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Volkswagen Truck & Bus enters van market with new VW Tempest range

Volkswagen Truck & Bus, part of the TRATON Group, is entering the van and light commercial vehicle segment with the new VW Tempest family. Developed in partnership with Chinese manufacturer SAIC Maxus, the range includes four body configurations and represents an investment of approximately R$300 mi...
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Tata Motors’ takeover bid for Iveco Group clears 80% acceptance threshold

Tata Motors' takeover bid for Iveco Group has reached 87.81% of the company's ordinary share capital, exceeding the minimum acceptance threshold of 80%. The offer is now unconditional, with shareholders receiving €14.40 per share. The acceptance period will reopen from November 2 to 6, ahead of the ...
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Northvolt to cut about 1,600 jobs in Sweden due to strategic review

Northvolt announced that about 1,600 jobs will be cut in Sweden alone, split across Skellefteå (1,000 positions), Västerås (400 positions) and Stockholm (200 positions). All redundancies are subject to ongoing union negotiations, as officially announced. "The decisions are necessary to adjust for cu...
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