Skip navigation
Newswire

ArvinMeritor to divest two businesses

CHICAGO, Oct 28 (Reuters) - Auto parts supplier ArvinMeritor Inc. on Thursday said it plans to divest its light vehicle aftermarket and roll coater coil coating business groups to focus on supporting automakers.

The Troy, Michigan-based company said it will take a noncash goodwill impairment charge of $190 million, or $2.77 a share, in the fiscal fourth quarter related to the aftermarket unit.