• Comment: Corporate mergers do not make a "historic process". Please address WP:COI. Greenman (talk) 17:11, 18 March 2024 (UTC)
  • Comment: Unfortunately, the draft is still based largely on routine business coverage, press releases, and corporate announcements. Johannes (Talk) (Contribs) (Articles) 19:23, 7 March 2024 (UTC)

Iveco Group
ISINNL0015000LU4
Founded2022
Headquarters
Key people
Brands
Number of employees
36.000 (2024)
Websiteivecogroup.com

Iveco Group N.V. (EXM: IVG) is a multinational automotive company active in the field of commercial and specialty vehicles, powertrain and related financial services. The registered office is in Amsterdam, Netherlands, with the headquarters located in Turin, Italy. The company is listed on the Euronext Milan stock exchange.[1][2]. Iveco Group employs over 36,000 people worldwide[3]. The Board of Directors is currently composed of eight Directors: two Executive Directors and six Non-executive Directors[4]. The Chair is Suzanne Heywood, the CEO is Olof Persson[5][6].

Iveco Group was established on 1 January 2022 following a spin-off from CNH Industrial[7][8][9]. The Group is the latest step of a process began in 1975 with the creation of IVECO (Industrial Vehicles Corporation) through the merger of five truck brands: Fiat Veicoli Industriali, OM and Lancia Veicoli Speciali, Unic of France and Magirus Deutz of Germany.[10][11]

Brands

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Iveco Group presides eight brands, active in the commercial and special vehicles, powertrain and related financial services sectors[12].

  • IVECO designs, manufactures and commercialises heavy, medium and light duty commercial vehicles[13].
  • FPT Industrial specialises in powertrain technologies for on-and off-road vehicles, as well as marine and power generation applications[14].
  • IVECO BUS designs and manufactures urban and intercity buses, tourism coaches and minibuses[15][16].
  • HEULIEZ specialises in buses for passenger transport[17].
  • IDV is a provider specialised defence and civil protection equipment[18].
  • ASTRA produces large-scale, heavy-duty quarry and construction vehicles[19].
  • MAGIRUS specialises in firefighting vehicles[20]
  • IVECO CAPITAL is the financial services brand of the Group[21]

Industrial sites and global presence

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Iveco Group has 20 industrial sites: 17 in Europe, 2 in South America and 1 in the rest of the world. Research and development is carried out across 29 centres: 21 in Europe, 1 in North America, 4 in South America and 3 in the rest of the world[22]

Projects and partnerships

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Hyundai Motor Company

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In March 2022, Iveco Group signed a MOU with Hyundai Motor Company to cooperate on electric light commercial vehicle for the European market[23][24]. The same year Iveco Group and Hyundai Motor Company presented the first fuel cell large van at IAA 2022 in Hanover and in 2023 a new hydrogen city bus at the Busworld trade show, held in Brussels[25] [26]

Nikola Iveco Europe

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In June 2023, Iveco Group announced the acquisition of full ownership of Nikola Iveco Europe, now operating as EVCO Gmbh, which produces electric and fuel cell heavy duty trucks[27][28]

References

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  1. ^ World, Automotive (2022-01-03). "Iveco Group debuts on the Milan stock exchange with opening bell ceremony and first day of trading". Automotive World. Retrieved 2024-02-13.
  2. ^ "CNH Industrial approves Iveco spin-off". KHL Group. 2021-12-27. Retrieved 2024-04-04.
  3. ^ "Iveco Group continues its sustainability journey and holds its second Sustainability & DEI Week". Yahoo Finance (in Italian). 2024-05-14. Retrieved 2024-07-01.
  4. ^ N.V, Iveco Group (2024-04-17). "Iveco Group announces the results of the Annual General Meeting". GlobeNewswire News Room (Press release). Retrieved 2024-07-01.
  5. ^ "CNH picks Iveco Group's Marx as new chief executive". Reuters.
  6. ^ "Iveco Group | Company Overview & News". Forbes. Retrieved 2024-02-23.
  7. ^ "CNH Industrial Completes Demerger with Iveco Group; Shares Rise". nasdaq.com.
  8. ^ "CNH Industrial shareholders approve spin-off of truck maker Iveco". Reuters.
  9. ^ "CNH Industrial and Iveco Begin Operations as Separate Businesses". OEM Off-Highway. 2022-01-14. Retrieved 2024-04-04.
  10. ^ "Nasce il marchio e logo Iveco Group: una nuova realtà "On-Highway"". www.teleborsa.it (in Italian). Retrieved 2024-02-23.
  11. ^ "Our History | Iveco Group". www.ivecogroup.com. Retrieved 2024-02-23.
  12. ^ "Iveco Group, otto marchi e un nuovo logo". la Repubblica (in Italian). 2021-09-30. Retrieved 2024-02-13.
  13. ^ "IVECO | Choose your market | Iveco". www.iveco.com. Retrieved 2024-02-13.
  14. ^ "Powertrains for industrial vehicles | FPT Industrial". www.fptindustrial.com. Retrieved 2024-02-13.
  15. ^ "Iveco to build electric buses in Italy | electrive.com". www.electrive.com. Retrieved 2024-02-13.
  16. ^ "IVECO Bus". www.iveco.com. Retrieved 2024-02-13.
  17. ^ "Heuliez Bus". www.heuliezbus.com. Retrieved 2024-02-13.
  18. ^ "You are being redirected..." www.idvgroup.com. Retrieved 2024-02-13.
  19. ^ "Astra Veicoli Industriali S.p.A. - www.astra-trucks.com". Astra Veicoli Industriali S.p.A. - www.astra-trucks.com. Retrieved 2024-02-13.
  20. ^ MAGIRUS (2023-09-07). "Magirus GmbH - fire engines & fire protection technologies". www.magirusgroup.com. Retrieved 2024-02-13.
  21. ^ "Home". www.ivecocapital.com. Retrieved 2024-02-13.
  22. ^ "A Iveco Group pieno controllo di Nikola Iveco Europe - Veicoli Commerciali - Ansa.it". Agenzia ANSA (in Italian). 2023-07-06. Retrieved 2024-02-13.
  23. ^ Middleton, Natalie (2022-09-22). "Iveco and Hyundai unveil fuel cell large van at IAA in Hannover". EV Fleet World. Retrieved 2024-02-23.
  24. ^ "Iveco, Hyundai fornirà veicolo commerciale leggero elettrico in Europa". www.teleborsa.it (in Italian). Retrieved 2024-02-23.
  25. ^ "Iveco Group: accordo con Hyundai Motor su veicolo commerciale leggero elettrico in Europa". Il Sole 24 ORE (in Italian). Retrieved 2024-02-23.
  26. ^ "Hyundai Motor to supply Italy's Iveco with new electric van for Europe". Reuters.
  27. ^ "Iveco to fully own venture with Nikola on electric, hydrogen trucks". Reuters.
  28. ^ "Iveco Group To Take Full Ownership Of JV With Nikola". RTTNews. Retrieved 2024-02-28.
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