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Tata Motors’ takeover bid for Iveco Group clears 80% acceptance threshold

Tata Motors' takeover bid for Iveco Group has reached 87.81% of the company's ordinary share capital, exceeding the minimum acceptance threshold of 80%. The offer is now unconditional, with shareholders receiving €14.40 per share. The acceptance period will reopen from November 2 to 6, ahead of the ...
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Luca de Meo (Renault) will be the new ACEA president in 2023

Luca de Meo will take over the presidency from BMW’s CEO, Oliver Zipse, who has held the position for the last two years. The ACEA President is elected for a year-long term, once renewable, from the CEOs of its member companies – the major Europe-based car, van, truck and bus manufacturers.
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Scania to launch new venture capital fund

Following its successful predecessor, Scania Growth Capital II "will continue the focus on the most attractive companies and entrepreneurs in the B2B tech space", according to the Swedish group.
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Scottish Munro Vehicles’ electric 4×4 to be unveiled early in December

Designed and built in Britain, the Munro will be the first vehicle to enter volume production in Scotland in more than four decades. The e-vehicles is addressed to numerous sectors including construction, agriculture, mining, forestry, mountain rescue, remote infrastructure maintenance, and leisure
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