Vowing to create a “financial powerhouse” with combined annual revenue of $7.5 billion — and huge cost savings down the road — Arvin Industries Inc. and Meritor Automotive Inc. announced last week they were merging. On the surface, it appears Arvin's and Meritor's product lines are not complementary. Arvin is a leading exhaust and suspension product supplier, while Meritor produces roof, door and wheel products for light vehicles. About 60% of Meritor's business is supplying drivetrain ...

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