Iveco is said to be measured by the sale of defensive units for as much as $ 1.6 billion

Italian truck manufacturer Iveco (OTCPK: IVCGF) It may aim to provide up to 1.5 billion euros (1.6 billion USD) through the potential sale of its defense business, Bloomberg News reported on Friday, citing people familiar with the issue. This move comes as an increased budget for defense in Europe Drive