Announces "MTOR" as NYSE Ticker Symbol
TROY, Mich., March 30, 2011 /PRNewswire via COMTEX/ -- ArvinMeritor, Inc. has officially changed its name to Meritor, Inc. As a result, Meritor's ticker symbol on the New York Stock Exchange is MTOR (NYSE: MTOR), effective at the start of trading today.
With the divestitures of its light vehicle businesses now completed, the company is focused on commercial vehicle and industrial markets in every major region of the world. "Changing the company's name back to Meritor gives us the opportunity to leverage the strength of the brand and build on it as we go forward," said Chip McClure, chairman, CEO and president.
The company initially assumed the name Meritor following the spin-off from Rockwell International Corp. in 1997. It remained Meritor until the merger with Arvin Industries in 2000. Since that time, the company has marketed and sold product under the Meritor brand.
About Meritor, Inc.
Meritor, Inc. is a leading global supplier of drivetrain, mobility, braking and aftermarket solutions for commercial vehicle and industrial markets.With more than a 100-year legacy of providing innovative products that offer superior performance, efficiency and reliability, the company serves commercial truck, trailer, off-highway, defense, specialty and aftermarket customers in more than 70 countries. Meritor is based in Troy, Mich., United States, and is made up of more than 11,000 diverse employees who apply their knowledge and skills in manufacturing facilities, engineering centers, joint ventures, distribution centers and global offices in 19 countries. Common stock is traded on the New York Stock Exchange under the ticker symbol MTOR. For more information, visit the company's web site at meritor.com.
SOURCE Meritor, Inc.