TROY, Mich. (Aug. 19,
2008) — ArvinMeritor, Inc. (NYSE: ARM) announced today it received the
2008 ‘Corporate ONE’ Award from the Michigan Minority Business
Development Council (MMBDC) for its supplier diversity program which drives
procurement opportunities with minority business owners. This is the second
consecutive year ArvinMeritor has received this award.
“When it comes to supplier diversity, ArvinMeritor has set aggressive
targets for on-going investments with minority suppliers. While we’re making
good progress we still have room for improvement,” said Vernon Baker,
senior vice president and general counsel, who oversees ArvinMeritor’s
supplier diversity program. “To reach our goals we have made a commitment
toward creating a pipeline of opportunity for our minority supply base.”
During 2007, ArvinMeritor spent $95.3 million with minority suppliers,
including new contracts totaling $34 million in which minority suppliers
provided office supplies, professional staffing, logistics and auditing services,
as well as Maintenance, Repair and Operating (MRO) management and products.
Criteria for the ‘Corporate ONE’ award includes having an
established minority/diversity supplier development program, reporting minority
purchases on a quarterly basis and membership to the MMBDC’s
Project ONE, which is an initiative to aid minority businesses in becoming
competitive bidders for corporate contracts. Other corporations that are active
members of Project ONE include Ford Motor Company, Blue Cross/Blue Shield of
Michigan and Bank of America Corporation, among others.
Editor’s Note: A high-resolution photo of Vernon Baker can be downloaded
at http://www.arvinmeritor.com/media_room/baker.asp.
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 commercial truck, trailer and specialty original equipment
manufacturers and certain aftermarkets, and light vehicle manufacturers.
Headquartered in Troy, Mich., ArvinMeritor employs approximately
18,000 people in 24 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/.
CONTACTS: Media Inquiries
Lin Cummins
(248) 435-7112
linda.cummins@arvinmeritor.com
Investor Inquiries
Terry Huch
(248) 435-9426
terry.huch@arvinmeritor.com