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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Arvinmeritor, Inc. | NYSE:ARM | NYSE | Ordinary Share |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 19.53 | 0.00 | 01:00:00 |
From May 2019 to May 2024
DOW JONES NEWSWIRES
ArvinMeritor Inc. (ARM) said it would invest $57 million to bolster its brake business in both Europe and China.
The auto-parts maker said it would invest $42 million in its European brake operations, using the money to expand two current product lines, develop new technology, expand performance testing, fund manufacturing technology and enhance customer service. It allotted $15 million to expand in Nanjing, China, with both a technical center and manufacturing plant.
In its most recent quarterly results, ArvinMeritor narrowed its loss on a jump in sales and better margins. The auto sector's recovery in the U.S. and Europe has been improving the company's results lately.
Shares closed Monday at $14.64, up 4.3%, and weren't active in after-hours trading. The stock has risen 31% so far this year through the close, outperforming the wider market.
-By Joan E. Solsman, Dow Jones Newswires; 212-416-2291; joan.solsman@dowjones.com
1 Year Arvinmeritor Chart |
1 Month Arvinmeritor Chart |
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