Company Announces Contract Valued at $79 Million
with a Leading Automotive Manufacturer in China
SHANGHAI, China
(Dec. 1, 2005) — ArvinMeritor, Inc. (NYSE: ARM) announced today that
its Light Vehicle Systems (LVS) business group will provide a leading automotive
manufacturer in China with a complete sealed door module, including window
regulator and motor for a 2007 model year vehicle, as part of a newly awarded,
multi-year, $79 million contract. ArvinMeritor will establish a final assembly
Customer Value Center close to the customer, with product shipments scheduled to
begin in October 2006. Customer identity and specific terms of the contract were
not disclosed.
“We are honored to be selected as the door module partner
for this important domestic vehicle,” said Robert Marty, vice president and
general manager of LVS Door Systems. “This is our first piece of door module
business with this customer. We look forward to the opportunity to provide them
with our advanced, safety-focused glass movement technology. We are confident in
our team’s ability to deliver the highest levels of safety and quality for
China’s domestic market.”
ArvinMeritor’s Light Vehicle Systems (LVS)
business group posted $4.8 billion in sales during fiscal year 2005, and employs
more than 15,000 people at 73 facilities in 23 countries. LVS – a market leader
in the product categories it serves – supplies integrated systems and modules to
the world’s leading passenger car and light truck OEMs. With advanced technology
and systems design expertise in apertures, undercarriage, wheel and emissions
control, LVS combines high-quality components into cost-effective,
performance-based solutions for virtually every car and light truck on the road
today.
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. Headquartered in Troy, Mich.,
ArvinMeritor employs approximately 29,000 people at more than 120 manufacturing
facilities in 25 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/.
Forward-Looking
Statement
This press release contains statements relating to future
results of the company (including certain projections and business trends) that
are “forward-looking statements” as defined in the Private Securities Litigation
Reform Act of 1995. Forward-looking statements are typically identified by words
or phrases such as “believe,” “expect,” “anticipate,” “estimate,” “should,” “are
likely to be,” “will,” and similar expressions. Actual results may differ
materially from those projected as a result of certain risks and uncertainties,
including, but not limited to, global economic and market conditions; the demand
for commercial, specialty and light vehicles for which the company supplies
products; risks inherent in operating abroad (including foreign currency
exchange rates and potential disruption of production and supply due to
terrorist attacks or acts of aggression); availability and cost of raw
materials, including steel; OEM program delays; demand for and market acceptance
of new and existing products; successful development of new products; reliance
on major OEM customers; labor relations of the company, its customers and
suppliers; including potential disruptions in supply of parts to our facilities
or demand for our products due to work stoppages; the financial condition of the
company’s suppliers and customers, including potential bankruptcies; successful
integration of acquired or merged businesses; the ability to achieve the
expected annual savings and synergies from past and future business
combinations; success and timing of potential divestitures; potential impairment
of long-lived assets, including goodwill; competitive product and pricing
pressures; the amount of the company’s debt; the ability of the company to
access capital markets; credit ratings of the company’s debt; the outcome of
existing and any future legal proceedings, including any litigation with respect
to environmental or asbestos-related matters; as well as other risks and
uncertainties, including, but not limited to, those detailed from time to time
in the filings of the company with the Securities and Exchange
Commission.
CONTACTS: Media
Inquiries
Colleen Hanley
(313) 551-2833
colleen.hanley@arvinmeritor.com
Liana Teo
Ketchum Public
Relations-Shanghai
(86) 215-289-5838
liana.teo@knprsh.com
Investor Inquiries
Brian
Casey
(248) 435-0015
brian.casey@arvinmeritor.com