Latest news with #IVECO
Yahoo
05-08-2025
- Automotive
- Yahoo
Tata's acquisition of IVECO: a defining moment for Europe's commercial vehicle sector
Truck industry observers have long speculated about the first takeover of a European OEM by an Asian Group—with IVECO, following the spin-off from CNH Industrial in 2022, very much in the focus of the speculation. The historic moment arrived with the announcement of Tata Motors' €3.8 billion ($4.4 billion) all cash voluntary tender offer to acquire IVECO's Commercial Vehicle business (excluding its defence division), on July 30, 2025. The transaction is contingent on the sale of IVECO's defence arm, Iveco Defence Vehicles (IDV), which is being divested separately to Leonardo SpA for €1.7 billion ($2.0 billion). Completion is expected by early 2026. The planned arrangement aims to preserve IVECO's autonomy: its headquarters remain in Turin, its workforce and industrial footprint are protected by binding non-financial covenants (no layoffs, and no plant closures for at least two years), and the existing board structure will be largely retained with independent oversight. Once complete, the deal will create a global Commercial Vehicle powerhouse, with combined annual revenues of around €22 billion ($26 billion) and a global production footprint spanning Europe, Asia, and Latin America. According to GlobalData's analysis, the merger will create a new grouping on a par with TRATON and Volvo Group in terms of global Truck market share and annual production capacity. Indeed, a combination of US market decline and stable demand in India has resulted in a regional rebalancing that would have driven up Tata/IVECO's combined share of the global market (excluding China) to near the top of the ranking during the first half of 2025—second only to global market leader, Daimler. From a product and geographical viewpoint, Tata's dominance in India and Southeast Asia is highly complementary to IVECO's presence in Europe and Latin America, with no significant overlap in product lines or manufacturing geography. As IVECO and Tata compete in different markets, there is little danger in this scenario of a combined market share erosion. The geographical spread distinguishes it from previous European Heavy-Duty (HD) mergers (MAN/Scania, Volvo/Renault). Tata also gains access to IVECO's FPT Industrial powertrain technologies, including electric, hydrogen, and natural-gas platforms, providing it with scope to expand its net zero ambitions. From a strategic point of view, the acquisition is transformative in elevating Tata from a predominantly regional player to a genuine global OEM, with immediate access to European and Latin American markets and distribution networks. In the longer term, combining R&D, procurement and production across regions will also potentially enable better cost leverage and smoother responses to cyclical demand swings across global Commercial Vehicle markets. The acquisition of IVECO marks a watershed moment for Tata Motors and represents the most significant strategic realignment of the European Truck industry since the merger of Scania and MAN under the TRATON umbrella in 2021: the first takeover of a major European Truck OEM by an Asian group. While Asian manufacturers have, thus far, expanded globally through greenfield ventures or partnerships, none have previously acquired a top-tier European Commercial Vehicle brand outright. IVECO, with its deep engineering roots in Italy, Germany, and Spain, and a legacy dating back over a century, is one of Europe's core industrial Truck manufacturers. The move reflects the growing confidence and capital strength of Asian industrial groups, particularly India's Tata Group, with two landmark automotive acquisitions in Europe—first with Jaguar Land Rover in 2008, and now IVECO in 2025. It also signals a shift in global Truck market dynamics, as Asian players move from regional dominance to global consolidation. The implications are far-reaching: cross-continental technology transfer, access to EU markets, and potentially new alliances in alternative powertrains are now all firmly on the horizon. Zita Zigan, Director, Global Commercial Vehicle Forecasts This article was first published on GlobalData's dedicated research platform, the . "Tata's acquisition of IVECO: a defining moment for Europe's commercial vehicle sector" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
28-07-2025
- Business
- Globe and Mail
Iveco Group N.V. to present its 2025 Second Quarter Results on 31st July 2025
