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: 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.
