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 »
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 »
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 »