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preCharge News BUSINESS — Shares of Traton, the truck- and bus-maker majority owned by Germany’s Volkswagen, popped 7.3% in morning deals after the company reported lower quarterly sales but a growing order book.

Traton’s sales revenue in the first quarter declined 10% year on year to 646 million euros ($732.8 million), while incoming orders rose 12% to 74,300 vehicles.

Traton SE Market data

Truck sales in the U.S. fell, which it attributed to “cautious buyers in an uncertain economic environment.”

The company said it “got off to a slow start to 2025, yet expects an improved business performance in the second half of the year due to a renewed increase in incoming orders.” It also reaffirmed its full-year outlook.

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Associated Press, CNBC News, Fox News, and preCharge News contributed to this report.