Traton Group, (CXE: 8TRA) the holding company for Volkswagen AG’s truck and bus businesses, urged a European “cash for clunkers” program to boost new truck purchases after reporting lower sales, earnings and orders in the first quarter on Monday.
“What Europe needs right now are investment incentives for the environmentally friendly modernization of truck fleets as a means to overcome the crisis in this system-critical sector,” said Andreas Renschler, Traton CEO and member of the VW Board of...
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