IVECO, an
acronym for Industrial Vehicles Corporation, is an Italian multinational transport vehicle manufacturing company. 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. 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 subsidiary of Iveco Group N.V., a holding company incorporated in
Amsterdam, Netherlands, and is listed on
Borsa Italiana
Borsa Italiana, based in Milan, is the Italian stock exchange. It manages and organises domestic market, regulating procedures for admission and listing of companies and intermediaries and supervising disclosures for listed companies.italy24.ils ...
.
History
IVECO was incorporated on 1 January 1975, with the merger of five different brands:
FIAT Veicoli Industriali
Fiat Società per Azioni, S.p.A., or ''Fabbrica Italiana Automobili Torino'' (Italian Automobile Factory of Turin), was an Italian holding company whose original and Core business, core activities were in the automotive industry, and that was s ...
(with headquarters in Turin),
OM (
Brescia, Italy),
Lancia Veicoli Speciali
Lancia Veicoli Speciali was an Italian commercial vehicle maker. It was merged into Iveco in 1975. Lancia remained the property of the founding family until 1955, when it was taken over by Carlo Pesenti who later, in 1969, sold it to FIAT. In 19 ...
(Italy),
Unic
Unic was a French manufacturer founded in 1905, and active as an automobile producer until July 1938. After this the company continued to produce commercial vehicles, retaining its independence for a further fourteen years before being purcha ...
(France), and
Magirus-Deutz
Magirus GmbH is a truck manufacturer based in Ulm, Germany, founded by Conrad Dietrich Magirus (1824–1895). It was formerly known as Klöckner Humboldt Deutz AG, maker of the Deutz engines, so the brand commonly used was Magirus Deutz, and for ...
(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, as well as buses and engines. In 1977, the light- to medium-weight
IVECO Zeta
IVECO, an acronym for Industrial Vehicles Corporation, is an Italian multinational transport vehicle manufacturing company. It designs and builds light, medium, and heavy commercial vehicles. The name IVECO first appeared in 1975 after a merger o ...
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
Daily
Daily or The Daily may refer to:
Journalism
* Daily newspaper, newspaper issued on five to seven day of most weeks
* ''The Daily'' (podcast), a podcast by ''The New York Times''
* ''The Daily'' (News Corporation), a defunct US-based iPad new ...
.
In 1980, IVECO built a
turbo diesel
The term turbo-diesel, also written as turbodiesel and turbo diesel, refers to any diesel engine equipped with a turbocharger. As with other engine types, turbocharging a diesel engine can significantly increase its efficiency and power output, ...
engine for heavy industrial vehicles. In this decade the corporate strategy was heavily oriented towards brand promotion and led to the sponsorship of sports events, such as the 1980
Olympic Games
The modern Olympic Games or Olympics (french: link=no, Jeux olympiques) are the leading international sporting events featuring summer and winter sports competitions in which thousands of athletes from around the world participate in a var ...
in Moscow, the
Davis Cup
The Davis Cup is the premier international team event in men's tennis. It is run by the International Tennis Federation (ITF) and is contested annually between teams from competing countries in a knock-out format. It is described by the organis ...
in 1982, multiple championship boxing matches, the
Jacques Cousteau
Jacques-Yves Cousteau, (, also , ; 11 June 191025 June 1997) was a French naval officer, oceanographer, filmmaker and author. He co-invented the first successful Aqua-Lung, open-circuit SCUBA (self-contained underwater breathing apparatus). T ...
expeditions in the
Amazon basin
The Amazon basin is the part of South America drained by the Amazon River and its tributaries. The Amazon drainage basin covers an area of about , or about 35.5 percent of the South American continent. It is located in the countries of Bolivi ...
in 1983 and the
Raid Pigafetta
Raid, RAID or Raids may refer to:
Attack
* Raid (military), a sudden attack behind the enemy's lines without the intention of holding ground
* Corporate raid, a type of hostile takeover in business
* Panty raid, a prankish raid by male college s ...
, during which the IVECO-FIAT 75 PC 4x4 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 also successful in the European market, selling a total of 50,000 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
Ford of Europe GmbH is a subsidiary company of Ford Motor Company founded in 1967 in Cork (city), Cork, Republic of Ireland, Ireland, with headquarters in Cologne, Germany.
History
Ford of Europe was founded in 1967 by the merger of Ford of Bri ...
