* Q3 EPS 10 cents vs 4 cents yr ago

* End-Q3 liquidity totals $1.3 bln

DETROIT, Oct 29 (Reuters) - Auto parts maker Federal-Mogul Corp's (FDML.O: Quote, Profile, Research) quarterly profit more than doubled from a year earlier, as it cut costs to address the economic downturn and production cuts by its automaker customers.

The company's third-quarter net income came to $10 million, or 10 cents per share, up from $4 million, or 4 cents per share, a year earlier.

Revenue fell 18 percent to $1.38 billion.

Federal-Mogul, controlled by billionaire investor Carl Icahn, said it had $1.3 billion of liquidity at the end of the third quarter. It had reduced its headcount by about 11,000 employees, or 22 percent, during the current industry downturn. (Reporting by Soyoung Kim, editing by Gerald E. McCormick)