Shares of Meritor Inc. rocketed 43.3% in premarket trading Tuesday, after the commercial truck and industrial equipment maker announced an agreement to be acquired by Cummins Inc. in a cash deal ...

LAS VEGAS, Nev. — Meritor introduced during Heavy-Duty Aftermarket Week new and updated products designed to improve safety and efficiency. Among them was a new line of Meritor-branded aftermarket ...

[Stay on top of transportation news: Get TTNews in your inbox.] Meritor Inc. has acquired all the outstanding common shares of Transportation Power Inc., a company focused on developing electrical ...

Meritor plans to begin production in mid-2021 of its Blue Horizon-branded 14Xe ePowertrain for medium- and heavy-duty commercial vehicles. The company has supply agreements in place with several ...

Meritor, Inc.'s (NYSE:MTOR) price-to-earnings (or "P/E") ratio of 6.5x might make it look like a strong buy right now compared to the market in the United States, where around half of the companies ...

On Monday morning, Cummins announced plans to acquire Meritor for $3.7 billion in cash and assumed debt. That's a 48% premium to Meritor's Friday close. Cummins sees the deal as a way to boost its ...

Meritor, Inc. (NYSE: MTOR) announced Wednesday that it has entered into an agreement with an affiliate of The Carlyle Group LP (NASDAQ: CG) to acquire AxleTech for about $175 million in cash. The sale ...

Cummins on Tuesday morning announced it plans to acquire Meritor – a Troy, Michigan-based supplier of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial ...

LAS VEGAS – Meritor launched a more complete portfolio of aftermarket parts, with brands at different price points, plus a new distribution system and an all-new website designed to simplify and ...

Jay Craig, retired chairman and CEO of Meritor Inc., and his wife Jill Craig have made a $26.25 million gift to their alma mater, Michigan State University. The couple’s donation will support student ...

To further accelerate the development of electrified power solutions for commercial vehicles, Cummins is acquiring Meritor Inc., a global provider of drivetrain, mobility, braking, aftermarket, and ...

Meritor, Tuesday at the North America Commercial Vehicle Show in Atlanta, detailed enhancements to its 14X HE linehaul tandem drive axle, and added two more drive axles to its high-efficiency line of ...