More Asian business, higher-margin products

Snavely, Brent
July 2007
Crain's Detroit Business;7/2/2007, Vol. 23 Issue 27, p5
The article reports that automobile supplies company ArvinMeritor Inc. has become a smaller company by selling several of its divisions under the guidance of Chairman Chip McClure. The company sold its $2.9 billion emissions and exhaust business for $310 million. Along the way, ArvinMeritor paid much of its debt, beefed up its management team and worked through a restructuring plan that eliminated 11 plants.


Related Articles

  • Taking the initiative.  // Automotive News;12/18/2006, Vol. 81 Issue 6234, p12 

    The article examines why ArvinMeritor Inc.'s share price is increasing while conditions for most North American automobile parts suppliers are deteriorating. The article claims that ArvinMeritor does not wait for a crisis to find a way to solve problems. It notes that CEO Chip McClure has hired...

  • Steel costs bring surcharges. Beene, Ryan; Sherefkin, Robert // Crain's Detroit Business;6/16/2008, Vol. 24 Issue 24, p3 

    The article reports on the efforts of local auto suppliers in Michigan to cope with steel prices that have nearly doubled. Troy, Michigan-based ArvinMeritor Inc., chief executive officer, Chip McClure has announced plans to pass higher steel prices along to his customers as surcharges are...

  • Meritor sells axle ops to Renault Trucks.  // Bulk Transporter;Jun2012, Vol. 74 Issue 12, p3 

    The article reports that Meritor Inc. has sold its assets of its axle operation in Saint Priest, France, to Renault Trucks SAS. According to Chip McClure, chairman, chief executive officer, and president of Meritor, transaction will help in optimizing the position of company in Europe. It is...

  • A new home for Phil.  // Automotive News;8/28/2006, Vol. 81 Issue 6218, p46 

    This article reports that Phil Martens has been appointed as the senior vice president of the firm ArvinMeritor Inc.'s Light Vehicle Systems business. Martens resigned as Ford Motor Co.'s top global product development executive during the year 2005. ArvinMeritor's CEO Chip McClure restructured...

  • Dana's Pre-Chapter 11 Planned Asset Sales Back On Track. Freed, Dan // Bank Loan Report;4/24/2006, Vol. 21 Issue 16, p10 

    The article reports on the intent of Toledo, Ohio-based automotive parts manufacturer Dana Corp. to sell at least two businesses it had been marketing before it registered for Chapter 11 bankruptcy protection on March 3, 2006. Miller Buckfire advises the firm on its restructuring and has taken...

  • Cable maker Nexans may sell winding wire business. de Saint-Seine, Sylviane // Automotive News Europe;2/9/2004, Vol. 9 Issue 3, p3 

    Reports on the plan of Nexans SA to sell its winding wire business. Purpose of selling the business; Automobile application of winding wires; Estimated worth of the business.

  • Siegfried Divests Sidroga Division. Scott, Alex // Chemical Week;4/25/2007, Vol. 169 Issue 14, p29 

    The article reports on the decision of Siegfried to sell its Sidroga division, which produces medicinal beverages and herbal medicines, to Santo Holding. Sidroga generated sales of approximately SF39 million in 2006, about 11% of Siegfried's total. Siegfried says that the divestment will enable...

  • New name ushers in new era.  // Fleet Owner;May2011, Vol. 106 Issue 5, p96 

    The article reports that according to Chip McClure, chairman of ArvinMeritor Inc., the company's name has been changed to Meritor Inc. to reflect its successful transformation to a company solely focused on commercial vehicles and industrial markets. The company recently introduced a lightweight...

  • ArvinMeritor participates in hybrid truck convoy.  // Bulk Transporter;Jul2009, Vol. 72 Issue 1, p8 

    The article reports on the participation of ArvinMeritor Inc. in a hybrid truck convoy to Capitol Hill by Hybrid Truck Users Forum (HTUF) and CALSTART in Washington D. C. on June 11, 2009. It mentions several attendees of the event from ArvinMeritor including chairman Chip McClure and Chad Mitts...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics