Programs Focus on Waste Management and Product Design to Improve the
Environment
TROY, Mich., Apr. 22 /PRNewswire-FirstCall/ -- ArvinMeritor, Inc.
(NYSE: ARM) is reducing the generation of pollutants worldwide, designing
products that weigh less and provide greater fuel economy, and partnering
to develop hybrid and electric vehicles -- all focused on improving the
environment.
In an effort to minimize adverse environmental impacts from
ArvinMeritor's manufacturing operations, the company recycled 72 percent of
the solid waste it generated globally in 2007 -- which equals approximately
187,684 metric tons of scrap metal, cardboard and used oils.
ArvinMeritor is also manufacturing "greener" products. Passenger
vehicle products called smart systems(TM) will reduce the weight of the
vehicle. The first smart systems(TM) product to appear on the market is the
Highly-Integrated Plastic (HIP) door module, which will replace the steel
door module and reduce weight by 25 percent -- in addition to improving
fuel economy.
In partnership agreements with commercial vehicle customers,
ArvinMeritor has developed a package that will reduce the weight of a
vehicle by as much as 700 pounds. Weight-reduction products include the
aluminum carrier rear axle, Meritor Lite Flex trailer composite spring, the
Meritor X30 lightweight steel drums and the Meritor Tire Inflation System,
which supports super-single tires. This product package is expected to
improve fuel consumption.
ArvinMeritor is also involved in a joint project to build a Class 8
hybrid vehicle with International Truck and Cummins for Wal-Mart
Transportation. The vehicle is expected to be on the road for testing by
the end of the year. Another ArvinMeritor partnership has already helped
develop Canada's first electric vehicle -- the Purolator Quicksider. The
vehicle produces zero greenhouse gas emissions.
About ArvinMeritor
ArvinMeritor, Inc. is a premier global supplier of a broad range of
integrated systems, modules and components to the motor vehicle industry.
The company serves commercial truck, trailer and specialty original
equipment manufacturers and certain aftermarkets, and light vehicle
manufacturers. Headquartered in Troy, Mich., ArvinMeritor employs
approximately 18,000 people in 24 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: http://www.arvinmeritor.com/.
Forward-Looking Statements
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. Forward-looking statements are typically
identified by words or phrases such as "believe," "expect," "anticipate,"
"estimate," "should," "are likely to be," "will" and similar expressions.
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 cycles and conditions; the demand for commercial,
specialty and light vehicles for which the company supplies products;
availability and sharply rising cost of raw materials, including steel and
oil; risks inherent in operating abroad (including foreign currency
exchange rates and potential disruption of production and supply due to
terrorist attacks or acts of aggression); 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 suppliers and customers, including potential disruptions in
supply of parts to our facilities or demand for our products due to work
stoppages; the financial condition of the company's suppliers and
customers, including potential bankruptcies; possible adverse effects of
any future suspension of normal trade credit terms by our suppliers;
potential difficulties competing with companies that have avoided their
existing contracts in bankruptcy and reorganization proceedings; successful
integration of acquired or merged businesses; the ability to achieve the
expected annual savings and synergies from past and future business
combinations and the ability to achieve the expected benefits of
restructuring actions; success and timing of potential divestitures;
potential impairment of long-lived assets, including goodwill; potential
adjustment of the value of deferred tax assets; competitive product and
pricing pressures; the amount of the company's debt; the ability of the
company to continue to comply with covenants in its financing agreements;
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; the outcome of actual and potential product liability and warranty
and recall claims; rising costs of pension and other post-retirement
benefits and possible changes in pension and other accounting rules; as
well as other risks and uncertainties, including but not limited to those
detailed herein and from time to time in other filings of the company with
the SEC. 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, except as otherwise required by law.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010524/ARVINLOGO )
SOURCE ArvinMeritor, Inc.
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Related links:
http://www.arvinmeritor.com
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20080422/CLTU157
PRN Photo Desk, photodesk@prnewswire.com
http://www.prnewswire.com/comp/762401.html/
CONTACT:
Media, Krista McClure, +1-248-435-7115,
krista.mcclure@arvinmeritor.com, or Investors, Terry Huch,
+1-248-435-9426, terry.huch@arvinmeritor.com
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