|05/22/18||Meritor® Announces Fourth North America Aftermarket Distribution Center|
|New Eastern Canada Distribution Center Serves Customers in Seven Provinces
TROY, Mich., May 22, 2018 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced the opening of its fourth North America aftermarket distribution facility − the Eastern Canada Regional Distribution Center in Mississauga, Ontario to fulfill orders from warehouse distributors and dealers in seven provinces.
"The Mississauga center is another example of our commitment to further strengthening c... |
|05/15/18||Meritor® Announces MTIS™ Now Standard/Preferred Option on Vanguard Dry Van and CIMC Reefer Trailers|
|TROY, Mich., May 15, 2018 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) announced today that the Meritor Tire Inflation System (MTIS) with ThermALERT™ is a standard/preferred option on Vanguard dry van and CIMC reefer trailers.
"MTIS uses proven technology to minimize total cost of ownership and help keep drivers safe on our highways," said Dave Pritchard, general manager, Trailer for Meritor. "It's also quick to service and easy to retrofit."
More than 8 million fleet tires are protected by ... |
|05/03/18||Meritor Reports Second-Quarter Fiscal Year 2018 Results|
|Raises Full Year Outlook
TROY, Mich., May 3, 2018 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today reported financial results for its second fiscal quarter ended March 31, 2018.
Sales of $1,066 million
Net income attributable to the company and net income from continuing operations attributable to the company of $57 million, or $0.63 per diluted share
Adjusted income from continuing operations attributable to the company of $68 million, or $0.7... |
|05/01/18||Meritor® Announces Collaboration with Peterbilt on All-Electric Class 8 Trucks|
|TROY, Mich., May 1, 2018 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced that the company will supply all-electric drivetrain systems for two Peterbilt vehicle platforms through its alliance with TransPower. These include 12 Peterbilt all-electric Class 8 Model 579 day cab tractors and three Model 520 refuse trucks.
Meritor will supply high-efficiency and lightweight axles, drivelines and brakes that maximize system efficiency, extend range and increase payload. Electric drivetrai... |
|05/01/18||Meritor Announces Blue Horizon Advanced Technology Brand|
|TROY, Mich., May 1, 2018 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced Blue Horizon, a new technology brand representing the company's emerging platform of advanced technologies centered on electric drivetrain, efficiency and connectivity systems.
Products offered under the new brand will include integrated electrified solutions for Class 4-8 commercial vehicles across multiple vocations, including pickup and delivery, drayage/terminal tractors, transit and school buses, as well ... |
|04/30/18||Meritor® Announces Two Axles for Extreme Off-Highway Applications|
|TROY, Mich., April 30, 2018 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced the launch of its MOX-32, a 32,000-pound rated planetary front-drive steer axle for heavy-duty and off-highway applications, as well as the MON-32, a 32,000-pound rated non-drive steer axle for applications that haul demanding loads but do not require a driven front axle.
"Built in Laurinburg, North Carolina, these new axles are engineered for strength and durability to meet performance requirements an... |
|04/30/18||Meritor Acquires AA Gear & Manufacturing|
|Enhances Growth Platform for Meritor Components Business
TROY, Mich., April 30, 2018 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced that it has acquired substantially all of the assets of AA Gear & Manufacturing, Inc. ("AAG") and its subsidiaries. Terms of the transaction were not disclosed.
Headquartered in Howell, Michigan, AAG is a privately-held manufacturer that provides low-to-medium volume batch manufacturing for complex gear and shaft applications, as well as quick-turn... |
|04/25/18||Meritor® Announces Launch of RS180 for Fire and Rescue with Gross Axle Rating up to 35,000 Pounds|
|TROY, Mich., April 25, 2018 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced the launch of a new higher-strength RS180 series single-reduction rear axle with a maximum gross axle weight rating of 35,000 pounds to maximize payload capacity for fire and rescue applications.
