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ArvinMeritor Plans to Enter Two Axle Joint Ventures with Volvo; Continues Expansion of Global Manufacturing Presence With Key Global Vehicle Maker.

Publication: PR Newswire
Publication Date: 27-OCT-03
Format: Online - approximately 539 words
Delivery: Immediate Online Access

Article Excerpt
ArvinMeritor, Inc. has announced a memorandum of understanding with the Volvo Group to create two new joint ventures. The joint ventures would expand ArvinMeritor's capacity to produce commercial vehicle drive axles. Volvo is one of the world's largest truck manufacturers and is based in Goteborg, Sweden.

(Logo: http://www.newscom.com/cgi-bin/prnh/20010524/ARVINLOGO )

It is intended that in 2004, the two new joint ventures, owned jointly by ArvinMeritor and Volvo, would assume control and operation of two Volvo Group manufacturing operations in Lyon, France....

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