ArvinMeritor -- Financial News

ArvinMeritor Announces Exercise in Full by Underwriters of Over-Allotment Option to Purchase Additional 2,602,500 Shares of Common Stock

3/1/2010 4:36:50 PM

TROY, Mich. (March 1, 2010) � ArvinMeritor, Inc. (NYSE:ARM) today announced that the underwriters in its previously announced underwritten registered public offering of 17,350,000 shares of ArvinMeritor's common stock, par value $1 per share, have exercised in full their over-allotment option to purchase 2,602,500 additional shares of common stock at a price of $10.50 per share. The offering of all 19,952,500 shares is expected to close on March 3, 2010, subject to customary closing conditions.

ArvinMeritor intends to use the net proceeds from the offering to repay amounts outstanding under its revolving secured credit facility and its U.S. accounts receivable securitization program and for general corporate purposes.

J.P. Morgan Securities Inc., Citi and UBS Investment Bank are acting as joint book-running managers for the offering.

This press release is not an offer to sell and is not soliciting an offer to buy any of the securities, nor shall there be any offer or sale of the securities in any jurisdiction where the offer or sale is not permitted. The offering of securities is being made by means of a prospectus supplement and accompanying prospectus. Copies of the prospectus supplement and the accompanying prospectus can be obtained from:

J.P. Morgan Securities Inc.
Attn: Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Telephone: 1-866-803-9204

Citi
Brooklyn Army Terminal
140 58th Street, 8th Floor
Brooklyn, New York 11220
Telephone: 1-877-858-5407

UBS Investment Bank
Attn: Prospectus Department
299 Park Avenue
New York, New York 10171
Telephone: 1-888-827-7275

ArvinMeritor, Inc. is a global supplier of a broad range of integrated systems, modules and components to original equipment manufacturers and the aftermarket for the transportation and industrial sectors. The company serves commercial truck, trailer and specialty original equipment manufacturers and certain aftermarkets, and light vehicle manufacturers. ArvinMeritor common stock is traded on the New York Stock Exchange under the ticker symbol ARM.

CONTACTS: Media Inquiries
Lin Cummins
(248) 435-7112
linda.cummins@arvinmeritor.com

Investor Inquiries
Brett Penzkofer
(248) 435-9426
brett.penzkofer@arvinmeritor.com

ArvinMeritor Increases Total Consideration and Tender Offer Consideration in Tender Offer for Up to $175 Million of the Company's 8 3/4% Notes due 2012

3/1/2010 9:36:42 AM

TROY, Mich. (February 26, 2010) � ArvinMeritor, Inc. (NYSE:ARM) today announced that it has increased the price it will pay for its 8 3/4% Notes due 2012 that are tendered pursuant to its previously announced tender offer for up to $175 million aggregate principal amount of ArvinMeritor's 8 3/4% Notes due 2012.

The Total Consideration for each $1,000 principal amount of notes tendered pursuant to the offer has been increased to $1,097.50. Holders of notes that are validly tendered and not validly withdrawn at or before 5:00 p.m. New York City time on the Early Tender Date of March 8, 2010 will receive the Total Consideration for their notes that are accepted for purchase in the offer.

The Tender Offer Consideration for each $1,000 principal amount of notes tendered pursuant to the offer has been increased to $1,067.50. Holders of notes that are validly tendered after 5:00 p.m. New York City time on the Early Tender Date and at or before 11:59 p.m. New York City time on the Expiration Date of March 22, 2010 will receive the Tender Offer Consideration for their notes that are accepted for purchase in the offer. The Tender Offer Consideration consists of the Total Consideration minus the Early Tender Payment (which remains $30.00 for each $1,000 principal amount of notes).

Holders who tender notes at or before 5:00 p.m. New York City time on March 8, 2010 can withdraw tenders at or before 5:00 p.m. New York City time on March 8, 2010, but not thereafter. Holders who tender notes after 5:00 p.m. New York City time on March 8, 2010 cannot withdraw their tenders.

In addition to any consideration received, holders who tender notes that are accepted for payment in the offer will be paid any accrued and unpaid interest calculated up to but not including the settlement date. The settlement date is expected to be March 23, 2010, which is one day after the Expiration Date or promptly thereafter.

The Expiration Date and the Early Tender Date have not been extended and all of the other terms and conditions of the offer remain in effect as described in the Offer to Purchase dated February 23, 2010.

BofA Merrill Lynch, J.P. Morgan, Citi and RBS are the dealer managers for the offer. Global Bondholder Services Corporation is the Information Agent and Depositary for the offer. This news release is neither an offer to purchase nor a solicitation of an offer to sell the securities. The offer is made only by the Offer to Purchase dated February 23, 2010, and the information in this news release is qualified by reference to the Offer to Purchase. Persons with questions regarding the offer should contact BofA Merrill Lynch at (888) 292-0070 (U.S. toll free) or (980) 388-9217 (collect), J.P. Morgan at (866) 834-4666 (U.S. toll free) or (866) 834-3424 (collect), Citi at (800) 558-3745 (U.S. toll free) or (212) 723-6106 (collect) or RBS at (877) 297-9832 (U.S. toll free) or (203) 897-6145 (collect). Requests for documents should be directed to Global Bondholder Services Corporation at (866) 540-1500 or (212) 430-3774 (collect).

About ArvinMeritor
ArvinMeritor, Inc. is a premier global supplier of a broad range of integrated systems, modules and components to original equipment manufacturers and the aftermarket for the transportation and industrial sectors. The company marked its centennial anniversary in 2009, celebrating a long history of 'forward thinking.' The company serves commercial truck, trailer and specialty original equipment manufacturers and certain aftermarkets, and light vehicle manufacturers. ArvinMeritor common stock is traded on the New York Stock Exchange under the ticker symbol ARM. For important information about the company, visit ArvinMeritor's Web site at: http://www.arvinmeritor.com/.

