| ArvinMeritor Opens South
American Center of Excellence to Support Growing Light Vehicle Business
LIMEIRA, SP Brazil (May 21, 2008)
— ArvinMeritor’s (NYSE: ARM)
Light Vehicle Systems (LVS) business group announces the opening of a new
Global Center of Excellence located in Limeira, SP, Brazil. The
state-of-the-art 37,000 square foot facility houses research and development
for Fumagalli™ brand steel wheels, with expanded engineering and program
management capabilities to support the LVS growth strategy for body and
chassis systems in South America. “The Global Center of Excellence provides
superior engineering support which is a competitive advantage to our
regional customers in growing markets like the BRIC countries of Brazil,
Russia, India and China,” said Phil Martens, president, LVS, ArvinMeritor.
“The center gives our South American customer base access to LVS’ full
spectrum of advanced smart systems™ technologies for improved vehicle
safety, comfort and performance.” As the primary regional resource for LVS
South America, the Global Center of Excellence includes engineering, program
management, sales, testing, validation, quality, sourcing, logistics and
finance. The facility joins the company’s existing network of technology
centers located in China, France, Germany, India, Japan, Mexico, United
Kingdom and the United States. It supports local design applications of
chassis systems and components, roof systems, door modules, window
regulators and motors. "ArvinMeritor is an industry leader with a 60-year
history of providing innovative, quality Fumagalli steel wheels in Brazil
and Mercosur," said Don Polk, vice-president and general manager, Wheels and
LVS South America, ArvinMeritor. “The Center of Excellence leverages our
wheels innovation and expertise to support our customers with our entire
product portfolio of systems solutions.”
Light Vehicle Systems
ArvinMeritor’s LVS business is a leading global provider of dynamic motion
and control automotive systems and components, with sales of $2.2 billion in
2007 – $2.0 billion of value-added sales and $200 million of pass-through
sales. Of the value-added sales, more than 60 percent were outside North
America. ArvinMeritor’s LVS business group is a market leader in many of the
product categories it serves, supplying components and integrated systems
and modules to the world’s leading passenger car and light truck OEMs. LVS
smart systems™ technologies combine the intelligent application of controls
and electronics with traditional mechanical products, to take on new form
and function at both the component and system levels. With advanced
technology and systems design expertise – in body systems (roof, and door
modules and systems, motors, latches, window regulators, and electronic
controls); and chassis systems (chassis and suspension modules and systems,
ride control products, electronic chassis control systems, global
aftermarket chassis products and wheels) – LVS produces integrated,
high-quality, cost-effective performance-based solutions for practically all
car and light truck market segments.
About ArvinMeritor
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 commercial truck, trailer and specialty original
equipment manufacturers and certain aftermarkets, and light vehicle
manufacturers. Headquartered in Troy, Mich., ArvinMeritor employs
approximately 19,000 people in 24 countries. ArvinMeritor common stock is
traded on the New York Stock Exchange under the ticker symbol ARM. For more
information, and high resolution photography, visit the company'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. 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; 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 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; 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 herein and from time to time in other 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 –
Americas and Asia
Jeff Gammons
+1 (313) 551-2903
mailto:jeffrey.gammons@arvinmeritor.com
Media Inquiries – Europe
Marco Foley
+44 (0)121 625 3220
mailto:marco.foley@arvinmeritor.com
Investor Inquiries
Terry Huch
+1 (248) 435-9426
mailto:terry.huch@arvinmeritor.com
|