UPDATE 1-ArvinMeritor lowers earnings outlook

Newswire

(Adds analyst comment and estimates, share price, other details throughout) CHICAGO, Sept 30 (Reuters) - Auto parts maker ArvinMeritor Inc.. lowered its earnings outlook on Tuesday, citing higher-than-expected costs for new product launches, steel-related interruptions in its Light Vehicle Systems business and other costs. Its shares tumbled 11.7 percent initially on the New York Stock Exchange and were down $2.27, or 11.2 percent, at $18 at midmorning Tuesday. Analysts said ...

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