Truck component supplier Meritor Inc. reported net income of $234 million, or 2.31 per share, in its fiscal third quarter ended June 30, reversing a loss of $38 million, or 39 cents, in the same period last year.

Meritor Inc. said it has promoted Jay Craig to president and chief operating officer from senior vice president and chief financial officer, effective June 9.

Truck component maker Meritor Inc. said its fiscal fourth-quarter earnings jumped from a year ago in part on the sale of its stake in Suspensys Sistemas Automotivos.

Meritor Inc. said Tuesday that it expects to take a charge against earnings of $15 million to $25 million and eliminate about 200 salaried employees.

Truck components maker Meritor Inc. reaffirmed its earnings guidance for fiscal year 2012, and said its next quarter would improve incrementally from its most recent.

Components maker Meritor Inc. said Tuesday its fiscal fourth-quarter profit jumped from a year ago on a stronger global truck market.

Trucking components maker Meritor Inc. Thursday named Tim Bowes head of its commercial truck unit and said that Carsten Reinhardt, formerly its chief operating officer, has left the company.