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Meritor reported lower fiscal fourth-quarter net income and revenue. The company also announced President and CEO Jay Craig will transition to executive chairman of the board of directors Feb. 28.

Meritor Inc. and Daimler Trucks North America announced that Meritor EX+ LS air disc brakes will be standard on all wheel positions on Freightliner Cascadia truck models through 2025.

Meritor Inc. reported lower fiscal fourth-quarter net income and revenue, pointing to the COVID-19 pandemic’s effect on customer demand.

Meritor Inc. recently produced its 100 millionth brake shoe at its Plainfield, Ind., manufacturing facility.

Meritor Inc. announced Hannah Lim-Johnson joined the company as chief legal officer.

Meritor Inc. reported a net loss and a broad decline in revenue in its fiscal-year third quarter amid decreased customer demand.

Meritor Inc. reported fiscal second-quarter net income rose and revenue declined.

Meritor Inc. announced the distribution agreement between the company and a subsidiary of Wabco Holdings Inc. was terminated effective March 13.

Commercial vehicle supplier Meritor Inc. reported lower net income and revenue for its fiscal-year first quarter, citing rapid declines in global end markets and restructuring costs, among other factors — at the same time highlighting its growing business opportunities with electric vehicles.

Meritor Inc. has acquired all the outstanding common shares of Transportation Power Inc., a company focused on developing electrical drive systems and related technology for manufacturers of trucks, school buses, refuse vehicles and terminal tractors.