ArvinMeritor anticipates global growth
TROY, Mich. — ArvinMeritor expects to see stronger financial results in the third fiscal quarter and full fiscal year.
The company expects sales for the third quarter of approximately $2 billion, up 20 percent from the third quarter of 2007. This growth in sales is due primarily to stronger industry conditions and market share in South America and Asia Pacific; a favorable light vehicle platform mix in Europe; and increased specialty sales, including military products in North America and off-highway products in China.
"Our strategy to refocus, restructure and regenerate the business continues to show results," said Chip McClure, chairman, CEO and president of ArvinMeritor. "Our balanced geographical footprint and product mix is offsetting the weak market we’re experiencing in North America."
The company’s expectation for Class 8 production in North America for the 2008 calendar year is a range of 195,000 to 205,000 units, down from the previous range of 220,000 to 240,000.
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