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Shares of Iveco, which is controlled by Fiat’s founding Agnelli family, surged as much as 7.4%. The stock has more than doubled this year, valuing the company at 5.6 billion euros ($6.1 billion).
Iveco is targeting revenue of between 16.5-17.5 billion euros ($18.7-$19.8 billion) by 2026, a compound annual growth rate of 5% versus 2019, before the COVID-19 pandemic.
Italian truck maker Iveco IVG 0.14% Group agreed to sell its commercial vehicles unit to Tata Motors 500570 -2.60% and its defense business to Leonardo LDO -2.54%, in deals worth 3.8 billion euros ...
The CEO of Italian truck and bus maker Iveco has condemned as "plain stupid" the Euro 7 standards which tighten vehicle emission limits for pollutants including nitrogen oxides and carbon monoxide ...
Italian truckmaker Iveco Group NV has attracted takeover interest from India’s Tata Motors Ltd., people familiar with the matter said. Tata, the owner of Jaguar Land Rover, has approached the ...
Iveco Group’s appeal stems from likely takeover potential amid Exor’s breakup plan, despite risks like Italy’s Golden Power law. Read why IVCGF stock is a buy.
Iveco's defense business produces military trucks as well as armored, amphibious and multi-role vehicles. The transaction should be completed by March 31, 2026, Iveco said.
Iveco IVG 0.30% Group and Thyssenkrupp TKA 4.01% said they are moving ahead with plans to spin off their defense businesses, as the industrial groups aim to cash in on a European defense boom ...
The Iveco Daily is only 5.9 meters (19.3 feet) long and 3.2 meters (10.5 feet) high on the outside, so getting six people to fit inside and, even more, to make them feel comfortable, is a challenge.
Italian truck maker Iveco Group agreed to sell its commercial vehicles unit to Tata Motors and its defense business to Leonardo, in deals worth 3.8 billion euros ($4.39 billion) and 1.7 billion ...
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