Volkswagen AG’s Traton truck-making division echoed competitors in warning it’s “intensively” preparing for a much more difficult environment next year.
While the manufacturer confirmed guidance for this year and reported nine-month unit sales rose 8% to 179,100 vehicles, it said orders have dropped 6%, according to a statement Monday. The gloomier outlook for trucks was flagged last week when VW reported earnings.
VW, the world’s largest automaker, pushed through Traton’s stock market debut this year to fuel an ambitious global expansion outside its main European market. The truckmaker makes Sweden’s Scania and Germany’s MAN brands as well as having a subsidiary in Brazil.
Investors have remained cautious so far about Traton’s prospects, with some analysts favoring Swedish peer Volvo following a successful restructuring in recent years.