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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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955 zero emission buses funded in England through ZEBRA 2nd round

Further £143 million (166 million euros) will be invested in England to roll out almost a thousand new zero emission buses. Transport Secretary Mark Harper has confirmed that 955 zero emission buses will hit the road as 25 councils receive funding to decarbonise their bus fleets, with rural areas pr...

ZF: in 2023 sales increased by 6.5 percent to 46.6 billion euros

ZF achieved its financial targets set for 2023. Against the backdrop of a highly volatile global economy, the company increased sales by 6.5 percent to 46.6 billion euros (2022: 43.8 billion euros). Adjusted EBIT is 2.4 billion euros (2022: 2.0 billion euros); adjusted EBIT margin is 5.1 percent (20...
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