ArvinMeritor Secures Annual $200-Million Suspension Module Contract

TROY, Mich., Jan. 22, 2004 -- ArvinMeritor, Inc. announced today its Light Vehicle Systems (LVS) business group was awarded a new, annual $200-million light vehicle suspension systems contract for the final assembly of front- and rear-cross car modules to begin production in the fourth quarter of October 2005. The identity of the customer, and terms of the contract were not disclosed.

(Logo: http://www.newscom.com/cgi-bin/prnh/20010524/ARVINLOGO )

"This new business win is another example of how our OEM customers continue to choose ArvinMeritor for innovative undercarriage system solutions to address challenging consumer ride control requirements," said Sidney Del Gaudio, ArvinMeritor's vice president and general manager of LVS Undercarriage Systems. "By focusing on the end-user, we are confident our suspension modules will deliver the ride and vehicle performance required to not only exceed the driver's expectations, but our customers' expectations, as well."

ArvinMeritor, Inc. is a premier $8-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. Headquartered in Troy, Mich., ArvinMeritor employs approximately 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.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010524/ARVINLOGO
PRN Photo Desk, photodesk@prnewswire.com

Company News On-Call: http://www.prnewswire.com/comp/762401.html