Tata Motors to drive Iveco’s CV biz for $4.4 bn
Tata Motors has agreed to buy Turin-based truck maker Iveco from its principal shareholder, the Agnelli family, for $4.4 billion ($3.8 billion euros) to provide its commercial vehicle (CV) arm–soon to be listed independently–with much-needed technological heft and global access. This will be the largest acquisition by the Tata Group in the automotive space, almost
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