Posts Tagged: Meritor

Meritor to acquire AxleTech for $175 million

Automobile component manufacturer Meritor will acquire drivetrain company AxleTech for $175 million in an effort to expand its off-highway, defense, and aftermarket segments. AxelTech’s offerings include a line of independent suspensions, axles, braking solutions, and drivetrain components. The company recently launched a new line of electric powertrain systems for off-highway applications. Jay Craig, Meritor’s CEO… Read more »

Meritor hopes to put 130 heavy-duty electric trucks on the road by 2020

Auto parts manufacturer Meritor has announced it has 22 electrification programs with OEMs, and expects to put at least 130 fully electric medium- and heavy-duty commercial trucks on the road by the end of 2020. Among the 130 commercial vehicles, 60 received funding from the California Air Resources Board as part of a broader effort… Read more »

UQM and Meritor to develop new electric axle systems for commercial vehicles

Motor maker UQM Technologies (NYSE MKT: UQM) and Michigan-based Meritor have signed a 30-month development agreement for E-axle technology. Meritor will develop integrated axle components, which will be combined with UQM’s motor and inverter technology and hardware to create a new product called the Meritor and UQM Electric Axle System for the medium- and heavy-duty… Read more »