SOURCE: Industrial Info Resources

November 19, 2008 08:00 ET

Automobile Equipment Manufacturer ArvinMeritor to Sell Light Vehicles Segment, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - November 19, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- ArvinMeritor (NYSE:ARM) (Troy, Michigan), a global automobile equipment manufacturer, announced its fourth quarter and fiscal year 2008 earnings on November 18. For the year, sales were $7.17 billion, compared with $6.45 billion in 2007. The sales increase was largely from increased sales outside of the North American market, particularly in the company's commercial vehicle systems sector, which manufactures trucks, trailers, buses, military and other vehicles not intended for domestic use. ArvinMeritor additionally announced that the company intends to sell the entire light vehicles segment of the business, with the exception of the wheels-manufacturing portion.

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