Forward-Looking Statements
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. There are risks and uncertainties as well as potential substantial costs relating to the company's announced plans to divest the body systems business of our Light Vehicle Systems segment (LVS) and any of the strategic options under which to pursue such divestiture. In the case of any sale of all or a portion of the business, these risks and uncertainties include the timing and certainty of completion of any sale, the terms upon which any purchase and sale agreement may be entered into (including potential substantial costs) and whether closing conditions (some of which may not be within the company's control) will be met. In the case of any shut down of portions of the business, these risks and uncertainties include the amount of substantial severance and other payments as well as the length of time we will continue to have to operate the business, which is likely to be longer than in a sale scenario. There is also a risk of loss of customers of this business due to the uncertainty as to the future of this business. In addition, 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 cycles and conditions, including the recent global economic crisis; the demand for commercial, specialty and light vehicles for which the company supplies products; availability and sharply rising costs of raw materials, including steel; 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); whether our liquidity will be affected by declining vehicle production volumes in the future; original equipment manufacturer (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 suppliers and customers, 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; possible adverse effects of any future suspension of normal trade credit terms by our suppliers; potential difficulties competing with companies that have avoided their existing contracts in bankruptcy and reorganization proceedings; successful integration of acquired or merged businesses; the ability to achieve the expected annual savings and synergies from past and future business combinations and the ability to achieve the expected benefits of restructuring actions; success and timing of potential divestitures; potential impairment of long-lived assets, including goodwill; potential adjustment of the value of deferred tax assets; competitive product and pricing pressures; the amount of the company's debt; the ability of the company to continue to comply with covenants in its financing agreements; 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; the outcome of actual and potential product liability, warranty and recall claims; rising costs of pension and other postretirement benefits; and possible changes in accounting rules; as well as other substantial costs, risks and uncertainties, including but not limited to those detailed from time to time in filings of the company with the SEC. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by law.

CONTACTS:
Media Inquiries
Lin Cummins
(248) 435-7112
linda.cummins@arvinmeritor.com

Investor Inquiries
Brett Penzkofer
(248) 435-9426
brett.penzkofer@arvinmeritor.com

ArvinMeritor Announces Pricing of $250 Million of Senior Unsecured Notes

3/1/2010 9:35:24 AM

TROY, Mich. (February 26, 2010) � ArvinMeritor, Inc. (NYSE:ARM) today announced the pricing of its senior unsecured notes in an aggregate principal amount of $250 million in an underwritten registered public offering. The $250 million of notes will mature in March 2018 and will bear interest at an annual rate of 10.625%. The offering is expected to close on March 3, 2010, subject to customary closing conditions.

ArvinMeritor intends to use the net proceeds from the offering to repurchase up to $175 million of its 8-3/4% notes due 2012 and for general corporate purposes.

BofA Merrill Lynch, J.P. Morgan Securities Inc., Citi and RBS Securities Inc. are acting as joint book-running managers for the offering.

Banc of America Securities LLC
One Bryant Park
New York, New York 10036
Attn: Prospectus Department
Telephone: 1-800-294-1322

J.P. Morgan Securities Inc.
4 Chase Metrotech Center
CS Level
Brooklyn, New York 11425
Attn: Prospectus Library
Telephone: 1-718-242-8002 or 1-866-430-0686

Citi
Brooklyn Army Terminal
140 58th Street, 8th Floor
Brooklyn, New York 11220
Telephone: 1-877-858-5407

RBS Securities Inc.
600 Washington Boulevard
Stamford, Connecticut 06901
Attn: Debt Syndicate
Telephone: 1-866-884-2071

About ArvinMeritor
ArvinMeritor, Inc. is a global supplier of a broad range of integrated systems, modules and components to original equipment manufacturers and the aftermarket for the transportation and industrial sectors. The company serves commercial truck, trailer and specialty original equipment manufacturers and certain aftermarkets, and light vehicle manufacturers. ArvinMeritor common stock is traded on the New York Stock Exchange under the ticker symbol ARM.

CONTACTS:
Media Inquiries
Lin Cummins
(248) 435-7112
linda.cummins@arvinmeritor.com

Investor Inquiries
Brett Penzkofer
(248) 435-9426
brett.penzkofer@arvinmeritor.com

ArvinMeritor Announces Pricing and Increased Size of Common Stock Offering

2/25/2010 7:07:45 PM

TROY, Mich. (February 25, 2010) � ArvinMeritor, Inc. (NYSE:ARM) today announced that it priced an underwritten public offering of 17,350,000 shares of common stock, par value $1 per share, at a price of $10.50 per share. The size of the offering was increased from the previously announced 15,000,000 shares. In connection with this offering, ArvinMeritor has granted the underwriters an over-allotment option to purchase up to 2,602,500 additional shares of its common stock. The offering is expected to close on March 3, 2010, subject to customary closing conditions.

J.P. Morgan Securities Inc., Citi and UBS Investment Bank are acting as joint book-running managers for the offering.

J.P. Morgan Securities Inc.
Attn: Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Telephone: 1-866-803-9204

Citi
Brooklyn Army Terminal
140 58th Street, 8th Floor
Brooklyn, New York 11220
Telephone: 1-877-858-5407

UBS Investment Bank
Attn: Prospectus Department
299 Park Avenue
New York, New York 10171
Telephone: 1-888-827-7275

CONTACTS:
Media Inquiries
Lin Cummins
(248) 435-7112
linda.cummins@arvinmeritor.com

Investor Inquiries
Brett Penzkofer
(248) 435-9426
brett.penzkofer@arvinmeritor.com

ArvinMeritor Announces Offering of Common Stock

2/23/2010 7:20:10 AM

TROY, Mich. (Feb. 23, 2010) � ArvinMeritor, Inc. (NYSE:ARM) today announced that it is offering, subject to market and other conditions, 15,000,000 shares of its common stock, par value $1 per share, in an underwritten registered public offering. In connection with this offering, ArvinMeritor intends to grant the underwriters an over-allotment option to purchase up to 2,250,000 additional shares of its common stock.

