Volkswagen’s spinoff commercial vehicle business, Traton has achieved a sharp 43 per cent year-on-year increase in its overall sales volumes in 2021, despite the continuing influence of the COVID-19 pandemic and the difficulties in the […]
It’s a corporate drama that has more twists than a Robert Ludlum novel, but Volkswagen’s commercial vehicle subsidiary Traton has seen yet another boardroom revolution, with its CEO Matthias Gründler and CFO Christian Schulz suddenly […]
Volkswagen truck operation, Traton says it is facing “severe difficulties” in buying semiconductors that are weighing on sales at a time when demand is rising, revealing the latest sign of how the global chip shortage is […]
German Truck and bus maker, MAN is enduring troubled times as the company is suffering low earnings, pressure from its parent company and the need to urgently transform to zero emission powertrains Not surprisingly, given […]
Traton boss Matthias Gründler has said that the Group’s upcoming 13 litre Common Base Engine will be the last conventional power plant developed by the Group and its brands, as the company pivots to electrification. […]
Traton has at last finalised its take-over of Navistar, with the certificate of merger submitted last week, signalling that the merger of the US commercial vehicle manufacturer with the German based Traton is now complete. […]
The resignation of Scania CEO, Henrik Henriksson, has seen the company’s board appoint Christian Levin as the new head of the Swedish truck maker, effective 1st May. In a statement from the company it announced […]
VW Traton’s Swedish truck maker, Scania, has announced it has acquired Chinese truck company with the intention of manufacturing vehicles in the world’s biggest auto market. Scania has acquired Nantong Gaokai based in China’s eastern […]
Traton has announced it has agreed to raise its takeover bid for Navistar International to $US44.50 per share up from its earlier bid of $US43, and indicated it may be closing in on the protracted […]
Navistar International has fired back and rejected the revised takeover bid offer made by Traton late last week, saying that the US$43 per share proposal ‘significantly undervalues the Navistar’. However, while rejecting the increased offer […]
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