'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
dumper
A dumper or dumper truck (British English) or dump truck (North American English) is a truck designed for carrying bulk material, often on building sites. A dumper has a body which tilts or opens at the back for unloading and is usually an open ...
s 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 Spanish industrial company
ENASA, which owned the industrial vehicle builder
Pegaso
Pegaso (, "Pegasus") was a Spanish manufacturer of trucks, buses, tractors, armored vehicles, and, for a while, to train apprentices, and have a good brand image, some sports cars. The parent company, Enasa, was created in 1946 and based in the ...
.
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
The ''Motor Trend'' Car of the Year (COTY) is an annual ''Car of the Year'' award given by ''Motor Trend'' magazine to recognize the best new or significantly refreshed car in a given model year.
Background
''Motor Trend'', which debuted in 1 ...
" in 1992 and 1993, respectively, and for the first time, this recognition was awarded to the same manufacturer for two years in a row. 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. 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 Euro there since 1978.
In 1992, IVECO took over the primary constructor of industrial vehicles in Australia to form Ital, originally called International Trucks Australia. In 2000 it was renamed ''Iveco Trucks Australia Limited''.
[ 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 ladder was celebrated together with the delivery of the 5000th Magirus aerial ladder produced since the Second World War.
In 2003, IVECO entirely bought out Irisbus
IVECO Bus (formerly Irisbus) is a bus manufacturer with headquarters in Turin. IVECO Bus is now only a brand division of IVECO which is a company incorporated under Dutch law and listed on Borsa Italiana.
History IVECO (1975 - 1999)
In 1975 ...
, originally part of a joint venture with Renault
Groupe Renault ( , , , also known as the Renault Group in English; legally Renault S.A.) is a French multinational automobile manufacturer established in 1899. The company produces a range of cars and vans, and in the past has manufactured ...
. 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
FPT Industrial is an Italian multinational designer and manufacturer of transmissions, axles, diesel and petrol engines that was established in March 2005 as a Fiat Group division which included all the activities related to powertrains and tr ...
. At the end of 2004, an agreement was reached between Iveco and the Chinese company Shanghai Automotive Industry Corporation (SAIC).
In 2006, Iveco sponsored the 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 Ferrari
Ferrari S.p.A. (; ) is an Italian luxury sports car manufacturer based in Maranello, Italy. Founded by Enzo Ferrari (1898–1988) in 1939 from the Alfa Romeo racing division as ''Auto Avio Costruzioni'', the company built its first car in ...
Racing Team, for which it supplies the vehicles that transport the single-seaters at all the Formula 1
Formula One (also known as Formula 1 or F1) is the highest class of international racing for open-wheel single-seater formula racing cars sanctioned by the Fédération Internationale de l'Automobile (FIA). The World Drivers' Championship, ...
World Championship races.
On 1 January 2011, Fiat Industrial
CNH Industrial N.V. is an Italian-American multinational corporation with global headquarters in Basildon, United Kingdom, but controlled and mostly owned by the multinational investment company Exor, which in turn is controlled by the Agnelli ...
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 15 January 2012, IVECO won the 33rd edition of the Dakar Rally with the Petronas
Petroliam Nasional Berhad (National Petroleum Limited), commonly known as Petronas, is a Malaysian oil and gas company. Established in 1974 and wholly owned by the Government of Malaysia, the corporation is vested with all oil and gas reso ...
De Rooy team and Dutch driver Gerard De Rooy
Gerard de Rooy (born 21 June 1980 in Eindhoven, Netherlands) is a Dutch truck racer, best known for participating in the Dakar Rally. In the 2009 edition he won three stages. He won the truck category race in 2012 and 2016. He is the son of su ...
, 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.
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 specialty vehicles, powertrain and related financial services businesses previously held by CNH Industrial.
Facilities
IVECO has 27 production plants and 6 research centres located in 16 countries. Outside of Europe, the company operates in China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...
, Russia
Russia (, , ), or the Russian Federation, is a List of transcontinental countries, transcontinental country spanning Eastern Europe and North Asia, Northern Asia. It is the List of countries and dependencies by area, largest country in the ...
, Australia
Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...
(Factory ceased production in June 2022), South Africa
South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring countri ...
and Latin America. All the plants have obtained ISO 9001-vision 2000 (quality management by process) and ISO 14000 (environmental management) certification.
Joint-ventures
* Naveco
Nanjing Automobile is a state-owned enterprise with a history that dates from 1947, (Nanjing
Nanjing (; , Mandarin pronunciation: ), alternately romanized as Nanking, is the capital of Jiangsu province of the People's Republic of China. It is a sub-provincial city, a megacity, and the second largest city in the East China region. T ...
