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ArvinMeritor to shed light–duty business

Published Tuesday, May 06, 2008

Electing to put all its focus on its commercial vehicle business, ArvinMeritor Inc. announced today it will spin off its Light Vehicle Systems (LVS) business to ArvinMeritor shareholders. The company’s Commercial Vehicle Systems (CVS) business unit will remain with ArvinMeritor, which will continue to be led by Chip McClure, who will remain chairman, CEO & president, and by Carsten Reinhardt, currently senior vp of ArvinMeritor & CVS president, who will become COO for ArvinMeritor once the spin-off is done. “The plan to separate our two businesses is the result of a comprehensive strategic review to ...

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