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ArvinMeritor to Move Ride Control Operation and Reduce Workforce in Chickasha, Oklahoma Light Vehicle Aftermarket Facility

TROY, Mich., Sept 14, 2005 /PRNewswire via COMTEX News Network/ -- ArvinMeritor, Inc. (NYSE: ARM) announced today that it plans to move the shock and strut portion of its manufacturing operations from the Chickasha, Okla., U.S. facility to its plant in Queretaro, Mexico.

The company met with employees today to discuss the transfer plans, which will affect approximately 270 full-time and temporary Chickasha employees. The transfer of this business and the reduction in workforce will begin in September and conclude in November. "Transferring operations within our business group improves our ability to compete," said Rob Malone, vice president and general manager, Light Vehicle Aftermarket. "Current market conditions require tough decisions."

ArvinMeritor announced in November 2004 that it planned to divest the Light Vehicle Aftermarket business in a strategic move to focus its resources on the global original equipment automotive and commercial truck markets. On an investor call in July, Chairman, CEO and President Chip McClure commented, "As we pursue potential opportunities for Light Vehicle Aftermarket, we will continue to be aggressive in the actions we're taking to improve this business." Regarding today's announcement, McClure said, "Although unavoidable, we recognize the impact this will have on our Chickasha employees and the community."

The company plans to maintain packaging, distribution, receiving, returns processing, design engineering and rod manufacturing operations at the Chickasha facility.

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/ .

SOURCE ArvinMeritor, Inc.

Media Inquiries:
Krista McClure
248-435-7115
krista.mcclure@arvinmeritor.com

Investor Inquiries:
Brian Casey
248-435-0015
brian.casey@arvinmeritor.com
both of ArvinMeritor, Inc.

 
 
 
 
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