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

Commercial vehicle supplier Meritor Inc. announced it halted production at most of its commercial truck facilities throughout North and South America, India and Europe on a temporary basis as a result of the spread of the coronavirus.

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.

Commercial vehicle equipment supplier Meritor Inc. forecast North American Class 8 production is primed for a steep decline in 2020 on the heels of last year’s exceptional market, the strongest in 13 years.

ATLANTA — Meritor Inc. announced it expanded its electric drivetrain business and developed friction material with reduced levels of copper ahead of the regulatory deadline, launched an air disc brake package and enhanced certain axles.

Meritor Inc. reported net income rose 34.4% to $86 million, or $1 per diluted share, for its third quarter ended June 30.

Meritor Inc. announced it entered into an agreement to acquire AxleTech from an affiliate of The Carlyle Group for $175 million to accelerate global sales and growth.