ArvinMeritor Confirms Plans for Sale of Light Vehicle Systems Business - aftermarketNews

ArvinMeritor Confirms Plans for Sale of Light Vehicle Systems Business

In May, the company announced a plan to spin-off its Light Vehicle Systems business to ArvinMeritor shareholders, with the Commercial Vehicle Systems business remaining with ArvinMeritor.

TROY, Mich. — On Oct. 31, ArvinMeritor announced plans to explore strategic alternatives for its Light Vehicle Systems (LVS) business, including a possible spinoff. In its 2008 full year and fourth quarter report issued earlier this week, the company confirmed that a sale of the LVS unit is now imminent.

"Declining global market and credit conditions are the primary factors that have led us to expand our options for separating the LVS business group, excluding the Wheels business located in South America and Mexico," said Chairman, CEO and President Chip McClure. "After a comprehensive review of those options, we have determined that a sale will be our primary focus."

In May, the company announced a plan to spin-off its Light Vehicle Systems business to ArvinMeritor shareholders, with the Commercial Vehicle Systems business remaining with ArvinMeritor. The planned spinoff of the LVS business was to be named Arvin Innovation Inc. In October, the company said a spin-off was still an option, however it planned to explore other options as well.

J.P. Morgan will act as financial advisor to ArvinMeritor in the separation of the business.

You May Also Like

Dana Participating in Easter Jeep Safari

The event will take place in Moab, Utah, March 23-31.

Dana to Participate in Easter Jeep Safari 2024

Dana Incorporated will participate in Easter Jeep Safari 2024, held March 23-31 in Moab, Utah. Dana products will be on site and available for demonstrations.

“At Dana, we are committed to rigorously testing and validating our products in the most challenging conditions to guarantee superior quality, durability, and performance,” said Bill Nunnery, senior director, sales and marketing, global aftermarket for Dana. “Easter Jeep Safari features rugged trails that offer us an ideal terrain for product trials. The event also gives us the opportunity to engage with Jeep enthusiasts and understand how we can enhance their off-road experiences through vehicle customizations.”

ZF Aftermarket Releases 80 New Parts

The latest additions expand coverage to more than 5 million vehicles in operation.

ZF Aftermarket Releases 80 New Parts
Schaeffler Highlights ESG Progress in 2023 Sustainability Report

Schaeffler is currently focusing on seven key ESG goals in the implementation of its sustainability strategy.

Schaeffler 2023 Sustainability Report
CMA, DoubleCoin to Showcase Long-Haul Steer Tires at MATS

Company reps will be on-site to answer questions, schedule meetings and coordinate a raffle of outdoor sporting equipment in booth #11140.

tire-distribution-outlook-tire-rack
GB Reman to Host Jackpot Giveaway Winner at Long Beach Grand Prix

Jon Hetzel, owner of Hesski ServiCenter in Levittown, Pennsylvania, will join GB Reman in the company’s hometown next month

GB Reman to Host Jackpot Giveaway Winner at Grand Prix of Long Beach

Other Posts

Bendix Surpasses Worker Safety Goals

Bendix says its Total Case Improvement Rate improved since 2022.

Bendix Announces Worker Safety Statistics
New Rislone ‘DEF Crystal Clean’ Clears P20EE Codes

The product scrubs away crystal contaminants from the selective catalytic reduction systems of diesel cars, trucks and SUVs.

New Rislone DEF Crystal Clean Diesel DEF & SCR Emissions System Cleaner Announced
SMP Announces New Oil Filter Housing Kits

The kits feature multiple design improvements to prevent leaks, according to SMP.

SMP Announces New Oil Filter Housing Kits
NTK Technologies Announces Merger into Niterra North America

The merger will take effect on April 1, and NTK Technologies will begin operating under Niterra North America Inc.

Niterra Merger