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TRATON Financial Services

What is TRATON Financial Services

TRATON Financial Services is a global multi-brand captive finance provider. Services include financing for customers, dealers, and distributors as well as insurance solutions and additional services. By this, TRATON Financial Services supports transforming transportation.

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Enabling future mobility

The transportation industry is under heavy disruption: Financial services are more important than ever to meet evolving customer demands. As TRATON’s captive and integrated financial services provider, we strive to make sustainable transportation a reality — through industry expertise, integrated solutions and passionate people. TRATON Financial Services is best positioned to fulfill this mission by leveraging synergies globally and drawing on the years of experience and close customer relationships of our brands. Together, we are transforming transportation for a sustainable future.

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Our purpose, mission 
& vision

  • TRATON Financial Services has the ambition to be the leading global commercial vehicle financial services firm.

    Our purpose: Transforming transportation together. For a sustainable world.

    Our mission: To make sustainable transportation a reality — through industry expertise, integrated solutions, and passionate people.

    Our vision: To be the leading partner for future transportation solutions

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Our operations

  • The new organization plans to operate across six continents with four brands:

    - Scania Financial Services

    - MAN Financial Services

    - International Financial

    - Volkswagen Truck & Bus Financial Services

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Our long-term plan

  • The ramp-up of TRATON Financial Services is carried out in three overarching steps.

    Short-term foundation (completed April 2023): “Lift and shift” of Scania Financial Services business to lay the foundation of TRATON Financial Services.

    Medium-term transformation (2 years up to 2025): Rollout of TRATON Financial Services in 12 markets (MAN/Volkswagen Truck & Bus) to expand the global coverage. International Financial structuring.

    Long-term target (5+ years): Target operating model including head office setup, local setup and governance. Enabling future business models.

  1. 2022

    Jan. 31: Establishment of TRATON Financial Services (TFS) being announced

    Apr. 1: Johan Haeggman started as CEO from newly created TFS AB.

    “Lift & Shift” of Scania Financial Services (SFS) into TFS being prepared

    Negotiations started with Volkswagen Financial Services (VWFS) and Porsche Bank to transfer responsibility for MAN and Volkswagen Truck & Bus in several markets.

    Project started to prepare re-start of International Financial (formerly Navistar Financial) for USA.

  2. 2023

    Q1: New organizational structure and Target Operating Model (TOM) being designed

    Apr. 1: Transfer of SFS from Scania CV AB into TFS executed

    Jun. 30: First separate reporting of TFS in TRATON’s half year reporting

    Jul. 12: Master Agreement with VWFS signed to transfer 14 markets into TFS before 2025.

    Q3: Day 1 readiness Workshops being held in all Fore Runner markets

    Aug. 1: South Africa first market for TFS to serve MAN

    Sep. 1: Central PMO function established to allow successful execution.

    Q3/Q4: All remaining 13 Project One countries started with different workshops.

    Q3/Q4: First deals facilitated in “White Spot Countries” (Peru, Georgia).

  3. 2024

    Will be the year of delivery.

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    • Purpose_Mission_Vision

      Purpose_Mission_Vision

    • Date: 2024-04-08

      TRATON Financial Services

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    • Johan Haeggman

      Johan Haeggman, CEO TRATON FINANCIAL SERVICES

    • Date: 2023-04-05

      TRATON Financial Services

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    • Logo TRATON FINANCIAL SERVICES

      Logo TRATON FINANCIAL SERVICES

    • Date: 2023-03-29

      TRATON Financial Services

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    • TRATON FINANCIAL SERVICES logo (black)

      TRATON FINANCIAL SERVICES logo (black)

    • Date: 2023-03-27

      TRATON Financial Services

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