Tata Motors to acquire Iveco Group for €3.8 bn.

Tata Motors, a global automotive company, agreed to acquire Iveco Group, a commercial vehicle brand that designs, manufactures, and markets heavy, medium, and light-duty trucks, for €3.8 bn. "We are proud to announce this strategically significant combination, which brings together two businesses with a shared vision for sustainable mobility. Moreover, the reinforced prospects of the new combination are strongly positive in terms of the security of employment and industrial footprint of Iveco Group as a whole,” Suzanne Heywood, Iveco Group Chair.