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ArvinMeritor CEO: Plan To Exit Auto-Part Production On Track

By Jeff Bennett OF DOW JONES NEWSWIRES DETROIT -(Dow Jones)- ArvinMeritor Inc. (ARM) Chief Executive Chip McClure reiterated his plan to completely exit auto-part production by the end of the year. The company has attracted "a great deal of interest" for its body-system business, which produces roof and door parts for automotive vehicles, McClure said following a speech in Detroit Wednesday. "We don't have to rush," McClure said. "I feel confident we will be on track to complete the sale." McClure is attempting to finish the final move in his strategy to flip ArvinMeritor to a major player in the commercial truck part making sector. ArvinMeritor has had to split its time and resources between auto- and truck-part production. The transformation comes at a time industry analysts are expecting truck production to begin to rebound after three consecutive years of production cutbacks. -By Jeff Bennett, Dow Jones Newswires; Jeff.bennett@dowjones.com; 248 204 5542

Stock News for Arvinmeritor (ARM)
DateTimeHeadline
02/01/201109:45:59ArvinMeritor Swings To 1Q Loss; Sees Strong 2Q Revenue
01/03/201116:53:13ArvinMeritor Completes Sale Of Body Systems Unit For $27.3M
11/16/201009:04:01ArvinMeritor Swings To 4Q Profit On Gain; Revenue Up 37%
09/20/201020:16:42ArvinMeritor To Invest $57 Million In Europe, China Brake Operations
08/03/201009:22:35ArvinMeritor 3Q Loss Narrows On Higher Sales, Margins
07/20/201018:48:06ArvinMeritor To Add 125 Jobs, Spend $23 Million To Expand Tech...
05/04/201016:15:10US Auto-Parts Cos.' Profit Up On Rejuvenated Sales, Production...
05/04/201009:02:28ArvinMeritor Swings To 2Q Profit, Gives Upbeat Sales Target
04/14/201011:01:45ArvinMeritor CEO: Plan To Exit Auto-Part Production On Track
02/02/201009:04:14ArvinMeritor Breaks Even In 1Q Amid Higher Margins, Lower Revenue
12/15/200909:05:27ArvinMeritor Sees 3rd Consecutive Quarter Positive Cash Flow
11/10/200909:17:55ArvinMeritor 4Q Loss Narrows Amid Cost Cuts; Names Operating...

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