EXHIBIT 99.1

March 6, 2003


TECUMSEH PRODUCTS COMPANY
(NASDAQ:  TECUA and TECUB)


                       TECUMSEH PRODUCTS COMPANY ANNOUNCES
                               PERMANENT FINANCING


Tecumseh, Michigan, March 6, 2003 . . . . Tecumseh Products Company announced
today that on March 5, 2003, it completed the permanent financing of the FASCO
Motors acquisition through the issuance of $300,000,000 in Senior Guaranteed
Notes due March 5, 2011.

The proceeds were used to repay a temporary bridge credit facility of the
Company in the amount of $250,000,000, with the balance used to pay down amounts
borrowed under the Company's $125 million revolving credit facility.

The notes, which bear the coupon rate of 4.66%, are for a term of eight years
from March 5, 2003, and call for a ratable principal amortization beginning at
the end of year four.

Tecumseh Products Company is a full-line independent global manufacturer of
hermetic compressors for residential and commercial refrigerators, freezers,
water coolers, dehumidifiers, window air conditioning units and residential and
commercial central system air conditioners and heat pumps; gasoline engines and
power train for lawn mowers, lawn and garden tractors, garden tillers, string
trimmers, snow throwers, industrial and agricultural applications and
recreational vehicles; electric motors and components, including AC and DC
motors, blowers, gear motors and linear actuators for a wide variety of
industrial and consumer applications across a broad range of industries; and
centrifugal pumps, sump pumps and small submersible pumps for industrial,
commercial, marine and agricultural applications.

Contact:          Pat Walsh
                  Director of Investor Relations
                  Tecumseh Products Company
                  (517) 423-8455

Website:  www.tecumseh.com