Turin, 28 th July 2025. Iveco Group N.V. (EXM: IVG) confirmed today that the earnings release on its financial results for the Second Quarter of 2025 will be sent out on Wednesday, 30 th July 2025 as per the Company's corporate calendar, with a conference call to present them the following morning. A live audio webcast of the conference call will begin at 11:00 a.m. CEST / 10:00 a.m. BST on Thursday, 31 st July 2025. Details for accessing the webcast are available at the following link: Q2 2025 Iveco Group Webcast. The press release and presentation material will be posted on the corporate website at on Wednesday, 30 th July 2025, in advance of the conference call. For those unable to take part in the live session, a replay will be available in the Investors section of the company website ( following the conference call. Iveco Group N.V. (EXM: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society. The seven brands are each a major force in its specific business: IVECO, a pioneering commercial vehicles brand that designs, manufactures, and markets heavy, medium, and light-duty trucks; FPT Industrial, a global leader in a vast array of advanced powertrain technologies in the agriculture, construction, marine, power generation, and commercial vehicles sectors; IVECO BUS and HEULIEZ, mass-transit and premium bus and coach brands; IDV, for highly specialised defence and civil protection equipment; ASTRA, a leader in large-scale heavy-duty quarry and construction vehicles; and IVECO CAPITAL, the financing arm which supports them all. Iveco Group employs 36,000 people around the world and has 19 industrial sites and 30 R&D centres. Further information is available on the Company's website Attachment 20250728_PR_Iveco_Group_2025_Q2_Results_Announcement
Libya Herald
27-06-2025
- Business
- Libya Herald
Libyan Italian Forum concludes with the signing of 98 MoUs
The Libyan Italian Forum (Benghazi, 25-26 June) concluded its second and final day yesterday with the Director General of the Libya Development and Reconstruction Fund, Belgassem Hafter, signing ''several memorandums of understanding with 98 specialized Italian companies'', including IVECO, the manufacturer of trucks and heavy vehicles. The Fund reported that these memoranda covered vital areas related to reconstruction and development priorities, most notably: • Infrastructure • Energy • Engineering Consultancy • Finishing and decorations (contracting/construction) • Sea and air transport • Training, capacity-building and other areas 223 Libyan companies participated in B2B meetings The Fund said the forum witnessed wide participation of more than 223 Libyan companies in bilateral business sessions (B2B) in which logistical, legal and financial frameworks were discussed to facilitate the entry of Italian companies into the Libyan market and enhance cooperation and investment opportunities. The Fund said the signing of these memorandums also comes in the context of the strategic plan of the Libyan Development and Reconstruction Fund, which aims to enhance technical cooperation with international companies and provide an effective partnership environment that contributes to the reconstruction of Libya with a focus on localising knowledge and transferring expertise to national cadres through specialised training programmes. The forum also comes as part of its strategy to support the private sector and microenterprises and provide technical and logistical support to activate international partnerships and stimulate the national economy. The forum was organized under the auspices of the Hafter controlled Libya Development and Reconstruction Fund and in the presence of the Fund's Director General, Belgassem Hafter, the President of the National Development Agency, the Mayor of Benghazi, along with several eastern based official figures. On the Italian side the Italian Ambassador, the President of the Italian Chamber of Commerce and the Consul General in Benghazi also participated in the event. . More than 100 business representatives arrive in Benghazi for the Libyan Italian Forum for Development and Reconstruction Italian airliner ITA lands at Benghazi's Benina airport for the first time in 14 years Libyan Italian Forum for Development and Construction to be held in eastern Libya in 2025: Belgassem Hafter
Yahoo
11-06-2025
- Automotive
- Yahoo
IVECO celebrates its 50th anniversary and sets in motion the spirit of the future
