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Tata Motors takes over Iveco Group for €3.8 billion

Tata Motors and Iveco Group have announced an agreement that will lead to the creation of a global commercial vehicle manufacturer, with transaction to be concluded by Q2 2026. The transaction, valued at approximately EUR 3.8 billion, involves a voluntary tender offer by Tata Motors for all common s...

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Coronavirus, BYD shuts down the North American plant

BYD suspens production in the US for at least two weeks. Or «until we get further direction or information that allows us to safely resume our operations», says BYD North America president Stella Li in a letter that we fully display below. The decision follows the measures taken in the past days by ...

Change at the helm of CNH Industrial: Suzanne Heywood Acting CEO

Change at the helm of CNH Industrial: the Board announces that it has accepted the resignation of Hubertus Mühlhäuser as Chief Executive Officer and appointed Suzanne Heywood as Acting Chief Executive Officer, in addition to her role as Chair of the Board. She will lead the business «through this cu...

Daimler Group stops the production in Europe for two weeks

Due to the worsening situation of the COVID-19 pandemic, the Daimler Group announces it has decided today to suspend the majority of its production in Europe, as well as work in selected administrative departments, for an initial period of two weeks. Scania group will stop production in Sweden, the ...

IT-TRANS postponed, new date announced: 1-3 December 2020

IT-TRANS postponed. UITP and Messe Karlsruhe are pleased to announce that the 2020 edition of IT-TRANS will be held from 1-3 December in Karlsruhe, Germany. Initially postponed from 3-5 March due to developments with the coronavirus, the new date will see the largest event of its kind dedicated to d...
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