J.P. Morgan Securities Inc., Citi and UBS Investment Bank are acting as joint book-running managers for the offering.

J.P. Morgan Securities Inc.
Attn: Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Telephone: 1-866-803-9204

Citi
Brooklyn Army Terminal
140 58th Street, 8th Floor
Brooklyn, New York 11220
Telephone: 1-877-858-5407

UBS Investment Bank
Attn: Prospectus Department
299 Park Avenue
New York, New York 10171
Telephone: 1-888-827-7275

CONTACTS: Media Inquiries
Lin Cummins
(248) 435-7112
linda.cummins@arvinmeritor.com

Investor Inquiries
Brett Penzkofer
(248) 435-9426
brett.penzkofer@arvinmeritor.com

ArvinMeritor Announces Tender Offer for Up to $175 Million of the Company's 8 3/4% Notes due 2012

2/23/2010 7:18:31 AM

TROY, Mich. (Feb. 23, 2010) � ArvinMeritor, Inc. (NYSE:ARM) today announced the commencement of a tender offer for up to $175 million aggregate principal amount of ArvinMeritor's 8 3/4% Notes due 2012 in the manner described below. The total outstanding principal amount of the notes included in the offer is approximately $276 million. ArvinMeritor will conduct the offer in accordance with terms and conditions described in its Offer to Purchase dated Feb. 23, 2010. The offer will expire at 11:59 p.m. New York City time on Mar. 22, 2010, unless extended or earlier terminated (the "Expiration Date").

The aggregate principal amount of notes that may be purchased in the offer will not exceed $175 million. To the extent the aggregate principal amount of notes tendered and not withdrawn pursuant to the offer exceeds this cap, ArvinMeritor will accept notes for purchase on a pro rata basis in the manner described in the Offer to Purchase.

The Total Consideration for each $1,000 principal amount of notes tendered pursuant to the offer will be $1,065. The Tender Offer Consideration for each $1,000 principal amount of notes tendered pursuant to the offer will be $1,035, which consists of the Total Consideration minus the Early Tender Payment (which is $30.00 for each $1,000 principal amount of notes). ArvinMeritor intends to fund the purchase of the notes from the proceeds of its pending offering of notes due 2018.

Holders of notes that are validly tendered and not validly withdrawn at or before 5:00 p.m. New York City time on the Early Tender Date of Mar. 8, 2010 will receive the Total Consideration for their notes that are accepted for purchase. Holders of notes that are validly tendered after 5:00 p.m. New York City time on the Early Tender Date and at or before 11:59 p.m. New York City time on the Expiration Date will receive the Tender Offer Consideration for their notes that are accepted for purchase, which is equal to the Total Consideration minus the Early Tender Payment. Holders who tender notes at or before 5:00 p.m. New York City time on the Early Tender Date can withdraw tenders at or before 5:00 p.m. New York City time on the Early Tender Date, but not thereafter. Holders who tender notes after 5:00 p.m. New York City time on the Early Tender Date cannot withdraw their tenders.

In addition to any consideration received, holders who tender notes that are accepted for payment in the offer will be paid any accrued and unpaid interest calculated up to but not including the settlement date. The settlement date is expected to be Mar. 23, 2010, which is one day after the Expiration Date or promptly thereafter.

BofA Merrill Lynch, J.P. Morgan, Citi and RBS are the dealer managers for the offer. Global Bondholder Services Corporation is the Information Agent and Depositary for the offer. This news release is neither an offer to purchase nor a solicitation of an offer to sell the securities. The offer is made only by the Offer to Purchase dated Feb. 23, 2010, and the information in this news release is qualified by reference to the Offer to Purchase. Persons with questions regarding the offer should contact BofA Merrill Lynch at (888) 292-0070 (U.S. toll free) or (980) 388-9217 (collect), J.P. Morgan at (866) 834-4666 (U.S. toll free) or (866) 834-3424 (collect), Citi at (800) 558-3745 (U.S. toll free) or (212) 723-6106 (collect) or RBS at (877) 297-9832 (U.S. toll free) or (203) 897-6145 (collect). Requests for documents should be directed to Global Bondholder Services Corporation at (866) 540-1500 or (212) 430-3774 (collect).

About ArvinMeritor

ArvinMeritor, Inc. is a premier global supplier of a broad range of integrated systems, modules and components to original equipment manufacturers and the aftermarket for the transportation and industrial sectors. The company marks its centennial anniversary in 2009, celebrating a long history of 'forward thinking.' The company serves commercial truck, trailer and specialty original equipment manufacturers and certain aftermarkets, and light vehicle manufacturers. ArvinMeritor common stock is traded on the New York Stock Exchange under the ticker symbol ARM. For important information about the company, visit ArvinMeritor's Web site at: http://www.arvinmeritor.com/.

