Better profitability and growth in the service business lifted the seasonally weak third quarter for bus and truck manufacturer Scania. “This is one of the best third quarters we’ve ever had,” CEO Christian Levin tells TT. And Scania’s boss is not worried about increasingly tough competition from China.
CarsTruck manufacturer Scania is accelerating its plans to produce electric trucks at a new factory in Rugao, China. The decision comes as diesel prices hit record highs.
CarsThe truck manufacturer Scania does not see itself as the actor that should rescue the bankrupt Northvolt factory in Skellefteå or the development operations in Västerås from closure. Our role is primarily to be a customer, says Scania's CEO Christian Levin.
CarsScania owner Traton – Volkswagen's truck subsidiary – is lowering its forecast for North America due to the Trump administration's tariffs. At the subsidiary International's factory in Mexico, a shift has just been cancelled. 900 people have had to leave the company, says Traton CEO Christian Levin.
CarsIt was a thumbs up from the market after Scania-owner Traton's report for the first quarter. The share is rising by almost 5 percent, despite a loss and a significant slowdown when it comes to sales, both in terms of the number of vehicles and in kronor.
CarsThe Scania CEO Christian Levin is worried about the geopolitical crisis in the wake of the Trump administration's takeover. But signals that Europe – with Germany at the forefront – is facing massive investments in defense and infrastructure could put money in the coffers for both Scania and the German parent company Traton.
CarsRecord production and deliveries and a significant profit increase characterize the third quarter for truck manufacturer Scania. However, order intake points sharply downward. We are looking at the best way to help them, says CEO Christian Levin about battery supplier Nortvholts' crisis.
BusinessScania achieves its best operating result ever for a single quarter, but at the same time, one can see how customers on the European market are waiting to replace their truck fleets. Many are choosing to wait because they expect interest rates to fall, says Scania's CEO and President Christian Levin.
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