UPDATE 1-ArvinMeritor to divest two businesses

Newswire

(Adds CEO comment, background) 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 non-cash goodwill impairment charge of $190 million, or $2.77 a share, in the fiscal fourth quarter related to the aftermarket unit. ArvinMeritor said it plans to use the proceeds of the sales ...

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