ArvinMeritor Declares Quarterly Dividend

ARVINMERITOR LOGO
ArvinMeritor logo. (PRNewsFoto)[AG]
TROY, MI USA 05/24/2001
    TROY, Mich., July 11 The ArvinMeritor, Inc.
board of directors today announced the reduction of its quarterly dividend to
10 cents per share on its common stock, a 55-percent reduction from the
previous dividend of 22 cents per share.  The dividend will be paid on
September 10, 2001 to shareowners of record as of August 20, 2001.
    (Photo: http://www.newscom.com/cgi-bin/prnh/20010524/ARVINLOGO )
    "Today's action reinforces our commitment to improving operating
performance and strengthening our balance sheet by enhancing our financial
flexibility," said Larry Yost, chairman and chief executive officer.
"Lowering our dividend allows us to increase investments in technology and
strategic growth opportunities, reduce debt, and return value to our
shareholders through more tax-efficient means."
    This action will bring the dividend payout ratio to a level that is in
line with industry averages and will allow about $31 million annually (after
tax) to be used for future investments, debt reduction or share repurchase.
The dividend reduction represents a change in financial policy, rather than a
change in the company's quarterly or year-end earnings outlook for 2001 or
beyond.
    ArvinMeritor, Inc. is a premier $7-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.  In
addition, ArvinMeritor is a leader in coil coating applications, including
those for the transportation, appliance, construction and furniture
industries.  The company is headquartered in Troy, Mich., and employs 36,000
people at more than 150 manufacturing facilities in 26 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 .