Forward-Looking Statements

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. There are risks and uncertainties as well as potential substantial costs relating to the company's announced plans to divest the body systems business of our Light Vehicle Systems segment (LVS) and any of the strategic options under which to pursue such divestiture. In the case of any sale of all or a portion of the business, these risks and uncertainties include the timing and certainty of completion of any sale, the terms upon which any purchase and sale agreement may be entered into (including potential substantial costs) and whether closing conditions (some of which may not be within the company's control) will be met. In the case of any shut down of portions of the business, these risks and uncertainties include the amount of substantial severance and other payments as well as the length of time we will continue to have to operate the business, which is likely to be longer than in a sale scenario. There is also a risk of loss of customers of this business due to the uncertainty as to the future of this business. In addition, 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 cycles and conditions, including the recent global economic crisis; the demand for commercial, specialty and light vehicles for which the company supplies products; availability and sharply rising costs of raw materials, including steel; 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); whether our liquidity will be affected by declining vehicle production volumes in the future; original equipment manufacturer (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 suppliers and customers, 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; possible adverse effects of any future suspension of normal trade credit terms by our suppliers; potential difficulties competing with companies that have avoided their existing contracts in bankruptcy and reorganization proceedings; successful integration of acquired or merged businesses; the ability to achieve the expected annual savings and synergies from past and future business combinations and the ability to achieve the expected benefits of restructuring actions; success and timing of potential divestitures; potential impairment of long-lived assets, including goodwill; potential adjustment of the value of deferred tax assets; competitive product and pricing pressures; the amount of the company's debt; the ability of the company to continue to comply with covenants in its financing agreements; 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; the outcome of actual and potential product liability, warranty and recall claims; rising costs of pension and other postretirement benefits; and possible changes in accounting rules; as well as other substantial costs, risks and uncertainties, including but not limited to those detailed from time to time in filings of the company with the SEC. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by law.

CONTACTS: Media Inquiries

Lin Cummins

(248) 435-7112

linda.cummins@arvinmeritor.com

Investor Inquiries

Brett Penzkofer

(248) 435-9426

brett.penzkofer@arvinmeritor.com

ArvinMeritor Announces Offering of Senior Unsecured Notes

2/23/2010 7:15:34 AM

TROY, Mich. (Feb. 23, 2010) � ArvinMeritor, Inc. (NYSE:ARM) today announced that it is offering, subject to market and other conditions, a series of its senior unsecured notes in an underwritten registered public offering.

ArvinMeritor intends to use the net proceeds from the offering to repurchase up to $175 million of its 8-3/4% notes due 2012 and for general corporate purposes.

BofA Merrill Lynch, J.P. Morgan Securities Inc., Citi and RBS Securities Inc. are acting as joint book-running managers for the offering.

Banc of America Securities LLC
One Bryant Park
New York, New York 10036
Attn: Prospectus Department
Telephone: 1-800-294-1322

J.P. Morgan Securities Inc.
4 Chase Metrotech Center
CS Level
Brooklyn, New York 11425
Attn: Prospectus Library
Telephone: 1-718-242-8002 or 1-866-430-0686

Citi
Brooklyn Army Terminal
140 58th Street, 8th Floor
Brooklyn, New York 11220
Telephone: 1-877-858-5407

RBS Securities Inc.
600 Washington Boulevard
Stamford, Connecticut 06901
Attn: Debt Syndicate
Telephone: 1-866-884-2071

CONTACTS: Media Inquiries
Lin Cummins
(248) 435-7112
linda.cummins@arvinmeritor.com

Investor Inquiries
Brett Penzkofer
(248) 435-9426
brett.penzkofer@arvinmeritor.com

ArvinMeritor Reiterates Earnings Expectations for Fiscal Year 2010 Second-Quarter and Planning Assumptions for Full Fiscal Year

2/17/2010 8:49:03 AM

TROY, Mich., (Feb. 17, 2010) � ArvinMeritor, Inc. (NYSE: ARM) will reiterate guidance today for its second quarter of fiscal year 2010 and its planning assumptions for full fiscal year 2010, during its presentation at Barclays Capital Industrial Select Conference in Miami, Fla. The presentation by ArvinMeritor will be simultaneously webcast to the public and the materials will be posted on www.arvinmeritor.com.

The company�s financial guidance for the second quarter of fiscal year 2010 is for expected results from continuing operations which includes all four of ArvinMeritor�s current segments: Commercial Truck, Industrial, Aftermarket & Trailer and the remaining Light Vehicle Systems business.

For the second quarter of fiscal year 2010 (compared to the first fiscal quarter of 2010), the company anticipates:

Revenues to be flat
EBITDA, before special items, to be flat
Income before taxes, before special items, to be flat
Free cash flow to be slightly negative primarily due to the company�s semi-annual interest payment on its fixed debt securities.

The company will also reiterate that there was no change in its planning assumptions for the full fiscal year which call for capital expenditures in the range of $90-110 million, interest expense in the range of $95-110 million, income tax expense before special items in the range of $40-60 million and cash income taxes in the range of $25-50 million.

About ArvinMeritor

ArvinMeritor, Inc. is a premier global supplier of a broad range of integrated systems, modules and components to original equipment manufacturers and the aftermarket for the transportation and industrial sectors. The company serves commercial truck, trailer and specialty original equipment manufacturers and certain aftermarkets, and light vehicle manufacturers. ArvinMeritor marked its centennial anniversary in 2009, celebrating a long history of 'forward thinking.' ArvinMeritor common stock is traded on the New York Stock Exchange under the ticker symbol ARM. For important information about the company, visit arvinmeritor.com.

CONTACTS:
Media Inquiries
Krista Sohm
(248) 435-7115
krista.sohm@arvinmeritor.com

Investor Inquiries
Brett Penzkofer
(248) 435-9426
brett.penzkofer@arvinmeritor.com

