Monday, July 20, 2009 ArvinMeritor Divests Ownership in Two Light Vehicle Systems Chassis Businesses
 Recently, ArvinMeritor announced it had reached agreements to purge its ownership stakes in two joint ventures of its light vehicle chassis business. It entered into a binding letter of intent to sell its 57% stake in Meritor Suspension Systems Company ("MSSC") 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). ArvinMeritor also completed the sale of its 51% stake in Gabriel de Venezuela, manufacturer of shock absorbers, struts, exhaust systems and suspension modules for some South American countries. (SB)
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