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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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Aumovio completes sale of Mechelen plant to Dumarey Group

Aumovio has completed the sale of its manufacturing site in Mechelen, Belgium, to Dumarey Group, finalising the transaction announced last April. The plant and around 300 employees are being transferred to Dumarey, while existing customer relationships remain with Aumovio.
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Tata Motors to complete Iveco Group acquisition by Q3, 2026

The entire operation was announced more or less one year ago. The news comes from several media platforms, including Indian ET Auto. The international website quotes Tata Chairman N Chandrasekaran, speaking at the company's annual general meeting.

Scania deploys first hybrid trucks in the Defense sector

At Eurosatory in Paris, Scania handed over the first of three hybrid trucks to FMV (the Swedish Defence Materiel Administration) as part of a joint development project. Indeed, FMV purchased the vehicles with the aim of testing and further developing the technology "in close dialogue between industr...
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