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ARVINMERITOR

The Wire

ArvinMeritor posts 3Q loss, will sell wheels unit

Auto parts supplier ArvinMeritor Inc. posted a $162 million loss Tuesday for its fiscal third quarter as worldwide vehicle production fell and said it has agreed to sell its wheels business, the latest in a series of divestitures.

ArvinMeritor posts 3Q loss, will sell wheels unit

Auto parts supplier ArvinMeritor Inc. is reporting a $162 million loss for its third quarter as worldwide vehicle production fell.

ArvinMeritor will cut 1,250 jobs to lower costs

Auto parts supplier ArvinMeritor Inc. said Friday it will cut 1,250 jobs in an effort to slash its costs as it faces weak economies and slumping demand both at home and overseas.

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