ArvinMeritor Wins New Contract to Provide Large Roof-Opening System for European OEM
TROY, Michigan, March 31 -- ArvinMeritor, Inc. announced today that its Light Vehicle Systems (LVS) business group has been awarded another new, multi-year, US$90 million contract to provide a large-opening, three-panel sunroof with a European OEM. Production begins in November 2006. The identity of the Customer and terms of the contract were not disclosed.
"We are experiencing an increase in demand for the company's large roof- opening systems, as consumers continue to seek more lifestyle characteristics from their vehicles," said Alberto Nadal, vice president and general manager of LVS Roof Systems. "Our continued focus on design and styling, as well as providing the highest levels of quality and safety, keep ArvinMeritor's roof system products a leading choice for our OEM customers."
ArvinMeritor's Light Vehicle Systems (LVS) business group posted more than US$4.3 billion in sales during fiscal year 2003, and employs more than 17,000 people at 74 facilities in 23 countries. LVS - a market leader in the product categories it serves - supplies integrated systems and modules to the world's leading passenger car and light truck OEMs. With advanced technology and systems design expertise in apertures, undercarriage, wheels and emissions control, LVS combines high-quality components into cost-effective, performance-based solutions for virtually every car and light truck on the road today.
ArvinMeritor, Inc. is a premier US$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 .