Volkswagen Truck & Bus to become TRATON GROUP

By MEq June 25, 2018 20:03

Volkswagen Truck & Bus has revealed to its Top Management that the organization will be renamed into TRATON GROUP. This new branding is another milestone in the Group’s way to increase independence even further and towards capital market readiness.

Andreas Renschler, Chief Executive Officer of Volkswagen Truck & Bus Group and member of the Board of Management of Volkswagen AG, said: “The new name TRATON is a major milestone on our road to become Global Champion of the transportation industry. Since our foundation, we have grown together faster than expected. TRATON provides us with more independence. It will further strengthen our Group’s joint identity and uniqueness. The new name will also foster our visibility as the leading Group for innovative transportation solutions. It will increase our attractiveness for new talents as well as for capital markets.”

TRATON reflects the Group’s DNA: what the company is striving for and how it is acting. The name stands for: TRAnsformation, TRAnsportation, TONnage, and TRAdition. The strong, traditional brands MAN, Scania, Volkswagen Caminhões e Ônibus and RIO will retain their own identities under the umbrella brand of TRATON GROUP. The official name change is expected to be effective by Q3 2018.

The transportation sector is facing major changes due to increasing transportation volumes, higher emission standards and customer demand for efficient, sustainable and competitive solutions. TRATON combines the agility and spirit of a start-up with the extensive experience of traditional brands. With this unique set-up, the Group is perfectly positioned to re-invent transportation for future generations.

Hans-Dieter Pötsch, Head of Volkswagen AG’s and Volkswagen Truck & Bus’ Supervisory Boards: “The Supervisory Board fully supports the ambitious plans of Volkswagen Truck & Bus and the Group’s move towards a unique identity. This will reinforce our truck business on their way to capital market readiness.”