4 days ago
What if Tata Motors buys Iveco's truck unit? Will it propel or drag like JLR?
Italy's Agnelli family had a good outing on the European bourses on Friday. The shares of Iveco, owned by the Agnellis and one of Europe's leading commercial vehicle makers after Volvo, Daimler, and Traton, jumped 8.3% after Reuters reported that Tata Motors has approached the family to acquire a controlling stake in the company. Italian newspaper Il Giornale ran the headline 'Iveco Group may become Indian,' adding that Exor, the Agnelli
