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ArvinMeritor to Double Indian Spending, R&D

More news on ArvinMeritor's global ambition is here.

Not only is it looking to more than double its procurement from India - spent $100 million there last year and is likely to scale that figure up to $250 million this year - but it is also planning to double the headcount at its Bangalore-based R&D facility.

BTW - the funding for this global expansion will come in part from the sale of ArvinMeritor's emissions control businessto One Equity Partners. That sale has now been approved by Federal antitrust regulators.


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This page contains a single entry from the blog posted on March 30, 2007 5:18 PM.

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