Meritor Inc., a supplier of drivetrain, mobility, braking, aftermarket and electric powertrains, announced a raft of deals Tuesday that will make the name of its 14Xe chassis hard to ignore as it spreads throughout trucks, buses and industrial applications.
It is a big deal because Meritor (NYSE: MTOR) competes with other suppliers, including Dana Inc., BorgWarner and Eaton Corp., in pursuing a conversion of significant portions of their business aimed at internal combustion engine-driven...