Red lorry, yellow lorry

2 November 2010 By Alexander Smith

Good results have boosted Europe’s truck manufacturers this year, while crossshareholdings and competition issues remain obstacles to M&A. Even so, the pressure for consolidation remains. Fiat’s coming demerger looks like a catalyst for deals in Europe and perhaps globally.

This content is for Subscribers only

Context News

French car group Renault sold 15 percent of Volvo on Oct. 7, leaving it with a 6.8 percent stake in the Swedish truckmaker and 17.5 percent of voting rights. The sale, used to cut debt, prompted speculation that Renault may offload more shares in the world's number two truckmaker.

In September, a report in La Repubblica newspaper said Fiat's industrial arm had attracted a 9 billion euro approach from German autos giant Daimler. Fiat is splitting its autos and industrials units. The latter includes the Iveco truck business.

Email a friend

Please complete the form below.

Required fields *