Last $10.64 USD
Change Today -0.04 / -0.37%
Volume 490.9K
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As of 11:23 AM 10/22/14 All times are local (Market data is delayed by at least 15 minutes).

meritor inc (MTOR) Snapshot

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06/6/14 - $15.14
52 Week Low
11/13/13 - $6.09
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meritor inc (MTOR) Details

Meritor, Inc. designs, develops, manufactures, sells, markets, distributes, services, and supports integrated systems, modules, and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation, and industrial sectors. It operates in two segments: Commercial Truck and Industrial, and Aftermarket and Trailer. The Commercial Truck and Industrial segment supplies drivetrain systems and components, including axles, drivelines, and braking and suspension systems, primarily for medium and heavy-duty trucks, off-highway, military, construction, bus and coach, fire and emergency, and other applications. The Aftermarket and Trailer segment supplies axles, brakes, drivelines, suspension parts, and other replacement and remanufactured parts, including transmissions to commercial vehicle and industrial aftermarket customers. This system also offers various undercarriage products and systems for trailer applications. The company sells its products under Meritor, Meritor Wabco, Euclid, Trucktechnic, Mascot Truck Parts, and Meritor AllFit brand names primarily to OEMs and its parts marketing operations, dealers, and other independent distributors, as well as service garages in the aftermarket industry. It operates in North America, South America, Europe, and the Asia Pacific. The company was formerly known as ArvinMeritor, Inc. and changed its name to Meritor, Inc. in March 2011. Meritor, Inc. was founded in 1921 and is headquartered in Troy, Michigan.

8,900 Employees
Last Reported Date: 11/20/13
Founded in 1921

meritor inc (MTOR) Top Compensated Officers

Executive Chairman, Chief Executive Officer a...
Total Annual Compensation: $517.7K
President and Chief Operating Officer
Total Annual Compensation: $541.6K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $375.9K
Compensation as of Fiscal Year 2013.

meritor inc (MTOR) Key Developments

Meritor Launches RPL35 and RPL35SD Drivelines for Linehaul and Heavy Service Applications

Meritor announced the introduction of the newest members of the Permalube(TM) RPL family. The high-capacity RPL35 and RPL35SD(TM) drivelines are engineered for linehaul and heavy-service applications in North and South America. The RPL35, when combined with an RPL25 inter axle, is designed to handle the higher torque imposed on drivelines from downspeeding engines for fuel economy in linehaul applications. Downspeeding is a current trend employing direct drive transmissions and fast axle gear ratios to maintain vehicle road speed at lower engine rpm. The RPL35SD is designed for heavy-haul and three-axle (tridem) applications with GCW ratings ranging from 140,000 pounds to 190,000 pounds. Both drivelines incorporate proven European-style flange connections for secure transfer of torque and ease of installation and removal.

Meritor, Inc. Enters into Agreements to Supply of Axles in Europe, South America, and Australia

On October 2, 2014, Meritor, Inc., through subsidiaries, entered into agreements with Volvo Truck Corporation and its Brazilian affiliate, both subsidiaries of AB Volvo, with respect to the supply of axles in Europe and South America through December 31, 2021, and with Volvo Truck Corporation with respect to the supply of axles in Australia through May 31, 2019. These agreements replace existing agreements which will expire on October 4, 2014. Also, the company, through subsidiaries, entered into agreements with Volvo Group North America, LLC, a subsidiary of AB Volvo, to extend and amend its existing agreements with respect to the supply of axles and drivelines in North America through May 31, 2019.

Meritor, Inc. to Showcase its 17X EVO(TM) axle for Linehaul Applications at 65th IAA Commercial Vehicles 2014

Meritor, Inc. will showcase its 17X EVO(TM) axle for linehaul applications at the 65th IAA Commercial Vehicles 2014 show Sept. 25-Oct. 2 in Hannover, Germany. Originally designed for 4x2 applications in Europe, the 17X EVO is built with advanced manufacturing technologies for greater durability and substantial reductions in fuel onsumption. The axle will be available in South America and will be introduced in North America for the 6x2 segment. The 17X EVO's high-density design for engines up to 540 horsepower and 2600 Nm torque includes a driver-controlled curvic differential lock that engages at varying speeds to achieve maximum traction in unfavorable driving conditions or on rough roads. It is also engineered to reduce power loss in axles due to gear and bearing friction and oil churning. Advanced features include an electronically controlled differential lock as well as lube level control to further improve fuel efficiency. The 17X EVO is available with a cast or stamped housing. Meritor uses laser welding to join the axle's drive gears with differentials to deliver higher torque, ensure the gears mesh better for a 30% increase in durability, and reduce oil splash.


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