lveco—short for Industrial Vehicles Corporation—is a major Italian commercial vehicle manufacturer, founded on January 1, 1975, following the merger of five companies from Italy, France, and Germany: Fiat Veicoli Industriali (including OM and Lancia), Unic, and Magirus‑Deutz
Footprint & Workforce
Headquartered in Turin, Italy, but incorporated via its holding company, Iveco Group N.V., registered in Amsterdam and listed on Borsa Italiana
Employs around 21,000 to 28,000 people globally with 27 production plants in ~16 countries, and 6 research centres focused on innovation
Supports customers in over 160 countries, with more than 5,000 service outlets worldwide
Product Lineup
Light Commercial Vehicles: like the Daily (3.3–7.2 t range), in production since 1978 and sold in over 110 markets
Medium Trucks: the Eurocargo (6–19 t), winner of International Truck of the Year 2016; available with diesel and natural‑gas powertrains
Heavy Trucks: under the “Way” family—S‑Way (on‑road), T‑Way (off‑road), and X‑Way (light off‑road missions)
Specialty Vehicles: including buses (Iveco Bus), fire engines (Magirus), military/off‑road trucks, defence vehicles (Iveco Defence Vehicles), and amphibious SuperAV carriers
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Innovation & Sustainability
Iveco pioneered turbocharged diesels, Common Rail engines, and early adoption of Euro V emissions standards, and earned multiple awards (e.g. Truck of the Year in 1992, 1993 and 2003 and Van of the Year 2000)
Focused on alternative fuels: natural gas / biomethane across light, medium, and heavy vehicles; battery-electric models like Daily Electric and E‑Way buses; hydrogen fuel‑cell in partnership with Nikola
Offers a digital platform, Iveco ON, for fleet management, remote diagnostics, and predictive maintenance
DIGI MERCH STORE PRINT ON DEMAND
Strategic Outlook & Leadership
In March 2024, Iveco announced a 5‑year plan aiming for ≈20% revenue growth by 2028, committing €5.5 billion toward energy transition, AI, connected vehicles, and partnerships (e.g. Ford Trucks, Hyundai)
Leadership shifted in July 2024: Olof Persson took over as CEO, replacing Gerrit Marx (who moved to CNH Industrial), as the brand continued its independent trajectory since spinning off in 2022
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Recent Developments & Acquisition News
As of today, Tata Motors is reportedly in final stages of acquiring Iveco Group for $4.5 billion, marking Tata Group’s largest deal since Jaguar Land Rover. This would significantly expand Tata’s global footprint in the commercial vehicle sector
The Italian government is closely monitoring the transaction due to its strategic importance. The proposed deal would not include Iveco’s defence unit, which is being spun off or sold separately; the deal is subject to political and regulatory scrutiny
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