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Head of VW’s Truck division Traton: Renschler is leaving the Board of management of VW

The head of VW’s Truck division Traton, Andreas Renschler, is leaving in mid-July, the boards of Directors of subsidiaries and the group. The Supervisory Board and the Manager have agreed, with informed Traton in the evening in Munich.

The separation success “by mutual agreement”, it said. Renschler will from 15. July no longer are part of the leadership of the parent Volkswagen.

There had already been reports about friction in the Traton-top-of-the – a retreat Renschlers within a week after the formal announcement, however, is surprising. The Traton-in-chief is now to be by Matthias Gründler replaced. This used to be came back once the head of Finance and 2018.

In addition, YOU should be chief Joachim Drees replaced. For him, the former production chief of the VW core brand, Andreas Tostmann changes, the indication is that from Wolfsburg to Munich. YOU-personal chef Carsten Intra is also set to leave the company, his tasks is to take Gründler as the new Chairman of the part. According TO Renschler, said that the Truck and bus manufacturers also resigned his post as Chairman of the Supervisory Board in the middle of this month to resign.

Traton includes in the VW group, the largest car company in the world, the heavy-duty vehicles. The brands MAN and MAN Latin America, and the Swedish manufacturer Scania. Finally, it is said to have differences of opinion given. According to reports, Renschler should have sought a more Central positioning of the development – at the expense of the individual brands. In the commercial vehicle industry devour research on new, CO2-poorer, or even CO2-free drives, a lot of money, as well as new kits for a leaner, more consistent production.

In the past year, the Truck had to be able to expand the daughters of VW still your business. Both MAN as well as Scania increased sales, operating income and return on investment. However, the Corona-crisis suppressed in the current year also here massively to the cost. There were interruptions in production, the economic slump hits especially the global commercial vehicle sector is traditionally hard.

In the United States, where Daimler has the nose, clear the front, wants to strengthen Traton with the truck manufacturer Navistar. This wrote in the past in the second quarter, but more in the red. Ex-Daimler-Manager Renschler had been placed for the remaining shares of Navistar at the end of January at $ 35 per share on the table, a total of 2.9 billion dollars. In September 2016, the division with the serious VW had entered the vehicle, in order to get to the key North American Truck market a foot in the door.

Also in the relationship between Management and the works Council, there had been in the spring, miss tones. At the beginning of April the Traton works Council chief statements Renschlers denied information about ongoing calls for a “fundamental realignment” of the Munich-based Truck maker.

Matthew Velter
Matthew Velterhttps://etrendystock.com/
With 5 years of experience as an editor, Matthew has been a crucial part of eTrendy Stock since its inception. He looks after the editing of news content published on eTrendy Stock. Apart from investing his time in editing, he also provides well-researched news articles for the U.S. niche. Mathew studied at University of central Florida.

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