ArvinMeritor trims annual loss to $101M
Nov 18, 2008 | 07:04 AM
| Corinna Petry
ArvinMeritor Inc.'s net loss narrowed to $101 million in its fiscal year ended Sept. 28 from $219 million the previous year.
Sales by the Tier 1 automotive parts supplier totaled nearly $7.17 billion, up 11.1 percent from almost $6.45 billion in the same comparison.
"Although commercial and light vehicle volumes in North America were down dramatically from fiscal 2007, we increased revenue from customers in Europe, South America and Asia Pacific," Charles "Chip" McClure, chairman, president and chief executive officer, said in a statement.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.