Meritor to Develop Trailer Components for ConMet’s eHub
Meritor Inc. announced an agreement with ConMet in which Meritor will develop purpose-built trailer suspensions and brakes, as well as tire inflation systems to work with ConMet’s PreSet Plus eHub. This system will enable production of zero-emission refrigerated trailers.
March 4, 2022Meritor Rides Truck Market to Higher Fiscal Q3 Results
Meritor Inc. reported increases in net income and revenue for its fiscal third quarter amid gains in the North American truck market.
Meritor Marks ADB Manufacturing Milestone
Meritor Inc. announced a milestone for its York, S.C., manufacturing facility that recently produced its 1 millionth air disc brake, contributing to Meritor’s production of more than 10 million air disc brakes worldwide since 1981.
April 30, 2021Meritor Announces CEO Succession Plan
Meritor Inc. announced Jay Craig, CEO and president, will transition to the role of executive chairman of the board of directors on Feb. 28, 2021. Chris Villavarayan, executive vice president and chief operating officer, will succeed him in both roles, and will join the board.
Meritor Suspends Activity as Other Suppliers Take Corrective Actions Amid COVID-19
Commercial vehicle supplier Meritor Inc. announced it halted production at most of its commercial truck facilities throughout North and South America, India and Europe on a temporary basis as a result of the spread of the coronavirus.
Meritor Sees Equipment Downturn Coming After Prosperous 2019
Commercial vehicle equipment supplier Meritor Inc. forecast North American Class 8 production is primed for a steep decline in 2020 on the heels of last year’s exceptional market, the strongest in 13 years.
Meritor in Agreement to Acquire AxleTech
Meritor Inc. announced it entered into an agreement to acquire AxleTech from an affiliate of The Carlyle Group for $175 million to accelerate global sales and growth.
May 10, 2019Meritor Profits Climb in Fiscal-Year 2Q
Meritor Inc. reported fiscal-year, second-quarter gains in net income and revenue.
Meritor Expands Service Point Program
Meritor Inc. announced that 11 independent repair facilities in eight states are newly approved service partners of the Meritor Service Point program.
October 1, 2018Meritor Net Income, Revenue Post Double-Digit Gains in Fiscal Year 3Q
Commercial vehicle supplier Meritor Inc. notched higher revenue and net income in its fiscal-year third quarter, citing new business wins and higher production in all of its major markets.