Traton Posts Strong Profit, Revenue Gains in Q4
Traton Group reported operating income and revenue rose sharply in 2021 compared with a year earlier, amid its strong truck and service businesses, and the integration of new U.S. subsidiary Navistar.
Navistar, MAN Executives Switch Posts Under Traton
Göran Nyberg, executive member for sales and customer solutions at MAN Truck & Bus SE, will join Navistar as executive vice president of commercial operations March 1.
February 25, 2022Traton Group Reports Sharp Gains in 2021 Sales, Orders
The Traton Group reported sharp increases in its unit sales and incoming orders for commercial vehicles in 2021 compared with 2020 despite the continuing influence of the COVID-19 pandemic and the difficulties in the supply of semiconductors.
Traton Group Reports Higher Net Income, Revenue
Traton Group, which now includes U.S.-based truck maker Navistar, reported gains in net income and revenue for its 2021 nine-month period on the strength of truck manufacturing and financial services.
Traton SE Replaces CEO, Chief Financial Officer
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
Volkswagen AG’s truck division Traton SE became the latest manufacturer to warn the global shortage of semiconductors is jeopardizing deliveries.
Traton Names New Navistar CEO, CFO; Fills Other Key Posts
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.
Navistar Merges With Traton Group in $3.7 Billion Deal
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.
Navistar, Traton SE Merger Set to Take Effect
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
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.