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On July 10, Yutong Group Corp. signed a strategic cooperation agreement with ArvinMeritor, who will provide parts and components for the power transmission and basic braking systems to Yutong for the production of Yutong buses and chassis.

Under the agreement, in addition to continually providing high-end axle products to Yutong, ArvinMeritor will also offer final drives and brakes made in its production plant in Wuxi for use in Yutong’s self-made axles. The project will commence by the end of 2009 and the transaction amount is expected to exceed USD 50 million over the next five years. Meanwhile, both companies will be able to operate on a larger scale through their partnership.

ArvinMeritor, Inc. is a tier-one supplier in the global automotive industry who provides a variety of integrated systems, modules, components and services for commercial vehicles, tractors, OEMs, after-markets and light vehicle manufacturers. The union of these two titans will not only benefit the rapid development of the companies in their respective areas, but also bring leading system solutions to the bus market, enhancing the competitiveness of bus products.