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
15:12
The Vice President of Salvamont Romania raises an alarm about the personnel crisis: "8 out of 10 positions are unfilled. We have only 350 rescuers in the whole country."
15:07
Chancellor Friedrich Merz: Germany is facing "real threats" after the discovery of the third drone near the airport in Leipzig.
14:57
Russia considers possible space cooperation with the USA after the closure of the International Space Station.
14:49
Mihai Badea is set to take Claudiu Năsui's place in Parliament, after he accepted to become a minister in the Republic of Moldova.
14:40
At least 40 people have been killed following an attack by criminal gangs in Haiti
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.
.webp)