Forward-Looking Statements

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. There are risks and uncertainties relating to the company�s announced plans to divest the Body Systems business of LVS and any of the strategic options under which to pursue such divestiture. In the case of any sale of all or a portion of the business, these risks and uncertainties include the timing and certainty of completion of any sale, the terms upon which any purchase and sale agreement may be entered into (including potential substantial costs) and whether closing conditions (some of which may not be within the company�s control) will be met. In the case of any shut down of portions of the business, these risks and uncertainties include the amount of substantial severance and other payments as well as the length of time we will continue to have to operate the business, which is likely to be longer than in a sale scenario. There is also a risk of loss of customers of this business due to the uncertainty as to the future of this business. In addition, 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 cycles and conditions, including the recent global economic crisis; 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); whether our liquidity will be affected by declining vehicle production volumes in the future; availability and sharply rising cost of raw materials, including steel and oil; 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 suppliers and customers, 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; possible adverse effects of any future suspension of normal trade credit terms by our suppliers; potential difficulties competing with companies that have avoided their existing contracts in bankruptcy and reorganization proceedings; successful integration of acquired or merged businesses; the ability to achieve the expected annual savings and synergies from past and future business combinations and the ability to achieve the expected benefits of restructuring actions; the ability to achieve anticipated or continued cost savings from reduction actions; success and timing of potential divestitures; potential impairment of long-lived assets, including goodwill; potential adjustment of the value of deferred tax assets; competitive product and pricing pressures; the amount of the company�s debt; the ability of the company to continue to comply with covenants in its financing agreements; 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; the outcome of actual and potential product liability and warranty and recall claims; rising costs of pension and other post-retirement benefits and possible changes in pension and other accounting rules; as well as other risks and uncertainties, including but not limited to those detailed from time to time in filings of the company with the SEC. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by law.

All earnings per share amounts are on a diluted basis. The company's fiscal year ends on the Sunday nearest Sept. 30, and its fiscal quarters end on the Sundays nearest Dec. 31, March 31 and June 30. All year and quarter references relate to the company's fiscal year and fiscal quarters, unless otherwise stated.

ArvinMeritor to Present at Barclays Capital Industrial Select Conference

2/16/2010 10:06:33 AM

TROY, Mich. (Feb. 16, 2010) � ArvinMeritor, Inc. (NYSE:ARM), today announced that Jay Craig, senior vice president and chief financial officer, will participate in the Barclays Capital Industrial Select Conference on Wednesday, Feb. 17, at The Loews Miami Hotel in Miami Beach, Fla.

A live Web cast of the company�s presentation will be available beginning at 1:05 p.m. (ET) on Feb. 17, on the company�s Web site at www.arvinmeritor.com. An audio replay will be accessible from ArvinMeritor�s Web site within 24 hours following the presentation.

About ArvinMeritor

ArvinMeritor, Inc. is a premier global supplier of a broad range of integrated systems, modules and components to original equipment manufacturers and the aftermarket for the transportation and industrial sectors. The company serves commercial truck, trailer and specialty original equipment manufacturers and certain aftermarkets, and light vehicle manufacturers. ArvinMeritor marked its centennial anniversary in 2009, celebrating a long history of 'forward thinking.' ArvinMeritor common stock is traded on the New York Stock Exchange under the ticker symbol ARM. For important information about the company, visit arvinmeritor.com.

CONTACTS:
Media Inquiries
Krista Sohm
(248) 435-7115
krista.sohm@arvinmeritor.com

Investor Inquiries
Brett Penzkofer
(248) 435-9426
brett.penzkofer@arvinmeritor.com

ArvinMeritor Reports Fiscal Year 2010 First-Quarter Results

2/2/2010 9:16:00 AM

Profitability Dramatically Improves with Growth in Global Markets

TROY, Mich. (Feb. 2, 2010) � ArvinMeritor, Inc. (NYSE: ARM) today reported financial results for its first fiscal quarter ended Dec. 31, 2009.

First-Quarter Highlights

First-quarter sales were $1.1 billion, approximately a 16-percent increase from the fourth quarter of fiscal year 2009; and down slightly from $1.2 billion in the first quarter of fiscal year 2009.
Net income on a GAAP basis was breakeven compared to a GAAP loss of $961 million in the same period last year.
Income from continuing operations, before special items, was also breakeven compared to a loss of $47 million in the first quarter of fiscal year 2009. Loss from continuing operations on a GAAP basis for the quarter was $2 million compared to a loss of $920 million in the prior year�s quarter.
First-quarter EBITDA from continuing operations, before special items, was $56 million, up $16 million compared to the fourth quarter of fiscal year 2009, and up $40 million compared to the first quarter of fiscal year 2009.
Cash flow from operations was $27 million compared to a cash outflow from operations of $338 million in the same period last year.
Free cash flow (cash flow from operations, net of capital expenditures) was $2 million in the first quarter compared to free cash outflow of $386 million in the first quarter of fiscal year 2009.

�Our financial results for the first quarter demonstrate that as we experience growth in our global markets we are successfully retaining the benefits of our previously executed cost reductions,� said Chip McClure, chairman, CEO and president.

�This quarter, we were able to convert on incremental revenue while maintaining structural cost improvements and reinstating full salaries to our employees. At the same time, we announced a nearly $10 million planned investment in South America to support our expansion into new product segments, and an additional planned investment of approximately $10 million to increase production capacity at our off-highway axle joint venture in Xuzhou, China. Both of these investments support the strong growth we are experiencing in emerging markets,� said McClure.

First-Quarter Fiscal Year 2010 Results

For the first quarter of fiscal year 2010, ArvinMeritor posted sales from continuing operations of $1.1 billion, an increase of 16 percent from the fourth fiscal quarter of 2009, and a decrease of approximately six percent from the same period last year.

EBITDA, before special items, was $56 million, up 40 percent from the fourth fiscal quarter of 2009. EBITDA, before special items, was $16 million in the same period last year.

Loss from continuing operations on a GAAP basis was $2 million for the first quarter, or a loss of $0.03 per diluted share, compared to a loss from continuing operations of $920 million, or a loss of $12.72 per diluted share, in the same period last year. In the prior year, the company recognized $856 million of non-cash asset impairment charges mostly associated with establishing valuation reserves for certain deferred tax assets and other asset impairments primarily for Light Vehicle Systems (LVS) goodwill and fixed assets.

Income from continuing operations, before special items, was breakeven compared to a loss of $47 million, or $0.65 per diluted share, a year ago.

