TROY, Mich. (May 8, 2014) — Commercial vehicle brake assembly maker Meritor Inc. has signed a licensing and technology assistance agreement with Brakes India Ltd. for the production and sale of Meritor ELSA air disc brakes in India.
The agreement, which expands on an existing licensing agreement for B-frame hydraulic disc brakes, air drum and air disc brakes, builds on the long-term cooperation between both companies in the Indian market, according to Meritor.
Financial terms were not disclosed.
More than 5 million Meritor ELSA brakes have been sold globally, Meritor said and in India, ELSA 225H air disc brakes have been operating on major fleets for several years and have gained acceptance as a cost-effective and reliable safety improvement, particularly for buses and coaches.
Titan International and the United Steelworkers union have petitioned the U.S. International Trade Commission and U.S. Department of Commerce seeking relief from OTR tire imports from China, India and Sri Lanka. What’s your opinion?
|I wholeheartedly support their action – something needs to be done.||
|I think it’s a bad idea that could inevitably tie the hands of domestic tire makers.||
|I oppose any duties against tire importers—they only raise costs for distributors and make it harder to obtain inventory.||
|I’m kind of on the fence and not sure what’s right, but need more information before deciding.||
|I don’t really care whether or not relief is granted.||
|Total votes: 78|