ArvinMeritor cuts 2nd-qtr profit outlook

Newswire

TROY, Mich., March 25 (Reuters) - ArvinMeritor Inc. , an auto components maker, on Tuesday said its quarterly earnings would be lower than expected because of a drop in demand, higher steel costs and pricing pressures. ArvinMeritor, which makes axles, brakes, transmissions and clutches for commercial vehicles and doors, exhaust and suspension systems for light vehicles, said it now expects to earn 33 cents to 36 cents per share in its fiscal second quarter, down from earlier estimates of ...

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