ArvinMeritor Reduces Second Fiscal Quarter Guidance

TROY, Mich., March 25 -- ArvinMeritor, Inc. today announced that it expects earnings for its second fiscal quarter ending March 31, 2003, to be in the range of $0.33 to $0.36 per diluted share. The company had previously said it expected earnings of $0.40 to $0.46 per diluted share for its second fiscal quarter.

"The reduction in our earnings outlook is principally driven by softening demand across all our business groups, with the exception of the Commercial Vehicle Systems group. Our businesses continue to be negatively impacted by higher steel costs and greater pricing pressures," said Larry Yost, ArvinMeritor chairman and chief executive officer.

ArvinMeritor expects to release its second fiscal quarter results before the market opens on April 23, 2003. The company will update earnings guidance for its fiscal year ending September 30, 2003, at that time.

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. The company is headquartered in Troy, Mich., and employs 32,000 people at more than 150 manufacturing facilities in 27 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: www.arvinmeritor.com .

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. 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 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; potential increases in raw material costs; 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 customers and suppliers; successful integration of acquired or merged businesses; the ability to achieve the expected annual savings and synergies from past and future business combinations; competitive product and pricing pressures; the amount of the company's debt; 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; as well as other risks and uncertainties, including, but not limited to, those detailed from time to time in the filings of the company with the Securities and Exchange Commission.

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