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ArvinMeritor Trailer Systems Manufacturing to Relocate to Current Braking Systems Facility in Cwmbran, Wales

WREXHAM, Wales, Sept. 2 /PRNewswire-FirstCall/ -- ArvinMeritor, Inc. (NYSE: ARM) today announced that its Commercial Vehicle Systems (CVS) trailer systems (axle and suspension) manufacturing will relocate to the company's current Braking Systems European manufacturing headquarters in Cwmbran, Wales.

When ArvinMeritor opened consultations recently for the closure of trailer axle manufacturing at its Wrexham plant, it announced the consideration of several alternative locations in both Western and Eastern Europe. The Welsh Development Agency, with the aid of a Regional Assistance Grant from the Welsh Assembly Government, was instrumental in the retention of the company's trailer axle manufacturing within the United Kingdom.

"Combining facilities to strengthen our global manufacturing base is in line with our corporate strategy," said Chip McClure, chairman, CEO and president of ArvinMeritor, Inc. "These actions support our efforts to be more efficient, avoid creating excess capacity and improve our financial performance."

"The combination of trailer and braking system manufacturing makes sense for our business and our customers, and is totally aligned with our strategy and growth plans," said Sergio Carvalho, vice president and general manager of CVS Trailer Systems. "The decision will improve long-term competitiveness and underscores our commitment to the European trailer market."

Details regarding the timing of the overall transition plan will be communicated to the company's customers and suppliers in the near future.

ArvinMeritor's Commercial Vehicle Systems (CVS) business group posted more than $3.2 billion in sales during fiscal year 2004, and employs more than 8,500 people at 65 facilities in 19 countries. CVS is one of the industry leaders in supplying technologically advanced axle-braking and suspension systems solutions as original equipment for medium -- and heavy-duty trucks, trailers, buses, coaches and specialty vehicles worldwide.

ArvinMeritor, Inc. is a premier $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 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.

SOURCE ArvinMeritor, Inc.

CONTACT:
Media Inquiries, David Giroux
Mobile 31-65-24-33-512, david.giroux@arvinmeritor.com
D. Mike Pennington
Mobile +1-248-670-5736, david.pennington@arvinmeritor.com
or
Investor Inquiries, Brian Casey, +1-248-435-0015, brian.casey@arvinmeritor.com
Web site: http://www.arvinmeritor.com

 
 
 
 
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