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                                                                    EXHIBIT 99.2

                    FOURTH QUARTER 2005 INVESTOR PRESENTATION
    JAMES S. NICHOLSON, VICE PRESIDENT, TREASURER AND CHIEF FINANCIAL OFFICER
                                FEBRUARY 9, 2006

     Thank you, Jim.

     Good morning and welcome to our fourth quarter 2005 conference call. This
call is being simultaneously broadcast on the internet and will also be archived
for replay starting this afternoon. The replay can be accessed at our web site,
www.tecumseh.com.

     Following my normal protocol, I will start our conversation this morning
with some brief comments expanding on our press release. Following my comments,
we will open the call for your questions.

     I would remind you that my prepared comments this morning, and the answers
to your questions, contain forward-looking statements within the meaning of the
Securities laws. I refer you to the cautionary statements contained in our press
release concerning significant risks and uncertainties involved with forward
looking statements that could cause actual results to differ materially from
projected results.

     The fourth quarter reflected a continuation of the negative factors that
have been adversely affecting results throughout the year. Reported results for
the fourth quarter 2005 amounted to a net loss of $55.8 million or $3.02 per
share, compared to a net loss of $13.2 million or $0.71 per share in the fourth
quarter of 2004. Included in the fourth quarter 2005 reported results were
several charges totaling $9.7 million or $0.53 per share. Included in these
charges were restructuring and impairment charges of $5.7 million related to
actions taken in Europe involving the Engine & Power Train Group, additional
impairment charges of $1.5


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million related to a number of previously announced and ongoing restructuring
efforts, and an impairment charge of $2.5 million related to the intangible
assets of an ancillary business.

     Another item that deserves some elaboration is our tax expense. You may
recall from last quarter that the Company provided a valuation allowance against
a majority of its deferred tax assets and ceased to record tax benefits related
to net operating losses in many of its taxing jurisdictions, including the
United States. As a result, periods in the near future will have little tax
expense or benefit in relation to pre-tax results. The small expense in the
fourth quarter was largely the result of additional valuation allowances
recognized.

     Exclusive of restructuring, impairment and other items in 2005 and 2004,
overall operating results declined in the fourth quarter, primarily due to
results in the Engine & Power Train and Compressor businesses. Corporate
expenses and interest costs were also higher in the fourth quarter 2005 versus a
year ago. In summary, the fourth quarter and full year results were heavily
impacted by higher commodity costs and unfavorable currency movements involving
the Brazilian Real. I will address these factors more specifically in my
comments regarding each business segment; however, in the aggregate and on a
pre-tax basis, we estimate that currency had an approximate impact on year over
year profitability for the fourth quarter and full year of $14 million and $41
million, respectively. The cost of commodities was $20 million and $99 million
higher for the fourth quarter and full year, respectively, when compared to the
comparable 2004 period.

     Consolidated sales for the quarter amounted to $442.2 million, down from
last year's fourth quarter sales of $471.9 million. The effects of foreign
currency translation increased sales by $13.4 million. Net of the effects of
currency translation, sales declined by 9.1% in the fourth


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quarter of 2005 compared to a year ago. The most significant sales declines were
experienced in the Compressor and Engine & Power Train segments.

     With that as an overview, I will now break down these results by our
respective business segments, starting with the Compressor segment. Excluding
the effects of foreign currency translation of $13.5 million, sales declined by
$25.2 million or 11.7% for the quarter. The decline in sales was attributable to
market weakness in the Europe for compressors used in residential refrigerators
and freezers, market weakness in Brazil for compressors used in both residential
refrigerators and air conditioners, and declines in India for compressors used
in air conditioning as OEM's continue to shift away from reciprocating-style
compressors to rotary-style compressors. Volumes for the full year for
compressors used in these two categories were also down, but not to the extent
experienced in the fourth quarter.

     Compressor segment operating results amounted to a loss of $4.8 million in
the quarter versus income of $6.8 million a year ago. This decline reflects the
lower volumes, higher commodity costs, and a very unfavorable value of the
Brazilian Real. On average, the Brazilian Real was 19% stronger versus the U.S.
Dollar over the fourth quarter 2005 compared to 2004. For comparison purposes,
the Brazilian Real was approximately 20%, 17% and 10% stronger year over year
during the third, second and first quarters, respectively. The Company estimates
that the net effect of currency on pretax segment operating results was $10
million and $39 million for the fourth quarter and full year, respectively.

