ArvinMeritor plans to invest in Brazil vehicle business

September 2009
Trailer / Body Builders;Sep2009, Vol. 50 Issue 11, p8
Trade Publication
The article reports on the plan of ArvinMeritor Inc. to invest up to 10 million U.S. dollars for its commercial vehicle business in Brazil, as announced by its president Chip McClure. It states that the business is expected to support the expansion of the firm into new product segments. It is noted that there was a 9% increase in the production of ArvinMeritor quarter-over-quarter despite the economic changes. Also mentioned is the sale of its Wheels business to commercial vehicle wheels and frames producer Iochpe-Maxion.


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