TATA MOTORS AQUIRES IVECO: will there be repercussions for the paint industry? Tata Motors Announces €3.8 Billion Takeover Bid for IVECO's Commercial Vehicle Division On July 30, Tata Motors announced a voluntary public offer worth €3.8 billion to acquire IVECO's entire commercial vehicle division—including trucks, buses, and powertrain—excluding the defense division, which was sold for €1.7 billion to the Italian group Leonardo. Tata Motors, an Indian multinational headquartered in Mumbai, was founded in 1945 and is now one of the world’s leading manufacturers of automobiles and commercial vehicles. Among its most renowned brands are Tata, Jaguar, and Land Rover, the latter acquired in 2008. Under the terms of the agreement, Tata has committed not to shut down any plants, carry out layoffs, or implement drastic restructuring for at least two years, while maintaining IVECO’s headquarters in Turin (Italy). The scale of this acquisition raises concerns, particularly for t...
