The Traton Group (which is in the process of buying Navistar) announced it is investing $1.9 billion in research and development of e-mobility by 2025, and cutting its investment in traditional drivetrains.
Volkswagen AG, Traton Announce Corporate Restructuring
Effective July 15, Andreas Renschler is leaving the boards of management for both Volkswagen AG and Traton SE “by best mutual consent,” according to a press release.