, China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...
), production trucks by Naveco brand
* SAIC-Iveco Hongyan (Chongqing
Chongqing ( or ; ; Sichuanese dialects, Sichuanese pronunciation: , Standard Mandarin pronunciation: ), Postal Romanization, alternately romanized as Chungking (), is a Direct-administered municipalities of China, municipality in Southwes ...
, China), production trucks by Hongyan brand
Emissions and alternative fuels
Euro VI engines with SCR technology
IVECO engines from the Cursor and Tector ranges observe the Euro VI standards by adopting High Efficiency SCR (HI-eSCR) technology. This technology optimises the processes of exhaust combustion and after-treatment, reducing consumption and enabling achievement of greater efficiency in the conversion of NOx emissions.
Electric drive
IVECO developed and built the first Daily with electric propulsion in 1986; Later, the range was broadened to include trucks and city buses. IVECO introduced the New Daily with electric propulsion and zero exhaust emissions, in which a battery system powers an electric three-phase asynchronous motor – through the aid of an inverter – in charge of moving the vehicle directly, while recovering energy during braking.
The vehicle runs on two to four batteries made with Na/NiCl2 ( Sodium-nickel chlorine) technology at a nominal 278 Volts. The maximum velocity is electronically limited to 70km/h, while the vehicle's range is from 90 to 130km on a fully charged battery, depending on the number of batteries and the mission.
Diesel-electric parallel hybrid traction
The parallel hybrid solution incorporates both a Diesel engine and an electric engine that can be used individually or simultaneously, which makes for greater operating flexibility and allows the vehicle to work under both urban and non-urban conditions.
In 2010 IVECO introduced this technology on the Eurocargo Ibrido, a commercial vehicle for the European market with electri-diesel parallel propulsion for distributing and collecting goods in city centres. The payload capacity decreases by 200kg in comparison to diesel-engine models, but it is possible to save up to 30% on the urban cycle.
The Eurocargo hybrid range is made up of two versions:
# the 7.5-ton version uses a Tector Diesel FPT Industrial engine with 16 valves and 4 Euro V cylinders, with a maximum power of 160hp (118 kW); this is paired with a drive system made of an electric motor-generator with 60hp (44kW), a 6-speed automated gearbox and a lithium ion battery pack (Li-Ion) of rated capacity 1.8kWh.
# The 12-ton version uses the FPT Industrial Tector engine with 16 valves and 4 EEV cylinders with a maximum power of 180hp (132kW), paired with an electric motor-generator with 60hp (44kW), a 6-speed automated gear box and a lithium ion battery pack (Li-Ion) of rated capacity 1.8kWh.
Diesel-electric hybrid
IVECO has been active in this sector since 1990 with 6, 7, 4 and 12 meters buses for urban and suburban transportation. The series hybrid technology features a diesel engine – smaller than that of a traditional vehicle – that acts as a battery charger.
CNG – compressed natural gas
IVECO's range of light, medium and heavy vehicles and buses can run on methane.
Methane makes it possible to save on consumption by 38% per kg transported as compared to that consumed by diesel engines for the same payload and distance travelled. In addition, compared to EuroVI diesel engines, methane engines reduce NOx emissions by approximately 60% and particulates emissions by approximately 70%.
LNG – liquefied natural gas
In April 2012 IVECO presented its first vehicle with this technology, the Stralis LNG.
As opposed to vehicles with CNG technology, LNG technology takes the vehicle farther on a full tank (up to 750km) and reduces the vehicle's tare thus increasing the load. The main difference between the two technologies lies in the type of natural gas storage employed, which in this case is kept in a liquid state at −161°C in cryogenic
In physics, cryogenics is the production and behaviour of materials at very low temperatures.
The 13th IIR International Congress of Refrigeration (held in Washington DC in 1971) endorsed a universal definition of “cryogenics” and “cr ...
tanks; it is then heated in a heat exchanger so that once it reaches the engine it is a gas. Also, the noise emitted decreases by 3 to 6 decibel
The decibel (symbol: dB) is a relative unit of measurement equal to one tenth of a bel (B). It expresses the ratio of two values of a power or root-power quantity on a logarithmic scale. Two signals whose levels differ by one decibel have a po ...
s over an analogous diesel engine vehicle.
