Draft:Iveco Group

Automotive company, commercial and specialty vehicles From Wikipedia, the free encyclopedia

Iveco Group N.V. (EXM: IVG) is a multinational corporation and automotive and defence manufacturing company specialising in commercial and specialty vehicles, powertrain and related financial services. The registered office is in Amsterdam, Netherlands and its headquarters are in Turin, Italy. The company is listed on the Euronext Milan stock exchange. Suzanne Heywood is chair and Olof Persson is CEO.[1][2]

  • 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)

Founded1 January 2022; 4 years ago
Headquarters
Quick facts ISIN, Industry ...
Iveco Group N.V.
ISINNL0015000LU4
IndustryManufacturing
Founded1 January 2022; 4 years ago
Headquarters
Key people
Brands
OwnerExor N.V. (27.1%)
Number of employees
36.000 (2024)
Websitewww.ivecogroup.com
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History

Iveco Group was officially established as an independent company on January 1, 2022, following its spin-off from CNH Industrial.[3] The separation was finalised on December 31, 2021, and Iveco Group's initial public offering (IPO) took place on January 3, 2022, with Exor holding a 27% stake.[4][5][6]

Since 1 July 2024, Olof Persson has served as chief executive officer of Iveco Group, taking over from Gerrit Marx, who served as CEO beginning in 2022.[7][8]

The roots of Iveco Group can be traced back to 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 from France and Magirus Deutz from Germany. Notably, on January 3, 2025, the ownership of Magirus was transferred to Mutares.[9]

Brands

Iveco Group presides seven brands[10]:

  • Iveco designs, manufactures and commercialises heavy, medium and light duty commercial vehicles.
  • FPT Industrial specialises in powertrain technologies for both on-and off-road applications.
  • Iveco Bus designs and manufactures urban, intercity and tourism buses.[11]
  • Heuliez focuses on passenger transport buses.[12]
  • IDV provides specialised defence and civil protection equipment.
  • Astra produces large-scale, heavy-duty quarry and construction vehicles.
  • Iveco Capital is the financial services brand of the group.[13]

Main shareholders

The main shareholders of Iveco Group on 3 April 2025 are:[14]

More information Name, % ...
Name%
Giovanni Agnelli B.V.27.06 %
Norges Bank8.91 %
Own shares2.55 %
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Projects and partnerships

Hyundai Motor Company

In March 2022, Iveco Group signed a MOU with Hyundai Motor Company to collaborate on an electric light commercial vehicle for the European market.[15][16][17] The same year Iveco Group and Hyundai Motor Company presented the first fuel cell large van at IAA in Hanover, followed by a new hydrogen city bus at Busworld in Brussels in 2023.[18][19] In February 2024, it was announced that Hyundai and Iveco were launching a new Iveco-branded electric van in Europe, using Hyundai's eLCV platform.[20][21][22] In September, the van, produced by Hyundai and distributed by Iveco, was announced as the Iveco eMoovy, based on the Hyundai ST1.[23][24]

Nikola Iveco Europe

In June 2023, Iveco Group acquired full ownership of Nikola Iveco Europe, a joint venture focused on electric and fuel cell heavy-duty trucks, now operating as EVCO Gmbh.[25][26]

Metallica

In November 2023, Iveco Group announced its partnership with Metallica for the European leg of their M72 World Tour.[27][28][29][30]

References

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