Traton
Traton SE Replaces CEO, Chief Financial Officer
Traton Group
Traton SE named Christian Levin CEO. He succeeds Matthias Gründler, who left the company.
October 4, 2021VW’s Traton Flags Significant Sales Hit From Chip Shortage
The new Infineon Technologies AG chip factory in Villach, Austria. (Akos Stiller/Bloomberg News)
Volkswagen AG’s truck division Traton SE became the latest manufacturer to warn the global shortage of semiconductors is jeopardizing deliveries.
September 22, 2021Traton Names New Navistar CEO, CFO; Fills Other Key Posts
Navistar International headquarters in Lisle, Ill. Munich-basedTraton Group completed the acquisition of the truck maker in July. (Christopher Dilts/Bloomberg News)
Traton SE, whose purchase of Navistar International Corp. closed in July, announced a new CEO and chief financial officer for the American truck maker as it added executives who played key roles in the merger.
August 25, 2021Navistar Merges With Traton Group in $3.7 Billion Deal
Matthias Gründler (left) and Persio Lisboa. (Traton)
Navistar International Corp. announced it merged with Munich-based Traton Group in a transaction valued at $3.7 billion, finalizing a strategic alliance launched in 2017.
July 1, 2021Navistar, Traton SE Merger Set to Take Effect
A Navistar International HX Series truck at the company's headquarters in Illinois. (Christopher Dilts/Bloomberg News)
Navistar International Corp. announced it received all regulatory approvals necessary to proceed with the previously announced merger with Dusk Inc., a wholly owned indirect subsidiary of Traton SE. The deal is expected to close today.
June 30, 2021Volkswagen AG Names First Female Labor Leader
A VW showroom. (Liesa Johannssen-Koppitz/Bloomberg News)
Volkswagen AG’s powerful works council picked its first female leader to succeed Bernd Osterloh, 64, who will take over as personnel chief at the German industrial giant’s Traton SE trucks division next month.
April 23, 2021VW’s Traton to Build China Truck Factory in Expansion Push
The shell of a driver's cabin is carried along the production line at Scania's factory in Sweden. (Mikael Sjoberg/Bloomberg News)
Traton SE is stepping up expansion plans in China after Volkswagen AG’s truck division hammered out a deal to acquire Navistar International Corp. to boost its presence in North America.
November 25, 2020VW Poised to Sign Off on $3.7 Billion Navistar Deal
International trucks sit parked in a lot outside a Navistar facility in Melrose Park, Ill. (Scott Olson/Getty Images)
Volkswagen AG’s board is preparing to sign off on its heavy-truck unit Traton SE acquiring U.S. manufacturer Navistar International Corp., according to people familiar with the matter.
November 6, 2020VW’s Traton, Toyota’s Hino to Collaborate on Electrification
Hino Motors autonomous trucks travel in convoy during a demonstration on a test track in Japan in May 2018. (Kiyoshi Ota/Bloomberg News)
Volkswagen AG and Toyota Motor Corp.’s truck subsidiaries are joining forces on battery-electric and fuel cell vehicles, enabling the companies to split the costs of developing technology needed to comply with stricter emission rules.
October 28, 2020Analysts View Traton, Navistar Deal as Win-Win
Navistar reported a near 50% decline in truck sales in the third quarter. (Navistar)
Navistar International Corp. is on the verge of becoming a subsidiary of German truck maker Traton SE, a step analysts said is a positive development for both companies.
October 20, 2020