ArvinMeritor Light Vehicle Suspension Modules Unveiled in Europe
Stuttgart, Germany (ots/PRNewswire)
ArvinMeritor, Inc. (NYSE: ARM) today unveiled the company's Light Vehicle Systems (LVS) suspension module product portfolio for the first time in Europe. Until now, ArvinMeritor -- which is the supplier of three different suspension modules for the 2005 Jeep Grand Cherokee -- has principally focused its marketing efforts on North America. Today's announcement was made from the company's exhibit booth at the annual Vehicle Dynamics Expo in Stuttgart.
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"ArvinMeritor's light vehicle suspension module business, which was formed in 2002, is one of the company's many success stories -- growing to an estimated US$600 million by 2008," said Sidney Del Gaudio, vice president and general manager of LVS Undercarriage Systems for ArvinMeritor. "We are one of a few Tier One suppliers that have the technical, design, manufacturing and logistical expertise and capabilities to provide complete suspension modules on a global basis."
ArvinMeritor's light vehicle suspension module portfolio includes:
Cross-car cradle module: Currently in production, this module contains 12 major components including the axle, cradle, lower control arm, steering gear and stabilizer bar.
Wheel-end module: Currently in production, this module contains five major components including the knuckle, caliper, rotor, heat shield, and hub and bearing.
Coil-over shock module: Currently in production, this module contains four major components including the coil spring, shock and upper shock mount.
Air suspension systems: Currently in development, ArvinMeritor's full system integration approach for air suspension systems improves ride and handling, and allows for load leveling and height adjustability.
Active roll control systems: Currently in development, ArvinMeritor's hydraulically-assisted stabilizer bar system improves ride, handling and safety, as well as enhances the capability of stability control systems.
Adaptive damping system: Currently in development, this product offers increased safety and comfort by actively adjusting damping forces in the shock or strut.
Also announced today, in a separate press release, are plans to develop and commercialize a hydraulically-coupled, electric power steering system.
ArvinMeritor's Light Vehicle Systems (LVS) business group posted US$4.8 billion in sales during fiscal year 2004, and employs 17,000 people at 75 facilities in 23 countries. LVS -- a market leader in the product categories it serves -- supplies integrated systems and modules to the world's leading passenger car and light truck OEMs. With advanced technology and systems design expertise in apertures, undercarriage, wheel and emissions control, LVS combines high-quality components into cost-effective, performance-based solutions for virtually every car and light truck on the road today.
ArvinMeritor, Inc. is a premier US$8 billion global supplier of a broad range of integrated systems, modules and components to the motor vehicle industry. The company serves light vehicle, commercial truck, trailer and specialty original equipment manufacturers and related aftermarkets. Headquartered in Troy, Mich., ArvinMeritor employs approximately 31,000 people at more than 120 manufacturing facilities in 25 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/ .
This press release also 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. 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 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; 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 customers and suppliers; the financial condition of the company's suppliers and customers, including potential bankruptcies; successful integration of acquired or merged businesses; the ability to achieve the expected annual savings and synergies from past and future business combinations; success and timing of potential divestitures; potential impairment of long-lived assets, including goodwill; competitive product and pricing pressures; the amount of the company's debt; 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; as well as other risks and uncertainties, including, but not limited to, those detailed from time to time in the filings of the company with the Securities and Exchange Commission.
Web site: http://www.arvinmeritor.com
Contact:
Colleen Hanley of ArvinMeritor, Inc., mobile: +1-248-766-3576, or
colleen.hanley@arvinmeritor.com ,
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