"The RS180 is an extension of Meritor's rear-drive offerings that fire and rescue agencies know and trust, but strengthened to work on vehicles requiring longer ladders or increased equipment capability," said Jim ... |
|04/09/18||Meritor Hosts Conference Call and Webcast to Present Fiscal Year 2018 Second-Quarter Results|
|TROY, Mich., April 9, 2018 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) will host a conference call and webcast to discuss the company's second-quarter results for fiscal year 2018 on Thursday, May 3 at 9 a.m. ET.
To participate, call (844) 412-1003 (within the United States) or (216) 562-0450 (international) at least 10 minutes prior to the start of the call. Please reference conference ID 6496728 when registering. Investors can also listen to the conference call in real time or access a recor... |
|04/03/18||Meritor Announces its Authorized Carrier Rebuilders in Canada now Listed on TruckDown.com|
|TROY, Mich., April 3, 2018 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced its authorized drive axle carrier rebuilders in Canada are listed on TruckDown.com's locator map to help end-users with a breakdown quickly identify the nearest dealer or wholesale distributor stocking the replacement parts.
Capital Gear, Coast Powertrain, Ltd., ULT Powertrain and The Gear Centre and their combined 24 locations across Canada are the first in a network of companies in Meritor's North America... |
|03/29/18||Meritor, Inc. Announces Conversion Option for 7.875% Convertible Senior Notes Due 2026|
|TROY, Mich., March 29, 2018 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced that it is notifying holders of its 7.875% Convertible Senior Notes due 2026 (the "Notes") that they are entitled to convert all or a portion of their Notes at any time beginning April 2, 2018 and prior to the close of business on June 29, 2018 at a rate of 83.3333 shares of common stock per $1,000 principal amount at maturity of the Notes (representing a conversion price of approximately $12.00 per share). Th... |
|03/12/18||Meritor Announces Executive Appointments|
|TROY, Mich., March 12, 2018 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced a number of executive appointments, effective immediately.
"The changes we are announcing today will further align our resources and strengthen our ability to drive strong operational execution, achieve our strategic objectives and capitalize on our significant growth opportunities around the world," said Jay Craig, CEO and president. "These appointments bring additional expertise to various areas of the b... |
|03/06/18||Meritor® Earns HDT's Top 20 Product Award for 14X™ HE (High Efficiency) Tandem Drive Axle|
|TROY, Mich., March 6, 2018 /PRNewswire/ -- Meritor® (NYSE: MTOR) announced today it has earned Heavy Duty Trucking (HDT) magazine's 2018 Top 20 Product Award for its 14X™ HE high efficiency tandem drive axle.
The award honors the most innovative and significant new products that address industry issues and help fleets improve their bottom line, according to Deborah Lockridge, HDT editor-in-chief. HDT announced the awards at the Technology and Maintenance Council's 2018 Annual Meeting & Trans... |
|03/05/18||Meritor® Announces EX+™ L Air Disc Brakes as Standard for Freightliner New Cascadia® Trucks|
|TROY, Mich., March 5, 2018 /PRNewswire/ -- Meritor® (NYSE: MTOR) announced today that EX+ L air disc brakes will be standard on all wheel positions for Daimler Trucks North America's (DTNA) Freightliner new Cascadia model to further enhance safety and performance beginning in the second quarter of 2018.
"We are proud to continue to be the preferred braking solution for Daimler Trucks North America," said T.J. Reed, vice president, Front Drivetrain for Meritor. "The leading performance of Meri... |
|02/08/18||Meritor® Announces its P600 Tridem is the Only Axle Ranked in OEM Off-Highway Magazine's Top 10 New Products of 2017|
|TROY, Mich., Feb. 8, 2018 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced its P600 tridem planetary axle ranked as one of OEM Off-Highway magazine's Top 10 New Products of 2017, surpassing almost 5,000 products and services from more than 1,800 global companies listed in the magazine's Component Directory. The P600 is the only axle to reach the magazine's top 10 in 2017.
