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FinancialsArvinMeritor: "Financial Powerhouse"ArvinMeritor: "Financial Powerhouse"
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. announce they are merging.On the surface, it appears Arvin's and Meritor's product lines are not exactly complimentary. Arvin is a leading exhaust and suspension product supplier, while Meritor produces roof, door and wheel