BREAKING NEWS

BREAKING NEWS

VW says Traton IPO good idea but current environment is quite challenging

VW says Traton IPO good idea but current environment is quite challenging
FILE PHOTO: A Volkswagen badge on a production line at the Volkswagen plant in Wolfsburg, Germany, March 1, 2019. REUTERS/Fabian Bimmer/File Photo -
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Fabian Bimmer(Reuters)
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WOLFSBURG, Germany (Reuters) - Volkswagen's Chief Financial Officer Frank Witter said the board unanimously backed the idea of listing the company's trucks division but warned that markets remain volatile.

"We need to assess our plan versus the market place. The current environment is quite challenging," Witter told analysts in Wolfsburg, Germany on Tuesday.

Volkswagen has said it will announce in the coming days whether or not to list its trucks division, which includes MAN, Scania and Volkswagen trucks business.

(Reporting by Edward Taylor; editing by Thomas Seythal)

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