Politics
VW’s Overhaul Puts Truckmaker Stake in Focus as Sell-Down Looms
Key Points
VW’s Overhaul Puts Truckmaker Stake in Focus as Sell-Down Looms Volkswagen AG’s push to cut costs is spilling over to truckmaker Traton SE, where the German company is also preparing to reduce a majority stake currently worth €16.6 billion ($19.1 billion). “We feel increased pressure to be incredibly careful with money, with costs, with investments,” Traton Chief Executive Christian Levin said in an interview. “That pressure has increased, I can say, from the main owner.”
VW’s Overhaul Puts Truckmaker Stake in Focus as Sell-Down Looms
Volkswagen AG’s push to cut costs is spilling over to truckmaker Traton SE, where the German company is also preparing to reduce a majority stake currently worth €16.6 billion ($19.1 billion).
“We feel increased pressure to be incredibly careful with money, with costs, with investments,” Traton Chief Executive Christian Levin said in an interview. “That pressure has increased, I can say, from the main owner.”