Meritor, Inc. reported that it will offer new items under its product portfolio comprising different aftermarket brands with multiple price points. Introductions of these products will enable customers to choose products per their requirement, regardless of the lifecycle phase of vehicles.
Meritor’s each brand under the Aftermarket parts segment is engineering-approved and meets applicable standards for safety and robustness. Moreover, depending on price and performance, these brands are segmented into Good, Better and Best tiers.
Under the Good tier, the company offers the Mach parts brand with high-value, quality products at affordable prices whereas Better tier offers top-quality parts at more reasonable rates. The Best tier's Meritor Genuine brand delivers new vehicles and helps maintain the actual vehicular performance.
Meritor, Inc. Price and Consensus
Further, the company will expand its kingpin kits, thereby increasing its offerings under Meritor Genuine and Mach product lines.
Per management, the new brand structure will offer a broader range of products at convenient prices for customers, thus enabling them to shop the required products from a single hub and save time.
On the same day, the company also announced the introduction of Meritor-branded air springs that can be used for varied commercial vehicle applications. Manufactured with corrosion-resistant components, these air springs will reduce the maintenance cost of vehicles.
Further, this new air springs portfolio will provide increased protection from shocks and vibrations, offering smoother and less-bouncy rides to passengers in the process.
Additionally, Meritor will offer a year-long, 100,000-mile warranty coverage for these air springs.
The company regularly introduces products. It has plans to unveil 20 such items over the next three years with a primary objective to grow revenues by 20% above the market, cumulatively, and increase earnings per share by $1.25.
Some major companies in the auto space are Volkswagen AG , Allison Transmission Holdings, Inc. (ALSN - Free Report) and BMW AG (BAMXF - Free Report) .
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Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Meritor, Inc. reported that it will offer new items under its product portfolio comprising different aftermarket brands with multiple price points. Introductions of these products will enable customers to choose products per their requirement, regardless of the lifecycle phase of vehicles.
Meritor’s each brand under the Aftermarket parts segment is engineering-approved and meets applicable standards for safety and robustness. Moreover, depending on price and performance, these brands are segmented into Good, Better and Best tiers.
Under the Good tier, the company offers the Mach parts brand with high-value, quality products at affordable prices whereas Better tier offers top-quality parts at more reasonable rates. The Best tier's Meritor Genuine brand delivers new vehicles and helps maintain the actual vehicular performance.
Meritor, Inc. Price and Consensus
Further, the company will expand its kingpin kits, thereby increasing its offerings under Meritor Genuine and Mach product lines.
Per management, the new brand structure will offer a broader range of products at convenient prices for customers, thus enabling them to shop the required products from a single hub and save time.
On the same day, the company also announced the introduction of Meritor-branded air springs that can be used for varied commercial vehicle applications. Manufactured with corrosion-resistant components, these air springs will reduce the maintenance cost of vehicles.
Further, this new air springs portfolio will provide increased protection from shocks and vibrations, offering smoother and less-bouncy rides to passengers in the process.
Additionally, Meritor will offer a year-long, 100,000-mile warranty coverage for these air springs.
The company regularly introduces products. It has plans to unveil 20 such items over the next three years with a primary objective to grow revenues by 20% above the market, cumulatively, and increase earnings per share by $1.25.
Some major companies in the auto space are Volkswagen AG , Allison Transmission Holdings, Inc. (ALSN - Free Report) and BMW AG (BAMXF - Free Report) .
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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