Meritor shares headed toward 24-year high after Cummins buys axle, braking and powertrain maker for $3.7 billion

Shares of Meritor Inc., a maker of axle, braking and electric powertrain components, were headed toward a 24-year high Tuesday, after the company announced a deal to be acquired by diesel truck engine...

Cummins Is Buying Parts Maker Meritor. It’s a Deal About EV Trucks.

Text size Cummins is best known for its diesel engines, but it is also investing in electric powertrains and hydrogen technology. Dreamstime The diesel-engine manufacturer Cummins disclosed plans to b...