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ArvinMeritor Forms Global Ride Control Business


March 2007
 Filed under: AUTOMOTIVE MANUFACTURING Car News | AUTOMOTIVE MANUFACTURING Headlines
TROY, Mich., March 5 /PRNewswire/ -- ArvinMeritor, Inc. (NYSE:ARM) announced today its commitment to develop its global ride control businesses as an integral part of the company's overall vehicle stability strategy. This will involve the integration of design, manufacturing and distribution of light-, medium- and heavy-duty original equipment and replacement shock absorbers and struts. The new organization will also include the 100-year old Gabriel light vehicle aftermarket business previously held in discontinued operations.

"As previously announced with our decision to sell the Emissions Technologies business, ArvinMeritor continues to sharpen its focus on core competencies which include chassis, drivetrain and aperture systems," said Chairman, CEO and President Charles G. "Chip" McClure. "By combining and leveraging our current ride control engineering, supply base and global operations we're uniquely positioned to develop advanced vehicle stability solutions that our diverse original equipment and aftermarket customers will value."
The newly-combined Ride Control business will report into the company's Light Vehicle Systems (LVS) business group. It will include LVS Ride Control, Gabriel de Venezuela, Gabriel de Colombia, Gabriel India, Gabriel Light Vehicle Aftermarket in North America and Europe, and Commercial Vehicle Systems Ride Control including recreational and industrial applications.

ArvinMeritor LVS President, Phil Martens added, "ArvinMeritor is also implementing an aggressive strategy in Asia which includes responding to an overwhelming demand for ride control capabilities. The proceeds from the Emissions Technologies sale will increase our ability to invest in the research and technology that will further enhance our ability to serve our global OEM and aftermarket customer needs."

About ArvinMeritor

ArvinMeritor, Inc. is a premier global supplier of a broad range of integrated systems, modules and components to the motor vehicle industry. The company serves light vehicle, commercial truck, trailer and specialty original equipment manufacturers and certain aftermarkets from more than 110 manufacturing facilities globally. Headquartered in Troy, Mich., ArvinMeritor employs approximately 27,500 people in 26 countries. ArvinMeritor common stock is traded on the New York Stock Exchange under the ticker symbol ARM. For more information, visit the company's Web site at: http://www.arvinmeritor.com/

Source: ArvinMeritor, Inc.

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