Meritor, Inc. Business Report FY2011
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-The effect of foreign currency translation increased sales by $70 million. Excluding the effects of foreign currency, sales increased by $776 million or 40 percent. The increase in sales is primarily due to higher OE production volumes in all regions.
-The Company announced that it will close its European trailer axle business on July 31, 2011. The business has its facilities in United Kingdom, France, Italy and Spain. Meritor's trailer axle manufacturing operations in North and South America are unaffected by this action. (From a press release on March 31, 2011)
Diverstitures-The Company has completed the sale of its Body System business to Inteva Products, LLC. The estimated purchase price at closing was 27.27 million USD. This transaction affects more than 4,100 employees in 16 countries. The divestiture completes the sale of ArvinMeritor's Light Vehicle Systems business. (From a press release on January 3, 2011)
Contracts-Meritor WABCO Vehicle Control Systems, a joint venture between ArvinMeritor and WABCO Automotive Control Systems, announced an agreement to supply Daimler Trucks North America LLC (DTNA) with air and water management valves for commercial vehicles using SCR (selective catalytic reduction) aftertreatment system. Meritor WABCO is supplying these valves on Freightliner and Western Star models. (From a press release on November 19, 2010)
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|Technical Center||Troy, Michigan, U.S.A.
|Engineering Center||Brazil, China, India, Mexico and UK|
-The Company announced that it has developed 18X rear axle for long-haul vehicles. The new production line was opened in the company's manufacturing facility in Lindesberg, Sweden. The new, laser welded 18X rear axle is a solo axle with single reduction designed for trucks with high engine power and gross combination weights of up to 60 tonnes. It delivers maximum torque 3200 Nm. The 18X reduces fuel consumption by up to two percent compared to today's hub-reduction axles. (From a press release on June 8, 2011)
-Automotive Axles, Ltd. (AAL), an Indian joint venture of Meritor Inc. and Kalyani Group, announced that it has developed the new two-speed axle MS 13 240. The axle is for a wide range of commercial vehicles including 4x2 dump applications as well as 4x2, 6x2 and 8x2 haulage vehicles. The MS 13 240 is approximately 6-8 percent more fuel efficient than a conventional axle configuration. The MS 13 240 series will enter full production in mid-2011. (From a press release on April 12, 2011)
-The Company developed a new lightweight aluminum carrier for the 14X tandem axle. The Meritor aluminum carrier offers approximately 100 pounds in weight savings compared with a cast-iron carrier. The aluminum carrier on the 14X will be available for production in 2012. (From a press release on March 30, 2011)
-The Company introduced Meritor Q Plus Brakes at Mid-America Trucking Show. The brakes are designed to assist vehicle manufacturers exceed requirements mandated by the federal government's new stopping distance regulations FMVSS-121. Meritor Q Plus Brakes are standard with corrosion protection coating, as well as a proven record of reduced brake system maintenance costs and minimal downtime. (From a press release on March 30, 2011)
-Meritor WABCO Vehicle Control Systems announced the availability of SafetyDirect, which is available for order for all North American commercial vehicle fleets. SafetyDirect works by combining the technologies in Meritor WABCO's SmartTrac and OnGuard active safety systems with their partner Iteris' SafetyDirect, an online application for analyzing data and lane departure warning system. It allows customers to collect and analyze information about the performance of the driver and vehicle. Iteris, Inc., headquartered in California, U.S.A., is a solution supplier in the field of Intelligent Transportation Systems. (From a press release on October 17, 2010)
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