Meritor Announces Collaboration with PACCAR on U.S. Department of Energy (DOE) SuperTruck 3 Program

Rhea-AI Summary

Meritor, Inc. (NYSE: MTOR) announced its collaboration with PACCAR on the SuperTruck 3 program, aimed at developing zero-emission battery electric drivetrain technology. This initiative will focus on electrifying medium- and heavy-duty freight trucks, enhancing vehicle efficiency, and expanding electric vehicle infrastructure. Tim Bowes, Meritor's senior vice president, expressed pride in contributing to the SuperTruck program. The partnership aligns with PACCAR's goal to lead in zero-emission trucks, leveraging Meritor's Blue Horizon™ technology for future electric powertrains.

Positive

• Partnership with PACCAR enhances Meritor's position in the electric vehicle market.
• Focus on electrification aligns with growing market demand for zero-emission vehicles.
• Involvement in SuperTruck 3 supports innovation in medium- and heavy-duty freight trucking.

Negative

• None.

TROY, Mich., Nov. 17, 2021 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced plans to provide zero emission battery electric drivetrain technology to PACCAR for the SuperTruck 3 program.  

SuperTruck 3 will fund projects to electrify medium- and heavy-duty freight trucks. Additional investment will boost vehicle efficiency and expand EV Infrastructure.

"We are excited to be working on the SuperTruck program again and proud of our contribution in each of the previous two initiatives," said Tim Bowes, senior vice president and president, Electrification, Industrial and North America Aftermarket, Meritor. "As part of the project, Meritor Blue Horizon™ technology will be utilized to develop the next generation of electric powertrains for commercial vehicles."

"PACCAR is pleased to work with Meritor on the SuperTruck 3 program to extend our leadership in zero emission trucks," said John Rich, PACCAR senior chief technology officer.

About Meritor
Meritor, Inc. is a leading global supplier of drivetrain, mobility, braking and aftermarket solutions for commercial vehicle and industrial markets. With a more than 100-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 9,600 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.

 

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SOURCE Meritor, Inc.

FAQ

What is the significance of Meritor's collaboration with PACCAR on SuperTruck 3?

The collaboration aims to develop zero-emission battery electric drivetrain technology for medium- and heavy-duty trucks, enhancing vehicle efficiency and EV infrastructure.

When was the press release about Meritor's SuperTruck 3 program published?

The press release was published on November 17, 2021.

What technology will Meritor provide for the SuperTruck 3 program?

Meritor will utilize its Blue Horizon™ technology to develop next-generation electric powertrains.

How does the SuperTruck 3 program align with industry trends?

It addresses the increasing demand for zero-emission vehicles in the freight trucking industry.

What is Meritor's stock symbol?

Meritor is traded on the NYSE under the stock symbol MTOR.