Traton Q2 Profits Rise 4.4% Despite Navistar’s Mirror Woes
Traton’s profits rose in Q2 2024 as higher prices and South American demand trumped a slump in truck sales for Navistar’s International Trucks brand due to a shortage of mirrors.
Truck Mirror Shortage Hinders Navistar Second-Quarter Sales
Navistar truck and bus sales in the second quarter of 2024 slumped 31% year-over-year, partly as a result of a shortage of truck mirrors, parent company Traton said July 10.
Volkswagen Reported to Eye Traton Stock Sale
Volkswagen AG is exploring the sale of as much as $1.1 billion of stock in Traton SE, taking advantage of the truck maker’s surging price to increase the number of shares available for trading.
May 13, 2024Traton Profits Rise on Higher Prices, 'Favorable' Markets
Profits for global truck manufacturer Traton rose in the first quarter on momentum from favorable market conditions and higher prices, including for the International Trucks brand.
Traton Maintains Battery-Electric Decarbonization Focus
Navistar parent company Traton is standing firm in its belief that battery-electric trucks are the best alternative for trucking fleets looking to decarbonize their operations.
Traton Q4 Profit Receives Boost From Higher Prices
Profits at Traton Group rose in the fourth quarter of 2023 on the back of an improved truck market globally and higher prices, the owner of U.S. Class 8 brand International said.
Truck Sales at Navistar’s International Unit Rise 9% in 2023
Sales of International-branded trucks totaled 75,500 in 2023, up 9% compared with 2022, the original equipment manufacturer’s parent company said Jan. 22.
Traton Reports Revenue Growth to $12 Billion for Q3
Traton SE experienced an increase in revenue and operating results despite market headwinds during the third quarter of 2023, the company reported Oct. 25.
Navistar Relaunches Financial Services Retail Capabilities
Truck maker Navistar announced Oct. 4 that its financial services business is reintroducing retail capabilities to serve truck and bus customers.
Traton’s Profit Jumps in Second Quarter
Traton SE’s profits soared in the second quarter of 2023 as sales jumped compared with the year-ago period, the parent company of Navistar said July 26.