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ArvinMeritor, Inc.

ArvinMeritor to Develop On-Demand Power Steering Systems

Stuttgart, Germany (ots/PRNewswire)

ArvinMeritor, Inc. (NYSE:
ARM) today announced plans for its Light Vehicle Systems (LVS)
business group to develop and commercialize a series of
hydraulically-coupled, electric power steering systems designed to
outperform other electric power steering (EPS) systems. ArvinMeritor
made the announcement during its first European appearance as an
exhibitor at the annual Vehicle Dynamics Expo in Stuttgart.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010524/ARVINLOGO )
"ArvinMeritor's plan to grow and strengthen its light vehicle
undercarriage product portfolio includes full integration of all
systems impacting chassis performance," said Cesar Ungaretti, senior
director of LVS Undercarriage Systems for ArvinMeritor. "The
development of this patented power steering technology, which has
generated significant interest from our customer base, is directly in
line with the company's strategy to design and deliver complete
undercarriage systems. In addition to the hydraulically-coupled,
electric power steering system, our suspension module engineering
team is developing other proprietary advanced products including
light vehicle air suspension, active roll control and adaptive
damping systems."
This on-demand power steering system, which is not constrained to
packaging on the rack, will provide improved vehicle control, quicker
steering response and measurable fuel savings for a full range of
vehicles. Consuming only the power it needs, when it needs it, the
system is capable of adding functionality such as active return,
autonomous parking and lane departure warning.
ArvinMeritor acquired the patents for the hydraulically-coupled,
electric power steering systems from Techco Corp., a private
intellectual property company that invents and licenses
controlled-theory automotive steering applications. ArvinMeritor and
Techco Corp. will co-develop the system.
ArvinMeritor's Light Vehicle Systems (LVS) business group posted
US$4.8 billion in sales during fiscal year 2004, and employs 17,000
people at 75 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, wheel 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 31,000 people at more than 120 manufacturing
facilities in 25 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 /.
This press release also 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 and
potential disruption of production and supply due to terrorist
attacks or acts of aggression); availability and cost of raw
materials, including steel; 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; the financial condition of the
company's suppliers and customers, including potential bankruptcies;
successful integration of acquired or merged businesses; the ability
to achieve the expected annual savings and synergies from past and
future business combinations; success and timing of potential
divestitures; potential impairment of long-lived assets, including
goodwill; 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.
Web site: http://www.arvinmeritor.com

Contact:

Colleen Hanley of ArvinMeritor, Inc., mobile: +1-248-766-3576,
colleen.hanley@arvinmeritor.com
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

Plus de actualités: ArvinMeritor, Inc.
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  • 30.05.2005 – 18:02

    ArvinMeritor Light Vehicle Suspension Modules Unveiled in Europe

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