     Our outlook for the Compressor Group in 2006 is based upon an expectation
that currency and commodity conditions will not appreciably improve. The
strength of the Real and volume trends in South America and Europe are expected
to depress earnings in this segment in


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2006. Cost improvement actions and new product introductions will provide
benefits in the longer term, but are not expected to outweigh the impact of
currency and commodities in 2006.

     Moving to the Electrical Components Group - for the quarter, the Group
reported sales of $104.2 million compared to $108.3 million a year ago. The
change in sales reflects lower volumes, primarily in the automotive sector, due
to lower customer build schedules and our customers' share with their respective
OEMs, net of price increases.

     Electrical Components operating income for the quarter was $3.5 million
compared to $100,000 a year ago. The improvement in operating results is due to
lower amortization of intangibles, price increases, and improved productivity in
excess of higher commodity costs and lower volumes. The improvement in results
represents the second consecutive quarter of year over year improvement after
experiencing difficult conditions in the first half of the year. The
improvements are the direct result of concerted margin improvement activities
that are onging.

     Looking forward into 2006 for the Electrical Components business, we expect
results to continue to improve as the benefits of pricing actions and cost
reduction actions continue to affect results. In addition, we expect improved
sales in 2006 as new business in the automotive sector begins in the second half
of the year.

     Now for the Engine & Power Train Group - Sales in the Engine & Power Train
Group were down $17.7 million or 14% compared to prior year's fourth quarter.
The decrease was primarily attributable to the previously described loss of
business at Sears and lower volumes in Europe. The timing of some 2006 summer
season deliveries was also a factor. Snow shipments during the quarter were
consistent with the prior year's favorable volumes.


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     The Group's operating results declined by $23.6 million in comparison to
the prior year's fourth quarter. The decline was attributable to a number of
factors, including lower volumes, higher material and transportation costs, the
unfavorable effects of a stronger Real on higher production levels in Brazil, an
engine recall, and the recognition of AlixPartners' fees in the quarter totaling
$6.3 million.

     Despite the difficult operating results, we continue to make progress in
restructuring and consolidating the productive assets of this business. On
October 28, 2005, we announced our intent to cease engine assembly at our
Corinth, Mississippi location, and on January 6, 2006, we announced the
cessation of engine manufacturing operations in our Turin, Italy facility. In
addition, the Company experienced some incremental share wins for the upcoming
2006 green season.

     Excluding contingent fees expected to be paid to AlixPartners, the Company
expects substantial improvement in Engine & Power Train results in 2006;
however, operating profit is still expected to be negative until all of the
Company's cost improvement actions are completed.

     Now for the Pump Group - sales increased by $3.8 million or 16% over the
prior year. The increase was attributable to higher volumes across most of the
business' market categories. Robust demand, partially fueled by weather, good
industrial markets, and new product acceptance, were all key to the increases.
The sales growth was primarily responsible for the half million dollar or 21%
increase in operating profit.

     Now let's cover some other matters of significance. The rapid decline in
operating performance throughout the year had resulted in the need to obtain
amendments to the financial covenants associated with the Company's Senior
Guaranteed Notes and Revolving Credit


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facility; however, with expectations of further deterioration, it became evident
that new financing arrangements would be necessary. On February 6, 2006, the
Company completed these new financing arrangements, which include both senior
and subordinated components. Accordingly, the Company expects to have sufficient
capital resources to complete its respective profit improvement plans and once
again generate free cash flows.

     In addition, we continue to explore alternatives, including both
acquisitions and divestitures, that would improve the overall competitiveness of
the Company and enhance our ability to achieve our overall business strategies.

     In conclusion, we are happy to put 2005 behind us. While the outlook for
economic conditions, like currency values and commodity costs, is not
particularly bright, we believe we continue to take the necessary cost reduction
actions and product development steps that will produce more favorable results
in the future.

     That concludes my prepared comments for this morning. I will now take your
questions.


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