Eaton’s Vehicle Group Forms ePowertrain Business Unit
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Power management company Eaton announced its Vehicle Group formed a new ePowertrain business unit, which will focus on products from Eaton’s electrified vehicle transmission, reduction gearing and differential portfolios.
Combining the product lines into a new ePowertrain business unit creates synergy among Eaton’s powertrain and electric vehicle experts and allows the Vehicle Group to offer its global customers solutions for commercial and light-duty EVs, according to the Galesburg, Mich.-based company.
Eaton’s portfolio of multispeed transmissions includes 2-, 4- and 6-speed electrified commercial vehicle transmissions based on layshaft architecture typical of automated manual transmissions, and shifting is synchronized without a clutch using a traction motor, the company noted.
Our new ePowertrain portfolio is designed to optimize efficiency, weight and vibration for our electric vehicle transmissions, reduction gearing and differential solutions. Check it out: https://t.co/fim9Ecdz2a #EV #eMobility pic.twitter.com/I8WWL6XnDp — Eaton (@eatoncorp) February 22, 2022
“Automakers face many challenges when developing an EV powertrain, such as optimizing efficiency, weight, and noise, vibration and harshness, and dealing with packaging constraints,” Anthony Cronin, product director of EV Gearing and Differentials at Eaton’s Vehicle Group, said in a release. “Eaton can help manufacturers overcome these challenges by utilizing our many years of experience and in-house capabilities in design, validation and manufacturing of high-precision, high-quality gearing, transmissions and differential solutions.”
In the fourth quarter ended Dec. 31, Eaton’s vehicle segment — its second-smallest — posted sales of $610 million, down 2% compared with $620 million in the fourth quarter of 2020, driven by an organic sales decline of 1% and negative currency translation of 1%. Operating profits declined 3% to $100 million compared with $103 million a year ago. Eaton forecasts the vehicle segment in 2022 will grow 7.5% to 9.5% and its operating margin will rise to 18.5% to 18.9%.
Eaton’s announcement came Feb. 22, the same day Cummins Inc. announced a definitive agreement to purchase Meritor Inc. for $36.50 per share, a 48% premium from the close on Feb. 18. Meritor is also active in providing electrified powertrains. — Transport Topics
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