UPDATE 2-ArvinMeritor profit falls on softer demand

Newswire

(Rewrites throughout, updates with analyst comments, stock activity) By Susan Kelly CHICAGO, April 23 (Reuters) - Auto parts maker ArvinMeritor Inc. on Wednesday said its quarterly profit fell 31 percent, hurt by higher steel costs, pricing pressure from automakers, and soft demand for replacement components. "Overall, the quarter was disappointing, except for (commercial vehicle systems)," Merrill Lynch analyst John Casesa, who rates the stock "neutral," said in a research report. ...

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