Traton Group expands financial services and reports Q3 results

Scania Finance in Peru is transitioning to Traton Financial Services Peru S.A. as part of a global strategy by the Traton Group to unify its financial services. This structural change aims to integrate financing, leasing, insurance, and mobility solutions into a single support platform. The transition is intended to optimize funding access in international and local markets, improve operational efficiency, and drive innovation in the heavy transport automotive sector while maintaining existing contracts and commercial teams.

Separately, Traton CEO Christian Levin reported stable third-quarter performance for Scania despite geopolitical uncertainty and rising fuel costs. While truck deliveries were slightly higher than the previous year, Levin noted that order declines occurred in Europe and Latin America. He highlighted that while battery-electric vehicle (BEV) truck orders are increasing in Europe, the pace of adoption remains slower than required for the ecosystem. The company also noted challenges in the bus and coach sector due to lower order intake.