By Graeme Roberts | 31 July 2013
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Meritor has completed the sale of its 50% ownership interest in Suspensys Sistemas Automotivos to its joint venture partner Randon SA Implementos e Participacoes.
The purchase price at closing was US$195m in cash and other consideration.
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Meritor supplies EX+L air disc brakes for International LT Series
Meritor announced that EX+L air disc brakes will be available on International LT Series tractors beginning in February.
"Demand for air disc brakes is growing among North America fleets that are increasingly concerned about safety and...
UQM/Meritor to jointly develop Electric Axle systems
UQM Technologies has inked an agreement with Meritor, with the latter company developing integrated axle components for E-axle technology.
Meritor Q4 2016 sales down 15%
Meritor on 16 November 2016 reported financial results for its fourth quarter and full fiscal year ended 30 September 2016.
Sales were US$728m
Net income attributable to Meritor and net income from continuing...
Meritor launches new global brand identity
Meritor on 3 October 2016, announced the launch of its new brand identity “Run With The Bull,” which reinforces the company’s increased emphasis on sustainable growth.
“As we begin our M2019 strategic business plan, our new...
Meritor recalls 71000 Series drum/disc brake axles
NHTSA campaign number: 16E075000
Component(s): Power train
Potential number of units affected: 238
Meritor is recalling certain 71000 Series drum axles, 71000 Series disc brake axles, and 79000 Series disc...
Meritor appoints senior vice president legal
Meritor on 15 August 2016, announced that April Miller Boise has joined the company as senior vice president, general counsel and corporate secretary, effective immediately.
“April’s impressive background in corporate law will be a...
Meritor Q3 2016 sales down 7%
Meritor on 3 August 2016, reported financial results for its third fiscal quarter ended 30 June 2016.
Sales of $841m
Net income attributable to Meritor of $41m
Diluted earnings per share from continuing operations of...
Meritor Q2 2016 operating income shrinks a little
Meritor announced second fiscal quarter (to 31 March 2016) sales of US$821m, down 5% year on year. Operating income was $33m versus $39m and adjusted EBITDA was $81m, compared to $87m. Adjusted EBITDA margin was 9.9% versus 10.1%.
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The week - new and future products galore
Microsoft's connected car patent deal with Toyota
Microsoft this week agreed a new patent licensing agreement with Toyota that includes broad coverage for connected car technologies.
Begbies Traynor finds buyer for Zenos Cars
Administrators from Begbies Traynor have agreed the sale of the assets of British car manufacturer Zenos Cars Limited to a consortium of investors, including the backers of AC Cars Limited, the British specialist automobile manufacturer, thereby...
Concentric secures OEM oil pump deal
Concentric said it recently received an order from a global OEM of heavy trucks and buses to produce electric oil pumps for hybrid applications.
US: Goodyear unveils second quarter operating income of US428mPREVIOUS
FRANCE: PSA posts first half group revenue down 3.8% to EUR27.7bnNEXT
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