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.
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 Navistar Financial for USA.
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).
Will be the year of delivery.