Free cash flow was $2 million in the first quarter of fiscal year 2010 compared with free cash outflow of $386 million in the same period last year. The company�s first-quarter free cash flow reflects stable working capital levels, improved earnings and represents the third consecutive quarter of positive performance in this area.

The company had $105 million in cash balances and unutilized commitments of $605 million under its revolving credit facility as of Dec. 31, 2009.

Light Vehicle Systems

EBITDA for the LVS segment was $6 million in the first quarter of fiscal year 2010 compared to negative $252 million in the same period last year. The improved EBITDA performance is primarily due to significant cost reductions associated with LVS overhead costs and improved financial performance in the Body Systems business � which was recently awarded several new customer contracts. In addition, the company recognized non-cash asset impairments totaling $209 million in this segment in the prior year.

Outlook

The company�s financial guidance for the second quarter of fiscal year 2010 is for expected results from continuing operations which includes all four of ArvinMeritor�s current segments.

For the second quarter of fiscal year 2010 (compared to the first fiscal quarter of 2010), the company anticipates:

Revenues to be flat
EBITDA, before special items, to be flat
Income before taxes, before special items, to be flat
Free cash flow to be slightly negative primarily due to the company�s semi-annual interest payment on its fixed debt securities.

�We will maintain an acute focus on becoming a leading commercial on- and off-highway company in our defined segments by introducing new products that meet our customers� needs, entrenching ourselves in emerging markets, and making investments that enable us to grow profitably,� said McClure. �At the same time, we will be diligent in managing our costs.�

About ArvinMeritor
ArvinMeritor, Inc. is a premier global supplier of a broad range of integrated systems, modules and components to original equipment manufacturers and the aftermarket for the transportation and industrial sectors. The company serves commercial truck, trailer and specialty original equipment manufacturers and certain aftermarkets, and light vehicle manufacturers. ArvinMeritor marked its centennial anniversary in 2009, celebrating a long history of 'forward thinking.' ArvinMeritor common stock is traded on the New York Stock Exchange under the ticker symbol ARM. For important information about the company, visit arvinmeritor.com.

CONTACTS:
Media Inquiries
Lin Cummins
(248) 435-7112
linda.cummins@arvinmeritor.com

Investor Inquiries
Brett Penzkofer
(248) 435-9426
brett.penzkofer@arvinmeritor.com

Forward-Looking Statements

Non-GAAP Measures

In addition to the results reported in accordance with accounting principles generally accepted in the United States (�GAAP�) included throughout this press release, the company has provided information regarding income or loss from continuing operations, diluted earnings per share and operating income before special items, which are non-GAAP financial measures. These non-GAAP measures are defined as reported income or loss from continuing operations, reported diluted earnings or loss per share, and EBITDA plus or minus special items. Other non-GAAP financial measures include �free cash flow.� EBITDA is defined as income or loss from continuing operations before interest, income taxes, depreciation and amortization and loss on sale of receivables. We use EBITDA as the primary basis to evaluate the performance of each of our reportable segments. Free cash flow represents net cash provided by operating activities, less capital expenditures.

Management believes that the non-GAAP financial measures used in this press release are useful to both management and investors in their analysis of the company's financial position and results of operations. In particular, management believes that EBITDA is a meaningful measure of performance as it is commonly utilized by management and the investment community to analyze operating performance and entity valuation; and free cash flow is useful in analyzing the company�s ability to service and repay its debt. Further, management uses these non-GAAP measures for planning and forecasting in future periods.

These non-GAAP measures should not be considered a substitute for the reported results prepared in accordance with GAAP. EBITDA should not be considered as an alternative to net income as an indicator of our operating performance or to cash flows as a measure of liquidity. Free cash flow should not be considered a substitute for cash provided by operating activities, or other cash flow statement data prepared in accordance with GAAP, or as a measure of financial position or liquidity. In addition, the calculation of free cash flow does not reflect cash used to service debt or cash received from the divestitures of businesses or sales of other assets and thus does not reflect funds available for investment or other discretionary uses. These non-GAAP financial measures, as determined and presented by the company, may not be comparable to related or similarly titled measures reported by other companies.

Set forth on the following pages are reconciliations of these non-GAAP financial measures, if applicable, to the most directly comparable financial measures calculated and presented in accordance with GAAP.

First-Quarter 2010 Conference Call

The company will host a conference call and Web cast to present the company�s fiscal year 2010 first-quarter financial results on Tuesday, Feb. 2, 2010, at 9 a.m. (ET).

To participate, call (617) 213-4850, ten minutes prior to the start of the call. Please reference pass code 79923237 when dialing in. Investors can also listen to the conference call in real time � or for seven days by recording � by visiting www.arvinmeritor.com.

A replay of the call will be available from noon on Feb. 2, to 11:59 p.m. Feb. 9, 2010, by calling (888) 286-8010 (within the United States) or (617) 801-6888 for international calls. Please refer to replay pass code number 60329180.

To access the listen-only audio Web cast, visit the company�s web site at www.arvinmeritor.com and select the Web cast link from the home page or the investor page.

