ArvinMeritor Marks 100-Year Heritage of Forward Thinking
03 Fevereiro 2009 - 1:51PM
PR Newswire (US)
TROY, Mich., Feb. 3 /PRNewswire-FirstCall/ -- ArvinMeritor, Inc.
(NYSE: ARM) today announced its centennial heritage anniversary at
the company's annual shareowner meeting which took place at its
headquarters in Troy, Mich. on Jan. 30, 2009. The company will
commemorate this historic milestone throughout 2009 at events and
product exhibitions which will be marked with the launch of several
"next generation" products from axles to brakes to hybrid
drivetrain applications that offer significant benefits to
customers through advanced design and state-of-the-art
manufacturing technology. "ArvinMeritor's longevity is based on a
rich heritage of product performance, customer service and
engineering expertise," said Chip McClure, chairman, CEO and
president of ArvinMeritor. "These characteristics, combined with
our commitment to develop industry-leading products and provide
customized services to meet the needs of our customers around the
world, describe our long history of 'forward thinking.'" The many
evolutions of the company and its predecessors during the past 100
years have contributed to the diverse culture and extraordinary
global team in place today. ArvinMeritor has always been passionate
about its strategies for growth and remains committed to growing
its capabilities and strengthening its market position to succeed -
even in the current challenging economic climate. Since the
company's earliest roots as Timken-Detroit Axle in 1909 - through
its evolution as Rockwell, Meritor Automotive and ArvinMeritor - it
has been a leading supplier of commercial and light vehicle
systems, modules and components to the global transportation
industry. ArvinMeritor has a family of well-known brands including:
Meritor(R), Euclid, Meritor WABCO, Gabriel(R), Mascot and
Trucktechnic. About ArvinMeritor ArvinMeritor, Inc. is a premier
global supplier of a broad range of integrated systems, modules and
components to the motor vehicle industry. The company marks its
centennial anniversary in 2009, celebrating a long history of
'forward thinking.' The company serves commercial truck, trailer
and specialty original equipment manufacturers and certain
aftermarkets, and light vehicle manufacturers. 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/. Forward-Looking Statements 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. Forward-looking
statements are typically identified by words or phrases such as
"believe," "expect," "anticipate," "estimate," "should," "are
likely to be," "will" and similar expressions. 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 cycles and 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 and oil; 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 suppliers and customers, including
potential disruptions in supply of parts to our facilities or
demand for our products due to work stoppages; the financial
condition of the company's suppliers and customers, including
potential bankruptcies; possible adverse effects of any future
suspension of normal trade credit terms by our suppliers; potential
difficulties competing with companies that have avoided their
existing contracts in bankruptcy and reorganization proceedings;
successful integration of acquired or merged businesses; the
ability to achieve the expected annual savings and synergies from
past and future business combinations and the ability to achieve
the expected benefits of restructuring actions; success and timing
of potential divestitures; potential impairment of long-lived
assets, including goodwill; potential adjustment of the value of
deferred tax assets; competitive product and pricing pressures; the
amount of the company's debt; the ability of the company to
continue to comply with covenants in its financing agreements; 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; including any litigation with respect
to environmental or asbestos-related matters; product liability and
warranty and recall claims; rising costs of pension and other
post-retirement benefits and possible changes in pension and other
accounting rules; as well as other risks and uncertainties,
including but not limited to those detailed herein and from time to
time in other filings of the company with the SEC. These forward-
looking statements are made only as of the date hereof, and the
company undertakes no obligation to update or revise the
forward-looking statements, whether as a result of new information,
future events or otherwise, except as otherwise required by law.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010524/ARVINLOGO )
http://www.newscom.com/cgi-bin/prnh/20010524/ARVINLOGO DATASOURCE:
ArvinMeritor, Inc. CONTACT: Media Inquiries, Krista Sohm,
+1-248-435-7115, ; Investor Inquiries, Terry Huch, +1-248-435-9426,
, both of ArvinMeritor, Inc. Web site: http://www.arvinmeritor.com/
Company News On-Call: http://www.prnewswire.com/comp/762401.html
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