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EXOR PUBLISHES HALF-YEAR REPORT AND ANNOUNCES €500 MILLION SHARE BUYBACK Portfolio simplification continued Iveco Group completed the sale of its defence business to Leonardo, Tata Motors launched its tender offer for Iveco Group, with closing expected in November 2026Exor also completed the divestments in GEDI, Lifenet and NUO and reached an agreement to sell its stake in Welltec. The Welltec deal will return a MOIC of approximately 2.4x and bring Exor’s deployable cash to around €4 billion NAV
The Tata Motors-owned automaker cited Chinese EV competition, a cyberattack, and U.S. tariffs as it targets £1.7 billion in savings over two years
Jaguar Land Rover is offering voluntary redundancy packages to white-collar staff to slash $2.3 billion in costs amid tariffs and stiff competition.
Jaguar Land Rover faces headwinds from intensifying Chinese competition and U.S. tariffs and said that it must simplify its organization.
Cost reduction strategy aimed at keeping the company competitive amid major global challenges.
Tata Motors has launched an all cash voluntary tender offer for Iveco Group (BIT:IVG) at €14.10 per share. The proposal targets all outstanding shares and aims to delist Iveco Group from Euronext Milan. The Tata Motors offer comes after a period where Iveco Group’s share price return has softened year to date, falling 25.4%. This is occurring even as the 1 year total shareholder return of 9.03% and 3 year total shareholder return of 132.57% point to earlier stronger momentum now being tested...
Jaguar Land Rover is to cut 4,000 jobs as it reels from the impact of Donald Trump’s tariffs and a major cyber attack.
Indian business shines with new customer programs, while European subsidiary EMOSS faces significant headwinds and potential restructuring.
The fall in profit came even as revenue climbed 9.3% year-on-year to Rs957.99bn, a rise achieved despite a softer showing from Jaguar Land Rover (JLR).
Tata Motors Ltd (BOM:544569) reports 26% YoY volume growth and a positive free cash flow of INR 1,114 crore, while navigating commodity headwinds and supply chain challenges.
The company, owned by India’s Tata Motors, said revenues were also dented by the planned wind down of a number of Jaguar models.
Petrus Legal Strategies (Jersey) Limited, Petrus Advisers Limited and funds advised by Petrus Advisers Limited (together, "Petrus"), which together hold between 3% and 5% of Iveco Group N.V. ("Iveco") common shares, today issued the following statement regarding Tata Motors's proposed all-cash voluntary tender offer for Iveco at €14.10 per share:
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