Reuters
Italian truck and bus maker Iveco Group said on Thursday it had struck a preliminary deal with Sweden's Hedin Mobility Group to transfer it its distribution and retail business in Nordic countries to simplify its operations. Iveco Chief Executive Gerrit Marx said Hedin's "remarkable market penetration" would help his company support its trucks, particularly those with electric and alternative propulsion systems. Iveco will transfer its commercial activities for light, medium and heavy trucks in Sweden, Norway, Finland and Denmark, as well as retail sale activity for minibuses to Hedin, it said in a statement, without providing financial details.