TURIN – Forget mergers and takeovers, Iveco SpA prefers to grow organically – specifically by building a production base in China, Asia's biggest market. “I never understood the (potential) merger of MAN (AG) and Scania (AB),” Iveco CEO Paolo Monferino says by way of example in discounting prospects for expansion through acquisition. “They (don't) have complementary products, they would not get access to new markets and it (is) very difficult to find enough synergies to justify the ...

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