Iveco Group and Tata Motors have agreed to work together to create a global commercial vehicle group with a €3.8 billion public offering.
Liviu Brăteanu
International
Foto: https://www.facebook.com/IvecoRomania
Always see our news on Google
The agreement between Iveco Group and Tata Motors aims to form a global commercial vehicle group with a diversified portfolio and extensive industrial capabilities. The voluntary public offer by Tata Motors, recommended by Iveco's board of directors, is valued at €3.8 billion and will be finalized after the separation of Iveco's defense division. The merger will create an entity with annual sales of 540,000 units and combined revenues of around €22 billion, with a significant presence in emerging markets.
Sources
Latest News
21:30
Volodymyr Zelensky stated that Ukraine was not involved in the sabotage of the Nord Stream pipeline.
21:11
Meghan Markle will no longer appear in season 3 of the Netflix series The Gentlemen
20:22
Railway traffic was temporarily halted between Simeria and Orăștie, after the discovery of improvised electrical installations.
20:02
Greece has moved a Patriot anti-aircraft battery to Crete for military defense against the risks of Iranian attacks on American installations.
19:41
Conflict at Amzei Pastry Shop: A man in a state of intoxication attempted to assault a woman, who defended herself with pepper spray.
See more news
NEWS ON THE SAME TOPICS
International
Honda and Nissan are preparing the standardization of components to reduce costs and accelerate vehicle development.
Economy
Stellantis recalls 1.3 million cars globally due to an electrical issue that may cause fires.
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
