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Iveco S.p.A., an acronym for Industrial Vehicles Corporation, is an Italian multinational transport vehicle manufacturing company with headquarters in Turin, Italy. It designs and builds light, medium, and heavy commercial vehicles. The name IVECO first appeared in 1975 after a merger of Italian, French, and German brands.Bonfiglioli Consulting: Il Lean Thinking dalla produzione alla progettazione. Pensare snello in ufficio tecnico per innovare la progettazione e diventare più competitivi. 5 casi italiani di successo, 2010: Milano – p. 103
Its production plants are in Europe, China, Russia, Australia and Latin America and it has about 5,000 sales and service outlets in over 160 countries. The worldwide output of the company amounts to around 150,000 commercial vehicles with a turnover of about 10 billion.
The company was spun off from CNH Industrial on 1 January 2022. It is a subsidiary of Iveco Group N.V., a holding company incorporated in Amsterdam, Netherlands, and is listed on Borsa Italiana.
On 30 July 2025, Iveco announced the sale of its commercial vehicle business (acquired by Tata Motors), and its defence business (acquired by Leonardo).
Following the merger, the newly founded Iveco began rationalizing its product range, manufacturing plants, and sales network, while keeping the original brands. From 1975 to 1979, the Iveco range included 200 basic models and 600 versions spanning from 2.7 tons of GVW for light vehicles to over 40 tons for heavy vehicles, as well as buses and engines.
In 1977, the light- to medium-weight Iveco Zeta range was introduced, replacing the 20-year-old OM Lupetto. Integrating the Fiat-OM range with the Unic and Magirus lineups was completed by 1980. IVECO moved in to work on increasing productivity and engine development. In 1978, IVECO launched the first product in the range of IVECO-branded light vehicles, the Iveco Daily.
In 1980, Iveco built a turbo diesel engine for heavy industrial vehicles.Condolo, pp. 28–29 In 1984, Iveco launched the TurboStar,John Carroll, Peter James Davies: Tractor & Trucks, 2007 Hermes House – p. 7 a heavy on-road vehicle that became a best-seller in Italy and also successful in the European market, selling a total of 50,000 units in seven years.Sanguineti & Zampini Salazar, pp. 202 In 1985, Iveco made the first light diesel engine with direct injection.
From 1986, Iveco S.p.A. held a 52% stake in Iveco Ford Truck Ltd, a joint venture (and effectively a merger) with Ford of Europe's truck division. Ford plants took over production and sales of the major vehicles in the Iveco range and continued production of the Ford Cargo.John Carroll, Peter James Davies: The Complete Book of Tractor & Trucks, 2000 Lorenz Books – p. 408 In the mid-1980s, Astra Veicoli Industriali, which produces and construction site/quarry vehicles in Piacenza, became part of Iveco Group.Condolo, p. 11 In 1989, the first Diesel engine with EGR to reduce Air pollution compatible with commercial vehicles was produced, and the new Daily launched that same year was fitted with it.
In 1990, the group purchased 60% control of Spanish industrial company ENASA, which owned the industrial vehicle builder Pegaso. In the 1990s, the EuroCargo, EuroTech, EuroTrakker, and EuroStar vehicles represented a total facelift for the range. The EuroCargo and the EuroTech were named "Truck of the Year" in 1992 and 1993, respectively, and for the first time, this recognition was awarded to the same manufacturer for two years in a row.Condolo, pp. 146–147 English company Seddon Atkinson was purchased in 1991 and brought its long heritage of special vehicles for the construction and refuse-collection industries.Condolo, p. 10 That same year, the first TurboDaily assembly line was inaugurated at the Nanjing Motor Corporation in China.Sanguineti & Zampini Salazar, pp. 230 In 1991, IVECO announced that they were withdrawing from the North American market at the end of the calendar year; they had been selling the midrange Iveco Zeta there since 1978. In 1992, Iveco took over the primary constructor of industrial vehicles in Australia to form Ital, originally called International Trucks Australia.Iveco acquires International Aust Truck & Bus Transportation June 1992 page 9 In 1996 firefighting activities in Germany were structured under the company Iveco Magirus Brandschutztechnik GmbH. The following year, these activities were boosted by the arrival of an Austrian company, Löhr, which then became Löhr Magirus. In 1998, the Cursor 8 was launched, followed the next year by the Cursor 10, the first diesel engine with a variable-geometry turbine and the first common-rail diesel engine for heavy industrial vehicles. The 125th anniversary of the presentation of the first Magirus ladderJohn Carroll, Peter James Davies: The Complete Book of Tractor & Trucks, 2000 Lorenz Books – p. 430 was celebrated together with the delivery of the 5000th Magirus aerial ladder produced since the Second World War. Magirus was sold to investmenrt group Matares SE in 2024.
In 2000 it was renamed Iveco Trucks Australia Limited. In 2003, Iveco entirely bought out Iveco Bus, originally part of a joint venture with Renault. In 2004, the Iveco Motors brand was introduced, which became an umbrella for the production of engines; the following year, it was incorporated into the newly founded Fiat Powertrain Technologies. At the end of 2004, an agreement was reached between Iveco and the Chinese company SAIC Motor to form SAIC Iveco Hongyan.
On 1 January 2011, Fiat Industrial was formed, incorporating CNH, Iveco, and FPT Industrial. In September of the same year, the Fiat Industrial Village was inaugurated in Turin, a multipurpose centre belonging to Fiat Industrial and created for the sales, assistance, and product presentation for the Iveco, New Holland, and FPT Industrial brands.
On 11 November 2021, Iveco published the prospectus in order to split from CNH Industrial which will be operated as a publicly separated company named Iveco Group N.V. After the completion of the demerger, on 1 January 2022 Iveco became a part of Iveco Group N.V., the parent company of the trucks and speciality vehicles, powertrain and related financial services businesses previously held by CNH Industrial. As of 2023, the company forms part of the Dow Jones Sustainability Indices. (Linked from Dow Jones Sustainability Indices components – DJSI Components – DJSI World section)
On 30 July 2025, Iveco announced the sale of its defence businesses, comprising of the IDV and Astra brands, to Leonardo and its commercial trucks business to Tata Motors. The transactions are expected to complete in the first half of 2026.
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In 2023, Iveco announced their new Driveway Bodybuilder Programme, allowing customers to have a choice of stock tippers and tipper grabs available on X-Way chassis.
target="_blank" rel="nofollow"> Wayback Machine:
In 2006, Iveco sponsored the 2006 Winter Olympic Games in Turin with a fleet of 1,200 Irisbus buses. The year after, Iveco became sponsor of the All Blacks, New Zealand's rugby team. In 2009, Iveco became the truck and commercial vehicle supplier for the Moto GP, together with the historical sponsorship to the Scuderia Ferrari.
Iveco won the 2012 Dakar Rally with the Petronas De Rooy team and Dutch driver Gerard De Rooy, behind the wheel of an Iveco Powerstar. De Rooy was followed by drivers Stacey and Biasion behind the wheel of two Iveco Trakker Evolution 2 vehicles, equipped with an FPT Industrial C13 engine with over 900 hp. De Rooy won the 2016 Dakar Rally for Iveco, whereas Janus van Kasteren won the 2023 Dakar Rally.
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