Meritor WABCO Forms Strategic Alliance With Takata; Broadens Portfolio Of Active Safety Systems Offerings
DALLAS, Oct. 17, 2011 /PRNewswire/ -- Meritor WABCO Vehicle Control Systems and Takata Corp.'s U.S. subsidiary, TK Holdings, Inc., have signed a letter of intent to establish a strategic alliance in which the companies will work together to develop new active safety systems products for North American commercial vehicles.
The alliance was announced at the American Trucking Associations Management Conference & Exhibition.
Under this agreement, Meritor WABCO will market and distribute Takata's SafeTrak® lane departure warning systems – Truck Interface Module (TIM) and Fleet Management Portal.
"Takata's products perfectly complement and enhance our current active safety systems such as OnGuard™ and SmartTrack™," said Jon Morrison, president, Meritor WABCO. "We're confident our customers will appreciate and embrace still another progressive step in our Pyramid of Safety."
An added bonus to end users will be extensive, yet streamlined data management capability to contribute to smarter fleet safety management. Takata's Lane Departure Warning (LDW) system is designed to assist a driver in avoiding an unintentional departure from a lane or the road by providing warnings to the driver when certain events occur. Distracted or sleepy drivers contribute heavily to this type of incident. This new product complements Takata's other electronic products, which include collision sensors, Electronic Control Units (ECU), Occupant Classification Systems and other safety related electronics. About Takata Takata Corp. is a global leader in passive and active safety systems. Its customers include nearly every automotive manufacturer and several Tier One suppliers. Its technology features a strong emphasis on safety restraint systems, air bags, safety electronics, interior trim, and special fabrics and textile materials. Takata's worldwide sales approach $5 billion annually, with the company operating 46 manufacturing locations in 17 countries, and 11 research and development locations on three continents. Takata employs about 35,000 people globally, with more than 18,500 in North America. About Meritor WABCO Meritor WABCO is a joint venture of Meritor, Inc. (NYSE: MTOR) and the WABCO Automotive Control Systems, Inc., a wholly-owned subsidiary of WABCO Holdings, Inc. The company is a leading supplier of a complete braking system including braking systems and controls, active safety systems and suspension and control systems for commercial vehicles in North America. For more information, visit meritorwabco.com. About Meritor Meritor, Inc. is a leading global supplier of drivetrain, mobility, braking and aftermarket solutions for commercial vehicle and industrial markets. With more than a 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 in more than 70 countries. Based in Troy, Mich., more than 11,000 employees are located in manufacturing facilities, engineering centers, joint ventures, distribution centers and global offices worldwide. Meritor common stock is traded on the New York Stock Exchange under the ticker symbol MTOR. For important information, visit the company's web site at meritor.com. About WABCO Holdings WABCO (NYSE: WBC) is a leading global supplier of technologies and control systems for the safety and efficiency of commercial vehicles. For over 140 years, WABCO has pioneered breakthrough electronic, mechanical and mechatronic technologies for braking, stability and transmission automation systems supplied to the world's leading commercial truck, trailer and bus manufacturers. With sales of $2.2 billion in 2010, WABCO is headquartered in Brussels, Belgium. For more information, visit www.wabco-auto.com (Logo: http://photos.prnewswire.com/prnh/20110330/DE73783LOGO ) SOURCE Meritor WABCO
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
