VW’s Traton gets 2018 profit boost from Brazil, higher sales
FRANKFURT: Volkswagen’s truck and bus division increased its adjusted full-year operating profit last year by 13 percent thanks to a Brazilian market recovery, efficiency measures at MAN and a rise in vehicle deliveries.
Traton said on Monday it expects a return on sales of between 6.5 percent and 7.5 percent in 2019 as well as a slight increase in revenue and vehicle deliveries adding that an efficiency and cost cutting drive at MAN will continue.
By Edward Taylor via Channel NewsAsia