Urso: 'We'll be monitoring Iveco's development prospects.'

The government assures it will monitor the divestment processes initiated by Iveco, for its military and civilian businesses, to Leonardo and Tata Group, while the Exor-controlled company's stock price fell, penalized by the downward revision of its 2025 targets, and closed the day down 4.5%. "We are fully aware of the great value of this asset to Italian industry: its plants, its brands, and its professionalism. We believe that this important industrial transaction, if well structured, can open up new development prospects," stated Adolfo Urso, Minister of Enterprise and Made in Italy, at a meeting with companies, regional governments, and unions. This discussion, Urso explains, will be ongoing to monitor the entire sale process over the coming months, ensuring maximum guarantees for the workers involved and for the valorization of Iveco's industrial assets and its entire supply chain. In a meeting with financial analysts, Iveco CEO Olof Persson reiterated that there are no overlaps with Tata and there will be no redundancies. These words do not reassure the unions, who are concerned about the company's future, especially because—as Gianluca Ficco, national secretary of UILM, explains—the commitments made by Tata in the agreement will be valid for only two years and therefore do not in any way avert long-term risks. "Exor's control of the Agnelli family, currently the majority shareholder, guarantees an Italian anchor that is now at risk of being lost. We are calling on the Italian government to intervene to maintain Exor's presence," states FIM Secretary General Ferdinando Uliano. The head of the Fiom, Michele De Palma, is calling for "guaranteeing the presence of a public or publicly owned company in Iveco's capital. We cannot completely hand over the management of a fundamental asset for our country to an Indian group," he emphasizes. The political world is also in turmoil. Opposition parties are expressing concern. "It's yet another ugly mess led by Exor, which continues to focus on its financial assets and paying out million-dollar dividends rather than on our country's industrial supply chains," attacks the vice president of the Five Star Movement, Chiara Appendino, who is asking Urso "to report to the Chamber how he defends Iveco's Italian identity." For the former Minister of Labor and head of Industrial Policy for the Democratic Party, Andrea Orlando, "we risk further impoverishment of the country's productive fabric, already affected by deindustrialization." Avs is asking the government "to exercise its golden power," while Ivan Scalfarotto, head of foreign affairs for Italia Viva, accuses the government "of not batting an eyelid."