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Traton Profit Rises on US Truck Demand

Traton reported higher nine-month adjusted operating profit driven by strong US truck demand. Net tariff costs are expected to rise further in the fourth quarter.

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A flag of Volkswagen's truck unit Traton SE is pictured at Frankfurt Stock Exchange during Traton's initial public offering (IPO) in Frankfurt, Germany, June 28, 2019. REUTERS/Ralph Orlowski

TRATON SE reported adjusted operating profit rose 13% to €2.3 billion ($2.6 billion) in the first nine months, driven by strong demand in the United States.