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Meritor Completes Sale Of Seat Adjusting Systems Business to Dura

1 December 1999

Meritor Automotive Completes Sale Of Seat Adjusting Systems Business to Dura Automotive
    TROY, Mich., Dec. 1 -- Meritor Automotive, Inc.
today announced that it has completed the sale of its Light Vehicle Systems
(LVS) seat adjusting systems business, to Dura Automotive Systems, Inc.
for cash consideration of $130 million.  The seat adjusting
systems business develops and supplies the industry's leading seat makers with
manual and two-, four- and six-way powered seat adjusting systems.
    As it previously announced on Oct. 28, 1999, Meritor agreed to sell the
business to Dura because it no longer was core to the strategic direction of
Meritor's LVS business.
    Terry O'Rourke, senior vice president and president of Meritor's LVS
business explained:  "Completing the sale of this business illustrates
Meritor's commitment to pursue its two-pronged LVS strategy: to obtain a
world-leading position in aperture systems that include door, access control
and roof systems, and to become a global market force in undercarriage
components and systems including suspensions, wheels and corner modules."
    Meritor, with 1999 sales of more than $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: 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, and 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.

    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 various 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; 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; and competitive product and pricing pressures, as well as other
risks and uncertainties, including but not limited to those detailed from time
to time in the company's Securities and Exchange Commission filings.  These
forward-looking statements are made only as of the date hereof, and the
company undertakes no obligation to update or revise the forward-looking
statements, whether as a result of new information, future events or
otherwise.