Meritor

Peterbilt Motors Company entered into an agreement with Meritor to be the non-exclusive supplier of electric powertrains for its heavy-duty Models 579EV and 520EV battery electric vehicles. Low volume production begins in late 2020 for the 579EV and 2021 for the 520EV.

Meritor was chosen as one of seven suppliers for Volkswagen's e-Consortium in South America, with a five-year exclusivity to supply electric axles. Volkswagen plans to deliver 1,600 e-delivery trucks to Cervejaria Ambev by 2023 using Meritor's 12X drive axle.

Meritor Inc. announced the addition of the 12Xe and 17Xe electric axles to its Blue Horizon line of electrification products at the North American Commercial Vehicle Show in Atlanta on October 29, 2019.

Meritor announced the opening of a new $36.5 million axle assembly facility at its joint venture Automotive Axles with Kalyani Group, along with a research and development center in Mysore, India. The assembly facility expands production capacity by 25%.

Meritor Inc. announced it entered into an agreement to acquire AxleTech from an affiliate of The Carlyle Group for $175 million. The acquisition is expected to close in Meritor's fiscal fourth quarter of 2019.

Meritor has been contracted to supply all-electric drivetrain systems for 38 terminal tractors for use at Port of Long Beach and Port of Oakland. The $17.1 million contract is with SSA Marine.

WABCO Holdings signed an agreement to purchase Meritor's stake in the Meritor WABCO joint venture for $250 million. The transaction is expected to close on October 1, 2017, giving WABCO full ownership.

Revenue Group and Meritor announced a new three-year standard supplier agreement under which Revenue Group will equip its bus, fire and specialty vehicles with Meritor's fully dressed axle assemblies.