EXHIBIT 99

TECUMSEH PRODUCTS ANNOUNCES ACQUISITION OF FASCO MOTORS FROM INVENSYS


Tecumseh, Michigan - - December 30, 2002 - - Tecumseh Products Company today
announced that it has completed its previously announced acquisition of FASCO
Motors from Invensys plc. FASCO is a leading manufacturer in the U.S. of
fractional horsepower motors. FASCO manufactures AC motors, DC motors, blowers,
gear motors and linear actuators. Its products are used in a wide variety of
applications within the HVAC, automotive, healthcare and appliance industries
among others. Sales for the year ended March 31, 2002 were approximately $480
million. FASCO has 13 manufacturing facilities worldwide, including eight in the
United States, two in Mexico and one each in Canada, Thailand and Australia,
employing approximately 5,200 people.

FASCO, along with certain existing Tecumseh operations, will form a new
Electrical Components business segment of Tecumseh Products Company. The FASCO
business will continue to operate as a single business unit and no manpower
reductions are contemplated as a result of the combination, other than those at
two locations currently in the process of being shutdown.

The purchase price was $415 million. Of this amount, $397 million was paid at
closing, and reflects $18.3 million in estimates of net debt assumed by Tecumseh
and working capital and other adjustments. The preliminary estimates of net debt
and working capital are subject to post-closing review and further adjustment.
The $397 million paid by Tecumseh at closing consisted of $325 million of new
bank borrowings with the balance coming from cash reserves.

Tecumseh Products Company is a full line, independent global manufacturer of
mechanical and electrical components essential to industries creating end
products for health, comfort and convenience. Our products include hermetic
compressors for air conditioning and refrigeration applications, gasoline
engines and power train components for lawn and garden applications, and pumps.
Our products are sold in over 100 countries around the world. Worldwide sales
for the year ended December 31, 2001 were approximately $1.4 billion.

This news release 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. 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.
Readers are cautioned that actual results may differ materially from those
projected as a result of certain risks and uncertainties. For a description of
these risks and uncertainties, refer to "Cautionary Statements Relating to
Forward Looking Statements" in the Management's Discussion and Analysis section
of Tecumseh Products Company's Annual Report to Shareholders and Form 10-K for
the year ended December 31, 2001, and each quarter's 10-Q.