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Arvinmeritor 2003 Annual Report
The 2003 Annual Report summarizes ArvinMeritor's financial performance and key accomplishments in fiscal year 2003. Sales increased 13% to $7.8 billion due to currency exchange rates and an acquisition, however operating income declined 10% to $309 million due to an inability to fully offset cost pressures. Net income increased 27% to $136 million. The report discusses ArvinMeritor's strategies to address industry trends through diversification, leadership in modules/systems, technology solutions, and global expansion.