IVECO GROUP N.V. IVECO GROUP N.V. Turin, 11th June 2025. IVECO, the brand of Iveco Group N.V. (EXM: IVG) that designs, manufactures and markets light, medium and heavy commercial vehicles, marks the 50th anniversary since its foundation in 1975. Throughout the year, a series of activities will celebrate the rich heritage of the brand and highlight its bold vision for the future at Group sites worldwide: Sete Lagoas, Brazil; Cordoba, Argentina; Madrid, Spain; Annonay and Bourbon-Lancy, France; Brescia, Bolzano, Foggia, Piacenza and Suzzara, Italy; Vysoké Mýto, Czech Republic; Beijing, China; and many others. A special '50xBeyond' event will also be held from 12th to 15th June in Turin, IVECO's birthplace and the headquarters of Iveco Group. During the four days at OGR Torino – the late 19th-century industrial complex now turned into a hub of culture and innovation – Iveco Group's customers, dealers, partners and employees will be taken on a journey between past, present and future. They will be fully immersed in IVECO's fifty years of commitment to excellence and innovation in the transport sector and the way its people and vehicles have shaped the history of commercial mobility. There will be talks, performances and a display of the historic and latest models of vehicles and engines. Three new IVECO vehicles will be presented for the first time during the event. First, the S-eWay Artic, a fully electric heavy-duty truck with a range of up to 600 kilometres, which is IVECO's newest zero-emission solution designed for long-haul missions. Then, the two new electric vehicles deriving from the partnership with Stellantis that will expand IVECO's electric light commercial vehicle offering to cover the full spectrum of zero-emission urban mission solutions. Over the weekend, the celebration will extend to the local community. IVECO's 50th anniversary event at OGR Torino will be open to the public on Saturday afternoon and on Sunday morning, a procession of historic and state-of-the-art IVECO vehicles will parade through the city streets. IVECO has continued to evolve over the decades, trailblazing within the commercial vehicle market. Now it is ready for its next phase, offering a vehicle lineup with a unique combination of best-in-class innovation, reliability and sustainability. During the '50xBeyond' event the brand will be spotlighting this increasingly premium and distinctive force in the market. IVECO is setting in motion the spirit of the future together with its growing network of dealers, customers, and strategic partners who share the same forward-looking mindset. That's the essence of 'Spirito in movimento', the brand's new pay-off that will drive IVECO into the future. In Turin, a new partnership with the National Automobile Museum and support to the Italian Red Cross On the occasion of its 50th anniversary, IVECO is partnering with the MAUTO National Automobile Museum of Turin, one of the most important automobile museums in the world. A special exhibition dedicated to the history of IVECO is being hosted at the museum, showcasing three IVECO vehicles – a Daily light commercial vehicle, an S-WAY heavy-duty truck and an IVECO Minibus. In addition, a special edition off-road Tigrotto is on display together with original blueprints, scale models, advertising campaigns, and a selection of iconic vehicle models that tell the story of one of Italy's most influential industrial players. As corporate citizens, Iveco Group collaborates with organisations committed to the social and economic development of local communities. In Turin, several initiatives have been implemented in collaboration with social impact NGOs. One such initiative will take place in the city centre on 14th and 15th June, when volunteers from the Italian Red Cross will offer the public free cardiology consultations on board an IVECO Daily set up as a mobile clinic. This is part of a larger joint project between IVECO and the Italian Red Cross to raise awareness about cardiovascular disease prevention. IVECO: a union of five European vehicle manufacturers IVECO's journey began in 1975 with the union of five leading European industrial vehicle manufacturers: the Italian Fiat Veicoli Industriali (which included Officine Meccaniche and Lancia Veicoli Speciali), the French Unic and the German Magirus-Deutz. Together, they combined over 150 years of engineering expertise and innovation under one name: IVECO, acronym of Industrial Vehicles Corporation. Out of that original conglomerate, through acquisitions, alliances and partnerships, emerged Iveco Group's seven brands – IVECO, FPT Industrial, IVECO BUS, HEULIEZ, IDV, ASTRA and IVECO CAPITAL – which combine to offer a comprehensive range of commercial vehicles, powertrains, buses, specialty vehicles and financial services. Today Iveco Group employs 36,000 people around the world and has 19 industrial sites and 30 R&D centres. is the home of unique people and brands that power your business and mission to advance a more sustainable society. The seven brands are each a major force in its specific business: IVECO, a pioneering commercial vehicles brand that designs, manufactures, and markets heavy, medium, and light-duty trucks; FPT Industrial, a global leader in a vast array of advanced powertrain technologies in the agriculture, construction, marine, power generation, and commercial vehicles sectors; IVECO BUS and HEULIEZ, mass-transit and premium bus and coach brands; IDV, for highly specialised defence and civil protection equipment; ASTRA, a leader in large-scale heavy-duty quarry and construction vehicles; and IVECO CAPITAL, the financing arm which supports them all. Iveco Group employs 36,000 people around the world and has 19 industrial sites and 30 R&D centres. Further information is available on the Company's website Media Contacts:Francesco Polsinelli, Tel: +39 335 1776091Fabio Lepore, Tel: +39 335 7469007E-mail: mediarelations@ Attachments 20250611_PR_Iveco_Group_ IVECO_50th_Anniversary IVECO GROUP N.V. 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Forbes
