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Meritor Automotive Declares Quarterly Dividend on Common Stock

11 November 1999

Meritor Automotive Declares Quarterly Dividend on Common Stock

    TROY, Mich., Nov. 10 -- The Meritor Automotive, Inc. board of
directors today declared a quarterly dividend of 10.5 cents per
share on its common stock, payable December 13, 1999, to shareowners of record
on November 22, 1999.
    Meritor, with 1999 sales of $4.5 billion, is a global supplier of a broad
range of components and systems for commercial, specialty and light vehicle
OEMs and the aftermarket.  Meritor consists of two businesses:  Heavy Vehicle
Systems, a leading supplier of drivetrain systems and components for
medium- and heavy-duty trucks, trailers and off-highway equipment and
specialty vehicles, including military, bus and coach, and fire and rescue;
and Light Vehicle Systems, a major supplier of roof, door, access control and
suspension systems and wheel products for passenger cars, light trucks and
sport utility vehicles.