Cnh puts the fifth gear on the Iveco spin-off. The news, anticipated by Il Sole 24 Ore, gives wings to the stock which, in Piazza Affari, takes the top of the FTSE Mib with an increase of 3,98% to 14,37 euros. The anticipation for the news that could arrive in the next few weeks on its subsidiary also galvanizes the shares Exor which earns 2,74%. Also shop on Stellantis, up by more than 2% to 17,7 euros per share.
Secondo Il Sole 24 Ore , two years after the announcement of the spin-off and the collapse of the negotiations with Faw Jiefang's Chinese, CNH has no intention of wasting any more time. In fact, the Turin-based company would like to resolve all the legal and bureaucratic issues relating to the spin-off of Iveco, the subsidiary that produces commercial vehicles, as soon as possible. The deadline was set for January 2022. Soon after, the new Iveco Group, a company that should include 8 brands (including Fpt, the division that deals with design) will land on the Milan Stock Exchange with a market value which, according to forecasts, should travel between 5 and 10 billion euros.
The new course will be guided by the new managerial figures who will lead the new Iveco: the designated CEO, Gerrit Marx, and the CFO arrived from Pirelli two days ago, Francesco Tanzi, which is scheduled to debut on January 1, 2022.
But the news on the spin off are not the only good news coming from Turin. Yesterday, Wednesday 15 September, Iveco e Nikola – the Tesla of trucks – have inaugurated the plant for heavy electric vehicles in Ulm, Germany, which will begin production by the end of the year. The first Nikola Three models produced at the plant will be delivered to selected customers in the United States in 2022.
“Despite all the challenges caused by the pandemic, both industrially and globally, that we have had to face since the first announcement of this partnership in September 2019, it is extremely gratifying to be here today as one team to see the fulfillment of all our hard work: a goal achieved on schedule and according to the original plans,” he said Gerrit Marx during his inaugural speech.
“Thanks to Iveco's proven expertise and established presence, we have provided a Corporate Communications platform on which Nikola's technology can continue to grow and develop. Now our main objective is to ensure the success of this operation and jointly take the lead in the field of short- and long-haul heavy transport that is climate-neutral,” said the CEO of Nikola, Mark Russell.
