Meritor was formed when Rockwell International, a manufacturing conglomerate, spun-off its automotive business.
In 2000 Meritor Automotive, Inc. merged with Arvin Industries, Inc. to form ArvinMeritor.
In 2011 the company rebranded and the company name returned to Meritor.
Today the company makes axles, brakes, drivelines, suspension systems, undercarriages, U-joints, shafts, clutches, ABS and stability control systems, and transmissions for vehicles of all types including military, bus, commercial truck and specialty vehicles.
Meritor has operations in over 20 countries.
Meritor is publicly traded on the New York Stock Exchange under the ticker symbol MTOR, is #634 in the Fortune 500, has 8,200 employees, and had $3.4 billion in revenue in 2017.
In October 2020, Meritor stock soared nearly 7 percent.
This may have been due to Meritor’s announcement that they planned to invest $3 million expanding its North Carolina operation unit.
Meritor maintains a corporate office in Troy, Michigan.
Meritor was formed when Rockwell International, a manufacturing conglomerate, spun-off its automotive business.
In 2000 Meritor Automotive, Inc. merged with Arvin Industries, Inc. to form ArvinMeritor.
History
In 2011 the company rebranded and the company name returned to Meritor.
Today the company makes axles, brakes, drivelines, suspension systems, undercarriages, U-joints, shafts, clutches, ABS and stability control systems, and transmissions for vehicles of all types including military, bus, commercial truck and specialty vehicles.
Meritor has operations in over 20 countries.
Meritor is publicly traded on the New York Stock Exchange under the ticker symbol MTOR, is #634 in the Fortune 500, has 8,200 employees, and had $3.4 billion in revenue in 2017.
In October 2020, Meritor stock soared nearly 7 percent.
This may have been due to Meritor’s announcement that they planned to invest $3 million expanding its North Carolina operation unit.
Meritor maintains a corporate office in Troy, Michigan.