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
10:04
A Russian drone hit a residential area in Kharkiv, injuring four people. In the Sumy region, two people died due to the explosion of explosive devices.
09:41
The final results of the 2026 Baccalaureate exam, autumn session, will be published on Monday, August 24, by 12:00 PM.
09:28
An earthquake with a magnitude of 5.9 occurred on Sunday morning near Tokyo, causing 37 injuries and minor damage.
09:13
A power plant in Great Britain was shut down for four days due to a cyber attack attributed to Iranian hackers.
08:48
EU member states are calling for the introduction of a tax on oil companies, as a result of their increased profits due to the war in the Middle East.
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.