ARVINMERITOR, INC.
��CONSOLIDATED STATEMENT OF OPERATIONS
��(Unaudited)
��(In millions, except per share amounts)

��Quarter Ended December 31,
��2009 ��2008
��------- ��-------
��Sales ��$1,146 ��$1,220
��Cost of sales ��(1,031) ��(1,145)
��------- ��-------
��GROSS MARGIN ��115 ��75
��Selling, general and administrative ��(85) ��(97)
��Restructuring costs ��(2) ��(24)
��Asset impairment charges ��- ��(153)
��Goodwill impairment charges ��- ��(70)
��------- ��-------
��OPERATING INCOME (LOSS) ��28 ��(269)
��Equity in earnings of affiliates ��10 ��4
��Interest expense, net ��(23) ��(23)
��------- ��-------
��INCOME (LOSS) BEFORE INCOME TAXES ��15 ��(288)
��Provision for income taxes ��(14) ��(630)
��------- ��-------
��INCOME (LOSS) FROM CONTINUING OPERATIONS ��1 ��(918)
��INCOME (LOSS) FROM DISCONTINUED OPERATIONS ��2 ��(53)
��------- ��-------
��NET INCOME (LOSS) ��$3 ��$(971)
��NET INCOME (LOSS) ATTRIBUTABLE TO
��NONCONTROLLING INTERESTS ��(3) ��10
��------- ��-------
��LOSS ATTRIBUTABLE TO ARVINMERITOR, INC. ��$- ��$(961)
��======= ��=======

��NET LOSS ATTRIBUTABLE TO ARVINMERITOR, INC.
��Loss From Continuing Operations ��$(2) ��$(920)
��Income (Loss) From Discontinued Operations ��2 ��(41)
��------- ��-------
��NET INCOME (LOSS) ��$- ��$(961)
��======= ��=======

��DILUTED EARNINGS (LOSS) PER SHARE
��Continuing operations ��$(0.03) ��$(12.72)
��Discontinued operations ��0.03 ��(0.57)
��------- ��-------
��Diluted loss per share ��$- ��$(13.29)
��======= ��=======
��Basic and diluted average common shares
��outstanding ��72.7 ��72.3

��Amounts for the prior period have been recasted for discontinued
��operations.

��ARVINMERITOR, INC.
��CONDENSED CONSOLIDATED BALANCE SHEET
��(Unaudited, In millions)

��December 31, ��September 30,
��2009 ��2009
��------------ ��-------------
��ASSETS:
��Cash and cash equivalents ��$105 ��$95
��Receivables, trade and other, net ��681 ��694
��Inventories ��394 ��374
��Other current assets ��114 ��153
��------------ ��-------------
��TOTAL CURRENT ASSETS ��1,294 ��1,316
��------------ ��-------------
��Investments in affiliates ��138 ��125
��Net property ��441 ��445
��Goodwill ��437 ��438
��Other assets ��189 ��181
��------------ ��-------------
��TOTAL ASSETS ��$2,499 ��$2,505
��============ ��=============

��LIABILITIES AND EQUITY (DEFICIT)
��Short-term debt ��$89 ��$97
��Accounts payable ��683 ��674
��Accrued compensation and benefits ��143 ��144
��Other current liabilities ��281 ��374
��------------ ��-------------
��TOTAL CURRENT LIABILITIES ��1,196 ��1,289
��------------ ��-------------
��Long-term debt ��1,001 ��995
��Accrued Retirement benefits ��1,082 ��1,077
��Other liabilities ��332 ��310
��Shareowners' deficit attributable to
��ArvinMeritor, Inc. ��(1,143) ��(1,195)
��Noncontrolling interests ��31 ��29
��------------ ��-------------
��TOTAL �EQUITY (DEFICIT) ��(1,112) ��(1,166)
��------------ ��-------------
��TOTAL LIABILITIES AND EQUITY (DEFICIT) ��$2,499 ��$2,505
��============ ��=============

��ARVINMERITOR, INC.
��CONSOLIDATED BUSINESS SEGMENT INFORMATION
��(Unaudited, In millions)

��Quarter Ended
��December 31,
��--------------------------
��2009 ��2008
��-------- ��--------
��Sales:
��Commercial Truck ��$433 ��$595
��Industrial ��226 ��210
��Aftermarket & Trailer ��222 ��254
��Light Vehicle Systems ��346 ��263
��Intersegment Sales ��(81) ��(102)
��-------- ��--------
��Total sales ��$1,146 ��$1,220
��======== ��========
��EBITDA:
��Commercial Truck ��$12 ��$(6)
��Industrial ��22 ��20
��Aftermarket & Trailer ��17 ��17
��Light Vehicle Systems ��6 ��(252)
��-------- ��--------
��Total Segment EBITDA ��57 ��(221)
��Unallocated Corporate Costs ��(3) ��(16)
��-------- ��--------
��Total EBITDA ��54 ��(237)
��Loss on Sale of Receivables ��(1) ��(4)
��Depreciation and Amortization ��(18) ��(26)
��Interest Expense, Net ��(23) ��(23)
��Provision for Income Taxes ��(14) ��(630)
��-------- ��--------
��Loss from Continuing Operations
��Attributable to ArvinMeritor, Inc. ��$(2) ��$(920)
��======== ��========

��Amounts for the prior period have been recasted for discontinued
��operations.

��ARVINMERITOR, INC.
��CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
��(Unaudited, In millions)

��Three Months Ended
��December 31,
��-------------------
��2009 ��2008
��------ ��------
��OPERATING ACTIVITIES
��Income (loss) from continuing operations ��$1 ��$(918)
��Adjustments to income (loss) from continuing operations:
��Depreciation and amortization ��18 ��26
��Asset Impairment charges ��- ��223
��Deferred income tax expense ��4 ��622
��Restructuring costs, net of payments ��(3) ��13
��Other adjustments to income (loss) from continuing
��operations ��(7) ��(1)
��Pension and retiree medical expense ��25 ��19
��Pension and retiree medical contributions ��(21) ��(46)
��Changes in off-balance sheet receivable
��securitization and factoring ��54 ��(4)
��Changes in assets and liabilities ��(47) ��(255)
��------ ��------
��Cash flows provided by (used for) continuing
��operations ��24 ��(321)
��Cash flows provided by (used for) discontinued
��operations, net ��3 ��(17)
��------ ��------
��CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES ��27 ��(338)
��------ ��------
��INVESTING ACTIVITIES
��Capital expenditures ��(22) ��(38)
��Other investing activities ��1 ��2
��Net investing cash flows provided by (used for)
��discontinued operations ��5 ��(10)
��------ ��------
��CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES ��(16) ��(46)
��------ ��------
��FINANCING ACTIVITIES
��Borrowings (payments) on accounts receivable
��securitization program ��2 ��(18)
��Borrowings on revolving credit facility ��7 ��103
��Net change in other debt ��(11) ��3
��------ ��------
��Net change in debt ��(2) ��88
��Cash dividends ��- ��(8)
��Net financing cash flows used for discontinued
��operations ��- ��(9)
��------ ��------
��CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES ��(2) ��71
��------ ��------
��EFFECT OF CHANGES IN FOREIGN CURRENCY EXCHANGE
��RATES ON CASH AND CASH EQUIVALENTS ��1 ��(26)
��------ ��------
��CHANGE IN CASH AND CASH EQUIVALENTS ��10 ��(339)
��CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD ��95 ��497
��------ ��------
��CASH AND CASH EQUIVALENTS AT END OF PERIOD ��$105 ��$158
��====== ��======

