Trato Full-Year Report 2023

Highlights

In 2023, the TRATON GROUP recorded tremendous progress in the field of electric mobility and at the same time further implemented its TRATON Way Forward strategy, which charts a course for the Company’s future success.

The Company’s Supervisory Board made key decisions in mid-March aimed at implementing its corporate strategy even more systematically. To this end, the contract with Christian Levin, Chief Executive Officer and Chairman of the Executive Board, was extended by five years until January 2029, and the contract with TRATON Executive Board member Antonio Roberto Cortes, Chief Executive Officer of Volkswagen Truck & Bus, was extended by three years until January 2027.

In addition, the newly created Global Product Management area of responsibility at the Executive Board level has been designed to safeguard the heart of the TRATON GROUP’s business model.

The TRATON GROUP made an important step on its journey to establishing a global captive and integrated financial services business at the mid-year point. It signed a framework agreement on the gradual acquisition of key aspects of the global MAN and Volkswagen Truck & Bus (VWTB) Financial Services businesses.

The scope of the transaction includes the sale and transfer of rights to provide financial solutions to MAN and VWTB customers.

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