September 29, 2014 - Industry News
Meritor has sold its Mascot operations in Canada and the United States to an entity that will operate under the name Mascot Industries LLC. All other Meritor brake and trailer axle remanufacturing operations, as well as Meritor's distribution business, are not affected by the sale and will continue to operate as usual.
Tags: Canada, Aftermarket Parts, Meritor, Remanufacturing, Mergers & Acquisitions
July 31, 2014 - Industry News
Sales were down slightly for Meritor in its third fiscal quarter, but partly thanks to a settlement of an antitrust suit with Eaton, it saw net income of $234 million, compared to a net loss of $38 million in the same period last year.
Tags: Meritor, Aftermarket, Earnings
January 29, 2014 - Industry News
Truck component maker Meritor recorded a profit for the final quarter of last year, compared to a loss the same time a year ago, according to a newly released earnings report.
Tags: OEM, Meritor, Aftermarket, Earnings
Meritor has long positioned itself as a provider of information and training, but has gone one step further developing two Nissan high-roof NV3500 trucks that will deliver onsite product and systems education to fleets, warehouse distributors and independent service garages in the United States and Canada.
Tags: Meritor, Aftermarket, Technician Training, Brakes, Maintenance, Training, Technicians, HDAW 2014, HDAW
September 22, 2013 - Industry News
Meritor Inc. is expanding its first wholesale aftermarket parts outlet in North America to provide OEM dealers, warehouse distributors and area rebuilders with a complete parts selection and fast delivery of all-makes drivetrain components and related replacement parts.
Tags: Meritor, Aftermarket, Expansion
July 24, 2013 - Industry News
Fleet interest in air disc brakes is growing, Meritor says, but time-tested and trusted drum brakes will dominate the market for some time to come.
Tags: Brakes, Meritor, Air Disc Brake
July 15, 2013 - Industry News
Meritor is reinvigorating a 75-year-old brake manufacturing facility in Wales, complete with a state-of-the-art engineering and test center, to meet expected increased demand in North American, European and emerging commercial vehicle markets.
Tags: Meritor, Air Disc Brake, Brakes, Global
May 6, 2013 - Industry News
Meritor has named Ivor J. Evans executive chairman of the board and interim chief executive officer and president. Evans, who has been a member of the board of directors since 2005, succeeds Charles "Chip" McClure Jr., who is departing from the company.
Tags: Meritor, Aftermarket
April 30, 2013 - Industry News
Meritor Inc. announced it has signed a purchase and sale agreement to sell its 50% ownership interest in Suspensys Sistemas Automotivos LTDA to its joint venture partner Randon S.A. Implementos E Participacoes.
Tags: Meritor, Global, Aftermarket
Meritor Inc. reported financial results for its second fiscal quarter ended March 31, 2013, which included that its sales were $908 million, down $252 million or 22 percent, from the same period last year.
Tags: Meritor, Aftermarket, financials, Earnings
January 31, 2013 - Industry News
Meritor celebrated its 10 millionth trailer axle made in North America at its Frankfort, Ky. manufacturing facility.
Tags: Meritor, Wabash, Werner Enterprises, Kentucky, Axles
January 23, 2013 - Industry News
Fras-le announced that it began production of heavy-duty brake lining at its friction manufacturing facility in Prattville, Ala. earlier this month. This is the first time Fras-le has produced heavy-duty brake lining in the U.S.
Tags: Industry, Fras-le, Meritor
January 22, 2013 - Industry News
LAS VEGAS -- Meritor introduced a comprehensive aftermarket drivetrain program, called Drivetrain Direct, designed to meet the parts needs of component rebuilders across the U.S. and Canada
Tags: Industry, Meritor, Aftermarket
January 17, 2013 - Industry News
Meritor announced a series of organizational changes it says are designed to more closely align its overall structure with its recent business segment consolidation
Tags: Industry, Meritor, Aftermarket, People
November 14, 2012 - Industry News
For the fourth quarter of fiscal year 2012, Meritor posted sales of $986 million, down 19% from the same period last year due to lower sales volumes in global markets as well as weaker currency translation
Tags: Industry, Meritor
November 13, 2012 - Industry News
Meritor Inc. announced that it plans to consolidate its North American remanufacturing operations and create a "center of excellence" in Plainfield, Ind
Tags: Industry, Meritor, Aftermarket, Remanufacturing
November 12, 2012 - Industry News
Meritor Inc. announced that it has revised its reporting structure to drive efficiencies across the corporation. Going forward, the company expects to report future results under two segments: Commercial Truck and Industrial and Aftermarket and Trailer
November 7, 2012 - Industry News
Three aftermarket customers of Meritor have been recognized in a national "Drive to 100 Store Decor" contest to improve retail store showroom decor.
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