ArvinMeritor posts quarterly profit


DETROIT, April 29 (Reuters) - Car and truck parts maker ArvinMeritor Inc posted a quarterly profit on Tuesday, as aggressive cost cuts offset the impact of sluggish vehicle sales in North America. ArvinMeritor reported a profit of $20 million, or 28 cents per share, for its fiscal second quarter ended March 31, compared with a loss of $94 million, or $1.34 per share, a year earlier. ArvinMeritor reported earnings of 37 cents per share excluding one-time items. Revenue rose to $1.78 ...

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