Iveco Confirms Talks to Sell Defense, Commercial Businesses

Iveco defense vehicles.
Photographer: Nick Paleologos/Bloomberg

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By Alberto Brambilla, Tommaso Ebhardt, Baiju Kalesh, and Aaron Kirchfeld

July 29, 2025 at 6:02 AM EDT

Updated on

July 29, 2025 at 10:40 AM EDT

Iveco Group NV confirmed it is planning to break up the company, saying it is in advanced discussions to sell its defense unit and the commercial truck manufacturing operations to separate buyers.

The statement issued Tuesday came after Bloomberg reported that the company was poised to announce a sale of the defense unit to Leonardo SpA and the commercial trucking business to India’s Tata Motors Ltd. as early as Wednesday, when it’s scheduled to report earnings.