ArvinMeritor Divests Ownership Stakes in Two Light Vehicle Systems Chassis Businesses

ArvinMeritor Divests Ownership Stakes in Two Light Vehicle Systems Chassis
Businesses

TROY, Mich., Jun. 24 /PRNewswire-FirstCall/ -- ArvinMeritor, Inc. (NYSE: ARM)
today announced that it has reached agreements to divest its entire ownership
stakes in two joint ventures in its light vehicle Chassis business. Together,
these transactions will result in the divestiture of 45 percent of the Chassis
Systems business (as measured by 2008 sales).

The company entered into a binding letter of intent to sell its 57 percent
stake in Meritor Suspension Systems Company ("MSSC"), a joint venture that
manufactures and sells automotive coil springs, torsion bars and stabilizer
bars in North America, to its joint venture partner, a subsidiary of
Mitsubishi Steel Mfg. Co., LTD (MSM). The transaction is expected to close in
the coming months, after receiving necessary regulatory clearances.

ArvinMeritor also announced that, earlier this month, it completed the sale of
its 51 percent stake in Gabriel de Venezuela, which manufactures shock
absorbers, struts, exhaust systems and suspension modules for countries
including Venezuela, Colombia, Chile, Bolivia, Peru and Ecuador.

"We are pleased to announce these two divestitures, which represent important
steps toward achieving our long-term strategic objective to focus on supplying
the commercial vehicle on- and off-highway markets for both original equipment
manufacturers and aftermarket customers," said Chip McClure, chairman, CEO and
president. "Our joint venture partners are strong companies and I am
confident that they will focus on growing these businesses. We continue to
concentrate on divesting the light vehicle Chassis business, and we are
pleased with the high level of interest we are continuing to see from
potential buyers in the remaining segments of that business."

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
marks its centennial anniversary in 2009, celebrating a long history of
'forward thinking.' The company serves commercial truck, trailer and specialty
original equipment manufacturers and certain aftermarkets, and light vehicle
manufacturers. 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 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, including the
recent global economic crisis; whether our liquidity will continue to be
affected by declining vehicle production volumes in the future; the financial
condition of the company's suppliers and customers, including bankruptcies and
potential bankruptcies; possible adverse effects of any future suspension of
normal trade credit terms by our suppliers; 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 demand for commercial, specialty and light vehicles for which the company
supplies products; timing and certainty as to completion and terms of any
dispositions of the Body Systems and Chassis businesses of ArvinMeritor's LVS
business; 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 sharply rising cost
of raw materials, including steel and oil; 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; 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 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 from time to
time in 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.

Media, Lin Cummins, +1-248-435-7112, linda.cummins@arvinmeritor.com, or
Investors, Terry Huch, +1-248-435-9426, terry.huch@arvinmeritor.com