Meritor said the deal is helping to increase the value of its Blue Horizon brand, which represents its new platform for advanced electrification technologies. About MeritorMeritor, Inc. is a global leader in propulsion, mobility, braking and after-sales solutions for the commercial and industrial vehicle markets. With more than 110 years of heritage of providing innovative products offering superior performance, efficiency and reliability, the company serves commercial trucks, trailers, off-highway, defense, specialty and aftermarket worldwide. Based in Troy, Mich., USA, Meritor consists of approximately 9,100 different employees who use their knowledge and skills in production sites, engineering centers, joint ventures, distribution centers and global branches in 19 countries. Meritor common shares are traded on the New York Stock Exchange under the symbol of ticker MTOR. For more information, please visit the company`s website at www.meritor.com. Media requests: Krista Sohm, (248) 435-7115, email@example.com; Investor applications: Todd Chirillo, (248) 435-1571, firstname.lastname@example.org non-exclusive agreement includes Kenworth T680, Peterbilt 570 battery electric vehicles from early 2021. „Peterbilt is a leader in electrification, and this agreement with Meritor is just another example of our commitment to battery electric vehicles.
With this announcement, we have blocked suppliers for all of our battery electric model configurations,“ says Jason Skoog, Vice President of PACCAR and Peterbilt General Manager. View original content for multimedia download:www.prnewswire.com/news-releases/meritor-awarded-paccar-business-for-battery-electric-refuse-and-heavy-duty-vehicles-300995718.html B-Level Compliance or Phase 2 of the initiative effective January 1, 2021, the amount of copper does not exceed 5% by weight. Other material boundaries remain unchanged. By January 2025, the copper limit for compliance at N-level will fall to 0.5%, or half of 1%. The agreement also requires participants to take steps to inform the automotive and heavy goods industries about the changes and contains guidelines on labelling and labelling of packaging and friction material products. The non-exclusive delivery agreement for the Kenworth T680 and Peterbilt 579 and 520 electric waste and heavy chassis follows a year of prototype and demonstration vehicles built with Transportation Power Inc., including a one-year test version with Werner Systems Inc. (NYSE: WERN). TROY, Mich., January 30, 2020 /PRNewswire/ — Meritor, Inc. (NYSE: MTOR) announced today that it has entered into an agreement with PACCAR regarding the non-exclusive supplier of electric motors for its Kenworth T680 and Peterbilt 579 and 520 battery electric vehicles.