Volkswagen AG is reportedly preparing to reduce its majority stake in truckmaker Traton SE, currently valued at €16.6 billion, as part of a broader push to cut costs.

Traton SE announced its first-quarter results, detailing its financial performance for the period.

Traton, the commercial vehicle manufacturer, announced a 6% decrease in sales during its first quarter. The report highlights the company's performance challenges in the recent period.

Traton SE reported Q2 GAAP EPS of €1.42 and revenue of €11.76B, while UPM-Kymmene's non-GAAP EPS was €0.67 with revenue of €4.78B. Both companies showed improved financial performance for the quarter.

Truck manufacturer Scania's owner, Traton, reported an adjusted operating profit of 582 million euros for the first quarter, a 10% drop from the previous year but still better than expected.

MDA Space announced Non-GAAP EPS of C$0.45 and revenue of C$499.1 million, surpassing expectations, and provided its financial outlook for fiscal year 2026.

Excavations at the Stratonikeia Ancient City in Türkiye, known as the “City of Gladiators,” have uncovered that approximately one-third of all artifacts found belong to the Turkish period. This highlights the site's long and diverse historical layers.

Traton reported a 6% decline in truck deliveries during the first quarter, primarily attributed to persistent weakness in the US market.

Truckmaker Traton has provided a cautious profit outlook for 2026, suggesting a conservative forecast for its future financial performance.