Iveco reports Q1 loss and delays Tata takeover close
Iveco posted a 74 million euro Q1 loss and delayed its Tata Motors takeover to the third quarter. Industrial revenue for the period was 2.8 billion euros.
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IVECO GROUP NV reported a first-quarter adjusted net loss of 74 million euros ($87 million) as its planned takeover faces delays. The result marks a reversal from the 60 million euro profit recorded during the same period last year. Investors must now account for a longer acquisition timeline and deteriorating industrial margins before the deal closes.
