UPDATE 1-ArvinMeritor posts quarterly profit, keeps outlook

Newswire

(Adds details) DETROIT, July 29 (Reuters) - Car and truck parts maker ArvinMeritor Inc posted a quarterly profit on Tuesday, as higher overseas demand and increased sales of military products in North America offset a steep U.S. industry downturn. ArvinMeritor, which plans to spin off its car parts unit, also reaffirmed its earnings outlook for fiscal 2008 ending September. ArvinMeritor reported a profit of $44 million, or 60 cents per share, for its fiscal third quarter ended June 30, ...

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