ArvinMeritor, Yutong Sign Auto Parts Deal
Auto parts supplier ArvinMeritor Inc. has formed a strategic partnership with Yutong Group Co. to supply drivetrain components for buses and coaches in China.
Troy, Mich.-based ArvinMeritor said late Monday the new partnership will help strengthen its existing partnership with Yutong and expand the company's presence in Asia.
Additionally, ArvinMeritor will manufacture differential carriers and brake calipers at its facility in Wuxi, China, for application on Yutong's axles.
Shares of ArvinMeritor fell 2 cents to $3.68 in afternoon trading.