"Customers are clearly benefitting from the P600's strength, multiple layers of configurability, low-cost servic... |
|02/06/18||Meritor® Announces New Line of High-Quality Gear Sets for Aftermarket|
|TROY, Mich., Feb. 6, 2018 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced a new line of high-quality gear sets at aftermarket prices for Meritor 145 and 160 series axles.
The new line, built to Meritor product specifications and validated through extensive axle dynamometer testing to ensure better gear mesh, smooth operation and durability, includes:
Ring gear and drive pinion sets
Main differential sets with differential pinions and side gears
Inter-axle differe... |
|01/31/18||Meritor Reports First-Quarter Fiscal Year 2018 Results|
|Revenue Grows 29 Percent Year Over Year On Strong Markets and New Business
TROY, Mich., Jan. 31, 2018 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today reported financial results for its first fiscal quarter ended Dec. 31, 2017.
Sales of $903 million.
Net loss attributable to the company of $36 million and net loss from continuing operations attributable to the company of $35 million.
Diluted loss per share from continuing operations of $0.40.
|01/23/18||Meritor® Announces Highly Competitive and Complete King Pin Portfolio|
|TROY, Mich., Jan. 23, 2018 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced the expansion of its king pin kits to include new offerings in its Meritor® Genuine and Mach™ product lines. The additional kits round out the overall portfolio, meeting multiple price point requirements while covering 95 percent of the market for ream and no-ream applications.
"This expansion allows us to offer king pin kits for virtually every commercial vehicle on the road," said Krishna Natarajan, senior... |
|01/23/18||Meritor® Announces New Lineup of Aftermarket Brands for Every Stage of Vehicle Lifecycle|
|TROY, Mich., Jan. 23, 2018 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced it will offer a more complete product portfolio with distinct aftermarket brands that includes multiple price points designed to meet customer requirements regardless of the vehicle lifecycle stage.
"Meritor's comprehensive portfolio delivers the right parts, performance and price for each life stage of trucks, trailers and buses, offering quality products to lower fleets' total cost of operation," said Bre... |
|01/23/18||Meritor® Launches Aftermarket Air Spring Product Line|
|TROY, Mich., Jan. 23, 2018 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced the launch of Meritor-branded air springs to cover a wide range of commercial vehicle applications.
"Meritor air springs are built to exacting Meritor quality and reliability specifications at a competitive price point as we continue to focus on enhancing our service to customers by delivering comprehensive aftermarket solutions," said Krishna Natarajan, senior director, Steering, Suspension and Drivetrain f... |
|01/18/18||Meritor Realigns Operating Segments to Drive Long-Term Strategic Objectives|
|TROY, Mich., Jan. 18, 2018 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced a realignment of its operating segments to further drive its long-term strategic objectives while also assigning new responsibilities as part of Meritor's commitment to leadership development. This realignment is effective immediately and includes the following appointments:
Joseph Plomin has been appointed senior vice president and president, Aftermarket & Trailer and Quality. Since January 2014, he se... |
|01/09/18||Meritor Launches Authorized Rebuilder Program for Axle Carriers|
|Four Authorized Rebuilders now Cover Canada Market; U.S. Rebuilders to be Named in 2018
TROY, Mich., Jan. 9, 2018 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced the launch of its North America Authorized Rebuilder Program for drive axle carriers, including the company's 145, 14X ™ and 160 products. As part of the launch, four Canadian companies − Capital Gear, Coast Powertrain, Ltd., ULT Powertrain and The Gear Centre − become the first in a network of authorized rebuilder members... |
|01/08/18||Meritor Hosts Conference Call and Webcast to Present Fiscal Year 2018 First-Quarter Results|
|TROY, Mich., Jan. 8, 2018 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) will host a conference call and webcast to discuss the company's first-quarter results for fiscal year 2018 on Wednesday, Jan. 31 at 10 a.m. ET.
To participate, call (844) 412-1003 at least 10 minutes prior to the start of the call. Please reference passcode 1049079 when registering. Investors can also listen to the conference call in real time or access a recording of the call for seven days after the event by visiting the ... |