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Mid East Info
20-05-2025
- Automotive
- Mid East Info
FPT INDUSTRIAL TO SHOWCASE ITS LATEST INNOVATIONS FOR POWER GENERATION AT MIDDLE EAST ENERGY - Middle East Business News and Information
FPT Industrial, the Iveco Group brand dedicated to the design, production, and sale of powertrains and solutions for on- and off-road vehicles, as well as marine and power generation applications, headed to Dubai to exhibit at Middle East Energy, one of the most reputable and long-established events in the energy industry, held from April 7 to 9. The brand was present alongside its distributor network at Booth S2.C40, where it showcased a selection of its offerings for the power generation segment. Conscious of the responsibilities that come with being a leading manufacturer of engines, FPT Industrial continued to advance sustainability projects, a theme that became increasingly central to the brand's strategy and engine lineup. This strong and unwavering commitment was also reflected in the way the brand participated in trade shows around the world. As with all global events it attended in 2024, FPT Industrial proudly exhibited at Middle East Energy 2025 with a carbon-neutral booth. This ambitious practice encompassed every step of the booth's production and required a Life Cycle Assessment (LCA), a 'cradle-to-grave' approach that evaluated the cumulative potential environmental impacts of a product, process, or service. As a trusted engine manufacturer, FPT Industrial stood at the forefront of the power generation industry, with over 30,000 units sold globally each year. The brand offered an extensive engine portfolio ranging from 2.4 to 16 liters, all of which complied with global emission standards, from the strictest to those in unregulated markets, ensuring superior performance across various applications. Whether used for stationary backup or mobile prime power, these engines were engineered to meet a broad range of power generation requirements, delivering reliability and efficiency. A Look at the Power Generation Range : Guaranteed Reliability, Performance, and Efficiency The brand's power generation line-up saw a significant expansion over the past year, with the addition of two new engines to the dedicated range. The first was the R24, which was originally set to be announced during the previous edition of Middle East Energy, later canceled due to adverse weather conditions. The second, which took center stage at this year's event, was the R38. This engine was a new 3.8 l turbocharged engine developed as a cost-effective solution for unregulated applications, designed for both power generation and industrial power unit line-ups and covering 50-60 kVA and 55-65 kW outputs, respectively. The R38 featured G-Drive, the brand's quick-to-market solution with cooling pack and filters already installed. It was equipped with a robust, proven, and reliable mechanical injection system, while maintenance was facilitated and sped up thanks to the single-side servicing. For the power generation version, the R38 was switchable from 1,500 rpm to 1,800 rpm to minimize OEMs' stock requirements. The flexibility that defined the R38 made it ideally suited to a broad range of applications, from stationary backup to mobile prime power. R38 Power Generation – Technical Specifications Engine Displacement (liters): 3.8 Cylinder Arrangement: in-line 4 Standby Power (kVA): 59 – 70 Prime Power (kVA): 54 – 65 Emissions standard: UR Complete specifications were available on FPT Industrial's website. At the booth, visitors also had the opportunity to discover the MyFPT products and services portfolio by FPT Industrial Customer Service supporting power generation solutions, including genuine spare parts, the FPT co-branded range of fluids developed in collaboration with Petronas Lubricants International, and the Connected Solutions. Middle East Energy provided a new opportunity for attendees to discover FPT Industrial's extensive distributor network: companies from all over the world standing by the brand as well as its customers, meeting their every need from engine purchases to maintenance. From long-established distributors to the newest additions, each member of the network played a crucial role in keeping the brand's technological excellence and pure innovation at the service of customers.