IVECO Trakker Bifuel – diesel-ethanol prototype
IVECO created the first prototype
A prototype is an early sample, model, or release of a product built to test a concept or process. It is a term used in a variety of contexts, including semantics, design, electronics, and Software prototyping, software programming. A prototyp ...
of a bifuel, diesel and ethanol-run vehicle. The technology was developed by IVECO together with FPT Industrial
FPT Industrial is an Italian multinational designer and manufacturer of transmissions, axles, diesel and petrol engines that was established in March 2005 as a Fiat Group division which included all the activities related to powertrains and tr ...
and Bosch. The prototype uses a Trakker truck with Common Rail Cursor9 engine with 360HP that may be powered by a 40–60% ethanol-diesel blend. The prototype was tested by Raízen, a joint venture between the cane sugar producer Cosan and Shell.
In 2011, this prototype earned IVECO the "Prêmio Top Etanol" – for the alternative fuel technology.
Heating and air-conditioning systems
A prototype of a heat pump system for electric and hybrid vehicles was installed on the IVECO Daily vehicle. The system cools or heats the passenger compartment by transferring low temperature heat generated by the drive systems. At the same time, the control strategies minimise the energy demand in order to achieve a low impact on consumption.
IVECO vehicles
The brand’s range of products include the Daily, a vehicle that covers the 3.3 – 7.2 ton vehicle weight segment, the Eurocargo from 6 – 19 tons and, in the heavy segment above 16 tons, the IVECO Way range with the on-road IVECO S-Way, the off-road IVECO T-Way and the IVECO X-Way for light off-road missions.
Current models
* Acco
* Daily
* eDaily
* EuroCargo
* Eurofire
* GFF4
The GFF4 (Geschützte Führungs- und Funktionsfahrzeuge, Klasse 4: Protected Command and Functional Vehicles, Class 4), previously KMW Grizzly, is a medium weight MRAP armored personnel carrier, developed by Krauss-Maffei Wegmann (KMW), designed ...
* LMV
* Metro
* NJ-series
* Ouba
* S-Way
* Trakker
* Traveler
* Turbo Daily
* VM 90
Former models
* Campagnola
* CityClass
* Effeuno
* EuroClass
* EuroMover
* EuroRider
* EuroStar
* EuroTech
* EuroTrakker
* Massif
* MyWay
* PowerStar
* Stralis
* T-series
* TurboCity
* TurboStar
The Bombardier Turbostar (sold as the ADtranz Turbostar until 2001) is a family of diesel multiple unit (DMU) passenger trains that was built by ADtranz and later Bombardier Transportation at Derby Litchurch Lane Works in the United Kingdom ...
* X-series
* Zeta
Major sponsorships
Iveco has in the past sponsored many major professional boxing events, including, in each case, the first of two fights between Sugar Ray Leonard and Tommy Hearns and between Aaron Pryor and Alexis Arguello.[Archived a]
Ghostarchive
and th
Wayback Machine
Gallery
File:2014 Iveco Daily 35 S13 MWB 2.3.jpg, 2014 Iveco Daily 35 S13 Van
File:2019 Iveco S-Way in Madrid.jpg, 2019 Iveco S-Way
File:Iveco Eurocargo 2015.jpg, 2015 Iveco Eurocargo
File:IVECO Tector 8 e 11 toneladas.jpg, 2017 Iveco Tector
File:Iveco 682 Truck.jpg, 2018 Iveco 682
File:IvecoStralisAllBlacksVysokeMyto.JPG, 2007 Iveco Stralis
File:Iveco Trakker 310 F.jpg, 2016 Iveco Trakker
File:Iveco Evadys n°8288 (vue avant gauche) - Transisère (Lumbin).jpg, 2016 Iveco Bus Evadys
File:Crossway 937.jpg, 2017 Iveco Bus Crossway
File:Iveco Stralis X-Way AS440X46TP NP - Front and right side IAA 2018.jpg, 2018 Iveco Stralis X-Way
See also
* IVECO Bus
* International Association of Public Transport
* List of Italian companies
* Sofim
References
External links
*
FPT (previously Iveco Motors)
{{Authority control
Battery electric vehicles
Corporate spin-offs
Vehicle manufacturing companies established in 1975
Italian companies established in 1975
Defence companies of Italy
Electric bus manufacturers
Electric vehicle manufacturers of Italy
Emergency services equipment makers
Italian brands
Bus manufacturers of Italy
Truck manufacturers of Italy
Turin motor companies
Multinational companies headquartered in Italy
2022 initial public offerings