suppliers News Updates

Commercial vehicle supplier Meritor Inc. reported increased revenue and net income in its fiscal first quarter as well as new significant contracts with leading trailer makers.

Commercial vehicle supplier Stoneridge Inc. appointed Laurent Borne chief technology officer, a newly created position.

Commercial vehicle supplier Haldex AB reported net income plummeted and revenue improved slightly in the second quarter, amid protracted efforts by rival supplier Knorr-Bremse Group to purchase the company.

Commercial vehicle supplier Meritor Inc. reported net income and revenue rose in its fiscal third quarter, driven by broad increases in truck production plus new business wins.

Long known for squeezing its vast network of suppliers, Wal-Mart Stores Inc. is about to step up the pressure. The focus this time is delivery scheduling, and the company’s not messing around. Two days late? That’ll earn you a fine. One day early? That’s a fine, too. Right on-time but goods aren’t packed properly? You guessed it — fined.

Three leading commercial vehicle suppliers notched quar­terly gains in net income and revenue for the period ended March 31, while a fourth sup­plier posted declines in both ­areas but expressed optimism that its financial performance would improve later this year.

Truck makers are putting their respective names on more and more of the key components in the Class 8 trucks they build, expanding on their earlier move into manufacturing proprietary engines. They’re now adding axles, transmissions, collision mitigation systems and even fluids.

Three commercial vehicle suppliers and a trailer manufacturer posted, in most cases, lower but still positive earnings in their latest reports.