Axles

Vehicle weight classes 1 – 10

Meritor Inc. is expanding its electric axle line with two new models and announced that it has been chosen as one of seven suppliers for an electric vehicle project in South America,

Seeking to strengthen its portfolio of off-highway, defense and aftermarket business, Meritor (NYSE: MTOR) is acquiring AxleTech from the investment firm The Carlyle Group. Meritor will pay approximately $175 million in cash, adjusted for changes in working capital at closing. The deal is subject to regulatory approvals and customary closing conditions. AxleTech’s offerings include a […]