an acronym for Industrial Vehicles Corporation, is an Italian industrial vehicle and bus manufacturing company based in Turin, Italy, and entirely controlled by CNH Industrial Group. It designs and builds light, medium and heavy commercial vehicles, quarry/construction site vehicles, city and intercity buses and special vehicles for applications such as firefighting, off-road missions, the military and civil defence.
This name IVECO first appeared in 1975 after a merger of Italian, French and German brands.
Its production plants are in Europe, China, Russia, Australia, Africa, Argentina and Brazil, and it has approximately 5,000 sales and assistance points in over 160 countries. The worldwide output of the company amounts to around 150,000 commercial vehicles with a turnover of about €10 billion.
|Type||Joint stock company|
|Headquarters||Basildon, Essex, United Kingdom|
|Key people||Sergio Marchionne (Chairman)|
|Revenue||€ 25.778 billion (2013)|
|Total assets||€ 40.941 billion (2013)|
|Total equity||€ 5.556 billion (2013)|
|Employees||71 192 (end 2013)|
CNH Industrial N.V. is an American-Italian company registered in the United Kingdom that, through its various businesses, designs, produces, and sells agricultural equipment and construction equipment (Case and New Holland brand families), trucks, commercial vehicles, buses, and special vehicles (Iveco), in addition to powertrains for industrial and marine applications (FPT Industrial). Present in all major markets worldwide, CNH Industrial is focused on expanding its presence in high-growth markets, including through joint ventures.
CNH Industrial N.V. was incorporated in November 2012 and became operational at the end of September 2013 following the integration of Fiat Industrial S.p.A. and CNH Global. N.V. Fiat Industrial, a global leader in the capital goods sector, was created on January 1, 2011 through thedemerger of CNH, Iveco and FPT Industrial from Fiat Group. One of the top players worldwide in the agricultural and construction equipment sectors, CNH was created in November 1999 through the merger of New Holland N.V. and Case Corporation.
The company is listed on the New York Stock Exchange and on Borsa Italiana: it is a constituent of the FTSE MIB index.
Iveco was incorporated on January 1, 1975, with the merger of five different brands: Fiat Veicoli Industriali (with headquarters in Turin, Italy), OM (Brescia, Italy), Lancia Veicoli Speciali (Italy),Unic (France) and Magirus-Deutz (Germany).
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 a light vehicle to over 40 tons for heavy vehicles, not to mention buses and engines.
In 1978 Iveco launched the first product in the range of light vehicles branded Iveco, the Daily. The product was originally conceived as a small industrial vehicle, reliable and structurally sound.
In 1980 Iveco built the first turbo diesel engine for heavy industrial vehicles.
In the 1980s the corporate strategy was heavily oriented towards brand promotion and led to the sponsorisation of sports events, such as the 1980 Olympic Games in Moscow, the Davis Cupin 1982, the Jacques Cousteau expeditions in the Amazon basin in 1983 and the Raid Pigafetta, during which the Iveco-Fiat 75 PC 4×4 was first to make a full circle of the globe. Two new divisions were also formed: bus diesel engines and firefighting vehicles.
In 1984 Iveco launched the TurboStar, a heavy on-road vehicle that became a best-seller in Italy and an important player in the European market, reaching a total of 50,000 units sold in seven years.
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.
In the mid-1980s, Astra, which produces dumpers and construction site/quarry vehicles in Piacenza, became part of Iveco Group.
In 1989 the first diesel engine with EGR to reduce polluting emissions 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 the 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.
In 1991, the English company Seddon Atkinson was purchased and brought its long heritage of special vehicles for the construction and garbage collection industries.
That same year, the first TurboDaily assembly line was inaugurated at the Nanjing Motor Corporation in China.
In 1992, Iveco took over the primary constructor of industrial vehicles in Australia to form Ital, originally called International Trucks Australia and, in 2001, Iveco Trucks Australia Limited.
In 1995 Iveco signed an agreement with Yuejin Motor Corporation of Nanjing to form the Naveco joint venture for the production of light vehicles and diesel engines. In the meantime, the firefighting vehicles division signed an agreement with Sinopec Group for the assembly of special vehicles with foam extinguishers in China.
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. The Italian plant in Foggia broke the record of 2.5 million engines produced in 20 years, and in 1999, the production of diesel powertrains reached its highest volume of 405,000 units.
In 1998 Cursor 8 came out, followed the next year by 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 ladder was celebrated together with the delivery of the five-thousandth Magirus aerial ladder produced since the Second World War.
In 2004 Iveco Motors brand was born, which became an umbrella for the production of engines, and the following year it was incorporated into the newly founded Fiat Powertrain Technologies. At the end of 2004, the agreement between Iveco and the Chinese company Saic (Shanghai Automotive Industry Corporation) took effect.
In 2006 Iveco sponsored the Olympic Games in Turin with a fleet of 1,200 Iveco Irisbus buses. The year after, Iveco became sponsor of the All Blacks, New Zealand’s rugby team.
In 2009 Iveco became the Trucks and Commercial Vehicle Supplier for the Moto GP, together with the historical sponsorship to the Ferrari Racing Team, for which it supplies the vehicles that transport the single-seaters at all the Formula 1 World Championship races.
On January 1, 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 January 15, 2012, Iveco won the 33rd edition of the Dakar rally with the Petronas De Rooy team and the 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.
Iveco is the brand under which the light, medium and heavy vehicles are sold. The range of light vehicles is made up of the New Daily in its versions from 2.8 T to 7.0 T and with 4×4 drive. The range of medium vehicles includes the Eurocargo, available from 7 T to 19T and with 4×2 or 4×4 drive. Stralis and Trakker, from 19 T to 72 T, make up the heavy vehicle range in two, three, or four-axled versions with all-wheel drive or two-wheel drive.
Main articles: Irisbus https://myntransportblog.com/2014/04/08/buses-irisbus/
and Iveco Bus http://en.wikipedia.org/wiki/Iveco_Bus
Iveco Irisbus was a brand specialised in vehicles for the transport of passengers spanning from minibuses to buses for city and intercity transportation and tour buses. In 24 May 2013 the brand was relaunched as Iveco Bus.
Iveco Indcar Mago 2 midibus inJyväskylä, Finland.
Daily van (MY98) in Romania
Further with only Buses now: