Volkswagen recesses plans of captivating truck unit public

Barely short of one year back, at that point Volkswagen Truck and Bus reported a name change to Traton Group – a move that was to a great extent observed as a forerunner for the organization turning into a traded on an open market substance autonomous of its Volkswagen parent. Referring to financial conditions, Volkswagen says it will presently set such a clear out for later. “In the present market condition, Volkswagen chose not to proceed with the readiness of an IPO of TRATON SE for the present,” the organization said by means of discharge. “The Board of Management is as yet going for an IPO of the TRATON SE once economic situations improve.”

Traton is the umbrella organization for MAN, Scania, Volkswagen Caminhões e Ônibus and RIO and possesses an about 17 percent stake in Navistar, parent organization of International Trucks.

While the worldwide car showcase is set for a moderate begin, the U.S. truck advertise is new off a record 2018. Numerous OEM manufacture spaces are reserved strong for 2019 with constrained deals openings open for the rest of the year. That has smothered request consumption this year, a pattern that is probably going to trudge along until barricades begin opening again in 2020.