Meritor CEO predicts more electrification
ATLANTA, GA -- "There is a sea change in our industry with regard to electrification of the drivetrain," said Jay Craig, CEO of Meritor, at the North American Commercial Vehicle Show. The actual percentage of medium- and heavy-duty vehicles that will be fully electric or hybrid electric by 2025, he said, is not as important as the surety that the number will be more than it is today.
Meritor’s Mach brand enters the aftermarket
ATLANTA, GA - Meritor has introduced a value-priced product line for the aftermarket that will be branded as Mach. Initial offerings will include brakes, drivelines, drive axles, suspensions, transmissions and springs, but there are plans to expand as well. "Mach is a global aftermarket value brand that we're launching today for North America, but we're going to introduce it here and all over the world," said Rob Speed, president - aftermarket and trailer and Chief Procurement Officer, during an unveiling at the North American Commercial Vehicle Show. "The time is right, we believe, to launch a value lineup brand for aftermarket parts. In North America and around the world we're seeing a rise in low-cost competitors and brands that don't necessarily have the same quality focus as Meritor." Buyers are rolling the dice when they buy products from companies they don't know, he said. In contrast, Meritor is a proven company. "We're not offering parts that won't fit or won't work well. Mach is different."
WABCO buys Meritor’s stake in partnership
TROY, MI - WABCO Holdings is upping the ante in its North American ownership, announcing this morning that it is taking full control of the he Meritor WABCO joint venture. In a press release, WABCO Holdings said it was purchasing Meritor's stake in the joint venture business, with a transaction that is expected to close Oct. 1. Meritor WABCO, a distributer of WABCO products for commercial vehicles in North America, employs about 200 people and had sales of $300 million in fiscal year 2016 With this agreement, WABCO will take over the former joint venture's application engineering and supply chain operations, including the distribution center and customer service hub in Hebron, Kentucky.