USA: Higher costs hit ArvinMeritor Q4 earnings - report
Reuters reported that parts maker ArvinMeritor said on Tuesday its fiscal fourth-quarter earnings will be affected by higher than expected costs for new product launches and steel-related interruptions in its light vehicle systems business. According to the news agency, ArvinMeritor said it expects earnings for the fiscal fourth-quarter ending September 30 of 48 cents to 51 US cents a share, before the effects of a change in accounting principle.
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