) announced the launch of two new product series - Meritor AllFit
and Meritor Green. These broad product offerings are expected to
meet the rising demand for new products and address the end-users
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Meritor AllFit will be a part of Meritor all-makes family,
whereas Meritor Green will be a Meritor remanufactured offering.
A remanufactured product of the company provides customers same
utility compared with the new one at lower cost.
Recently, the company also announced the launch of Meritor shock
absorbers, Meritor suspension controls and Meritor all-makes
drivetrain. These will be sold under Meritor AllFit series.
The shock absorber provides greater control to the driver and
cargo and is produced in the ISO-certified American facility. It
is set to replace the previous Gabriel shock absorbers, which was
marketed by all the North American warehouse distributors and OEM
The shock absorbers are best suitable for Class 6-8 line haul
trucks, trailers and key vocational segments like fire and
rescue, delivery vehicles, school buses, and municipal vehicles.
Their robust design together with advanced sealing system, and
premium hydraulic fluid reduce excessive misting, extending the
life of the product.
The shock absorbers are available in three different models
including cab shocks, standard duty shocks and premium adjustable
shocks. Cab shock provides maximum driving comfort by isolating
cab from the vehicle's frame. Standard duty ensures longevity on
the road and premium adjustable shocks provides a variety of ride
preferences with three settings - regular, firm and extra firm.
Headquartered in Troy, Michigan; Meritor is a global automotive
parts manufacturer and supplier to various customers in North
America, Europe and other parts of the world. The company
operates manufacturing facilities in North America, South
America, Europe and Asia-Pacific. Some of its big customers
Meritor reported adjusted earnings per share of 32 cents in the
fourth quarter of 2012, down 28.9% from 45 cents in the year-ago
quarter. However, earnings outpaced the Zacks Consensus Estimate
by 14 cents. The year-over-year fall was attributable to lower
earnings from unconsolidated affiliates resulting from a decline
in sales volume in the respective markets.
Revenues decreased 19% to $986 million in the quarter, missing
the Zacks Consensus Estimate of $1 billion. The decline was due
to lower sales volumes in global markets and adverse impacts of
currency translation. Currently, the company retains a Zacks Rank