North Carolina
ArvinMeritor to Close Arden, North Carolina Axle Operation
Arden Closure is Part of Previously Announced Restructuring Initiative
TROY, Mich. (Nov. 7, 2007) — ArvinMeritor, Inc. (NYSE: ARM) today announced it would close its Commercial Vehicle Systems (CVS) axle operation in Arden, N.C. by September 2008.
The closure is part of previously announced restructuring actions in North America and Europe which the company expects to affect 13 plants and 2,800 employees, resulting in an estimated annual run rate savings of $130-$140 million by 2012.
Operations based in Arden will be transferred to the company’s facility in Forest City, N.C. and to a newly announced plant in Monterrey, Mexico. The company intends to begin transferring work in February 2008.

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