30-05-2025
- Automotive
- Forbes
The Long Haul To Autonomy Is Getting Started As Leaders Show The Way
The autonomous truck crowd descended on Anaheim last month for the annual Advanced Clean Transportation (ACT) show. ACT has been operating for more than decade and the focus has gradually expanded from 'clean propulsion' to include other cutting-edge technologies in logistics. Within the massive Expo Hall, 12,000 attendees examined the latest tech from truck and engine makers, trailer manufacturers, energy suppliers, charging infrastructure, intelligent tire makers, innovations in all types of alternative energy, along with self-driving trucks. For autonomy, the focus was on driverless trucks shifting trailers in logistics yards as well as long haul operations. My recent article covered logistics yard operations. Here's to review the latest accomplishments, plans, and statements from the companies focused on long haul that were present at ACT. Truck autonomy developer Plus had a substantial exhibit and used this to provide informational talks from executives each day. The exhibit highlighted Plus's production tie-up with the TRATON Group, as well as testing which is underway with Hyundai fuel cell trucks in North America. Separately, Plus has partnered with IVECO Trucks for production of autonomous vehicles, making Plus the only AV developer working with two European-based manufacturers. Within TRATON, the near-term action is happening with their U.S. focused subsidiary International Truck. Working with International engineers, Plus is conducting validation of its self-driving highway capability on Interstate 37 in the San Antonio, Texas area, where International has a manufacturing plant. This follows test-track based validation in Ohio with no driver behind the wheel. Peter Hafmar, Vice President and Head of Autonomous Solutions at Scania, leads the coordination of Autonomous Solutions for the TRATON GROUP. In an interview at ACT, Mr. Hafmar noted their many years of evaluating and partnering in the autonomy space. 'We developed in-house expertise in autonomous driving so as to assess potential suppliers, and our evaluation of Plus led to our production partnership with them.' The partnership was announced early last year. Within TRATON, International will be the first to offer autonomous trucks to their customers. 'Customers in the U.S. have tried AV trucks from various developers. They are very well informed. These leaders are ready to go when the product is released,' he said. The company has said that the first rollout of Plus-powered autonomous trucks will occur in 2027. Noting that European launches will follow with brands Scania, MAN, and Volkswagen Truck and Bus, Mr. Hafmar is upbeat about regulatory allowance of autonomous trucks there. The most vexing challenge currently relates to border crossings within the European Union, which he believes will be resolved by EU-wide legislation. Across the board, Mr. Hafmar emphasizes that the use case must include terminal-to-terminal services. Therefore, their AV's must be capable of running on the main highway as well as surface streets nearby to the highway to reach freight terminals. In a Truck Tech episode from ACT Expo, FreightWaves' Thomas Wasson interviewed Plus COO & Co-Founder Shawn Kerrigan about Plus's tech. 'We have a global collaboration across all TRATON brands to bring this technology to life in products they can deploy to their customers. Our focus as a software tech developer is to enable the truck OEM to create autonomous trucks that they can deliver to their customers, the fleets. Our customer and partner are the OEMs. We're excited about this global collaboration with TRATON,' he said. The pace of activity continues to gain momentum. In an interview on the ACT Expo floor, David Liu, Plus Co-Founder and CEO, told me that 'in the second half of this year, our pilots in Texas will expand to serve new fleets.' Truck autonomy developer Aurora had their autonomous truck on display at ACT, providing a low-key presence at the event. Although attendees didn't know it at the time, Aurora trucks were already on the road running driverless in commercial freight hauling – a world first. For months, Aurora had assured investors that this launch would happen in April 2025 and they made good on the promise, even