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Iveco Truck Spinoff Targets Growth in Challenging Industry Shift - Bloomberg

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CNH Industrial NV’s Iveco Group NV will start trading later Monday in Milan, following Daimler AG’s spinoff of its truck division to better confront the industry’s move away from diesel engines.

Controlled by Italy’s billionaire Agnelli family, CNH aims to extract more value from separated agricultural equipment brands like New Holland and its truck- and bus-making unit. Iveco targets raising net sales from industrial activities to as much as 17.5 billion euros ($19.9 billion) by 2026 from 11.8 billion in 2019, the company said in November.

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Iveco Truck Spinoff Targets Growth in Challenging Industry Shift - Bloomberg
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