ArvinMeritor reports loss

| Monday, July 30, 2007

Truck component manufacturer ArvinMeritor says it lost $70 million in the second quarter of this year because of overall weakness in the heavy truck market.

But, that’s not as much as the $94 million it lost in the previous quarter.

Company officials said in a press release that they expect sales for the entire year to be up slightly from the $6 billion previously forecast.