reader should review this slide in connection with our Form 10-Q and related disclosures for the third quarter of 2013 filed yesterday.

2013 2012 Net (loss) income ($20.4) $33.1 Depreciation and amortization 26.9 27.4 Non-cash employee retirement benefits (9.2) (6.4) Other non-cash items 0.5 (45.9) Changes in operating assets and liabilities: Accounts receivable 5.7 (14.8) Inventories (29.6) (2.7) Payables and accrued expenses 24.0 17.1 Recoverable non-income taxes (1.4) 2.2 Other (6.2) (5.7) Cash (used in) provided by operating activities (9.7) 4.3 Cash (used in) investing activities (6.1) (4.4) Cash provided by financing activities 0.1 4.2 Effect of exchange rate changes on cash 0.4 (0.5) Decrease in cash and cash equivalents ($15.3) $3.6 Cash and cash equivalents - Beginning of Period 55.3 49.6 Cash and cash equivalents - End of Period 40.0 53.2 Cash paid for interest 6.7 7.2 Cash paid for taxes 1.2 0.6 Nine Months Ended June 30 Q3 2013 Liquidity Tecumseh Products Company Q3 2013 Shareholder Update–Nov. 6, 2013 Page 17 Cash used in operating activities: $9.7m use of cash primarily related to our net loss, employee retirement benefits, and other Cash used in investing activities: $6.1m use of cash mainly related to capital expenditures Cash provided by financing activities: $0.1m source of cash due to timing of financing activities (primarily in Brazil) $ USD in millions NOTE: The above cash flow statement is a condensed format. The reader should review this slide in connection with our Form 10-Q and related disclosures for the third quarter of 2013 filed yesterday.

Q3 2013 Outlook Tecumseh Products Company Q3 2013 Shareholder Update–Nov. 6, 2013 Page 18 • 2013 sales guidance: flat to 5% decrease over 2012 levels • Change from Q2 2013 sales guidance of flat to 3% increase over 2012 • 2013 capital expenditure guidance increased slightly to a range of $15-$20 million • Expect full year operating profit to be slightly higher than 2012 • Estimated 2013 operating cash flow of flat to positive if tax authorities refund non-income taxes as they have in the past

Agenda • Operational Overview • Q3 2013 Financial Overview, Outlook & Liquidity • Business Update • Closing Remarks / Q & A Tecumseh Products Company Q3 2013 Shareholder Update–Nov. 6, 2013 Page 19

Business Update Tecumseh Products Company Q3 2013 Shareholder Update–Nov. 6, 2013 Page 20 • French social plan negotiations concluded • Share collapse project on track for vote at 2014 Annual Shareholder Meeting • Continued focus on lean manufacturing initiatives and quality improvements • Manufacturing process improvements

Agenda • Operational Overview • Q3 2013 Financial Overview, Outlook & Liquidity • Business Update • Closing Remarks / Q & A Tecumseh Products Company Q3 2013 Shareholder Update–Nov. 6, 2013 Page 21

Closing Remarks / Q & A • Remain committed and focused on business objectives & strategic initiatives • Thank you for attending Tecumseh Products Company Third Quarter 2013 Shareholder Update Meeting • We will now take any questions you might have Tecumseh Products Company Q3 2013 Shareholder Update–Nov. 6, 2013 Page 22

Contact Information - Today’s Speakers Tecumseh Products Company Q3 2013 Shareholder Update–Nov. 6, 2013 Ms. Janice Stipp Executive Vice President, CFO & Treasurer Tecumseh Products Company 5683 Hines Drive Ann Arbor, MI 48108 Page 23 Mr. Jim Connor President & Chief Executive Officer Tecumseh Products Company 5683 Hines Drive Ann Arbor, MI 48108 E-Mail: investor.relations@tecumseh.com Phone: 1 (734) 585 9507