though the announcement came a couple of weeks later. Subsequent news was jarring, in that pressure from PACCAR (the manufacturer of the trucks in service) resulted in Aurora installing a human observer in the vehicles as they traverse the Dallas-to-Houston route. However, a human observer is not the same as a safety driver; the autonomy is doing the driving. Although the mainstream media lapped up this apparent stumble, I see this as only a blip in the larger picture. In parallel, Bleeker Street Research published a damning analysis of Aurora (funds managed by Bleecker Street are short Aurora Innovation). The Bleeker report questioned the validity of Aurora's business model and many other facets. Of greatest concern was their assertion that Volvo Trucks will not be producing autonomy-ready trucks starting in 2027 as has been stated by both companies. According to this report, it will be more like 2030. Aurora has production agreements with two OEMs, Volvo and PACCAR. Thus, a production delay from one truck maker can theoretically be offset by the other. So far, neither Aurora nor Volvo Trucks have commented on the Bleeker Street assertions. Until they do, a cloud will hang over Aurora, depressing the stock price and leaving us all scratching our heads. Volvo Trucks is forging a unique path, that of manufacturing large quantities of autonomous trucks which they will operate themselves to move long haul freight in the U.S. The term of art is 'Transportation as a Service' or TAAS. Lars Stenqvist, Executive Vice President, Volvo Group Trucks Technology and Volvo Group Chief Technology Officer, commented on this unique approach in an interview while sitting down with me at the Volvo Group exhibit area. 'How hands-on will Volvo be with AV customers once new trucks are delivered to them?,' I asked. His response was succinct: '100 percent, due to our TAAS approach.' 'Our aim is to create the market for autonomy by running loads for companies like DHL and Uber Freight. We already have customers signed up,' he added. He emphasized that TAAS is the focus and 'there are no sales of AV trucks on the horizon.' Volvo Autonomous Solutions (VAS) is leading the charge. Nils Jaeger, president of VAS, and I discussed their tactical approach. 'At VAS, we aim to learn the benefits of AV by directly running freight,' he said. 'Autonomous trucking will bring a revolution in transport, even pulling loads from air freight. The shift is big and an individual fleet cannot get there easily,' he added. VAS sees itself working top-down, addressing the challenging aspects of launching autonomous trucking operations, which they view as a service to their customers. In his view, many of their legacy customers are wary of autonomous trucks. VAS can show them the way forward, i.e. how to commercialize. Echoing his colleague at TRATON, Mr. Jaeger is also bullish about Europe. He is optimistic that the proper regulations will soon be in place to enable automated trucking throughout the European Union. He noted Australia and the UAE as other areas which may come on-line soon. Mr. Jaeger emphasized the importance of having multiple autonomy suppliers, i.e. Aurora and Waabi. Having multiple suppliers is a long-standing principle within the vehicle industry to reduce risk from any supply problems from a particular supplier. Testing is underway now by VAS in Texas on the Dallas-Houston freight lane. Mr. Jaeger is confident VAS trucks will roll out across the Sunbelt and the entire continental U.S. To make it all real, Volvo Group is investing $400M to facilitate manufacturing of autonomous truck products. Initially this will occur at the New River Valley assembly plant in Virginia, Volvo's largest manufacturing facility worldwide. Of course, the companies that elected to be at ACT do not comprise the entire space. Daimler Trucks and Torc Robotics are well along in their plans to commercialize by 2027 and are currently doing extensive testing in Texas. Waabi has said they will launch driverless operations in Texas later this year. Gatik has said they will go driverless with short haul 'Freight Only' operations this year as well. And newcomer Bot Auto plans to begin driver-out operations in the coming months, running freight between Houston and San Antonio. Will the road freight world change overnight? In concluding our discussion at ACT, I asked Peter Hafmar what we might be talking about twenty years from now at ACT 2045. 'There will be an extensive AV EV transportation network. But change does not come overnight, it occurs over decades.' Spoken like the industry veteran that he is, who has seen fads come and go, while tech advancement which endures comes at its own pace. Disclosure: Richard Bishop is an Advisor to and/or an equity holder in the following companies mentioned in this article: Aurora, Gatik, Plus.