Mid East Info
19-05-2025
- Automotive
- Mid East Info
BEHIND THE SCENES OF SUSTAINABILITY WITH FPT INDUSTRIAL: THE BRAND'S ENGINES TAKE THE LEAD WITH ASTRA IN THE COMPLEX CHALLENGE OF WIND TURBINE BLADE TRANSPORT
FPT Industrial, the Iveco Group brand dedicated to the design, production, and sale of powertrains and solutions for on- and off-road vehicles, as well as marine and power generation applications, is once again reaffirming its role as a key player in the long journey towards a more sustainable world. The Brand's CURSOR 13 engines, installed in ASTRA HD9 series vehicles operated by the drivers of Geo Trasporti, were among the key participants in the complex operations of transporting the twenty-seven wind turbine blades destined for the new 'Mondonuovo' wind farm in Mesagne (Brindisi), Italy, one of the most delicate phases of such a renewable energy project. The construction of infrastructure like a wind farm involves operations with a very high level of complexity: transporting blades up to 81 meters long on a special twelve-axle trailer, with a total combined weight of over 200 tons, is certainly one of them. The maneuvers, slow and at times required to be millimeter-perfect, take place along routes that may include curves, slowdowns, and slopes to reach the installation site, often far from the main highways. Egle Panzella, Brand Equity and Corporate Social Responsibility Manager at FPT Industrial, commented: 'The sustainability supply chain also includes everyday feats like this one, involving companies from various sectors, specialized professionals, and high-performance equipment. The CURSOR 13 has once again proven to be the ideal engine for vehicles designed to overcome the most complex on-road challenges, such as those required for infrastructure projects in the wind energy sector, which, due to the weight and size of the blades, demand exceptional performance'. In this operation, the 570 hp CURSOR 13 engines from FPT Industrial, powering the specialized ASTRA HD9 86.57 vehicles designed for heavy-duty work in the oil and mineral, quarrying, construction, and oversized loads transport sectors, played a key role, combining perfectly with the HD9's toughness and tailor-made features for this undertaking. A few months after the incredible performance on the scorching dunes of the Dakar 2025, these engines once again demonstrated maximum power, efficiency, reliability, and sustainability in the most challenging tasks. In addition to top-tier performance, transient response, and low fuel consumption, FPT Industrial's patented HI-eSCR technology without EGR ensures a low Total Cost of Ownership (TCO), thanks in part to the DPF with passive regeneration, and the longest oil change intervals in this category, up to 150,000 km. Furthermore, the DPF cleaning interval of up to 600,000 km, and reduced oil consumption provide significant advantages in terms of operational availability and cost reduction. CURSOR 13 for ASTRA HD9 86.57 – Technical Specifications No. of cylinders / valves: 6L / 4 Turbocharger: eVGT Displacement [liters]: 12.88 Maximum Rated Power [hp]: 570 Maximum Torque [Nm]: 2,500 Dry weight [kg]: 1,132 The strengths of the CURSOR 13 have been further enhanced in its natural evolution, the XCURSOR 13, FPT Industrial's first multi-fuel single-base engine, launched as part of the IVECO Model Year 2024 product line-up. With new air handling for downspeeding, improved combustion with increased Common Rail and peak cylinder pressures, smart oil and water pump, and new conrod pins and crankpin materials that reduce friction, along with an advanced valvetrain, and lighter cylinder block and cylinder head, the XCURSOR 13 has taken the legacy of the CURSOR series, launched back in 1998, to an even higher level. It features CO2 emissions reductions of 7% and 10% lighter weight compared to the previous version, with a maximum power output of 600 hp and a peak torque of 2,850 Nm.
Wall Street Journal
15-05-2025
- Automotive
- Wall Street Journal
Iveco to Continue Defense Spinoff Preparations While Considering Sale
Iveco IVG 0.09%increase; green up pointing triangle Group said it would continue to prepare for a spinoff of its defense unit while it explores interest in the business from potential buyers. The Italian truck maker said it recently received preliminary expressions of interest for its defense business from potential buyers and the company's board mandated management to explore them while continuing with work for a possible spinoff.
