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ArvinMeritor reports profitable results

Published Thursday, December 13, 2007

Earlier this week at a presentation for analysts in Manhattan, Chip McClure, chairman, CEO & president of ArvinMeritor Inc. reaffirmed the manufacturer’s guidance to investors, stating that it will have earnings of $1.40 to $1.60 a share and positive cash flow and will “take tough actions to offset known risks.” Reviewing the global manufacturer’s performance, McClure pointed out that “the North American economy is really a challenge for everybody…The original expectation was the Class 8 market was actually going to be coming back this quarter. And in spite of the fact that we have seen ...

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