By Amir Orusov (Reuters) -German truck maker Traton reported on Wednesday a 1% increase in second-quarter deliveries year on year despite ongoing uncertainty over U.S. import tariffs. The Volkswagen subsidiary said its international motors division saw a 10% increase in sales to 17,600 vehicles following a fire at a supplier’s plant in the prior-year quarter. […]
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Traton posts slight increase in Q2 deliveries but US tariffs weigh
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By Amir Orusov
(Reuters) -German truck maker Traton reported on Wednesday a 1% increase in second-quarter deliveries year on year despite ongoing uncertainty over U.S. import tariffs.
The Volkswagen subsidiary said its international motors division saw a 10% increase in sales to 17,600 vehicles following a fire at a supplier’s plant in the prior-year quarter.
“The U.S. market faces ongoing uncertainty regarding the impact of import tariffs and the economic outlook,” a statement said, adding that half-year sales in that unit had fallen by 2%.
Shares in Traton were up 2.4% at 1028 GMT.
Fabio Hoelscher, a Warburg Research analyst, said the volumes at Traton’s most important segments, Scania and MAN, were ahead of estimates and rose sequentially.
However, Traton’s commentary from the second-quarter pre-close call continues to suggest a weaker third quarter and the guidance remains rather optimistic in current conditions, Hoelscher added.
German carmakers are pushing for a deal with President Donald Trump to replace a hefty 25% tariff on car and car part imports to the United States that is weighing on demand in their key market.
(Reporting by Amir Orusov, editing by Rachel More)