Hamilton Spectator
15-05-2025
- Automotive
- Hamilton Spectator
Iveco Group 2025 First Quarter Results
The following is an extract from the 'Iveco Group 2025 First Quarter Results' press release. The complete press release can be accessed by visiting the media section of the Iveco Group corporate website: or consulting the accompanying PDF: The Company responded decisively to market downturn and laid strong foundations for future growth. Full year guidance confirmed in its entirety The Board has decided to proceed with the separation of the Defence business via a spin-off while exploring preliminary expressions of interest from potential strategic buyers Consolidated revenues amounted to €3,026 million compared to €3,367 million in Q1 2024. Net revenues of Industrial Activities were €2,958 million compared to €3,283 million in Q1 2024, with positive price realisation partially offsetting lower volumes in Truck and Powertrain and an adverse foreign exchange rate impact. Adjusted EBIT was €152 million compared to €233 million in Q1 2024 with a 5.0% margin (6.9% in Q1 2024). Adjusted EBIT of Industrial Activities was €117 million (€201 million in Q1 2024), with positive price realisation and cost containment actions in selling, general and administrative costs ('SG&A') partially offsetting lower volumes and mix. Adjusted EBIT margin of Industrial Activities was 4.0% (6.1% in Q1 2024), with margin improvements in Bus and Defence. Adjusted net income was €84 million (€153 million Q1 2024) with adjusted diluted earnings per share of €0.31 (€0.57 in Q1 2024). Net financial expenses amounted to €39 million compared to €21 million in Q1 2024, which included a positive impact of the Argentinian hyperinflation accounting; starting from 1st January 2025, following the change of the functional currency of one of our local subsidiaries from the Argentine peso to the U.S. dollar, hyperinflation accounting is no longer applicable in Argentina. Reported income tax expense was €12 million, with an adjusted Effective Tax Rate (adjusted ETR) of 26% in Q1 2025 which reflects the different tax rates applied in the jurisdictions where the Group operates and some other discrete items. Free cash flow of Industrial Activities was negative at €794 million (vs negative €436 million in Q1 2024) mainly driven by higher working capital absorption due to lower sales and production level for Truck and Powertrain. Available liquidity was €4,709 million as of 31st March 2025 (€5,474 million at 31st December 2024), including €1,900 million of undrawn committed facilities. Attachment
Yahoo
15-05-2025
- Automotive
- Yahoo
Iveco Group 2025 First Quarter Results
The following is an extract from the 'Iveco Group 2025 First Quarter Results' press release. The complete press release can be accessed by visiting the media section of the Iveco Group corporate website: or consulting the accompanying PDF: The Company responded decisively to market downturn and laid strong foundationsfor future growth. Full year guidance confirmed in its entirety The Board has decided to proceed with the separation of the Defence business via a spin-offwhile exploring preliminary expressions of interest from potential strategic buyers Consolidated revenues amounted to €3,026 million compared to €3,367 million in Q1 2024. Net revenues of Industrial Activities were €2,958 million compared to €3,283 million in Q1 2024, with positive price realisation partially offsetting lower volumes in Truck and Powertrain and an adverse foreign exchange rate impact. Adjusted EBIT was €152 million compared to €233 million in Q1 2024 with a 5.0% margin (6.9% in Q1 2024). Adjusted EBIT of Industrial Activities was €117 million (€201 million in Q1 2024), with positive price realisation and cost containment actions in selling, general and administrative costs ('SG&A') partially offsetting lower volumes and mix. Adjusted EBIT margin of Industrial Activities was 4.0% (6.1% in Q1 2024), with margin improvements in Bus and Defence. Adjusted net income was €84 million (€153 million Q1 2024) with adjusted diluted earnings per share of €0.31 (€0.57 in Q1 2024). Net financial expenses amounted to €39 million compared to €21 million in Q1 2024, which included a positive impact of the Argentinian hyperinflation accounting; starting from 1st January 2025, following the change of the functional currency of one of our local subsidiaries from the Argentine peso to the U.S. dollar, hyperinflation accounting is no longer applicable in Argentina. Reported income tax expense was €12 million, with an adjusted Effective Tax Rate (adjusted ETR) of 26% in Q1 2025 which reflects the different tax rates applied in the jurisdictions where the Group operates and some other discrete items. Free cash flow of Industrial Activities was negative at €794 million (vs negative €436 million in Q1 2024) mainly driven by higher working capital absorption due to lower sales and production level for Truck and Powertrain. Available liquidity was €4,709 million as of 31st March 2025 (€5,474 million at 31st December 2024), including €1,900 million of undrawn committed facilities. Attachment 20250515_PR_IVG_Q1_2025Sign in to access your portfolio
