• Iveco has acquired a controlling 39% stake in the
12th November 1987, Page 8
12th November 1987
Page 8
Page 8, 12th November 1987
— • Iveco has acquired a controlling 39% stake in the
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.
If you've noticed an error in this article please click here to report it so we can fix it.
Indian truck and bus builder _ Ashok Leyland. In a joint venture with India's Hinduja Group, Nee° has bought the Ashok shareholding previously held by the Rover Group. Iveco-Hinduja has also acquired Rover Group's controlling 59% shareholding in Ennore Foundries.
In 1986 Ashok built 16,000 vehicles, while its combined turnover with Enfore Foundries amounted to £170 million.
The new venture will result in Iveco trucks and buses being built in India.