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Meritor
Business, Technology, Equipment

Meritor Reports FY Q2 Revenue Climbs on Demand, Higher Pricing

Meritor Inc. reported fiscal second-quarter net income dipped and revenue increased primarily driven by higher truck production in most global markets and pricing actions.

Roger Gilroy | Senior Reporter
May 3, 2022
Business, Technology, Equipment, Breaking News

Cummins to Buy Parts Manufacturer Meritor for $3.7 Billion

Engine maker Cummins Inc. is acquiring components manufacturer Meritor in a $3.7 billion cash deal announced Feb. 22.

Roger Gilroy | Senior Reporter
February 22, 2022
Business, Technology, Equipment

Meritor Reports Higher Income, Revenue in FY Q1

Meritor Inc. reported quarterly net income nearly doubled and revenue climbed by about 11%, and cited a rising truck market in multiple regions compared with a year earlier.

Roger Gilroy | Senior Reporter
February 7, 2022
Business, Technology, Equipment

Meritor Forecasts Electrification Will Bring $1.5 Billion in Revenue by 2030

Meritor Inc. announced several new business awards that expand its role in vehicle electrification, including the medium-duty segment, and broaden its global reach to offset the cyclical North American truck market, its largest customer base.

Roger Gilroy | Senior Reporter
December 8, 2021
Business, Technology, Equipment

Meritor Notches Higher Q4 Net Income, Revenue

Meritor Inc. reported higher fiscal year fourth-quarter net income and revenue thanks to higher global truck production.

Roger Gilroy | Senior Reporter
November 17, 2021
Business, Technology, Equipment, Fuel

Shell, Meritor Make Case for Lower Emissions

LONG BEACH, Calif. — Shell and Meritor Inc. have withstood abrupt changes in an evolving transportation industry because of their ability to adapt to new technologies.

Roger Gilroy | Senior Reporter
September 7, 2021
Business, Equipment

Meritor Reports Higher Revenue, Lower Income in FY Q2

Meritor Inc. reported higher fiscal second-quarter revenue and lower net income reflecting, respectively, strong truck production and a previous distribution agreement termination.

Roger Gilroy | Senior Reporter
May 4, 2021
Business, Technology, Equipment

Meritor Reports Lower Fiscal-Year Q1 Earnings, Revenue

Meritor Inc. reported a decline in net income, largely due to interest expenses, and a dip in revenue during its fiscal first quarter.

Roger Gilroy | Senior Reporter
February 3, 2021
Business, Equipment, Fuel

Meritor Reports Lower Profit, Revenue; Transition Plan Announced

Meritor reported lower fiscal fourth-quarter net income and revenue. The company also announced President and CEO Jay Craig will transition to executive chairman of the board of directors Feb. 28.

Roger Gilroy | Senior Reporter
November 17, 2020
Business, Equipment, Safety

Meritor, DTNA Extend Air Disc Brake Deal

Meritor Inc. and Daimler Trucks North America announced that Meritor EX+ LS air disc brakes will be standard on all wheel positions on Freightliner Cascadia truck models through 2025.

November 16, 2020

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