Tata Motors finds task cut out for Iveco turnaround after twin losses
Summary
Iveco lost €45 million in the September quarter, its second quarterly loss this year, just as Tata Motors took control. Tata must now turn it around while carrying acquisition debt and honouring conditions that block immediate restructuring.
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Tata Motors finds task cut out for Iveco turnaround after twin losses
Iveco lost €45 million in the September quarter, its second quarterly loss this year, just as Tata Motors took control. Tata must now turn it around while carrying acquisition debt and honouring conditions that block immediate restructuring.
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