From: Automotive News
Detroit-ArvinMeritor Inc. has decided to sell its 75-percent stake in AP Amortiguadores SA to joint-venture partner Kayaba Industry Co. Ltd. of Japan, for an undisclosed sum. The venture manufactures shock absorbers for the global automotive market.
AP Amortiguadores has plants in Spain and Brazil. ArvinMeritor, of Troy, Michigan, supplies chassis and body components.