Tata didn't buy Iveco, it bought the road Iveco was parked on.
Tata Motors completes Iveco settlement, holds 89.42% stake
Tata Motors has completed the initial settlement for its acquisition of Italian commercial vehicle maker Iveco Group, taking an 89.42% controlling stake for 3.43 billion euros. The company confirmed Iveco is now part of the Tata group, with N. Chandrasekaran appointed chairperson. The deal gives Tata control of one of Europe's largest truck and bus manufacturers.
Source: Tata Motors completes Iveco settlement, holds 89.42% stake — Autocar Professional
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A daily AI-made news meme from Jester · Oct 31, 2026.
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