Traton Group is thankful it acquired Navistar International when it did. The U.S. brand is providing cover as Traton deals with the uncertainties of the war in Ukraine and restructuring of its MAN Truck & Bus subsidiary.
Munich-based Traton reported a 17% increase in incoming orders and a 12% increase in sales in Q1. Revenue grew 39% to 8.5 billion euros ($8.96 billion).
“It’s hard to imagine a more challenging economic environment,” Christian Levin, Traton CEO, said in a press release. “The...
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