WARRENVILLE, Ill. (July 23, 2009) — Navistar (NYSE: NAV) and ArvinMeritor, Inc. (NYSE: ARM) today announced that under the terms of a new long-term supply agreement, Meritor axles are now in standard position on International® medium-duty trucks and IC Bus™ brand school and commercial buses. Also under the terms of the agreement, ArvinMeritor gains additional standard axle positions on International’s heavy-duty trucks. Terms of the agreement were not disclosed.
“In working with ArvinMeritor, we’ve selected a premier axle-brake supplier — one which has been our standard Class 8 axle-brake supplier for more than 10 years,” said Jack Allen, president of Navistar’s North American Truck Group. “We’re confident that our customers will be extremely pleased with the performance of the Meritor axle. Our customers can feel comfortable relying on Meritor for drivetrain specification assistance, rapid response to troubleshooting and quality after-the-sale support.”
“This agreement represents a natural extension of the long-standing relationship between Navistar and ArvinMeritor,” added Allen. “Both companies have aligned business goals focused on satisfying the end-user with quality products that exceed customer expectations. In addition, ArvinMeritor is uniquely positioned to support Navistar’s aggressive growth strategy as it expands globally into new markets with a strong product portfolio.”
“We are pleased to have the opportunity to expand our relationship with Navistar,” said Carsten Reinhardt, president of ArvinMeritor’s Commercial Vehicle Systems business. “With this new agreement, we are looking forward to supplying Navistar with the most reliable and technically advanced axles on the market today and will work hard to meet the expectations of Navistar’s dealers and their customers.”
Effective July 13, 2009, Meritor axles will now be standard equipment on International medium-duty trucks and IC Bus school buses and medium-duty trucks, in addition to Class 8 trucks.
ArvinMeritor will continue as Navistar’s supplier on its portfolio of military applications for programs including Mine Resistant Ambush Protected (MRAP) vehicles, Tactical Support Vehicles (TSV), Military Commercial Off the Shelf (MilCOTS) — the first element of Canada’s Medium Support Vehicle System (MSVS) — and Foreign Military Sales (FMS) through the U.S. Army TACOM Life Cycle Management Command.
About ArvinMeritor
ArvinMeritor, Inc. is a premier global supplier of a broad range of integrated systems, modules and components to the motor vehicle industry. The company marks its centennial anniversary in 2009, celebrating a long history of ‘forward thinking.’ ArvinMeritor serves commercial truck, trailer and specialty original equipment manufacturers and certain aftermarkets, and light vehicle manufacturers. ArvinMeritor common stock is traded on the New York Stock Exchange under the ticker symbol ARM. For more information, visit the company’s Web site at: www.arvinmeritor.com/.
Based in Lisle, Illinois, International Motors, LLC* creates solutions that deliver greater uptime and productivity to our customers throughout the full operation of our commercial vehicles. We build International® trucks and engines and IC Bus® school and commercial buses that are as tough and as smart as the people who drive them. We also develop Fleetrite®aftermarket parts. In everything we do, our vision is to accelerate the impact of sustainable mobility to create the cleaner, safer world we all deserve. As of 2021, we joined Scania, MAN and Volkswagen Truck & Bus in TRATON GROUP, a global champion of the truck and transport services industry. To learn more, visit www.International.com.
Media contact:
Nick Smith
nick.smith@navistar.com
480-398-6511
Investor contact:
Marvin Kalberlah
marvin.kalberlah@navistar.com
630-432-5179
*International Motors, LLC is d/b/a International Motors USA LLC in Illinois, Missouri, New Jersey, Ohio, Texas, and Utah.