Iveco Group NV is planning to break up the company and is in advanced discussions to sell its defense unit and commercial truck manufacturing operations to separate buyers. The company's statement ...

Iveco Group NV agreed to break itself up, selling its defense unit to Leonardo SpA and the rest of the Italian truck maker to Tata Motors Ltd in deals totaling about €5.5 billion ($6.3 billion).

Italian tank destroyers Centauro take part in the joint military exercise "Strike Back" at the Novo Selo military ground, northwestern Bulgaria, in December 2022. (Nikolay Doychinov/AFP via Getty ...

Italian truck manufacturer Iveco (OTCPK:IVCGF) may be aiming to secure up to €1.5 billion ($1.6 billion) through the potential sale of its defense business, Bloomberg News reported on Friday, citing ...