VW Truck & Bus to be Renamed TRATON GROUP
Volkswagen Truck & Bus revealed to its Top Management that the organization will be renamed into TRATON GROUP. This new branding is another milestone on 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 a young company designed for and born in a new era of transportation:
- TRAnsformation of the ecosystem transport is our mission – for everyone's benefit.
- TRAnsportation is our and our customer’s passion.
- TONnage is what our customers are moving around the world, every day.
- TRAdition of our strong brands is what is grounding us.
- Always “ON” is the ultimate goal of our customers and our attitude in order to make everything possible for them.
TRATON goes along with our joint values: determination, integrity, respect, customer focus and team spirit said the press release. The strong, traditional brands MAN, Scania, Volkswagen Caminhões e Ônibus and RIO will retain their own identities under the umbrella brand of TRATON GROUP.
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.”
The official name change is expected to be effective by Q3 2018.