Tag Asbestos

Meritor has taken an investment stake in SEA Electric for electric commercial-vehicles

Meritor Continues with Plan to Resolve Asbestos Liabilities

TROY, Mich., Jan. 22, 2019 /PRNewswire/ — Meritor, Inc. today announced that Maremont Corporation (“Maremont”), a non-operating subsidiary of Meritor, and Maremont’s three wholly-owned, non-operating subsidiaries, Maremont Exhaust Products, Inc., AVM, Inc., and Former Ride Control Operating Company, Inc. (collectively, the “Debtors”), have…

$18.5 million asbestos

Bendix-related Liabilities Hurting Honeywell

Honeywell, which sold Bendix in 2014, has had to revise its estimates for its Bendix-related asbestos liabilities. According to Reuters, The industrial conglomerate’s revised estimate for asbestos-related liabilities was $2.61 billion as of end-2017, some $1.09 billion higher than a…