Iveco's FPT obtains EU battery certification from TÜV SÜD
FPT is one of only three HV battery manufacturers in Europe with this certification, validated at its Turin ePowertrain plant.
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Manufacturer of commercial and specialty vehicles and powertrains
ivecogroup.comLast updated
In short: Iveco reported a first-quarter loss while finalizing a €1.6 billion defense unit sale to Leonardo and preparing for a $4.5 billion Tata Motors buyout.
FPT is one of only three HV battery manufacturers in Europe with this certification, validated at its Turin ePowertrain plant.
Shareholders adopted financial statements, re-appointed directors, and authorized share repurchases up to €130 million.
The company will supply up to 85 electric buses and charging infrastructure.
Adjusted EBIT loss of €55 million due to quality focus and market challenges. Defence sale completed; Tata tender expected by Q3.
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Assembly approves 2025 budget, top management confirmed...
Iveco's first-quarter 2026 accounts have moved into the red while the company is in the middle of extraordinary finance operations, most notably Tata's planned public...
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