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TROY, Mich., March 10, 2020 /PRNewswire/ -- Meritor, Inc. (NYSE:MTOR) today announced the MCL 541™ planetary axle for wheel loaders at CONEXPO-CON/AGG 2020 in Las Vegas, Nevada.
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"This axle serves as the entry point to a new segment and represents Meritor's ongoing commitment to the off-highway market," said Steve Luepke, senior director of Off-Highway for Meritor. "Our focus on continuous product innovation, combined with the company's global footprint and support network, has made it possible for us to address the demands of this dynamic segment and expand our product offering for customers."
The MCL 541 planetary axle, designed for machines with up to 4m 3 bucket capacity, is the first model of a wheel loader axle series and features proven components, such as Meritor's 14X™ carrier and Family 5 planetary wheel-ends. The axle's interchangeable architecture also opens the door for future compatibility with electric vehicles.
This announcement reinforces Meritor's commitment to achieve its M2022 strategic goals of exceeding customer expectations and protecting and growing its market position.
About Meritor
Meritor, Inc. is a leading global supplier of drivetrain, mobility, braking and aftermarket solutions for commercial vehicle and industrial markets. With more than a 110-year legacy of providing innovative products that offer superior performance, efficiency and reliability, the company serves commercial truck, trailer, off-highway, defense, specialty and aftermarket customers around the world. Meritor is based in Troy, Mich., United States, and is made up of approximately 9,100 diverse employees who apply their knowledge and skills in manufacturing facilities, engineering centers, joint ventures, distribution centers and global offices in 19 countries. Meritor common stock is traded on the New York Stock Exchange under the ticker symbol MTOR. For important information, visit the company's website at www.meritor.com.
SOURCE Meritor, Inc.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.