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ArvinMeritor Incorporated
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ArvinMeritor asks Ontario union to make concessions
www.trucknews.com | Dec 3, 2008
Truck News is Canada's leading trucking newspaper for the trucking industry, and includes information on truckers' business needs and personal interests plus listings for truck driving jobs, used trucks and trucking companies.
http://www.trucknews.com/issues/ISArticle.asp?id=93087&issue=12032008&ref=rss
Top News: Automobile Equipment Manufacturer ArvinMeritor to Sell Light Vehicles Segment
www.fandmmag.com | Nov 25, 2008
ArvinMeritor (Troy, MI), a global automobile equipment manufacturer, announced its fourth quarter and fiscal year 2008 earnings on November 18. The company's sales were up somewhat, rising from $1.59 billion in 4Q07 to $1.72 billion in 4Q08. For the year, sales were $7.17 billion, compared with $6.
ArvinMeritor Stays in Neutral (Zacks.com)
biz.yahoo.com | Nov 19, 2008
ArvinMeritor Stays in Neutral. - ArvinMeritor, Inc. (NYSE: ARM - News) has earned a leading position in most of the markets it serves.
Rocky Road For ArvinMeritor
www.topix.net | Nov 19, 2008
The ailing auto parts supplier issues lower-than-expected 2009 guidance as European truck demand is expected to wane.
http://www.topix.net/business/manufacturing/2008/11/rocky-road-for-arvinmeritor
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Video: ArvinMeritor Feels Pension Pinch - Zibb.com
www.zibb.com
ArvinMeritor Cutting 1,250 Jobs, May Sell Unit Set for Spinoff http://www.clipsyndicate.com/video/playlist/1998/735223?cpt=8&wpid=523
http://www.zibb.com/article/4285493/Video+ArvinMeritor+Feels+Pension+Pinch
Gas springs and gas spring dampers, end connectors and brackets for motion control
Gas Springs are ideal motion control devices for lifting, holding, counterbalancing, and providing support for applications such as horizontally hinged doors. The most commonly known application is on the hatchback of a car.
ArvinMeritor Appoints Barbara Novak Vice President and Corporate Secretary
Novak is responsible for the company's listing requirements associated with the SEC and the New York Stock Exchange, and will play a key role in financing transactions, shareholder meetings, investor communications and executive compensation.
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News from Zibb.com
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ArvinMeritor Stays in Neutral - Zibb.com
Nov 20, 2008 (Zacks Investment Research via COMTEX) --
ArvinMeritor, Inc. (ARM) has earned a leading position in most of the markets it serves. Presently, the company is planning to spin off its Light Vehicle Systems (LVS) business. The company is undergoing dramatic cost reductions through its profit improvement initiative 'Performance Plus.' It is also expanding geographically and outsourcing to low-cost countries. However, difficult conditions in North American and West European automotive markets are primary concerns for the company. Downturn in the auto industry, which took automakers such as General Motors Corporation (GM) on the verge of bankruptcy, makes us apprehensive about the near term prospects for auto suppliers such as ARM.Production cuts, coupled with rising steel and fuel prices, lead us to rate the shares a Hold with a target price of $3.00.Read the full analyst report on ARM.Read the full analyst report on GM.
Get real-time market insights and profitable stock recommendations from the team of analysts at Zacks Equity Research. See all today?s Analyst Blog entries.
Tags: automotive bankruptcy business equity investment opinion market profit research steel
Companies: ArvinMeritor, Inc. (ARM)
Automobile Equipment Manufacturer ArvinMeritor to Sell Light Vehicles Segment, an Industrial Info
SUGAR LAND, TX, Nov 19, 2008 (MARKET WIRE via COMTEX) --
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.
For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=141325, or browse other breaking industrial news stories at www.industrialinfo.com.
Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to industrialmanufacturing@industrialinfo.com or visit us online at www.industrialinfo.com.
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Contact: Joe Govreau 713-783-5147
SOURCE: Industrial Info Resources
Tags: automobile automotive commercial earnings energy industrial kentucky manufacturer marketing merger michigan military multimedia north america nyse plant products sales sugar texas
Companies: ArvinMeritor, Inc. (ARM)
BRIEF-ArvinMeritor had $1.1 billion in liquidity - Zibb.com
DETROIT, Nov 18, 2008 (Reuters via COMTEX) --
ArvinMeritor Inc:
* Says had $1.1 billion in available liquidity as of sept.30
* Says liquidity consists of $500 million cash, $600 million available under
revolver
* Says 'currently in negotiations' to sell car parts unit
((Reporting by Soyoung Kim; soyoung.kim@thomsonreuters.com; tel: +1 313 967 1903))
(For more news about ArvinMeritor Inc click here:)
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Companies: ArvinMeritor, Inc. (ARM)
ArvinMeritor to cut 1,250 jobs - Zibb.com
Nov 03, 2008 (Datamonitor via COMTEX) --
ArvinMeritor, a supplier of integrated systems and components to the automotive industry, has announced that it is reducing its global workforce by 1,250 employees or approximately 7%, which is comprised of 450 salaried and 800 hourly positions, in response to the current weakness in global business conditions.
ArvinMeritor is responding aggressively to the current weakness in global business conditions by executing comprehensive restructuring and cost-reduction initiatives. In addition, it is exploring strategic alternatives to the spin-off of its light vehicle systems business group.
The company said that it has accelerated restructuring actions, including workforce and discretionary cost reductions to achieve an expected $125 million in annualized savings in 2009.
The new cost reduction actions are additional to those the company executed over the past four years. During this period, the company consolidated 17 of its North American and European manufacturing facilities, divested non-core businesses, reduced its global workforce by approximately 4,000 and implemented a business transformation program.
Chip McClure, chairman, CEO and president of ArvinMeritor, said: "Swift and decisive actions are necessary in response to today's global economic conditions, which include softness in all markets in which we participate, as well as weaker foreign currencies."
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Tags: business ceo president restructuring
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