Iveco reports 28% profit drop amid Tata Motors acquisition
after close1 source ↓written by the desknot a recommendation
- in full-year adjusted
- 28% decline
- $765 million due
- €645 million
- to Leonardo
- 25 March 2026
Iveco reported a 28% decline in full-year adjusted operating profit to €645 million ($765 million) due to weak truck demand and plant delays. The company is preparing for its acquisition by Tata Motors, which is set to proceed alongside the planned sale of its defence business to Leonardo on 25 March 2026.
This profit drop may impact market sentiment around Tata Motors as it navigates this acquisition amidst operational challenges.
Not investment advice. For informational purposes only.