��Amounts for the prior period have been recasted for discontinued
��operations.

��ARVINMERITOR, INC.
��SELECTED FINANCIAL INFORMATION - RECONCILIATION
��Non-GAAP
��(Unaudited)
��(In millions, except per share amounts)

��Q1 FY 10
��Q1 FY 10 ��Before
��Reported �Restructuring �Special Items
��-------- �------------- �-------------
��Sales ��$1,146 ��$- ��$1,146
��Gross Margin ��115 ��- ��115
��Operating Income ��28 ��2 ��30
��Income (Loss) from Continuing
��Operations Attributable to
��ArvinMeritor, Inc. ��(2) ��2 ��-
��Diluted Income (Loss) Per Share
��- Continuing Operations ��$(0.03) ��$0.03 ��$-

��Segment EBITDA:
��Commercial Truck ��$12 ��$- ��$12
��Industrial ��22 ��- ��22
��Aftermarket & Trailer ��17 ��- ��17
��Light Vehicle Systems ��6 ��2 ��8
��-------- ��-------- ��--------
��Segment EBITDA ��$57 ��$2 ��$59
��======== ��======== ��========

��ARVINMERITOR, INC.
��SELECTED FINANCIAL INFORMATION - RECONCILIATION
��Non-GAAP
��(Unaudited)
��(In millions, except per share amounts)
��Q1
��LVS ��Non-cash �FY 09
��Separ- ��Asset ��Income ��Before
��Q1 FY 09 ��Restruc- ��ation ��Impair- �Tax ��Special
��Reported ��turing ��Costs ��ments ��Charges ��Items
��-------- ��-------- ��------ ��------- �-------- �-------

��Sales ��$1,220 ��$- ��$- ��$- ��$- ��$1,220
��Gross Margin ��75 ��- ��- ��- ��- ��75
��Operating Loss ��(269) ��24 ��6 ��223 ��- ��(16)
��Loss from
��Continuing
��Operations
��Attributable
��to
��ArvinMeritor,
��Inc. ��(920) ��24 ��6 ��210 ��633 ��(47)
��Diluted Income
��(Loss) Per
��Share -
��Continuing
��Operations ��$(12.72) ��$0.33 ��$0.08 ��$2.90 ��8.76 ��$(0.65)

��Segment EBITDA:
��Commercial Truck ��$(6) ��$7 ��$- ��$8 ��$- ��$9
��Industrial ��20 ��1 ��- ��- ��- ��21
��Aftermarket
��& Trailer ��17 ��- ��- ��- ��- ��17
��Light Vehicle
��Systems ��(252) ��13 ��- ��209 ��- ��(30)
��------- ��------- �------- ��------- ��------- �-------
��Segment EBITDA ��$(221) ��$21 ��$- ��$217 ��$- ��$17
��======= ��======= �======= ��======= ��======= �=======

��ARVINMERITOR, INC.
��EBITDA BEFORE SPECIAL ITEMS RECONCILIATION
��Non-GAAP
��(Unaudited, In millions)

��Three Months Ended
��--------------------------------
��December 31, ��September 30,
��--------------------------------
��2009 ��2008 ��2009
��---- ��---- ��----
��Total EBITDA - Before Special Items ��$56 ��$16 ��$40
��Asset Impairment Charges ��- ��(223) ��-
��Restructuring Costs ��(2) ��(24) ��(4)
��LVS Separation Costs ��- ��(6) ��-
��Loss on Sale of Receivables ��(1) ��(4) ��-
��Depreciation and Amortization ��(18) ��(26) ��(21)
��Interest Expense, Net (A) ��(23) ��(23) ��(23)
��Provision for Income Taxes ��(14) ��(630) ��(43)
��---- ��---- ��----
��Income (Loss) From Continuing Operations
��Attributable to ArvinMeritor, Inc. ��$(2) ��$(920) ��$(51)
��==== ��==== ��====

��(A) Prior period interest expense has been restated to reflect the
��adoption of FASB guidance on convertible debt.

��ARVINMERITOR, INC.
��FREE CASH FLOW - RECONCILIATION
��Non-GAAP
��(Unaudited, In millions)

��Quarter Ended
��December 31,
��----------------
��2009 ��2008
��---- ��----
��Cash flows provided by (used for) continuing
��operations ��$24 ��$(321)
��Capital expenditures - continuing operations ��(22) ��(38)
��---- ��----
��Free cash flows provided by (used for)
��continuing operations ��2 ��(359)
��---- ��----

��Cash flows provided by (used for) discontinued
��operations ��3 ��(17)
��Capital expenditures - discontinued operations ��(3) ��(10)
��---- ��----
��Cash flows provided by (used for) discontinued
��operations ��- ��(27)
��---- ��----

��Free cash flow - full company ��$2 ��$(386)
��==== ��====