The long-term loan will support research and development for Traton’s global cross-brand modular platform TMS<\/p>\n
Commercial vehicle manufacturer Traton SE and the European Investment Bank (EIB) have signed a \u20ac500m loan agreement to support research and development for the Traton Modular System (TMS), a global cross-brand modular platform designed to harmonise vehicle development and production across the company\u2019s brands. The long-term loan at favourable terms will fund development of the platform, which is intended to promote scalability, cost efficiency and flexibility while supporting Traton\u2019s innovation and sustainability initiatives.<\/p>\n
The TMS platform enables Traton\u2019s brands to adapt and scale operations to meet diverse customer requirements. The funding is intended to drive transformation of Europe\u2019s heavy-duty vehicles sector and support European Green Deal objectives, including carbon reduction targets for transport manufacturers.<\/p>\n
In a statement, Dr Michael Jackstein, Chief Financial Officer and Chief Human Resources Officer of Traton, said: \u201cThe partnership with the European Investment Bank is a major milestone in Traton\u2019s financial strategy and underlines our strategic direction and innovative strength. By further diversifying our financing access, we are ensuring the financial stability and flexibility needed to drive innovation and support our customers throughout the industry\u2019s transition to a more electrified and sustainable future.\u201d<\/p>\n
Nicola Beer, Vice President of the EIB, added: \u201cInvesting in sustainable mobility and cutting-edge digitalisation is vital for Europe\u2019s long-term competitiveness. By financing industry leaders like Traton, the EIB ensures that European innovation translates into real-world impact\u2014creating high-quality jobs, reinforcing resilient supply chains, and driving the continent\u2019s leadership in the green transition.\u201d<\/p>\n