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ArvinMeritor signs venture for Korea

DETROIT - ArvinMeritor Inc. of Troy, Mich., has formed a strategic alliance with Sejong Industrial Co. Ltd. of Korea to supply complete exhaust systems to Korean automakers.

The agreement covers sales to Hyundai Motor Co. and Kia Motor Co. in North America and Korea. The agreement also will allow both suppliers to team up on exhaust system sales in other countries.

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